Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
868983
'em;oelnusw 'eWJeua6 'esn psis ApedoJd 94110 Jesn pezpowne J9410 JO ;ue6e 'JojoeJ;uoo 'lugue; Aue Jou Jo ;usmO Jay;Ieu '6ul ;lam u! Japual Aq peepalmouve pus 0; pesops!p Alsnolnaid se ;deox3 (o) pus :sip ;ew tons o; 6uI }e!ai uosied Aue Aq pull Aug to sw!e!o Jo uo! ;s6Up peue ;eaJy; Jo (en;oe Aug (p) Jo Apedoid ay; ;o s;usdn000 Jo sJaumo Jopd Aug Aq Apedoid ay} woJl Jo ;noge `Japun 'uo eoue ;sgns Jo e}s:M snopJezey Aue to esselei peue ;eaJy; Jo 'esuelei gesods!p ;uew ;eeJ; 'e6eJo ;s 'eJn ;oe ;nuew 'uopeieue6 'esn Aue '8u! ;um u! Jepuel Aq pa6pelmouxoe pus o} peso!os!p A!sno!neJd se ;daoxa 'uaaq say eJey; ;vy; enapaq o; uoseaJ Jo 'lo Opel/Awl ou say Jo ;ugis (q) :Apedoid ey; wo.q Jo }nogg 'Jepun 'uo uosied Aue Aq eoue ;sgns JO a ;sem snopJezey Aug }o esee!ej peue ;eeJy; 10 esea!eJ '!esods!p yuew ;eai; 'e6eio ;s `am;oelnuew 'uol ;eieue6 `esn ou uaaq set eJey} 'Apedoid ey; to d!ysjeumo vowels ;o poped ey; Buuna (e) :;eg; Japual 0; S1UBJJem pue s }ueseidei Jo ;ueis •so ;segse pue Ioepay; uogoeJl Aue Jo s ;onpoid -Aq wnejoi ;ad pue wne!a;ed 'uo! ;e ;!w!! ;not;Im 'epnpul os!e pvys „eoue ;sgns snopJezey„ pue „e ;sem snopJezey„ awe; eql •Bu!o6eJol ay; to Aue 01 ;uensmd pe ;dope suo! ;e!n6ei Jo 'semi 'sme! !awed Jo e;e;s e!geopdde 1e410 Jo "bes ;e '1069 uol;oeS '0'S'fl lb ;oy AJenooe pus uo! ;enMesuoo eoJnosetl ay; 'ins ;e '1091 uo! ;oeS '0'S'fl 6P '1 uol ;epodsuBJj s!eIJe ;eW snopJezeH 9 41 'LVHVS 66t' 66 '0N '1 •qnd '9861 to ;ov uo! ;ezpoy ;need pue s ;uewpuewy punpedns 941 '(„V-!OU30 •bes ;a '1096 uo! }oeS '0'S'n Zb 'pepuewe se '0861 10 ;0V AlIIIgen pus 'uogesuedwo0 'esuodset! !e;uewuoJnnu3 en!sueyaidwo3 0U1 u! gpol ;es se seu!ueew ewes et; envy pegs 'e6e6poW s!y} u! pesn SB 9SE9 e1 peue }eeJy;„ pue asse!eJ !esods!p„ ;eoue ;sgns snopJezey„ „'a ;sem snopJezey„ sw19; 841 saoue;sgns snoprezeH 'omen sp eiueseid o; AJesseoeu eoueue;u!ew pus 's ;ueweoe!dei 'sJledej pe moped Apdwoid pus uo!ppuoo a!qe ;ueua; ul Apedoid 041 u!e;u!ew pegs Jo;ueJO •uleluleIN 01 Ana Apedoid eq; woll s ;ueti ay ;oepoo pue Apedoid a4; e6euew pue a ;eiedo pus to !oiuoo pus uo!ssessod u! u!ewei Aew Jo;uBJO y!nelap u! !pun asfl pue uolssessod :suo!s!noJd 6u!mopol ay; Aq peweno6 eq pegs Apedoid 041 to esn pue uolssessod s,JO;ueJO Ie41 SOOJBe Jo;USJ •a6e6poW s!gl iepun suope6pgo s,JOluBJO to pe wJOped Allop ;s pays pue 'enp ewooeq Aeq; se e6e6poW s!g; Aq peinoes s ;unowe !le Japual o; Aed pegs Jaime 'a6e6poW s!4; u! pep!noJd es!■Jeq ;o se ;daoxa '33NVWHOd1:13d aNV 1N3WAVd :SWH31 DNIM0110d 3141 NO a31d333V aNV N3AIO SI 30VDi8OW SIHJ. "s1N3Wn3oa 031V13H 3H1 aNV 3JVDJ 0W SIHI H3aNl H01NVHJ dO SNOIIV0I190 11V d0 3ONVW1:10IH3d (Z) aNV SS3Na3193UNI 3H1 dO 1N3WAVd (L) 3Hf33S 01 N3AID SI `AJH3dOHd 1VNOSH3d aNV S1N3H 3Hi NI 1S3H31N1 A11Hl03S 3H1 aNV S1N3H AO 1N3WNDISSV 3H1 ONIal1ONI `39VD11:101A1 SIHJ Apedoid ey; woJl penpap s;!leueq Jay ;o pue 's;poJd 'sal ;!eAoJ 'senss! 'ewoou! 'senuenei 's ;uei am;nl pue ;uaseid I!e sueaw „s }uatl„ pIOm eyl .slued •ssaupe ;gepul ey; g ;pm uopoauuoo u! pe;noexe '6ups!xe Je}IeeJa; Jo mou Jey;eym 's ;uewnoop pue s ;ueweei6e 's ;uewni }su! J94 ;o 110 pue 'ism; to speep 'se6s6pow 's ;ueweei6e *noes 'sal ;uoien6 's ;ueweeJ6e le}uewuoJ!nue 's;ueweOJ6e um! 's;ueweeJ6e ppemm 'selou AJoss!wo)d !!e uope ;Iwli ;notpm epnpu! pue ueew „s }uewnoop pe ;e!ea„ spJOm ayl •sluawnaoa palelatl 'uopoes „a6e6poW to ;ueie„ e4; u! enoqe pegposep s;y6p pus s ;sale ;ul'Apedad ay; ueew „Apedoid leat!