HomeMy WebLinkAbout869807Aq pe6peimours pus o; pesoloslp Aisnolneid sa ldeox3 (o) pus :siellew Lions 01 6ul;elei uosied Aus Aq pull Aue ;o swlelo Jo uol;eBpll peueleei41
JO !sn ;o8 Aug (n) Jo Apadad ay} ;o s ;usdn000 Jo SJaumo aoud Aug Aq Apadoad eql wa; 10 }nogo 'iepun 'uo eoue}sgns JO e}sem snopJezeq
Aue ;o 0900181 paua ;eaayl Jo 'eseelei 'lssodslp 'lu0w;eaal 'e6eJo;s `om}oe;nusw 'uogeieua6 'esn Aug (I) '6u!}unn uI Jepuaq Aq pe6palmoumos pus
of pesoloslp Alsnolnead se ldeoxe 'ueaq sey 01841 1841 anaileq 01 u0se0J JO ;o e5pelmoum ou sey Joluel0 (q) !Apadoad eq1 WW1 Jo lnoge 'Japun
'uo uosied Aug Aq eous;sgns 10 elssm snopiezeq Aug ;o esseieJ peu0;eeJ41 Jo eseeleJ 'lssodslp 'luew}eea} `e6sio ;s 'em ;0e4nuew 'uo!Baeue6 'esn
ou ueeq ssy 8Ja44'Apedoid eq1 ;o dlysJeumo s,aolueig ;o poued 014; 6uuno (e) :;eyl iepueq o} slusaasm pus s}uaseidoi Jo }u0J0 •solsegss pus
108194; uopogi; Aug Jo s ;onpoid —Aq wneloa;ed pus wneloa}ed 'uolle }lw11 lnoyllm 'epnpu! osie hugs „eous;sgns snopaezeq„ pus „a}sem snopiszey„
sw1e1 a41 •13ulo6eao; eql ;o Aug 0; lusnsmd pe }dope suol ;oin6ei JO 'semi 'sm8! !aJeped Jo ems elgsopdds Jaylo 10 "bes le '1-069 u
•O'S'n et '1 AJenooeu pus uo!}enJesuo0 eainoseb! ay} "bes le 1081 uol}oeS '0'S'fl 61' 'lob' uol;epodsuswl sieve ;eW snopJezeH 041 '(�VliVS
661 'oN '1 'qnd `9961 Jo ;oy uol ;szuoy ;Hoed pug sluewpuewy punpedns ay; 1„y101:30 'bes ;a `1096 uo!IoOS '0'S'n Zti 'pepuews
se '0961 1 loV A111lg pug 'uollesuedwo0 'esuodseH Ie;uewuoa!nu3 enlsuegeidwo0 eq; u! qpo; les se s6ulusaw ewes e4; snug ;lugs 'e6s6poW
sly; u! pasn se esselei peuelseiq;„ pus „'esselei„ „'lssodslp„ eoue ;sgns snopieze1„ „'elsem snopaszey„ awe} 041 •seoue ;sgns snopaezeH
'enlsn s}! enaeseid o} AJ0sseoeu
eoueue ;ulew pug `s ;uewaosidei 'siiedei ye wmoped Aidwad pus uoillpuoo elgs;usue; u! ApadoJd eLi} ulelulgw is Joluel9 •ule ;ulelry 01 Alna
•ApedoJd 041 w011 slues
041 }oepoo pug A1iedoJd eql a6eusw pus e;siedo pus 10 loa;uoo pug uolssessod u! uleweJ Amu Jolusme 'llnslep ui Run 'esn pue uolssessod
:suolslnoad 6u!Mo1fo;
e41 Aq peweno6 eq Heys Apedoad e4; ;o esn pus uolssessod wimp le41 seei6e Jolu8JO A1H3d08d 3H1 dO 33NVN31NIVW 0NV NOISS3SSOd
•eO86poW sly; aepun suop86pgo s,aoluea0 ;o ye moped Allows pays pue'enp ewooeq Aeyl so
e6e6;aow sly; Aq peinoes slunowe Ile Jepueq o; Asd guys iolu0JO'e6e611oyy sly; ui pepinoid eslnveylo ss ;deox3 '33NVWtl0dt13d ONV 1N31NAVd
:9110:131 ONIMO110d 3H1 NO 031d333V aNV N3AIO SI 3OVOiH0W SIHI •SlN3Wn3oa 031V131:1 31-11 aNy 39VO1I01N
SIHl H3aNn HO1NVUO dO SNOIIVO1180 11V AO 33NVWti0dtl3d (Z) aNV SS3NO31930NI 3H1 d0 1N3WAVd (1.) 3t1n33S 01 MAID
SI'All:M n:1d 1VNOSIA3d ONV S1N32:1 3H1 Ni 153U31NI Aiit11133S 31;1 ONV S1N3H d0 11N3WNOISSV 3H1 DNI0nl3Ni `30velHOW SIH1
•Al1edo1d
ay} woo; pan419p s #1eueq sey ;o pus 's11oad 'same/col 'sanssl 'ewo0u! 'senuenei 'sluaa emIn; pus ;ueseid Ile SUB8W „slues„ pIOM eyl swam
•sseupe ;gepul 011 411m uol ;oeuuoo uI pe1noex0'Bupslxe JegseJeq ao mou Jay }aym's;uewnoop
pus s;ueweea68 's;uOwna;su! Je410 Ile pus ';snl} 10 speep 'saBs6;1ow 'slu0weea60 A ;unoes 'sel;uoJen6 's;ueweeJ6s Ie;uawuwinue 's ;ueweeiBe
ueol 's ;ueweeiee ;pen 'salon Aaosslwoad 118 uolIO;lwp lno4 ;lm epnpu! pug u8ew „sluewnaoa peleleu„ sp1Om ell •sluewnoo0 P910191:1
•uopoes „e6s6lJo J ;o lusmp„ ey; u! enogs pegposep sly6u pus slseJalul 'Apedoad 8141 ueew „ApedoJd leas swam 0U1 •AladoJd Rau
•Apedoid Ieuosied 041 pus A}JedoJd luau 841 Al8nlI00II00 su8ew „Apedoad„ plum 841 •A }.iedoad
•Apedwd ail 10 uo1lsodslp Ja410 Jo el0S Aug wag (swniweid
10 spun;eI pus speaowd eouemsul 118 uogellwll ;nay }lm Bulpnpul) speeooid 118 411M /8418601 pus :Apedoid ions 10 Aue 'Jo; suolln ;l }sgns 118 pug
;o s ;ueweoeldei He '01 suo!IlppB pus 'sped `suolsseoos 118 4;1m Je4je601 :Apedoad Ieau 0410} pewIJ4? Jo payoe;le /01408/84 10 mou pus 'ioluea0 Aq
peumo 194091aq Jo mou AiJedoad leuosied 10 mope pe Jey ;o pug 'samIxl; }uawdinbe Ile u8ew „Apedo1d leuosied„ spaom 0141 •A;aadoad wowed
•lueweeies 10 e;ou Aaosslwoad eLi; Jo; suol ;n38sgns
pug ;o suollspposuoo '10 s6upueul;ea '40 suol ;8o1lpow '10 suol5U01Xa '10 SIBM8U0J 118 qyM /0410601 `Jepue1 01 aolusJO woo; 00.000`SZL$
Jo lunowe ledlaulad leul6lao all ui '000 'Z JegwenoN pe ;ep }ueweei6e upon JO e4ou Aaossiwoid ail su8ew „eloN„ Nom 041 •310N
'slues pug Apedoad IBUOS1ed 841016u118181 SUO!S!noad;seae;u
A ;unoes pus SIUewu6ISSe 118 uop84w1I }nog ;inn sepnpu! pug aapuaq pus 1olu8JO ueeM;aq e6e6poW sly; su8ew „e6e6poW„ paom eU1 •a6e61aoW
•e686poyl sly; aepun
eeBe6pow ey1 s1 aapuaq 041 •suBlsse pub sJosseo0ns s1.! 'H3NV1:19 NOIdV 1S3M >INV91VNOIIVN 1St11d su8ew
•e686laoW 514; ui pepinoid se slunowe Lions uo 'swam
141Im 18U186o; 'a6e0poW sl41 Jepun Jo;ue1O 40 suol;e6llgo ealo;U0 o} aapuaq Aq paamou! sesuedxe Jo Jo;u8JO ;o suolle6llgo 86.83143m o1 Japuel
Aq peouenpe JO pepuedxe slunowe Aug pub eioN ell aepun elgeAed ;saga ;ul pub ledloupd lie suoew u sseupe;gepui„ pJOm ail •sseupalgepul
