HomeMy WebLinkAbout869121Aq pe6pelmoujoe pue o; pesoloslp RisnolnaJd se }deox3 (o) pue :sJe}}ew yons o} Bu1#elei uosied Rue Aq pu1>1 Rua ;o Swielo Jo uo11a61 1I1 peue;eely;
Jo renpe Rue (ri) Jo Rpedoid ey; to sluedn000 10 SJOUMO loud Aug Aq ApedoJd ey} woi; Jo Inoge 'Japun 'uo eoue ;sgns Jo a }seM snopJezey
Rue ;o eseeleJ peue;eely; Jo 'neap 'Iesodslp }uew }eel} '06e10 }s 'eJnloe;nuaw 'uoi eue 'esn Rua (I) '6u1 ;IJM u1 Jepuei Aq pa6peIMowloe pue
o; pesoloslp RlsnolnaJd se ;deoxe 'uaaq say away; ;ey; enei eq o} uosaei Jo ;o OBpeiMOUM ou say 10}111310 (q) :A}JadoJd ey} woil Jo }nogg 'Japun
'uo uosJed Rue Aq eoue }sgns Jo a ;seM snopJezey RUB asealaJ peuelea1y; Jo asealaJ 'Iesodsip }uow}ea11 'e6elo ;s `emloelnuew 'uoileJeue6 'esn
ou ueeq set; eJey;'ANedoJd ey; ;o d14sieuMo s,Jolueio;o polled ay; 6u1Jno (e) :pay} Jepuel o; SIUe1J13M pue s}ueseldei JolueJO •solsegse pue
;oeiey; not }0131; Rum Jo s ;onpoid -Aq wneIoJ ;ed pue wneloi}ed 'uoi ;e4Iw11 }noyl!M 'epnloul osle Bays „eoue ;sqns snopJezey„ pus „e ;sem snopJezey„
swJe} eyl •6u1o6eJo; ey; ;o Rue o; ;uensind pa ;dope suoHelnBaJ Jo 'saint 'smei moped Jo ems elquo1ldde Jeq;o Jo “bas la 'L069 uolpoeS
'O'S•n Z4 'lob' AJanooed pue uoi 8Mesuo3 eonosad ey; '°bes ;e 108E uolioeS •O•S °fl 6b '}oy uoilepiodsueil slepa}mIN snopJ13zeH ayi „VdVS,)
66b 'oN '1 'qnd '996L }o po' uotpezpoylneed pue spuewpuewV pun;Jedns ey} „VlOd30 •bas le 'L096 uoi }oeS 'O'S'n Z4 'pepuewe
se '0861. ;o poV AIII!gen pue 'uoipasuedwo0 'esuodseH Ie;uewuoJ!nu3 en!sueyaJdwoo ey; u1 ypo; }es se s0ulusew awes ey; BAN is `e6e6pool
sly} uI pesn se eseeleJ peue}eelyl„ pue asealaJ„ Iesodslp„ e3u13}sgns snopJezey„ „'elseM snopJezey„ awe; eyl •seouepsgn9 snoprezeH
•enren s }r enleseid o; AJRsseoeu
eoueuelulew pue 's}ueweo13idei 'siledeJ lie wio ;Jed AI }dwoid pus uo11!puoo elge}ueue; u1 ApedoJd ey; ule;ulew Heys 101u810 •ulepulepN op Ana
•Rpedoid SLR woJ; s }uad
ey; Ioe11oo. pus A}JedoJd ey; e6muew pus a BJedo pue ;o 10.4U00 pue uolssassod ul ulewoi Amu Plume }InB;ap u! purl 'earl pue uolssassod
:suolslnoJd 6uIMoHo;
ay} Aq peuJeno6 eq Heys AlJedoJd eyl;o esn pue uolssassod S,10 ;ueiO ;ey; seeiBe Jo;uai
•e6e6pow s14; Japun suo11e6Hgo s,JolueJO;o Ha wmo ;Jed AI ;Op }s Heys pue'enp ewooeq Rey; se
e6e6pow s14; Aq peinoes s ;unowm lie Jepuel o} Arid days Joluei j 'a6136poinl s!y} u1 pepinoid eslnvaypo se 1daox3 '33NVWUOJH d ONV 1N3WAVd
:SWH31 DNIMO1IOd 3H1 NO a31d3oov aNV N3AID SI 3OVD1UO14/ SIHJ 'SIN3Wfl300 031V13113H1 ONV 30V01HOIN