„ spJOm eyl •ApadoJd Ieau •A ;JedoJd IeuosJed ay} PUB Apedoid !eat! ay; Alenpoepoo sueaw „Apedoid„ pJom eyl •A1Jad0ld •ApedoJd 841 10 uop!sods!p J8410 Jo ass Aue wail (swn!wejd to spunlei pue speeooid eousmsu! pe uogepw!! ;not ;!m 6u!pnpu!) speeooid pe t;IM Jey ;e6oi pus :Apedoid lions 10 Aue 'Jo; suopn4 ;sgns pe pue ;o s}ueweoe!deJ pe '01 suop!ppe pue 'sped `suOlsseo0e Ile y;Im 10U10601 !Apedoid !eat! ey; 01 pexple JO payee;IB /91109104 Jo mou pus 'JO ;uBJO Aq peumo 18U081ay 10 mou Apedoid !euosled ;0 sep!pe Jey ;o pue 'san;xp ';uewd!nbe 110 ueew „ApedoJd IeuosJed„ SpJOM eyl •ApadoJd IeuosJed 'S002 '9 JegwenoN sI a6e6poW s!4; to a ;ep A;IJn;ew 8U1 •}ueweeJ6e Jo e;ou AJoss!woJd 04; Jo1 suopn ;sgns pue 'lo suopepposuoo 'lo s6uloueullaJ '10 suogeo1llpow 'lo suo!sue ;xe '10 s!emeuei 110 gl!M Jay ;a6o; 'Japual o} J01uBJO WOJ1 00'886`L£$ ;unowe ledloulad leu!Olao ay' u1 '0006 sz iogwa ;des pa;ep }ueweeiBe pIpaJO Jo e;ou AJOSS! uoid e4; SUB8W „e;oN„ pJom eql 910N •s ;ueu pus Apedoid !wowed 0410; 6upupal suo!s!nold IseJO ;u! A ;4n0es pue s}uewue!sse pe uopel!w!! ;noy;Im sepnpu! pue 'Japual pue Jo;uBJO ueem ;aq a6e6poW s!4# sueaw „e6e6poW„ pJom e41 •a6e6poW •e6e6IJOW s!y; Japun ee6e6pow ay; sI Japual 041 •su6!sse pue sJOSSeo0ns sp •a6e6poW s!Li; u! paranoid se s ;unowe Lions uo ;same }uI t ;!m Jay }a6o; 'e6e6poW still Japun JO UBJO 10 suope6!!go aoiolue o; Japual Aq pelmoul sasuedxe Jo Jolump 10 suope6pgo e6Jeyos!p of lepue Aq peouenpe Jo pepuedxe s ;unowe Aug pue eloN a141 Japun elgoAod ;swap! pus ied!ouud !le sueaw „ssaupe ;gapu!„ pJom 8 41 •ssaupe ;gapu) 'Apedoid !eaa ei} uo uol ;onJ ;suoo Jay ;o pue s ;ueweouldei 'suo!;!ppe 'se!;l!!oel 'ApedoJd !get{ ay; uo paxple SOwo4 9pgow 'sem ;on* }s 's6u!ppnq 's ;ueweno;dw! em;nl pue 6ups!xe IIe uope;!w!I ;notl!m sepnpw pug sueaw „sluewenoJdw!„ (Dom ail •sluewenOJdwl •ssaupe ;gepul 9g} 4I!m uopoauuoo u! sewed uopepoww0o0e pug 'sal ;e;ns 'slo ;ue;on6 ay; ;o IIe pus pee uope;!wp ma'am sepnloul PUB sueaw „JO;ueJen0„ Nom 941 J alumni nD •e6e6poW s!41 Jepun Jo6e6pow 911} s! JoluBJO •eolUewy ;o se ;e ;s pa;Iu fl 041 to Aeuow Inlmel u! s ;unowe ueew pegs s ;unowe Jepop o} seoualele; Ily •epoo IoIoJ9wwo0 w;ol!un ey; u! sw ;e; tons o; pe ;nqp ;le s6u!uoew 011; envy I1e4s a6e6poW sp.; ul paupap es!mJay }o }ou suuei •06e6poW sly; uI pasn ueym s6u!ueew 6u!mopo; ey} env4 pegs SpJOm 6 UIm 0 11 0 1 0 41 "SNOI1INI. a •s;ueH pue Apedo;d IeuosJed 8U1 u!;seJalul Apinoes epo0 lepJewwo3 WJOIIun g Japual o; S;u816 Jo ;uBJO'uol ;Ippe u! 'Apedoid 841 W014 weld pe pue Apedoid 04} 10 seseel pE o; pue uI ;seJe ;u! pug '811p ';116p S,JO;uBJO 1 110 Japual o; su6lsse AIuese;d J0IUBJO •0LL£8 AM `NO1LV `aV01:1 )1331410 A1da 990Z Se UMOU) AIuowwoo sI ssaJppe sI1 Jo ApadoJd Ieaa 941 ..V.. 31la3HOS 03H3V11V 33S „ApadoJd lean„ MD) 6UIWOAM 10 a }e }S `Altuno0 N1O3NI1 ul pamo1 's1e;;ew JBIIMS pue 10W1041086 'sg6 '1!0 'SIBJeu!w 110 uopel!wp lno4 ;lm Bu!pnpul 'Apedo;d !sei 041 0; 6upe!a1 s ;!lad pus'semsAo1 's ;y6p Jey ;o Ile pug :(s }48I1 uope6p1! 10 PUP gim sapppn 01 )I001S 6U!pnpu!) s 1464 404p pus seslnoOJe ;em 's ;yep Jelsm 'Ja ;em pe :seoueuepndde pug 'Aem to 9146p 's;uewesee I48 :semlx!1 pue sluaweno ;dw! 's6u!ppnq pexl }le Jo pa ;o8;e Apuenbesgns Jo Bups!xe pe g ;!M J9419601 'Apedoid lee; pagliosep Bu!mopol 0U1 o; pue u! ;swap pus 'ally ';q6I; animus to I18 Japual o; sAenuoo pue se6e61JOw Rom 'uope1ap ;suoo algen;en Jed •30V911:10141 d0 1NVHO „Japual se mow! paua4eJ) MN AM `uo1IV `0Z9L XO8 Od loans Uo36U14seM bit sI ssaippe 3SOLIM `HONVH8 NOiJV 1VNOIIVN 1S1d1d pus „Joiuea0„ se Molaq o; panels.) OLL£8 AM `NO.LdV `cvou X33113 A1:10 890Z s! ssaJppe asoyM A1N0 3Sf1 SA:130H033El HOd SI 3NI1 SIH13A09V 33VdS 4'c T 0 ~DVd v 1 113000 Y 7' IN )00 