•Apedoid MOH 041 uo uoponilsuoo Jeylo pus s;uaweo0ldOJ 'suol ;Ippe 's81111138; 'A}Jadoad leas ail uo pexule sewoq aIlgow
'sera ;ono ;s 's6u!Pllnq 'sluewenoidw! env) pug Bul;slxe Ile uol;e ;Iw11 ino4ym sepniow pus susew „s;uawenoadwl„ paom 041 •sluawenoadwl
•sseupelgepul 814; 411M u01108uu03
u! sewed not ;epoww0008 pub twins 'siolus1Bn6 041 10 18 pus yoga uo1}8pw11 lnowim sepnpw pug sueew „ao ;us ens„ paom 041 •iolueJanO
•e6eepoW sl41 aepun io6e6}aow 841 s! ao1u1310 8 41 3NI 'NOS It 11:HVHNI38'3 sueew u ao }ueJO„ PJOm 841 •JOIU9JO
•e0uewy ;o 50 1 8 1S pellun eyl
4o Aeuow In4mel u! slunowe ueew pegs slunowe aepop o; se0ue18401 Iii 'epo0 i iewwoo wJo41un ail u! style; Lions o; p8 ;nqu ;e s6ulusew eyl en014
110149 e686uow si4; u! peugep es(maey ;o lou swlel 1e6e61aolnl sl41 u1. pesn uegm s6ulusaw 6wmollo; 014} 8ne4 11 Spam Bulmollol 0 41 'SNOIiINId30
•slues pus Apedoad ;snowed syl u! Iseae ;u! Alunoes epo0 Isl3Jewwo0 wao;lun a aapuaq 01 s;uea6 Jo}uBIO 'uol1lppe
u1. Auado�d 041 wo14 swab! Ile pus Apadoid eta to semi 1e o1 pus u! }swap! pue 'egg ;q61 s,ao }u8JO 40 pe aapuaq o; su6lsse AIuesaJd JoIueJ0
'001L100Z9Z6193 s! Jegwnu uopeo!1! ;nap! xel ApedoJd Iseu 041 •g L L£8
AM `VNl3 `111 aVOd AiNl00 3AIIIa 31aaVS£913 Se UMOUN Aluowwoo si ssaappe sll JO I(laedoad lest! all
•3LL£ ON leld'L9r6L9 'oN luawnalsul `966L
`g /(evil pail; leld jell of 6ulpao3Oe `6ulwoAM `Aluno3 uloou!l L 'ON uoisinia sagOuetl OIpJON to ZOL 101
Alaadoad lead„ all) 6uIWOAM to 91e1S 'Alu1103 N103NI1 u!
pale3ol 'sJa1ew MUMS pue lewJey }oe6 'se6'I!o 'sleaeulw p8 uoi;ellwll }nog ;lm 6ulpniou! 'A}Jedoad 1801 941 o} 6up81e1 s }!load pue 'sel;leAoa 'sly6u Je410
ye pue :(s ;y6u uolle6ua! J0 4oIlp 4llm 59 11!11 ;n u! loots 6ulpnpu!) s ;46u yol!p pus sesmoole ;om 's }y6u Jaen 'Jelem 110 aeou8uelmdde pub 'Awn 40 s;g6u
'sluewesee 118 :sam ;x11 pug s;uewonoadw! `s6ulpllnq pexlge Jo peloeie A;uenbesgns JO 6ul;slxe 11 yllm aoyle6o; 'A}iedwd lees pequosep 6ulmopol 041
o} pug u! lseaalul pus 'egg '14611 SAW 1310 ;0 118 Jepuei of sAanuod pue se60611ow .Iolu0J9 'UO11019PISUO3 eigenlen 10A •30V011JOW d0 1NVdJ
aapuai„ se mow' of paaaalaa) OLl£g AM 'um/ `OZ91. X08
Od looms uol6ulyseM 118 si ssaappe aso1M `HONVa8 NO1AV NNV8 1VNOI1VN 1SHII pue aoluea0„
se Molaq of paaaalaa) 0190 01 `S'11Vd OHVOI '01909 X08 Od el ssaappe asogM `NOIIVHI0dd03
OHVaI NV "3NI `NOS '8 .UVHNI3d '3 ua 'OOOZ `Z d381A13AON a31Va SI 30VO11:101A1 SIHI
301/W1 iOIN N0113
A1NO 35n &N3ad033U EOd 51 3NI1 SIH13A09V 33VdS
vo13 'aeuBeM auuear
AM 'aeaawwa)! ..1... 044
bTX le"37177
r u1.
4/ papao3e8
„Japueq„ plom 041 •Jepua1
bYSO-sofes at `S11Vd OHV01
Ot909 X09 Od
'3NI 'NOS V 1l1VHNI321 '3
:01 S33110N XVl 0N3S
o1.Le9 AM `u01 1V
0291 X08 Od
;sails uo16ulgSOM Y 1.£
H3NVtiS N014V- 1S3M 1VN011VN 1SUTA
:011IVW 0301100311 N3HM
01.6£9 AM'uouV
OZ91. X09 Od
pails uoI t 1.e
1-13NVH9 NO1AV NNV91VNOIIVN 15HId
:118 031S3f1038 NOI1V0110331:1
9ROhIOM
11 -02 -2000
Loan No 64002395 ti.- i
MORTGAGE
(Continued)
'3 c
Page 2
Lender in writing, (I) neither Grantor nor any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture,
store, treat, dispose of, or release any hazardous waste or substance on, under, about or from the Property and (II) any such activity shall be
conducted in compliance with all applicable federal, state, and local laws, regulations and ordinances, including without limitation those laws,
regulations, and ordinances described above. Grantor authorizes Lender and its agents to enter upon the Property to make such inspections and
tests, at Grantor's expense, as Lender may deem appropriate to determine compliance of the Property with this section of the Mortgage. Any
inspections or tests made by Lender shall be for Lender's purposes only and shall not be construed to create any responsibility or liability on the
part of Lender to Grantor or to any other person. The representations and warranties contained herein are based on Grantor's due diligence in
investigating the Property for hazardous waste and hazardous substances. Grantor hereby (a) releases and waives any future claims against
Lender for indemnity or contribution in the event Grantor becomes liable for cleanup or other costs under any such laws, and (b) agrees to
indemnify and hold harmless Lender against any and all claims, losses, liabilities, damages, penalties, and expenses which Lender may directly or
indirectly sustain or suffer resulting from a breach of this section of the Mortgage or as a consequence of any use, generation, manufacture,
storage, disposal, release or threatened release of a hazardous waste or substance on the properties. The provisions of this section of the
Mortgage, including the obligation to indemnify, shall survive the payment of the Indebtedness and the satisfaction and reconveyance of the lien of
this Mortgage and shall not be affected by Lender's acquisition of any interest in the Property, whether by foreclosure or otherwise.