SIH1 HaaNfl a01NV1M JO SNOIIV0I190 IIV JO 33NVWdOJd3d (Z) ONV SS3Na31930N1 3H1 dO IN3WAVd (L) 31:1f133S OI N3AI0
SI `All13dO1:1d 1VNOSll3d aNV SLN3b1 3H1 NI 1S31:131N1 A11dn03S 3H1 aNV SIN3d dO 1N31NNDISSV 31Hi ON10fl1ONI `3OVOidOW SIHJ
•Apedoid
ey} woi; peRpep s}I;eueq Jey }o pue 's1l ;old 'sallieRoJ 'senssl 'ewooul 'sanueReJ 'qua' einln; pue ;uesoid Ile sueaw „s}ueH„ pJOM eyl spuad
•sseupa}gepui ey; y}Im uofoeuuoo u1 pe ;noexe 6u11s!xe J94139194 Jo Mou Jay}ayM's ;uawnoop
pue slueweeJ6e 's ;uewnJ ;su! Jey }o He pue 'pm; to speep `se6e6 }low 's}ueweel6e A;iinoes 'sellueJen6 's}ueweeJ6e oluewuoJlnue 's}ueweel8e
um! 's;ueweeJ6e ;pen 'se ;ou AJOSSIwOJd Ile U01 1e ;Iw11 Inoywn epnloul pue ueew „sluewnooa peeled„ spJOM eyl •sivawnooa paWlad
•uolpes „e6sBIJoIN to IueJO„ ey; u! enoga pegiiosep s;yBp pue s;saleul 'R }Jedold ey} ueew „Apedoid lee& sworn eyl •Apedoid !eau
•RpedoJd IeuosJed eyl pue Apedoid 1Bed ay} AIeAnoerloo sueaw „ApedoJd„ pJOm eyl •A1ladojd
°Apedad ey; to uoi ;fsodsip Jeylo Jo elm Aum woi; (swrnw9Jd
;o spunlei pue speeoad eOUeJnsu! Ile uolleyw11 ;noyl!M 6ulpnroul) spaaoold He y ;IM Jeyleeo; pue '.Apjedad yons to Rue 'JO; suol ;nli }sgns HB pue
';o s;ueweoeidei IIe 'o; suo! ;ipps pus 'sped 'suolsseooe lie y }IM Jayle6ol :A }JadoJd read ey; o; pexll;e Jo peyos }pa Jel;aelay Jo Mou pus 'JolueJO Aq
peuMO Jell13eley Jo Mou Apedoid Imuosiod ;o seplue Jeylo pue 'sempxl; `luewdlnbe He ueew „/}Jedold IeuosJed„ spJOM eyl A ;JadoJd IeuosJed
•LOOZ'L JegwenoN s! e6e6}Joot s14p;O amp Alpn }ew eyl ;ueweeJ6e 10 e;ou RJossiwoJd ey; 101 suoi ;n ;Hsgns
pue 'lo Suolpepllosuoo ';o s8upueul;eJ ;o Suoileo1ppow ';o suolsuapx9 'lo SIBM9UOJ Ile y ;IM Jayle6o; 'Jepu91 op 101111310 woJl 00'1.60`01°$
;o lunowe ledloulad Ieu161J0 ayi ul 'OOOZ '8Z Jeqweides Pop lueweeJ6e lipalo JO a ;ou AJOSS!woJd eq; sueaw „e;oN„ prom eyl •apoN
°slued pue R ;Jedold IeuosJed ey} 01 BuI 1e1aJ SUO!SIAOJd 1SeJelul
A ;}noes pue s}uewu6lssm Ha uo111311wii Inoy}!m sepnpul pue 'Japuel pue 10 ;uaio uee ;eq e6ebpoo; s141 sueaw „e6s6pool„ pJOM ayi •a6e6poW
•e6e6pon sly; Japun
eeBe6 }low ey; s! Jepuel eyl •su6lsse pue SJOsseoons Sil 'HONVd9 NO1iV 1S3M NNV9 1VNOIIVN iShcd
•apoN ay; 10 sWJai 9 41 He ULIM salldwoa Joieluo se 6uol OS JopueJO o} saouenpe wpm, op Japuel sepe60g0 PRIM
;male to Gull 6u ;nlonaJ a somas 813e13001 A1 sly; 'wpm!! mom `ApleoilloadS °e6e6}Joini s141 u1 pepinold se slunowe yons uo ;swap!