N.r 33Nr” (J/1r33 `•ONI `3131:IONOO SVINOH.L uaaMjaq 'OOOZ `8Z 1:138IN31d3S aava SI 30V0IUOW $IHl 'HONVHB NOldV IS3M NNV8 1VNOIIVN ISHId SUBOW „Japual„ PJOM 841 •Jepue1 3DVJlaow 886898 8 41 '°ONI'313H3NO3 SVWOHI sueaw „J01u810„ pJom agl •JOlueJO O °A1H3dOHd 3H1 dO 33NVN31NIVW aNV NOISS3SSOd 01.1e9 AM'uoIIV MI X09 Od 1aaJIS uoleulyseM ble 9 NO1dV 1S3M NNV9 IVNOIIVN ISHId :01 S33110N XVl ON3S 0LLe8 AM'uoi1V 0291 X09 Od pails uo; 4Le 0NVH9 NO1dV 1S3M ISHII :0111VW a3a1:10031:1 N3HM En Lee AM `uol1V OZ91. X08 Od malls uo03upisBM vie HONVH9 NO1dV 1SHId :A8 031S3f1O31:I N0I1V01:10331:I Loan No 0 6100960t I MORTGAGE 01 Page 2 (Continued) 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. EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this Mortgage, or if any action or proceeding is commenced that would materially affect Lender's interests in the Property, Lender on Grantor's behalf may, but shall not be required to, take any action that Lender deems appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy or (ii) the remaining term of the Note, or (c) be treated as a balloon payment which will be due and payable at the Note's maturity. This Mortgage also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had. ;nq 'Aew 'uou3do s ;I ;a 'Japual •sseupe }gepul ey; ;o A;uaman0 A11a 'lapun AHHge! Jo ;o A ;IPmIen ay; se;ndslp Jo seDloneJ Jo ';ualedwooul sawooeq JO sap Joluelane Rue Jo sseupa;gepul ay; jo Aue jo 10 }ueaen0 Aug o} }oedsei qum shoo° s;uan0 Bulpeoald ay; jo Auy •Jo ;uvrnn0 Bup3ajjy s1uen3 10 mou Bul ;slxa Jey;agM `lepton 01 Joluete ;o uol }e8ligo iegjo Jo ssaupe)gepul Aue 6ulujeouoo 3ueweeJ6B Aue uolIe ;1w11 }noy}Im 6ulpnfoul 'uleJeq) pepinoJd potted aoei6 Aue ulq ;lm pOlpawei jou s1;e4;Japuei pus Jo ;vale ueem ;8q;uawaaJBe Jeq o Aue ;o state) ay; Japun 1o)ueJO Aq yoealq Auy •3uaweaJ6y rem jo pima •Japuel 0; AJOIOe ;sl }es wlep ay} Jo; puoq A3ems a Jo senuesel saysluJn; pue wlalo tons ;o eol;ou u8IUm Japuei sen181olueiO )By; pepinOJd 'Bulpaeoowd em31ejaJoj Jo amsoloaioj ay; Jo slseq et; sI tow wlelo aq) ;o ssauelg8uoseei Jo A4pjan ay; o} se JoluaiO Aq elnds4P we; poo8 a jo luane eq; u! Aidd8 )OU Heys uol }oasgns so)) 'JOnemoH ApadoJd e34 Aua lsul8BB Aoua6e ue ;uewuJeno6 Aue Aq Jo Jo ;11819 jo Jo }Ipaao Aue Aq 'poq ;ew let ;o Aue Jo uolssessodel 'diaq— ;les'6ulpeeooid !upon( Aq Jay ;agm's6ulpeaooad em }lepoj JO a nsoloaio ;;o ;uaweouawwo0 •ola 'moped 'amsopeiod 'opals isuo38to JO Aq smel Aouanfosul Jo Ao)dnJmueq Aue aapun Bulpaeoold Aue jo IuawaOUaww00 eU4 JO ynoMJom ;open ;o adA) Aue 'sio }IpeJo ;o;3auaq ay} Joj ;uawu6lsse Aua' ApadoJd s,Jo}ueig ;o pad Aue Jo; 19nl83eJ a ;o luawIulodde ay} 'JolueiO jo Aoueniosul eyi 'sseulsng 6uio6 B SE aoua;slxa vowels ;o uol ;euiwie; Jo uognlosslp 041 •A3uaniosu) •wosBeJ Aue 1o; pus sum Awl ;17 (ua11 JO ;swap A;unoas pa ;Oeped pue plien a a}eaJo o; s;uewnoop IBJel8Hoo Aue ;o emus; Bulpnioul) }Dane putt 9010; Hn; ul aq o; SasB90 s;uawnooa pe)elea ay; jo Aue JO 8688;J01A1 s141 •uogezlI2Jalapo3 anil3a ;aa •pagslwn; JO spew ew3 NI iv Jo mou Jayga ';oadsai 1 ;ew Aue ui Bulpealsiw Jo esls) Si s;uawnooa pe ;eie ay} Jo 9;oN ay; 'e6B6po j sly; Japun Joluemp jo ;0e4eq uo Jo Aq Japual o; paysluJn; 10 apew ;uewaluis 10 uol }e ;uesaJdai 'AjUBJJ8m Auy •s;uawale►S esied 's}uewnooa pelale> ay; jo Aue ul Jo ejoN e4j'a6s6 ;Jolty sly} 111 peu!Eluoo uo3lpuoO JO }ueuanO°'uo3eB11go Jew Aue 44m Aidwoo o; mime Jo einI8d 'pupa a3uepdwo3 'well Aue jo GBmttoowlp ;ow o} Jo jo 6ull! ;uaneid o; AJesseOau }uawAed Jay ;o Aue JO '9OUBJnsul 10 sax8} JO; ;uewced Aue e>1ew o; a6e6poW sly} Aq peilnbal awl; ay} my;IM