Nuisance, Waste. Grantor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on or to the
Property or any portion of the Property. Without limiting the generality of the foregoing, Grantor will not remove, or grant to any other party the
right to remove, any timber, minerals (including oil and gas), soil, gravel or rock products without the prior written consent of Lender.
Removal of Improvements. Grantor shall not demolish or remove any Improvements from the Real Property without the prior written consent of
Lender. As a condition to the removal of any Improvements, Lender may require Grantor to make arrangements satisfactory to Lender to replace
such Improvements with Improvements of at least equal value.
Lender's Right to Enter. Lender and its agents and representatives may enter upon the Real Property at all reasonable times to attend to
Lender's interests and to inspect the Property for purposes of Grantor's compliance with the terms and conditions of this Mortgage.
Compliance with Governmental Requirements. Grantor shall promptly comply with all laws, ordinances, and regulations, now or hereafter in
effect, of all governmental authorities applicable to the use or occupancy of the Property, including without limitation, the Americans With
Disabilities Act. Grantor may contest in good faith any such law, ordinance, or regulation and withhold compliance during any proceeding,
including appropriate appeals, so long as Grantor has notified Lender in writing prior to doing so and so long as, in Lender's sole opinion,
Lender's interests in the Property are not jeopardized. Lender may require Grantor to post adequate security or a surety bond, reasonably
satisfactory to Lender, to protect Lender's interest.
Duty to Protect. Grantor agrees neither to abandon nor leave unattended the Property. Grantor shall do all other acts, in addition to those acts
set forth above in this section, which from the character and use of the Property are reasonably necessary to protect and preserve the Property.
DUE ON SALE CONSENT BY LENDER. Lender may, at its option, declare immediately due and payable all sums secured by this Mortgage upon the
sale or transfer, without the Lender's prior written consent, of all or any part of the Real Property, or any interest in the Real Property. A "sale or
transfer" means the conveyance of Real Property or any right, title or interest therein; whether legal, beneficial or equitable; whether voluntary or
involuntary; whether by outright sale, deed, Installment sale contract, land contract, contract for deed, leasehold interest with a term greater than three
(3) years, lease- option contract, or by sale, assignment, or transfer of any beneficial interest in or to any land trust holding title to the Real Property, or
by any other method of conveyance of Real Property interest. If any Grantor is a corporation, partnership or limited liability company, transfer also
includes any change in ownership of more than twenty -five percent (25 of the voting stock, partnership interests or limited liability company interests,
as the case may be, of Grantor. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by Wyoming law.
TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are a part of this Mortgage.
Payment. Grantor shall pay when due (and In all events prior to delinquency) all taxes, payroll taxes, special taxes, assessments, water charges
and sewer service charges levied against or on account of the Property, and shall pay when due all claims for work done on or for services
rendered or material furnished to the Property. Grantor shall maintain the Property free of all liens having priority over or equal to the interest of
Lender under this Mortgage, except for the lien of taxes and assessments not due, and except as otherwise provided in the following paragraph.
Right To Contest. Grantor may withhold payment of any tax, assessment, or claim in connection with a good faith dispute over the obligation to
pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises or is filed as a result of nonpayment, Grantor shall within fifteen
(15) days after the lien arises or, if 'a lien is filed, within fifteen (15) days after Grantor has notice of the filing, secure the discharge of the lien, or if
requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender In an amount sufficient
to discharge the lien plus any costs and reasonable attorneys' fees or other charges that could accrue as a result of a foreclosure or sale under the
lien. In any contest, Grantor shall defend itself and Lender and shall satisfy any adverse judgment before enforcement against the Property.
Grantor shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings.
Evidence of Payment. Grantor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and shall
authorize the appropriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments against the
Property.
Notice of Construction. Grantor shall notify Lender at least fifteen (15) days before any work is commenced, any services are furnished, or any
materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or other lien could be asserted on account of the work, services,
or materials. Grantor will upon request of Lender furnish to Lender advance assurances satisfactory to Lender that Grantor can and will pay the
cost of such improvements.
PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Mortgage.
Maintenance of Insurance. Grantor shall procure and maintain policies of fire Insurance with standard extended coverage endorsements on a
replacement basis for the full insurable value covering all Improvements on the Real Property in an amount sufficient to avoid application of any
coinsurance clause, and with a standard mortgagee clause in favor of Lender. Grantor shall also procure and maintain comprehensive general
liability insurance in such coverage amounts as Lender may request with Lender being named as additional insureds in such liability Insurance
policies. Additionally, Grantor shall maintain such other insurance, Including but not limited to hazard, business interruption and boiler insurance
as Lender may require. Policies shall be written by such insurance companies and in such form as may be reasonably acceptable to Lender.
Grantor shall deliver to Lender certificates of coverage from each Insurer containing a stipulation that coverage will not be cancelled or diminished
without a minimum of ten (10) days' prior written notice to Lender and not containing any disclaimer of the insurer's liability for failure to give such
notice. Each insurance policy also shall include an endorsement providing that coverage in favor of Lender will not be impaired in any way by any
act, omission or default of Grantor or any other person. Should the Real Property at any time become located in an area designated by the
Director of the Federal Emergency Management Agency as a special flood hazard area, Grantor agrees to obtain and maintain Federal Flood
Insurance for the full unpaid principal balance of the loan, up to the maximum policy limits set under the National Flood Insurance Program, or as
otherwise required by Lender, and to maintain such insurance for the term of the loan.
Application of Proceeds.' Grantor shall promptly notify Lender of any loss or damage to the Property. Lender may make proof of loss if Grantor
fails to do so within fifteen (15) days of the casualty. Whether or not Lender's security is Impaired, Lender may, at its election, apply the proceeds
to the reduction of the Indebtedness, payment of any lien affecting the Property, or the restoration and repair of the Property. If Lender elects to
apply the proceeds to restoration and repair, Grantor shall repair or replace the damaged or destroyed Improvements in a manner satisfactory to
Lender. Lender shall, upon satisfactory proof of such expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair
or restoration if Grantor is not in default under this Mortgage. Any proceeds which have not been disbursed within 180 days after their receipt and
which Lender has not committed to the repair or restoration of the Property shall be used first to pay any amount owing to Lender under this
Mortgage, then to pay accrued interest, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds
any proceeds after payment in full of the Indebtedness, such proceeds shall be paid to Grantor.
Unexpired Insurance at Sale. Any unexpired insurance shall inure to the benefit of, and pass to, the purchaser of the Property covered by this
Mortgage at any trustee's sale or other sale held under the provisions of this Mortgage, or at any foreclosure sale of such Property.