yl!M Jay ;e6ol 'e6861J01ry sly; Japun 1o1u810 to suo;B6Hgo eololue o} Japuei Aq paunoul sesuedxe Jo Joluais ;o suol}e6Hgo a6JeyOSip of Japue
Aq peousnpe Jo pepuodxe slunowe Aue pue apoN ey; Jepun 9IgeAud ISaJe1U! pue IedlouIJd lie sueaw „sseupe}gepul„ pJoM ayi •sseupelgapul
•RpJedoJd lead ey; uo uoIIOnJlsuoO Jay ;o pue s} uaw8Oeid0J 'suolppe'set11oe1'RpedoJd IBBd ey; uo penis sawoy el1gow
's0Jn;onJls 's6ulpllnq 'sluewenoJdw! min; pue 6ugslxe lie uo1}ellwll ;noyllm sepnioul pue sueaw „sluewenoJdwi„ prom eyi •spueweAoidwl
•sseupelgepui ayp y}!m uoipoeuuoo
u1 sewed uo!epowwo0Oe pue 'Se ;alns 'sJOIuelen6 ey; l0 H13 pue yoee uoI13llw11 ;noy }IM sepnpui pue sueaw „JO;Ue113n9„ prom ayi •JOpu2Jeno
•e6e6lJoW sly; Japun Jo6a6}JOw ey; s! Jo}ue10 ayi 3N1 `313113NO3 SVWOH1 sueaw „1o;ue10„ pJOM eyl •Jopuei9
•eOpewV l0 Sa }eps pe }furl ey;
to Aeuow !none! u! slunowe ueew Heys slunowe mop 01 se0UeJ9I8J f' •epo0 IepJawwo3 wJo }furl eyf. uI style} yons 01 pepngpge s6u!usew ey; may
Heys e6e6poiN s14; u! peullep esIMJaypo IOU swlel •e6e6P0IN sly; ul pesn ueym s6ulusew Bu1M0Hol 941 eney Heys spJOM 6u!MoHo; 8131 'SNOl11NId30
'weld pue /;JadoJd !wowed ey} u1 }s8Jeul Rlpnoes epo0 leplewwoo wJOpiun a Jepual o; spelt) Plum 'uoglppe
ul •AjJedoJd ey; woJ; Sued ire pus RpedoJd ey; ;o sessei Ile op pue ul meow! pue '8111; '1136} s,JOpueJO l0 fie 19puO1 01 su6lsse Ai }ueseJd Jo }ueJO
'0LL£8 AM `NO.LIV `OVOU N3313 Aaa 8902 se UMOU)1 Aluowwoo sl ssaappe sp Jo ApadoJd leas ayi
..V.. 31f103HOS a3HOV11V 33S
4Jadojd lean„ eta) 6ulwoAM ;o aWe }S `kuno3 N1OONI1 u!