Jo;u8J0 jo emlled •sluawAed Jat ;o uo ;inejaa •ssaupe}gapui ay; uo enp uegm ;uawAed Aue emew of Jo ;usis jo smiled •s'saupalgapui uo 3ingjaa :a6e6 ;JoW sly; Japun („08)00 jo;uen3 line ;ep }o }uane ue e;n31;suoO Heys'Japual ;o uoI }do ay; le'6u!mo11o3 et; }o 4383 •linvA3a •ew3 0; ow!) wit; Japuei Aq peulwJa ;ap se eel uoIeu!WJal elgeuoseal Aue 'mei elquolldde Aq pal ;iwted j1 'Aed HIm JolumJO •ApadoJd IauosJad ey3 pus sue ay} ul 39eJa ;ul A ;IJnoes s,Jepue Bulouepina ell; uo }uewale }s Bul0ueu3 Aue 3o uoIeulwa; jo sluewelels Biqmlns pus e6tt6po j s14; 30 UO308391389 aigallns a Jo ;umJO o; Jenuep pub alnoexe Heys Japue 'a8e6poW sly; Japun lowois uodn pesodwl suol ;s 9 41 Its stumped eslmiaylo pus 'anp ueym ssaupe)gepuf et) 11E sAed J03U8J9 ;1 '33NVWHOdH d llfld •ydeJBeJed Bu ay; ul o; pace ei sienew ay; ysildw000s o; uoluldo BIOS s,lepuel u4 'algajlsep Jo AJesseoeu eq Aaw s8 s6uly; 183410 He 6ulop pue '6ulpJooeJ 'BuH3 'Buuenliep 'Bulinoexa 'Buplow ;o esodind all 101 lost— ul— AeuJone s,Jo}ueJO se Japuei slulodde AlgeooneJJ! Agaiay Jolumo 'sasodmd tons Job 'asuadxe s,Jolums pa pus Jo }uato ;o eweu 843 ul pus Jo; os op Aaw Japuel 'ydeJBeJed BuipeoaJd eq; ul o; peiia ;e1 s6ulyl ay; ;o Aue op o; Rs; J03UBJO 11 'pad ul Aaujo;ly •0818818d sly; ul o; pa11elei sJe ;3ttw ay; gum uppeuuoo uI peunoui sesuedxe pus s }soo 118 Jo; Jepuei esmgwleJ Heys Jo3us10 'Bun ;um uu Jepuel Aq AJel ;uoo e4; 0; paaJ68 Jo me! Aq pe ;Igllold sselu f •Jo;u8J0 Aq pallnboe Je 1180104 .10 paumo mou J843811m 'ApadoJd 843 uo sue!! Jo!Jd pus pig s8 a8e6poW 5143 Aq pe ;sal° s }sale ;ul Alunoes pue sue!! eq) (q) pue 's3u9wn3oa pa ;al% 843 pue '08e6poW sly; 'e;oN 843 Japun 103348,0 ;o suol ;eBligo ay; (e) enlasejd Jo 'enu3uoO ;oapad 'e ;eldwoo 'e ;en ;oana o; Japuo u! algeJlsap Jo AJesseoeu aq 'nom 30 uoluldo egos ay; uI 'Aew ss spuawnOOp Jay ;o pue 'se3e0HIpe0 'eoueinsse Je4pn3 30 sluewnJ;sul 's ;uewe ;83s uollBnu3uoo 's ;uewele ;s Buloueul) 's)ueweeJ68 Almon 'speep Alpnoes Ism) ;o speep 'se8e6pow tons lie pue Aue `e;audoldde weep Aew Japuei s8 seosld pue seog o tons ul pue sawn tons ;e 'eq Aaw eseo ay3 se 'pepJooeJeJ Jo 'pe1138J 'pepioOaJ 'pa13 eq o; asneo 'Japuai Aq pe ;senbal ueym pus 'aeuBisep s,Jepual o; Jo Japuel 0; 'peWanlfap Jo p03n0axa 'apew eq op esnoo Hum Jo 'JanHep pue a ;noexe 'am8w Hlm Jo;u810 'lepue 30 }sanbei uodn 'ewi; 01 ewH W0J3 pue 'awl; Aue 3y •sa3ueinssy Jet ;Jnd •e886 }JoW sly; 30 pad 8 818 ;0e;— ul— Aewo3le pus seouemsss Jegpnl 0; Bum }ale: suolslnoJd &3W1()) 8 41 '13Vd— NI A3NUO11V !S33NVaf1SSV d3HiHfld •e686po j Sl43 30 e6ed }s 84} uo pa ;e ;s se 818 '(epo0 lBu0Jawwo3 WJO3lun ay} Aq pellnbei se 4000) peule;go eq Aew a8e6poW son Aq pe ;uoi6 3sOJ8 ;u1 A31nOas 043 BUIUJ8000O uo13ewJO3u1 to14m WOJ3 '(Aped pemoes) Jepue1 pus (Jo ;gep) Jo3U8J0 30 sessaJppa Bulilew a41 •sessaJppy •Japuel woJ; puawep uelipm 30 ;dleoei Jane sAsp (c) e0J34} u1411M JapUel 03 efg8llen8 H (Dim pue Jepuel pus Jo311eJ0 01;u8luenuoO Augeuos8BJ amid 8 3e pue MUM 8 ul ApadoJd ieuosJed 843 elgwesse 11e4s Jolual0 'Ilne ;ep uodll Isamu! *noes sl); Buln113uoo Jo 6ul ;oapad ul paJm0u1 sesuedxe 118 103 Japue1 esingwlei 11e4s Jo;u8J0 •puewap839 Bul0ueul; a s8 e6o6poW sl4; to suo!onpoJdeJ Jo seidoO 's(J8dJa;unoO pe ;noexa au3 '1o;u8J0 W0J; UO38ZU043na Jegpn3 ;noy;Im pus awl} he ;e 'ABW Japua1 `spJO39J ApadoJd leaf 843 ul e6s6poW s!4l BuupJo3eJ 03 uou;Ipps 111 •ApadoJd lauosied pue s ;uald 843 it! ;smite A;unoes s,Japue anuHuoO pue ;oapad 01 Jepue1 Aq pe ;senbei sl UO30s imp Jana }8ym axe; pus S3Uaw8;8 ;s 6u10ueu1j 83/100x8 flays Jolu8JO 'Japual Aq }sanbaJ uodll •;sale ;ul A ;imoeS 'awl; 