Grantor's Report on Insurance. Upon request of Lender, however not more than once a year, Grantor shall furnish to Lender a report on each
existing policy of insurance showing: (a) the name of the insurer; (b) the risks insured; (c) the amount of the policy; (d) the property insured, the
then current replacement value of such property, and the manner of determining that value; and (e) the expiration date of the policy. Grantor
shall, upon request of Lender, have an independent appraiser satisfactory to Lender determine the cash value replacement cost of the Property.
TAX AND INSURANCE RESERVES. Subject to any limitations set by applicable law, Lender may require Grantor to maintain with Lender reserves for
payment of annual taxes, assessments, and insurance premiums, which reserves shall be created by advance payment or monthly payments of a sum
estimated by Lender to be sufficient to produce amounts at least equal to the taxes, assessments, and insurance premiums to be paid. The reserve
funds shall be held by Lender as a general deposit from Grantor, which Lender may satisfy by payment of the taxes, assessments, and insurance
premiums required to be paid by Grantor as they become due. Lender shall have the right to draw upon the reserve funds to pay such items, and
Lender shall not be required to determine the validity or accuracy of any item before paying it. Nothing in the Mortgage shall be construed as requiring
Lender to advance other monies for such purposes, and Lender shall not incur any liability for anything it may do or omit to do with respect to the
reserve account. Subject to any limitations set by applicable law, if the reserve funds disclose a shortage or deficiency, Grantor shall pay such shortage
•paysium; Jo epew awl} ay} 18 Jo PAM Jay }le }oadsai leue;ew Aue ul Bulpeelslw Jo esfe; SI s;uewnooa pe }stem ey; Jo e;ON
ay} 'e6e6pow sly} Jepun Jo;ueJO ;o ;Ieyeq uo Jo Aq Jepueq a} peysluJn; Jo epew ;uewel9 ;s Jo uol ;9;ueseldei 'A1U8JJem Auy •sIuawa;e ;s asled
•sluewnooa paialem ey; ;o Aue Jo e6e6pow sly} Jepun suol }e6ltgo s,Jo }ueJo wloped 0; AI!Dge S,JO }u9J0 Jo eloN
ey} ABdei 0; A ;IHge s,Jo;u8J0 .10 Apedoid s,Jo ;ueig ;o Aug;oa;}8 Aeppe;gw Amu ;ey; uosied Jo Jo}ipOJO Jey }o AU8 ;o Jone; uI 'IU0W00J68 J9410 AU8 Jo
;ueweei69 sales Jo eseyoJnd '}uewaeJBe A}pnoes `Ifpaio ;o uolsualxe 'uvoI Aug Jepun line ;ep Jo ;uww0 ptnoyg 'sallJed pJlyl jo JOAed ul poem
•s;uawn0oa pe }stem 8141 ;o Au8
ui Jo ei°N ayl '8696poW sly} ill Heins ;uoo uol ;ipuoo Jo }ueuanoo 'uol}e6pgo 'me; Jeyio Aug yllm Aldwoo 01 Jo}ueJO }o emp9d ;Ins ;aa eouelldwo0
•uall Au8 ;o e6Jeyoslp pep o} Jo ;o 6ullp lueneid o} AJesseoeu ;uewA8d Jew
Aug Jo 'eoueJnsul Jo sex9; Jo; ;uewAed Aug exew o; a686pow sly; Aq peJlnbaJ ewp ey; u144!m JolueJO ;o a lI! J •s;uawAed Jay ;o uo ;Inejaa
sseupe ;gepul ey; uo enp ueym ;uewAed Aue erw o} Jo }ueJo ;o eJnil8d •ssaupa ;gapul uo ;Ins ea
:a6e6poW sly; Jepun „11(le ;ea ;o )118(13) lIne;ap ;0 }uene U9 ein }psuo0 pays
•ew!; o} awl; woJ; Japueq Aq peulwJe ;ep S8 8e; uopeulwJe; epleuoseeJ
Aue `met elgBolidd8 Aq pe ;}lwied ;I 'Aed Him mime •Apedoid IeuosJed ey; pus s1Uem ey; ul }sale;ul A;IJnoes s,Japueq Bupuepine ell; uo ;uewe;eis
Buloueul; Aue ;o uop8u!WJal ;o sluewel9 }s equips pile eO86pow sly; ;o uol }oe ;spas eIge }ins a Joli mmo o} Jenpap pus eln0exe Heys Jepueq `e6e6pow
sly} Japun Jo }ugJO uodn pesodwl suo1 ;8611go eq} He swloped eslmJey ;o pus 'enp ueym sseupe ;gepuf eq; 118 sA9d JOIUBJO 11 '30NVI lHOJH3d Tind
ydeJ6eJed BulpeoeJd ey; ui o; paJJe ;eJ wpm ey; yspdwo00e
0; 'uoluldo eos sdepueq 111 'afgensep Jo AJ8SSaoeu eq Am se s6u!y; Jeyio He 6upp pug 'Bu!pioma! 'Bulp; '6uiJanllap '6upnoexe '6ulpw ;o
esodind eyi Jo ;oe ill— AauJo ;e s,JOIueJO se Japuei s;ulodde Algeoone.11 AgeJey Jo }11810 'sesodind yons Jod •asuedxe s,Jo }ue10 lg pus Joluei0
;o emu ey; u! pile Jo; os op Aew Japuaq 'yd9J69J8d BulpeoeJd eyl uI o; pOJJe;eJ 9611141 841 ;o Aue op o} spa; Jolu8J0 ;1 ;aed— ui— AauJony
yd8J68Jed sly} u! o} paJJe ;8J
sJe11 W em yllm uopoeuuoo u! peJJnoul sesuedxe pus slsoo He Jo; Japueq esmgwleJ Heys Jo }ueJo '6utIJm ul Japueq Aq AJ9J}uoo ay} o} peeJB9 Jo
me! Aq pe11glyoJd ssalun 'MILIEUS Aq pa)lnb3e Ja} ;eeJey Jo peumo mou Jey}eyM 'Aped0Jd ey; uo suet! Jotid pue ;s4; se e6e6polnl sly; Aq peleaJO
s }seJelul Allmoes pus swap 841 (q) pus 'siuewnooa pe; iau ay} pus '406e6poW sly} 'eloN ey; Jepun Jo;u9J0 ;o suop86pgo ey; (g) eiuesejd
10 'enul }uoo 'peped 'e;eldwoo 'e ;en }oene o} JepJO ill elgeJlsep Jo AJesseoeu eq `Japuaq ;o uoluldo egos ey; uI 'A9w s9 sluewnoop Jeyio pus