p910301 'sJellmw JeHwls pue IewJey }oe6 'set) 'pp 'sieJeuiw He uolpmiwi pnoy;IM 6uipnpui 'Apedold ey; o; BuileleJ s }Had pue 'seilfeAol 's}y61J Jeylo
Ha pue :(s ;y6p uolle6pJ! JO 401p yIIM sell!i!ln u! MOOS 6uipnpui) swell yo ;Ip pus sesmooJeleM 's }y6p JaleM 'Alum He :seoueuepmdde pue 'Aam;0 s }y6p
's}uewesse IIe :sampxg pue sluewenoidwi 's8uipHnq paxi;le Jo pa}oeJB Alluenbesgns JO Bulpslxa He yip Jeyleo; 'Apledold IeaJ pequosep 6utMolIo; ey}
01 pue u! IseJe }u1 pus 'ellH 1461 s,JO;ueJO l0 He Japuei o; sAanuoa pue se6e6pJOw Jo;UBJO 'uoi ;eJap;suoo algenlen 101 '30V01UOW JO 1NVUD
„iepuai„ se Molaq o} paaaa4aJ)
OLL£8 AM `uouV '0Z91. X08 Od `ieeJms uoi6ulyseM b1.£ s! ssaappe esoLM `HONVH9 NO1dV 1S3M
1VN011VN 1SHL pue „Jo4ueio„ se Molaq o1 palloppJ) mug AM `NO1lV `av01:1 )1331:13 AH0
8902 sl ssaJppe as L1M `•ONI `3131I3NO3 SVWOH. uaaMMaq 'OOOZ '8Z 1:1381A131d3S a31Va SI 3DVJ1LIOW SIHL
3JVJltiOW
A1N0 3Sn &dmal1003d 1:IOd SI 3N11 SIHJ 3AOSV 33VdS
h 6 3DVd 2Id
JAS 103
)IOOH
0 'AI113d0dd 3H1 dO 33NVN3INIVW ONV NOISS3SSOd
sueaw „Jepual„ prom ayi •Japua1
011E8 AM'uo ;1V
0E91 X09 Od
IBeIIS uo46u;ysum tiLe
H3NV1I9 NO.JV ISHId
:01 S33110N XVl ON3S
011E9 AM `uo11V
OZ9L X09 Od
paai ;S uoIOul4sBM 1'IE
HONVEIS NO1dV )LNV81VNOIIVN ISHld
:01 '1IVW 0318033E1 N3HM
011E8 AM `U
0E91 XOS Od
paaJlS uo;6ulyseM PLC
HONVH9 NO1dV )INV9 IVNOIIVN 1Shcd
:A8 031S311031:1 NOI1V0110331t1
09 -28 -2000
Loan No 61009603 O W/1;41
MORTGAGE
(Continued)
280
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 shalt 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 (t) 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
•Ja ;yi Jo Mou Buusixe Je4jegM
o; lo4ueap to uoge6llgo Ja410 10 sseupe ;gepul Aus Bulweouoo 4uewee16e Aue uoge ;lwll jnoyiM Bulpnpul 'uIeJay; pepinold polled eOeJ6 Aus myAM
pelpaws; lou si ;eyl Jepuel pue Jojuei9 ueamjeq 4uewee:6a Je ;o Aug jo sale; ey; Jepun ,011819 Aq yoeelq Auy 1uawaar6y Jayl♦O jo yovara
•Jepu9l
o; AJO ;oe ;slues wlelo ay; Jo; puoq Alemns a Jo SeAJesel seysluJni pus wpm yons jo eoilou ue ;1JM Jepuel se/4 pump ;ey; pepinoad 'Bulpeeowd
am ;lejeloj Jo ansoloeloj ey; jo sing ey; si yolyM wino ey1 jo sseue4geuosea1 A ;!p!Ien ay; o; se Jo ;ueJp Aq elndsip yuaj pooB a jo ;uana ey; ul
Aidde jou Heys uogoesgns sly ;'JanemoH •ApedoJd ey; jo Aus ;sule6e Amalie lewewweno6 Aug Aq 10 Jo;unl9 ;o Jo ;IpeJo Aug Aq'po4 ;ew Jey ;o Au8