03 am) wo1; papuaw8 se epop 18I010wwo3 WJO ;1ul 843 Japun Aped pam0as 8 30 s;y6u 043 ;0 11s 8/184 1184s JapUal pub 'ApadoJd !mowed Ja43o Jo saln }xl; se ;n ;llsuoo ApadoJd 043 30 Aue ;ua;xe 843 0; luawa8J68 A ;un0es a e3n11;suoO Heys ;uawnl ;su! SI41 'lueweei6y A •e6e8 }JoW sly} 30 lied 8 018 3uawa8J68 A3IJnOes a se 86sOpoV 5143 03 6111 ;e1eJ suolslnoJd (*mop) 0U1 'SIN9W31V1S ONIONVNII aN31N33HOV AlIdf133S •Japu9103 A10 08391389 *noes .19430 10 puoq Aims a ;eiodioo ;uel0lnns B 10 498o Japuel 431m s}lsodep pue uo3089 suer pue 98x81 043 uu anoge pepinoid se x83 ay; s ;se ;UOO (q) Jo ;uenbuluap sawooaq 11 eJO3eq x83 a43 scud (e) Jay ;la 10 }11810 ssafun mofaq pepinoid se ;lna ;ea ;o ;uan3 tie 10; selpewei efgell8no sal ;o 110 Jo Aue esiOJexe Aew 1epual pue '(mofaq peul ;ep se) memo 30 iuen3 us se 308339 ewes eq; 8/184 days wane 5141 '86863J01/4 sly) ;o 830p 843 0; }uenbesgns pe ;oeue sl seHdde uol3oas sly; 4011m 03 x83 Aue 31 *semi ;uanbasgns •10 ;ue10 Aq apew ;swam pub ledl0uud 30 s;uewcsd uo Jo ssaupe ;gapul 043 ;o uppod Aue 10 11e uo x83 OI ;wwads 8 (p) pus :010N 943 10 18puo4 eq; Jo Japuei 84; ;sule6e elgee61ago eBe6poW 3o edA; 8143 uo x83 E (o) :88e6poW 30 edA; 9141 Aq pemoes sseupa}gepui 843 uo s3uewAed woJ; ;onpep 0; peJlnbeJ Jo pezuoylne Si 1o3u819 LOlym 103U010 uo x83 OI;IOads a (q) :08e6poW Sty) Aq peinoes sseupelgapuf 843 ;o pad Aug Jo He uodn Jo eBe6poW 30 edA; 914; uodn xe; °;beds a (e) :saidde wipes sly; 4034M 03 sexe3 e3n ;Iisuo0 11B4s Bulmo3o; 841 •saxel •eBe6poW sit)) BU118351691 10 Bulpione, Jo; 986.1840 18430 pue 'sdwe }s AJe}uawnOop 'see) 'sexes 11e u ;1w!u ;not ;Im Bulpnloul '08e6poW 9141 Bulnu3uoo Jo Bu30a3Jad '6ulpJooeJ ul p91m3u1 sesuedxe 11B gum Ja430603 'mofaq pegposep 98 'Saxe; 118 10; Japual esingwlel Heys 101U819 •ApadoJd Ie88 841 uo uaH s,Japue enuRuoO putt }oapad o; JapUe Aq pe ;senbeJ sl 110133E 10430 18n83e4M 8)83 pue eBe6poW so); 0) uolllppe Ul sluawn3op tons 03/100x0 Keys Jo}ua1O '19pual Aq ;sanbaJ uodn •s96Je113 pus seed 'semi 3uaJJn3 :0e6 s143 30 pod a BA 9961040 pub 9993 'saxa; le ;uewweno6 03 6uioueJ suolslnoJd Buimopo; e6ed 9T© NIP 8 41 'S311IUGH1f1V 1V1N3WNa3A00 A9 S30UVH3 GNV S333 `S3XV1 30 NOIIISOdWI •uol ;edl3lp8d tons ;lwled 03 ew1) 0; awl; W013 Aq pe ;senbei eq Aew se s ;uewn1;sul tons Japuei 03 p81an11ep eq o; asneo 10 JanHep tom 1o3u810 pue '001040 umo s ;l ;o lesuno0 Aq BulpaeooJd 043 u4 pe ;ueseldej eq o; pub BulpaeooJd ayl ul a ;edlolped 03 Pa31;ua eq 11049 Japual lnq 'Bulpee3o1d tons ul Aped IBUIWOU 043 eq Aew 10311010 'promo 843 ule ;go pus uoH3e 943 puejep o; Alesseoeu eq Aew se sde ;s tons ai183 Ai ;dwojd Hays 1o3Ue10 pub 'Wpm ul Jepuei A3Hou A3dwold Heys Jolu810 'pall; 51 uo30Uwapuo0 Li! BulpaeooJd Aue 31 s6uipasooJd •uoleuwapuo3 ay; qum U0133aUUo3 Ul Japuei Aq paJmOUI seal sAewo338 pus 'sasuadxa 's ;soo elgeuoseaJ 11 3 ;uawAed lace pJeme 043 Ueaw 11eys pJeme 043 30 spee3o1d 10U 041 ApadoJd 043 10 UOI;EJOISOJ JO 11edel 843 10 sseupelgepuf ay) 0; pelidde eq pJeme 043 jo speeoold IOU ay; 30 uolpod Aue 10 He 3843 aJlnbeJ UO330039 S11 18 Aew J0pual 'uol3euwapuoo ;o nall 11 eseyolnd Jo Bulpeeooid Aug Aq Jo s6uipoeoold ulawop lueulwe Aq peuwepw03 sl ApadoJd 834; ;o pod Aua 10 Ha ;I 'spea3o.d 39N 10 uo1 ;83,Iddy •88e6poW 514130 pad 8 aJe ApadoJd 943 30 uo30uwepuo0 01 6ul ;slaw suolslnoJd Bul/noHo; 041 'NOI1VNW3aN0O •saR!Joylne le ;uewwanoB ;o suol ;ejn6a1 pua'seououlplo 'smsi elg03ludda 6u;slxe p8 431m selldwoo ApadoJd ay; jo esn wimp pus ApadoJd 943 3843 sIUOJJ8m 103U810 'sM91 guM OOuepdwo3 •u0Hedlolped tons ;IwJad 03 0w1; 0; awl; W013 ;sanbaJ Aew Japual se s }uawnJ ;Sul tons Jepual 