'sale0Iipe0 'eOU8Jnss8 Jaypn; ;o s }uawnJ}su! 's;ueweivls uo! }8nulluo0 's }uawelem 6ulousul; `s }uewaeJBe A }pnoes `spaap A }IJnoes 'Ism; ;o spaap
'seCe6pow yons 118 pile Aug 'e }elJdo.dde weep A9w Jepueq se seoeid pue seop ;o yons 111 Hue sew!} yons }e 'aq Aew es83 ey} se 'pepJOO8JeJ
Jo 'peipei 'pepJOOaJ 'pap; eq o} esneo •Japueq Aq pe} senbaJ ueym pile 'eeu51sep s,iepueq o} Jo Japuaq o; `pOJenliep .10 pe}noexe 'apew
eq o} esneo @m Jo 'Jenpep Hue a ;noaxe 'erw IHm Jolu8JO 'Jepueq ;o }senbaJ uodn 'ewll o} awl; woJ; pus 'awl; Au8 }y •sa0ueJnssy Jay}Jnd
•a6e6poW
s!y; ;o ped 8 eJe lo8 u!— Aewo1e Hue seouemss9 Jaypn; o} 6upiei suols!noJd 6ulmolio; eyl •13d4 A3Nao11y !S30NYufSSV u3Hlmn3
•9696poW sly! e6ed 181!1 eyi uo pelvis se 818 '(epoo le!OJewwoO wJo ;tun ey} Aq peJlnbaJ se yoee) pains }qo eq A8w e8eOpoW sly; Aq pe }ueJo
;swap! A }Imoes ey} Bulweouoo uoI }9WJO ;u! y0lym woi; '(Aped pemoes) Jepua1 pus (Jo }qep) Jo}u9J0 ;o sesseippe 6u!Ilew eyi •sasseippy
•Jepueq woJ; pu8wep uellum ;o IdleoeJ Jey9 sAep (i;) ee1y; u!y ;im Jepue o} epeHene
l! a)Iew pile JepUaq pile Jo;ue10 0; iue!uenuoO AlgeuoseeJ eo91d a ;e pub )ODU8W g ill ApedoJd IeuosJed ey} elgwesse Heys Jo;ueJO 'ilne ;ep uodn
;seJa ;ill A }IJnoes slgl 6ulnupuoo Jo Bupoeped ul paJJnOUI sesuedxe Ha Jo; Japueq esmgw!eJ Heys J01U8JO }uewele ;s Bupueug a se e6e6pow
sly; ;o suolpnpoJdeJ Jo seidoo 'spedJe;unoo pe ;noaxe ep; `Jo ;ueiO woJ; uoll8z!Joylne Jaypn; ;noq ;lm pus ewp Au8 ;e 'Aew Japuaq 'spJO0e1
Apedold leei 9141 11! e686poW sly! euipJO09J o} uoplppe uj •ApedoJd IeuosJed Hue slue8 ey; ill ;seJa ;ill A ;IJnoes s,Jepueq enul }uoo pus peped
o; Jepueq Aq pe ;senbei s! uollos Jaylo J9A8IB4m epi pus SIU9WOIe1S Bupueuy eln0axe (Heys Jo }ueJo 'Jepueq Aq ;senbaJ uodn ;seJa ;ill Animas
•ewil o} awl; w0J; pepuewe s8 epoo I8IOJawwoo wlo ;!un eyi Japun Aped peJnoes v s wop ey; p 118 envy Heys Japuaq pu8'ApedoJd
18uosJed Jey }o .10 sem;xp se ;nil ;suoo Apedojd ey ;o Aue;ue }xe eyi o; }uewaeJBe Awnoes 9 e ;n ;l ;suoo Heys }uewnJ }suI s141 leewaaJ6y Allmon
•eBe6poW
sly; ;o pad 8 9.19 1u01.1J99J68 A;unoes 9 se a696poW s!y; 0; Bul }9I8J suolslnoJd Bulmollo► 0 41 'S1N3W31y1S DNIONVNIJ `1N3■33HHOV Alllin03s
•Japueq 01 AJO }o8 ;sl;es A;IJnOeS Jey10 Jo puoq A ;ems alelodloo }ue!Olyns 8 Jo yseo Japueq yAM sllsodep pus not ;oes
suers pug sexel ey; ul enoge pepinold se xe; eyi siseluoo (q) Jo 'luenbul ep sewooeq ;1 elo ;eq xe; eq; sABd (e) .19 yip JoiueJO ssalun Molaq
pepinoJd s9 IInu ;ea ;o ;uen3 u8 Jo; se peweJ elg8Hene sit ;o p8 Jo Aug espJexe A9w Japueq pus '(moleq peupap se) ;Ine;eo ;o ;uen3 ue se }oe ;e
ewes ay; envy Heys }uene sly; 'e686poW sly; ;o e;gp ey; o; ;uenbesgns pe;oeue s! se!Idde uop0es s!y; 4O!4m o; xe; Aue 41 *saxes oenbasgns
•J0;ue10 Aq epew ;swap! pue ledloupd io s;uowABd uo Jo ssaupa ;gepul ay ;o uolpod Aue Jo pe uo xe; of ;weds a (p)
pue fe;oN ey; ;o Jepfoy eyi Jo Japuaq all ;suleBe eigee6leyo a6e6poW ;o edA} sly; uo xe} a (o) :86e6poW ;o edA; sly; Aq peJnoes ssaupe;gepul
ey; uo s ;uewAed woJ ;onpep 0; peJlnbaJ Jo pezlloy;n8 s! Jo }ueJo yo!ym Jo }ueJo uo xe; of ;loads 8 (q) 196e6poW slq; Aq pemoes sseupe ;gapui eyi
;0 pad Aue Jo He uodn Jo e6e6pow ;o edA; sly; uodn xe; woods a (e) :seildde uopoes sly; yalym o; sex9; a ;n }!;suoo Heys 6u!molio; 841 "saxes
•a6e6poW sly; euueisiBej Jo 6ulplooaj Jo; Se6J81.10 Jeyio pue 'sdwe ;s AJg }uewnoop 'sae; 'sere;
p8 uoliei!wll Inoy ;lm 6ulpnpu! 'e6e6pow sly; 6uinupuoo Jo Bupoeped '6ulplooei ul peunou! sesuedxe He yilm Jey;e6o; 'moleq pegiiosep s8 'sexe;
11 10; Japueq eSJngwieJ Hays Jolu8JO •Apedoid leaH ey; uo ue!! sdapuei enul ;uoo pue peped o; Jepueq Aq paisenbeJ si uol;oe Jeyio Jane ;8ym
ep; pue e6e6pow s!y; o; uoplppe u! s ;uewnoop yons einoexe Heys Jo1U8J9 Jepueq Aq ;senbaJ uodn •sa6Jeyo pue seed 'Saxe! ;uaJJn3
:e6e6pow spa ;o ped 8 em se6myo pue
sae ;'sex8i i8iu9WUJan0B 01 Bupelei suolslnoJd Bulmollo; 0 41 S3111l1OH1fV 1V1N3WNm3AO9 A9 S3OHYH0 aNV 933A `S3XV1 dO NOIlISOdWI
•uol ;edplped yons IlwJed o; awl; 01 ewl; woi; 11 Aq pe ;senbaJ eq Aew se s ;uewnl ;su! yons Jepueq 0; peJenl4ep eq
o} esneo 10 Jenllep Him Jo }ueJo pue'eoloyo umo Si! Jo lasunoo Aq 6ulpeeooJd 841 u! pe ;uesaldeJ eq o; pue BulpeeooJd eyi u! a ;edplped o; peppue
aq Heys Japuaq inq '6ulpaaooJd yons u! Aped ;Pulwou eyi aq Aew JoiueiO •pJeme ey; use ;go pue uopoe ay} pue4ap 01 AJ8SS908U eq Aew se sde ;s
yons amo1 Aldwold Heys JOIU8Jp pub 'Nom u! 1apueq A;pou Aldwold Heys Jolu8J0 'pelt' s! uop8uwepuoo ill BulpeeooJd Aue 41 's6ulpaaaoJd