03 'palenllap eq 03 asne3 Jo 'JanHep 01M Jo }U810 pue '831oy3 umo s,Japuel 3o lasuno0 Aq Bulpeeooid 043 ul pe ;uesaidej aq o; pus 6ulpeeoold 9U3 111 a ;odlol ;Jed 01 pal;3ua eq Heys Jepuel ;nq '13ulpea0oid tons ul Aped laulwou 043 eq Aew Jo;ue10 •asuadxe s,1o4UeJ0 18 tope 0U1 pue;ep Heys Jo }uBJO 'e6e6poW sly} Japun J8pU8 30 3S0193111 043 Jo ell; s,JO3u8J0 suoisenb 3043 peouawwoO sf Buipea3old Jo uo308 he wane 0U3 111 •suosiad He 30 stump in3M 043 ;sule6e ApadoJd 04; 01 all 04; pua3ap 10/1810; IHm pue SIUOJJem 1041010 'enoga ydeJBeJed a43 ul uo;deoxe 943 03 13elgns •al ;ll jo esu93aa •Jepuel 01 eBe6poW sly; JanHep pus 8;/100x0 03 A}uoy ;ne pue 'lemod'34 Inn; 043 984 10311810 (q) pu8'e6B6pon so)) ypm uolioeuuoo 11319pual 'Aq pe}da33e pue 'Jo Jon83 uI penes! uoluldo 8 3!; !Bug 10 'poda, 9143 'Aollod eoueinsuu 8B13 cue ul JO uogdposap ApadoJd 18e ay; ul 4p0; 309 96043 11843 10430 saOuBJgwnoua pus sue!! He ;o Jeep pus 8913 'eudwis 803 ul Apedold 843 01 atom ;0 8A3 9uge }a)3Jaw pus pooh spot) 1o3u810 (e) :304; S3U8JJ8m 1041e10 '91111 •e13e6poW 54341 jo pod a 818 Apedold 843 10 dlysleumo o; 6u;oiaJ suolslnoJd Bulmollo3 all '31111 d0 3SN3d3a !AiNV!1HVM (penunuo9) L09600L9 ON ueoi 3DAM .11-9Z-60 09 -28 -2000 08C8983 MORTGAGE Loan No 61009607 (Continued) 0.1 v Page 4 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 Properly. 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, shall 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. Alt 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 operating income" shall mean all cash receipts from the Property Tess all cash expenditures made in connection with the operation of the Property. Applicable Law. This Mortgage has been delivered to Lender and accepted by Lender In the State of Wyoming. This Mortgage shall be governed by and construed in accordance with the laws of the State of Wyoming. Caption Headings. Caption headings in this Mortgage are for convenience purposes only and are not to be used to interpret or define the provisions of this Mortgage. Merger. There shall be no merger of the interest or estate created by this Mortgage with any other interest or estate in the Property at any time held by or for the benefit of Lender in any capacity, without the written consent of Lender. Multiple Parties; Corporate Authority. All obligations of Grantor under this Mortgage shall be joint and several, and all references to Grantor shall mean each and every Grantor. This means that each of the persons signing below is responsible for all obligations in this Mortgage. Severability. If a court of competent jurisdiction finds any provision of this Mortgage to be Invalid or unenforceable as to any person or circumstance, such finding shall not render that provision invalid or unenforceable as to any other persons or circumstances. If feasible, any such offending provision shall be deemed to be modified to be within the limits of enforceability or validity; however, if the offending provision cannot be so modified, it shall be stricken and all other provisions of this Mortgage in all other respects shall remain valid and enforceable. Successors and Assigns. Subject to the limitations stated In thk Mortgage on transfer of Grantor's interest, this Mort all be binding upon 9 abed INTNOOSWOHI g9Z'ed g9t'Ed COD s1461i py 'ou1'saoIA _"9- Buipiseu VOOl '61 tiRnuel se�i uolsslwuo3 BUIWOAM 10 A)6)$ 3119(id /MON S3103111390 1N31A10031MONM3V 31VHOdHOO AIdV131d33S `SVWOH1 O1YH3D :Ae (panui}uo3) 30VD. Sold Id0 0003 (0) LET %um ''i10 'W'1 'P led S 111301=1 'Okid 1:13SV I sa.ildxa uoisslwwoo AIN /v( jo ais1S aut .ion p ul o nd Aae;oN Ag •uoi iodioo ey ;o;laya•'o •liow ey) pelnoexe los; ui pue e8v6pow sly; a ;noaxe o; pezuoy ;ne em Aey; ism pelvis y;vo uo pus 'peuolluew ulaJeyl sesodind pus sesn ey; Jo; 'sio;oailp ;o pieoq s ;o uo!lnlosai Aq JO sMelAg s)! o Aluoylne Aq 'uolleiodioo eyl ;o peep pus loe Aie union pus eeg; ay; eq 0; e6e6)Jow ay; pa6paIMOmIOB pus e6s6pow ay; pa ;noexe ;ey; uolisaodJoo ay ;o slues pazuoy)ne eq o; aw of uMoum pus '•ONI `313e3NO3 SVWOH. to Alid13E103S WOHJ a1V830 pug !1N30IS31:Id `SVWOH1 N3MO parsadds AHeuosied 'oignd tie ;oN peuelsiepun ay; '0w mpg pa OZ i d ;o Asp ___4( sly; u af f- /Vff 2/11 AO AIN(103 SS( /1/1 1,4 "/2/C d0 31V1S 1N3 S3lld'SVWOH1 N3MO ?o- 'Ag 3N1 `313id3NO3 SVWOHI 1101NVM9 'SWd31 Sl1 01 S33H9V HO1NVii9 aNV '3OVJ1HOW SIHl AO SNOISIAOIId 31-1.1. 11V aV311 ONIAVH S30031MONN3V 1d01NVU •peilnbai s) ;uesuoo yons eJeyM seouelsul luenbesgns o; ;uesuoo Bulnul ;uoo elnlllsuoo )ou !lays aouslsul Aue u! iepuel Aq uesuoo yons ;o Bul;uej6 ey; 'e6e6;iow sly; ul peilnbei sl iepuel Aq ;uesuoo ianeueq •suolloesueJ) min; Aue o) Se suolleBligo s,Joluei0 ;o Aue Jo 5;0p s,Japuel ;o Aue ;o JenleM a e ;nil ;suoo Heys 'Jolueme pus aepual ueeM ;eq °wisep ;o esinoo Aus you 'Jepuel Aq JenIBM Loud oN •uo!slnoad iay)o Aue JO uols!noJd lay) y)IM eoueHdwoo louts puewep 0; es(MJeq)o 41611 S,AUsd ey; eolpnfaid Jo ;o )OAISM a e ;n ;l ;suoo )ou Heys e6e6 ;pow sly; ;o uolslnoad a p A}Jed Aue Aq JenlsM V 11.16u Bey ;o Aus 10 ;OP yons JanleM a se alepedo Heys ;y6u Aue Bulsloiexe u! aepual ;o psd ey; uo uolsslwo 10 Aelep oN •Japual Aq peels pus Bu);IM ul s! Je BM yons sselun (s ;uewnooa paleleu ay; Japun Jo) e6e6pow sly; iepun s ;y6u Aue pen!eM envy o; peweep eq ;ou Heys iepual •s ;uasuoa pug sJaAieM •e6e6pow sly; Aq painoes sseupalgapul Ile o) se BulwoAM ;o ems ey; ;o SMeI uol ;dwexe pea ;sewoy NI ;o s)I ;aueq pus 51461a Its san)OM pus sOSeeIeJ Agway 1o)us19 •uol;dwax3 pva ;sewoH ;o JaA ;eM •e6s6pow sly eouewio}ied ey; u! aouesse ey; ;o s) ew;1 •aouass3 ay ;o s; awl; •sseupe)gepul ey; Japun Aims!' JO e6e6pow sly) ;o suogeBHgo ay; woe; Jo)us1O BulsealeJ ;noy ;IM uolsue;xe Jo eousieegao; 0 ABM Aq sseupe ;gepul ay; pus e6e6pow sly; o; eOueJejeJ y ;IM =swoons S,1olue1O y)!M leap Amu '10 ;u010 0; eollou lnoy)IM 'aepual jo ;uejO uey) aay)o uosied a u! pe ;sen sewooeq Apado.id ey ;o dlysaauMo ;I •su6)sse pus siosseoons alay)'se!psd ay; ;o ;I ;eueq ey) o} amid pus L096001.9 oN ueon gill 82-60 SCHEDULE A 0 2 1 A portion of the NW1 /4NE1 /4 of Section 23 T34N, R119W, 6th P.M., Thayne, Lincoln County, Wyoming, more particularly described as follows: Beginning at a point which is S °17 01'47 "E, 958.87 feet, thence S89° 00'12 "E, 247.5 feet from the N1 /4 Corner of Section 23, T34N, R119W, 6th P.M., Wyoming (said beginning point also being on the South boundary line of a 2.000 acre tract of land described in a Warranty Deed dated the 30th day of June, 1982, given by Christine E. Roberts (aka Christine Roberts), a single woman, grantor, to Frank B. Borden and Kittie L. Borden, husband and wife, by the entireties, grantees, and being S89° 00'12 "E, 247.5 feet from the Southwest Corner thereof, said Southwest Corner of said 2.000 acre tract being marked by an iron pipe set at the intersection of a North -South fence line with a fence line running East), and running thence N0° 01'18 "E, 176 feet (to the North boundary line of said 2.000 acre tract of land), thence S °89 00'12 "E, parallel with said fence line running East, 247.5 feet, to a corner marked by a set iron pipe, thence SO° 01'18 "W, 176 feet, to a corner marked by a set