•uop8uwepuoO ey; 4Hm uolloeuuoo ul Jepue Aq peunoul see; ,sAewolle pue
'sesuedxe 's;soo elgeuoseeJ He 40 ;uewAed Jape penny ey; ueew Heys pJeme et'; 4o speeo0Jd ieu ayl •ApedoJd eyi 4 11op810199J 10 Jledel 841 Jo
sseupe;gepul et'; o} pelidde eq pJeme ey; ;o speeoold tau eyi ;o uolpod Aue Jo Relay; eilnbei uopoele sit le Aew Jepuaq'uolieuwepuoo ;o no!! 11
eseyoJnd 10 BulpeeooJd Aug Aq 10 s6ulpeeoold ulewop ;ueulwe Aq peuwepuoo sI ApedoJd eyi 4o ped Aug 10 448 14 •spaaooJd 19N 40 uol ;eOpddy
•a696poW sly ;o ped 8 9.18 ApedoJd 9141 ;o uolieuwepuoo 01 6ulleleJ suolslnoJd Bufmolloi 841 'NOI1VNW3aNO3
sep1Joylne Ie ;uewuJeno6 ;o suopeln6eJ pue `seoueulpio
`sm81 elgeoidde Bups!xe He yllm seidwoo ApedoJd ay} ;0 esn s,JO }ueJo pun Apedold et'} ley; S;U8JJem 101U819 "WW1 tom eouelldwoa
•uoliedlolped yons Hulled 0; awl; o; awl; woJ ;;senbaJ A9w Japueq se sluewnJ }sus yons Japuaq o; 'peJanll0p eq o} esneo
Jo 'JanHap plm J01U91O pue 'e0loyo umo s,Japuei 10 lasunoo Aq BulpeeooJd eyi u! pelueseidei eq 0} pue BulpeeooJd et'; u! eiedlolp8d 01 peppus
eq Heys Jepueq inq '6uipeeoold yons ul Aped I9ulwou eyi eq ABW Jo;ueJO •asuedxe s,Jolu9J0 iv uopoe eq; pue4ap 118ys Jo}ueJO 'e6e6pow
s!y; Jepun Jepueq ;o Isere ;ill et'} 10 ep!} s,JOiu8JO suopsenb ley; peouewwoo s! BulpeeooJd Jo uol ;oe Aug ;U9AO eyi 111 •suosJed 11e ;o swop In ;mei
eyi }sule6e Apedodd 041 0; app et'} pue;ep JenaJO; 44M pue s ;ueJJ8m Jo1u8J0'enoge yd9J6ened 914} u1 uopdeoxe et'; o ;oa(gng •agll ;o esuajaa
•Jepueq o} e6e6pow sly;
Jenimp pue einoexe 0; AIIJoyine pue 'Jemod '1146!1 pn4 eyi set' Joiu9J0 (q) pue '0686pow sly! 411m uoloauuoo u! Japueq 'Aq pe ;deooe pue '10 Jone;
u! penss! uoluldo elill mug Jo 'pada: egg 'Aollod eOUemsul egg Aue u! 10 uopollOSOp Apedo1d Ieeu et'; u! ypo; ;es esoy; u8y} Jay;o seouelgwnoue
pug Buell He ;o Jeep pus 881; 'eldwls ee; uI Apedold 841 01 p.008J ;0 alp aIg91eii18w pue pooh sploy Jo }ueJo (e) :1014} SIUWJJ9m JOIUBJO "am
•e696poIN 8144 ;0 pod a eJe Apedold ey; lo dlysJeumo 0; 6u148f8J suolslnoJd Bulmollo; 8 41 "31111 dO 3SN3d30 !A1NVHMVM
pgy eney mom es4MJeylo 41;ey1 ApeweJ Aue W014
Japueq Joq 01 se os }1ne;ep ay} Bu!Jno se pant }suoo eq sou h84s Jepueq Aq uolloe yons Auy }Ins ;ap ey440 }11(10008 uo pal }pue eq Aow Jepueq y0lym 04
salpewa1 Aue 10 S #14611 Jeyio AUB o; uoplppe u! eq Heys ydeJ62Jed s114; uI Jo; pepinold slyB11 eyi •s}unowe 99014140 ;uewAed emoes rpm osl8 a6e6poW
s!41 'Allen ;ew s,e;oN et'; ;e efgeAed pue enp eq illm yolym ;uewAed uoopeq 8 s8 p8488J} eq (o) 10 'eloN eyi 40 W191 Bululewei 941 (H) .10 Aoilod
eouelnsu! elgeolidde Aue ;o wia; 941 (1) 1eyila 6uunp enp awooeq o; s ;uewAed ;uawpe }suI Au8 1Hm elgeAed eq pue Buowe peuolpodde eq Hue eioN
eyi lo eoueleq e1; o} peppe eq (q) 'puewep uo elgeAed eq (e) 111m 'uolido s,Jepueq le 'sesuedxe yons fly •10 ;ueJ9 Aq ;uewi8deJ 40 a ;Bp eyi o; Japuaq
Aq pied Jo peJJnoul e;8p et'} ww; eloN aye u! Jo; pepinoid 818J 844 le ;swap! Jeeq plm Bulop os ul spuedxe Japueq 1811} ;unowe Auy •e ;8lido1dde
sweep Jepueq ley; 1101 102 Aue er4 '01 peJlnbaJ eq sou Heys ;nq 'Amu ;18yeq s,Jo;u9J0 uo Jepueq 'Apedold eyi ill S ;SOJ9;Ui s,Japue i pep AlfomJalew
pinom 4844 peouewwoo sl 6ulpaaooJd Jo uo!408 Aue;! Jo 'e6e6pow sly ;0 uols!noJd Aug yip Aidwoo o} Sp8 1011181
•JOlu9JO Aq pied eq o; paJlnbei s ;uewssesse pub sexes eq; lo luewAed Jo; lue6e S,JOlu8J0;0u s! Japuaq pue 'JOIUBJ9101
ism; uI spun; 9A1098J em ploy }oil seop Jepueq •6uIIIJm ill Jepue i Aq o1 pee168 Jo met Aq peJlnbaJ ssalun spun; 9AJ8se1 ay} uo sBuluJee Jo ;se19;ul Aue
Aed 01 peJlnbaJ aq sou Heys JepUaq •41ne ;ea ;o iuen3 U8 ;0 eoue1m00o eyi uodn ssaupelgepul 3114 uo slunowe yons Aidde pub mOlpypm 01 pez4Joylne
Agway 5I Japuaq pue 'sseupelgapui eyi 81(1095 Jaypn; o; pe6peid Aqe et' 818 }11(10008 9AJ9s9J 044 ill sl.unow8 Ily •Japuaq Aq peiinbeJ se AOualol ;ap Jo
E abed
651«
(penulluo3)
'Japueq 40 uotldo 8141 j8'6ulmopo; ay ;o 14083 °l'lflYd]a
0 41 "H30N31 A9 S31inlla■3dX3
56£ZOO179 oN ueoi
)Z L L
11 -02 -2000
Loan No 64002395 U mr;a(Sti. 'i
MORTGAGE Page 4 I
(Continued) b 0
Defective Collateralizatlon. This Mortgage or any of the Related Documents ceases to be in full force and effect (including failure of any collateral
documents to create a valid and perfected security interest or lien) at any time and for any reason.
Insolvency. The dissolution or termination of Grantor's existence as a going business, the insolvency of Grantor, the appointment of a receiver for
any part of Grantor's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding
under any bankruptcy or insolvency laws by or against Grantor.
Foreclosure, Forfeiture, etc. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self -help, repossession or
any other method, by any creditor of Grantor or by any governmental agency against any of the Property. However, this subsection shall not apply
in the event of a good faith dispute by Grantor as to the validity or reasonableness of the claim which is the basis of the foreclosure or forefeiture
proceeding, provided that Grantor gives Lender written notice of such claim and furnishes reserves or a surety bond for the claim satisfactory to
Lender.
Breach of Other Agreement. Any breach by Grantor under the terms of any other agreement between Grantor and Lender that is not remedied
within any grace period provided therein, including without limitation any agreement concerning any indebtedness or other obligation of Grantor to
Lender, whether existing now or later.
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies
or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. Lender, at its option, may, but
shall not be required to, permit the Guarantor's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory
to Lender, and, in doing so, cure the Event of Default.
Adverse Change. A material adverse change occurs in Grantor's financial condition, or Lender believes the prospect of payment or performance
of the Indebtedness is impaired.
Insecurity. Lender in good faith deems itself insecure.
Right to Cure. If such a failure is curable and if Grantor has not been given a notice of a breach of the same provision of this Mortgage within the
preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Grantor, after Lender sends written notice
demanding cure of such failure: (a) cures the failure within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately
initiates steps sufficient to cure the failure and thereafter continues and completes all reasonable and necessary steps sufficient to produce
compliance as soon as reasonably practical.
RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of any Event of Default and at any time thereafter but subject to any limitation in the
Note or any limitation in this Mortgage, Lender, at its option, may exercise any one or more of the following rights and remedies, in addition to any other
rights or remedies provided by law:
Accelerate Indebtedness. Lender shall have the right at its option without notice to Grantor to declare the entire Indebtedness immediately due
and payable, including any prepayment penalty which Grantor would be required to pay.
UCC Remedies. With respect to all or any part of the Personal Property, Lender shall have all the rights and remedies of a secured party under
the Uniform Commercial Code.
Collect Rents. Lender shall have the right, without notice to Grantor, to take possession of the Property, including during the pendency of
foreclosure, whether judicial or non judicial, and collect the Rents, including amounts past due and unpaid, and apply the net proceeds, over and
above Lender's costs, against the Indebtedness. In furtherance of this right, Lender may require any tenant or other user of the Property to make
payments of rent or use fees directly to Lender. If the Rents are collected by Lender, then Grantor irrevocably designates Lender as Grantor's
attorney -In -fact to endorse Instruments received in payment thereof in the name of Grantor and to negotiate the same and collect the proceeds.
Payments by tenants or other users to Lender in response to Lender's demand shall satisfy the obligations for which the payments are made,
whether or not any proper grounds for the demand existed. Lender may exercise its rights under this subparagraph either in person, by agent, or
through a receiver.
Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Property, with the power to
protect and preserve the Property, to operate the Property preceding foreclosure or sale, and to collect the Rents from the Property and apply the
proceeds, over and above the cost of the receivership, against the Indebtedness. The receiver may serve without bond if permitted by law.
Lender's right to the appointment of a receiver shall exist whether or not the apparent value of the Property exceeds the Indebtedness by a
substantial amount. Employment by Lender shall not disqualify a person from serving as a receiver.
Judicial Foreclosure. Lender may obtain a Judicial decree foreclosing Grantor's interest in all or any part of the Property.
Nonjudicial Sale. Lender may foreclose Grantor's interest in all or in any part of the Property by nonjudicial sale, and specifically by "power of
sale" or "advertisement and sale" foreclosure as provided by statute.
Deficiency Judgment. If permitted by applicable law, Lender may obtain a judgment for any deficiency remaining In the Indebtedness due to
Lender after application of all amounts received from the exercise of the rights provided in this section.
Tenancy at Sufferance. If Grantor remains in possession of the Property after the Property is sold as provided above or Lender otherwise
becomes entitled to possession of the Property upon default of Grantor, Grantor shall become a tenant at sufferance of Lender or the purchaser of
the Property and shall, at Lender's option, either (a) pay a reasonable rental for the use of the Property, or (b) vacate the Property immediately
upon the demand of Lender.
Other Remedies. Lender shall have all other rights and remedies provided in this Mortgage or the Note or available at law or in equity.
Sale of the Property. To the extent permitted by applicable law, Grantor hereby waives any and all right to have the property marshalled. In
exercising its rights and remedies, Lender shall be free to sell all or any part of the Property together or separately, in one sale or by separate
sales. Lender shall be entitled to bid at any public sale on all or any portion of the Property.
Notice of Sale. Lender shall give Grantor reasonable notice of the time and place of any public sale of the Personal Property or of the time after
which any private sale or other intended disposition of the Personal Property is to be made. Reasonable notice shall mean notice given at least
ten (10) days before the time of the sale or disposition.
Waiver; Election of Remedies. A waiver by any party of a breach of a provision of this Mortgage shall not constitute a waiver of or prejudice the
party's rights otherwise to demand strict compliance with that provision or any other provision. Election by Lender to pursue any remedy shall not
exclude pursuit of any other remedy, and an election to make expenditures or take action to perform an obligation of Grantor under this Mortgage
after failure of Grantor to perform shall not affect Lender's right to declare a default and exercise its remedies under this Mortgage.
Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms of this Mortgage, Lender shall be entitled to recover
such sum as the court may adjudge reasonable as reasonable attorneys' fees at trial and on any appeal. Whether or not any court action Is
involved, all reasonable expenses incurred by Lender that in Lender's opinion are necessary at any time for the protection of Its interest or the
enforcement of its rights shall become a part of the Indebtedness payable on demand and shall bear interest from the date of expenditure until
repaid at the rate provided for in the Note. Expenses covered by this paragraph include, without limitation, however subject to any limits under
applicable law, Lender's reasonable attorneys' fees and Lender's legal expenses whether or not there is a lawsuit, including reasonable attorneys'
fees for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals and any anticipated
post judgment collection services, the cost of searching records, obtaining title reports (including foreclosure reports), surveyors' reports, and
appraisal fees, and title insurance, to the extent permitted by applicable law. Grantor also will pay any court costs, in addition to all other sums
provided by law.
NOTICES TO GRANTOR AND OTHER PARTIES. Any notice under this Mortgage, including without limitation any notice of default and any notice of
sale to Grantor, shall be in writing, may be sent by telefacsimile (unless otherwise required by law), and shall be effective when actually delivered, or
when deposited with a nationally recognized overnight courier, or, if mailed, shalt be deemed effective when deposited in the United States mail first
class, certified or registered mail, postage prepaid, directed to the addresses shown near the beginning of this Mortgage. Any party may change its
address for notices under this Mortgage by giving formal written notice to the other parties, specifying that the purpose of the notice is to change the
party's address. All copies of notices of foreclosure from the holder of any lien which has priority over this Mortgage shall be sent to Lender's address,
as shown near the beginning of this Mortgage. For notice purposes, Grantor agrees to keep Lender informed at all times of Grantor's current address.
MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Mortgage:
Amendments. This Mortgage, together with any Related Documents, constitutes the entire understanding and agreement of the parties as to the
matters set forth in this Mortgage. No alteration of or amendment to this Mortgage shall be effective unless given in writing and signed by the
party or parties sought to be charged or bound by the alteration or amendment.