iron pipe, thence N89° 00'12 "W, 247.5 feet, more or less, to the point of beginning. (the 1.000 acre tract being conveyed hereby to the Continued on next page abed gxau uo panuiquoa gapaq ;pg. go .Zauaop 4spagfaON age oq 'ssaT ao aaow 'ga 5'LVZ 'MuZT,00 o68N aouegq buzuuna pup (6uTwoAm ''W'd 11;9 'M6TTH 'NT7EI '£Z uoTJaas go aauaop T7/TN auk woag gaag 9LT 'Su8T,T0 o0N aouagq 'Jaaj 5'Lf7Z 'ElIZT,00 068S aouagq ;aa L8'8S6 'HilLfii,TO °LIS buzaq aauaoo gsaMggaoN pips) uzaaag aaqupab alp o; Jgaaag parianuoo buzaq ;opa; aaoe 000'T age go aauaop ;saMugaoN agq qp 6uzuuz6ag :smoITO; se pagzaosap iiTaeTnoTgaed aaow buzaq A2M JO ggbza apzm qoo; o£ pies go au Aappunoq ugaoN aq; 'ligaaag paliaAuoo buzaq pupT go gopaq saaop 000 °T auq go auzT Aappunoq ;sem aid.; o; (£Z uoz ;oaS pzes Jo V/TENt/TMN 91 -1q Jo auzT Sappunoq qsaM age woag gspg aaa; £9T 1iTagpwtxoadde pup 'Z86T '£Z aagwanoN pagpp paaQ i4ueaapM uoTgoaaaop pips 'q spup( auq Aq suapaog age o; palianuoo pupT go qoeaq Jegq go auzT Iiappunoq ;sem auq buzaq pua gspg pips) ApM go pu6za apzm coo; 05 pauozquawaao ;p au4 go pua gspg agq woa; Agaadoad ,saoqupa6 go qaa; OE ggaoN auk 6uoTp pue 'ssoaoe 'aano buzaq ripM 3o agbza pies 'wain Jq papaau pawaap SP 'APM go 1g6za apzm qoo; OE pips buoTp sauTT IiTTTzgn punoabaapun patanq TTpgsuz pup 'Apmppoa p utpWtew pup ;onagsuoo oq 'su6zssp pup saossaoons 'satau .ztagq pup 'sao ;upa6 agq ggTM paapgs aq oq 'gg6za aqq gpTM aaggaboq '(6uto6aao3 au; ut pagtaosap APM Jo gg6za apzm goog 05 ag; eTA) 68 A8Mu6ZH 'S "fl eqq woa; pup o: ssaa6a pup 'ssaabuz ao; 'subTsse pup 'saossaoons 'sazau aTagq pup 'saoqupab auq ggTM paapgs aq oq quawaspa ripM- 3o -qu5Ta apzm qoo; 0E Tpngad.ad p 'subzssp pup saossaoons syT pup 'uzaaag aalupa6 8g'4 oWn buT upa6 osTp puy 'autTaaquao pips go apes gopa gaag 5Z butpuagxa pup '3opaq uapaog pips go auTT Aappunoq gsaM p oq 'ssaT ao aaow 'qaa; E9T gspg aouagq 6utuuna pup '(Z86T '£Z aagwanoN pep paaQ IiqupaapM uotgoaaaop p Jq 'xn ;a 'uapaog •g Nuead oq 'xn ca 'pupa 'H saTapgp Aq paAanuoo ;oeaq p go aauaop ;samunnos ag; go q ;aoN ;Gag Z9T buzaq quzod butuut6aq paps) bu1woAm W' d T419 'M6TT2E 'NT7£,L £Z uotwa9 go aauaoo v /TN agq 3o Innos qaa; S'£SL sT uozgM quzod e Dp 6UTUUT6ag :sMOTTo; sp pagtaosap ATapTno aaow st auTTaaquao asogm pupT go drags apzm qoo; 05 e 6u0Tp pup 'ssoaop 'aano 'papaau pawaap sp 'k8M 3o 4g6Ta pips 6uoTp Apmppoa e UTeWzew pup anoadwt oq 'su6zssp pup saossaoons 's./Tag 'saossaoapaad aTauf pup saoqupab auk ggtm paapgs aq oq ,gbta auq glTM aaggabol '68 APmq6TH 'S 'fl age woa; pup 0 ssaaba pup ssaabut aog 'suBTssp pup 'saossaoons 'saTag atagq pup 'gsaaaquz uz saossaoapaad ,saoqupab pup saoqupa6 agq glTM paapgs aq oq 'quawaspa ApM- ;o -qu6Ta apzm qoo; 05 Tpngadaad p 'subzssp pup saossaoons sqz pup 'utaaaq aaqup.1b auq oqun 6uzquea6 aaggan; Agaaaq puy (2861 'aunt go Rep gq.OE uo 'uewoM eTbuts e 'sgaagoH 'g auTgszagp Aq 'agTm pup pupgsnq 'uepaog •Z azggtx pup uepaog 'g xupad o; paAanuoo qopaq aaop 000'Z gsgq 3o Z /TS auk buzaq uTaaau aaqupa6 NO £S6£TO£0 :oN 0TT,3 :•oN ;uaw;TwwoD panuz ;uoa V g'If1QgHDS 0044/ uaiod A Y WgOD 3DNvansNI 31L1,101\1111 HIMIANOWINOD NIB tmeemuoww Ay, n LAND t \iMH1UG\ cunm.t\r 0l_I Co V9S3 COMMONWEALTH LAND TITLE INSURANCE COMPANY Fom 4100 SCHEDULE A continued Commitment No.: File No: 03013953 X 25 of land conveyed by the Danas to the Bordens in that Correction Warranty Deed dated November 23, 1982, and continuing Westerly, along the North boundary line of said Borden property, 113 feet, more or less, to the Northwest Corner thereof, and extending 30 feet South of said North boundary lines. -3-