Annual Reports. If the Property is used for purposes other than Grantor's residence, Grantor shall furnish to Lender, upon request, a certified
statement of net operating income received from the Property during Grantor's previous fiscal year in such form and detail as Lender shall require.
"Net oneratinn Income" shall mean all cash receipts from the Pro ertv Tess all cash expenditures made In connection with fhP_ operation of the
9 °Bed
INTSJVHNI3y0 (19Z'Ed QeZ'SA 6O0 sigep IlV 'DUI 'seO!AJaSOJd Id0 OOOZ (0) LZ'B'J9A''110'W'1 V l e d 'S'n 'Bey bid y3SV1
01 sajidxe uoissiwwoo ANN
t �,1
t J -0-1 ON AI ;9 Bulplsau
•uo e o ;lsyeq uo e6e6poW eql oexe
;ou; uI pus 86e6pon sly; elnOaxe o1 pezuo41ne sl ats JO eq Ie41 pe ;els 41eo uo pue 'peu0l ;u0w uleJeyl sesodmd pue sesn ay; Jo; 'sJOloeJlp preoq
sll to uoonloseJ Aq Jo smelts so to A;ijoylne Aq `uoi;eJodioo etl ;o peep pue toe AJelunion pue eaJ; eq; eq o1 e6e6poyy ay} pe6palmouve pue e6e6poW
e41 pe;noexe ;eql Uo1lsJOdJOO e41 l0 ;ue6e pezuoq;ns us eq 01 9W o1 umoum pue li ONI 'NOS It 1UVHNI3U '0 �1 IN301S9Ud 33IA `lUVHNI3U
30N3Unyl JS
peedde AHeuosjed 'ollgnd AJe ;oN peu6isJapun ey; 'ew eio ;eq OZ .1 r3(� l� -9� r. )(AN ;o Aep 0 I 9 141 90
OHVOI JO 31b'1S
3IlGfld MVLON
A2:13WOJINOIN •d Vil3a
ss(
1N3010031MON)IOV 31VHOdUOO
•SWU31 Sll 01 S33U0V UOINVUJ ONV'30VOltIOW SIH1 AO SNOISIAOH 3H1
(penuI>)uo3)
39V:1111.1
o ale1S 9 41. 10 1 pug ul 31l4nd AJ910N
It n a t,,t' (Dv do AiNn00
AO 31V1S
1
VHNI3U '3
UO NVUJ
'peiinbei sl;u3suo0 Lions eJe •m s- us enbesgns
01 luesuoo Bulnuouoo elnlosuoO lou pays sous ;sul Aus ul Jepue Aq luesuoo Lions 6uoueje ay; 'e6e61.1 •W s141 ul pall be sI Ja• luesuoo
JeneuegM •su000esueil am ;n; Aue o) se suolle6;go S,Jolusa0 ;o Aue Jo s ;y6u s,Jepue ;o Aue jo Janle a e;nlosuoo s 'JO ea a e Jepue
ueemleq Bulleep to esmoo Aus Jou 'Japue Aq JenIOM Joud oN uolslnoad Je410 Aus JO uolslnoad ley; tllM eOUelldwo Dols p .:we• es!MJe410
;q6u s,Aped ey; eolpnread Jo jo aanlsM e elnlllsuoo ;oU pays e6e6poW s14; ;o uolslnoad a jo Aped Aue Aq J: leM l 6u o Aue JO #4BU Lions
jo JenlsM e se e; Jedo Heys ;y Aue 6uisioaexe Ul Jepue ;o ped ail uo uolsslwo JO Aelep oN •Jepua Aq =u6ls pu: •ullum ul sl Jen113M Lions
sselun (sluewnoop pelelaU ay; Jepun Jo) eBe6poW sly; Jepun s;g6u Aue penleM snag of peweap eq 1ou Heys Jepuei •sivasuo3 pue sJCAIOM
•e6e6poW sly; Aq peinoes sseupe ;gepul lie o; se 6ulwoAM
;0 elelg e41 ;o sMEI uoodwexe pee ;sewo1 eq; jo sweueq pue sole!) pe senIOM pus seseeoeJ AgeJeq Jo ;ueJg •uol;dwax3 pea ;sawoH do aenleM
•e606poW sl41 ;o eouswJoped eq; ui eouesse e41 ;o sl ewll •9OUass3 3111 jo 81 awll
•sseupelgepul 841 aepun Alma!! JO e6e6poW sly ;o suooe6ilgo et; woe; Jo ;umme 6uiseeoeJ ;nog ;im uoisue;xe Jo eouoJSegJo;
;o Asm Aq sseupe ;gepul ail pue e6e6poW soil o; eouea910J y ;uM saossaoons volume 41!M leep Aew °JO;UeJO 0l eOl;ou ;no411M 'Jepue1
`JO;ueJD uey; Jet ;o uosaed a ui pe ;sen sewooeq ApedoJd e41 to diysJeuMo ;I •suBisse pue siosseoons aie41 'seoped e41 to ;oeueq et; 01 amid pus
uodn 6ulpulq eq is eBe6poW sit;' ;sage ;ui s,Jolusij ;o Je ;sues; uo eBe6poW sly; UI palels suol ;sllwll etl o; loefgng •su6lssy pue sJOSSa3Ons
•elgeeaJo ;ue pus plan UIBweJ is s ;oedsei aey ;o He Ul e6e6poW slyl JO suolsinoJd Jeylo pe pus ueilolJ1s eq Heys 11 'pe1Apow os
eq louuBO uolslnoad 6ulpua;;o eyl;l 'JeneMOy !Alipllen J0 Al to sump ail uiyliM eq of paolpow eq o1 peweep eq Heys uolslnOJd 6uopuello
tons AUS 'elglsse; 1l •seOuelswnOJIO JO suosaed a9410 Aue of se elgeeoao ;ueun JO ppenul uolslnoad ley; Jepuei lou pegs 6ulpuo Lions 'eOuelswn0Jlo
Jo uosaed Aue 01 se elgeooaolueun Jo pHenui eq o1 e6e6poW s141 to uolslnoad Aug spui; u000ipsunf lueledwoo ;o pnoo a 11 •AUIIgeJanes
Jepue- ;o luesuoo UO;;lUm e43 lno411M 'Apoedeo Aue u! Jepuai to loeueq a41 Jo; JO Aq pleq
ewe Aug le ApedoJd e41 ul elelse Jo 1s9Je ;ul Jet ;o Aue glom e6e6poW son Aq peleaao e;else Jo lseJe ;ul e41 ;O Je6Jew ou eq Heys eJegi •Ja6Jeyl1
'e6e6poW sill to suolslnOJd
ell °Loop JO leJdJalul o; pesn eq o; ;ou OR pus Apo sesodind aOUaluenuoo Jo; eJe e6e6poW sly; ul s6ulpeeq u0ods0 •s6UIpeeH uo11d
•fiuiwoAM ►o ale ;S 341 ;o SMOI 311; 4;IM aauepio3Oe ul panJ;suoO pue Aq pawano6
a q 119118 e6e61ao1N s141 •6uiwoAM JO a;9is 341 ul Japuoi Aq paldaooe pue Jepuai 01 paJen;lap uoaq say a6e6poyy 8141 M91 eigeoly
Ap
As
Y
:As
01NVUJ
!,o T o S6EZOOV9 oN Leo,
11111Z-ZO-Ll