Jo uoissessodeJ 'dley -les 'Bulpeeooid lelolpnF Aq Jet aim 'sbulpeeowd am ;lepo 10 8Jnsop8Jo ;o ;ueweouewwo0 •a>♦a'am4;9J4od `aansoloaaod
°J0l1EJ9 ;su!s68 Jo Aq smsi Aouenlosul JO Ao ;dnJMueq Aue Jepun
6uipeeooid Aug ;o ;ueweouewwoo ay; Jo 'tno)jJoM Jo ;Ipenn jo edA; Aus 'slope.* jo ;ljauaq ey; Jot 4u9wu6Isse Aug 'Apedoid S,Jolueio jo }Jed Aus
Jo; 19n49091 a jo luew ;ulodde ey ;'JOlusiO jo Aouenlosui ey ;'sseuisnq fiuio6 s se eoueislxe s,JO4uBJo p uoggulw1e; Jo uoo ;nlosslp eyj •A0uanIosul
•uossaJ Auy Jo; pus awl; Aus la (u941 10 ;setalul A4un0es pepeped pus P148n 8 eleal0 o; s ;uewnoop
isle ;spoo Aue jo amp; 6ulpnpul) loejje pus eoJ0j Hnt ul eq o; sesseo s ;uewnooa pe;elea ey; ;o Aug 10 8686poW 9141 •uot ;ezp iewilo0 and ;Oalea
•peyslwn 10 9p8W awl; ay; to Jo MOU 19411e 'loedsaJ leuewew Aus ul Bulpsalsuu Jo aslsj sl sjuewnooa pejel8H ey; JO 910N
ey; 'e6e6pow sly; Jepun Jo;usJo jo jisyaq uo Jo Aq Jepual o; peysuunj 10 epew }uewa ;sts Jo uogs;ueseidai 'A;u8JJem Auy •s;uewa ;e ;s asied
•s ;uewnooa petsleu ey; jo Aus
1110 aIoN ey ;'e6s6poW sly; ul peule ;uoo uol;lpuoo JO luguenoo'uoHs6Hgo'W1aj Jana Aue gj4M Aidwoo o; Jo;u8J9 jo armed ;tna ;aa aouelidwo0
°uell Aus jo e6JS4oslp pep o 10 p Bu!i!j juanald o; AJesseoeu ;uewAsd imp
Awl; Au8 10 'eousmsul 10 sexv; 101 ;1ewAed Aug a14sw o; e6s6poW sly; Aq pannbei awl; ey; my ;im Pimp jo enPed •s ;uewAed Ja ;O uo ;lnejam
•sseupejgepul ey; uo enp ueyM ;uewAsd Aus epw o; Jo;usio jo emlled •ssaupa ;gepui uo;lne;aO
:96e6poW sly; Jepun „1insjsa jo luan3 ;Inejap jo wane us a;n;gsuoo Iisys'19pual 10 uoo ;do ey ;s'Bu(Mollo; ey; jo yoe3 •iinyd3a
.awl; 0; awl; mu) Jepue Aq peuiwie;ep ss eel uogsulwJe; elgsuossei
Aus 'Mel algsolldds Aq pe ;ulwlad 1l 'Avg Him JolumJp 'Apedoid !masted ay; pus swuau ay; ul ;swJa ;ul Alpnoes s,Japue1 Bupuepine all; uo ;uewejsls
Bupusug Aue j0 uoyeuIWJe; 10 s;uewelels alga ;ins pus a6e64JOw sly; jo uol ;Oejsl ;es else ;ins s Jo;u8J9 o; Jenllep pus elnoexe Heys Japuel 'e6e6pow
sly; Jepun Plums uodn pesodwl suolte8ygo ey; Its stamped esiMJayto pus 'enp uayM sseupatgapul ey; Its sAsd Jo;usj
•yds:611yd Buipe0aJd 644 ul 01 pauejel sJet ;ew ay; yslidw000e
0; 'uoluldo.elos s,Japuel u4 'elgellsep JO AJesseoeu aq Asw se s6uly; Jay ;o He 6ulop pus 'BulpJOo6J '6upl; 'Buuen!ep '6ugnoexe '6upiew 1
esodind ay; Jot 1081— ui— Aewo ;e s,JO ;uSJO se Japueq splodge Algeoonenl Agaiay pump 'sesodmd yons Jod •esuedxe S,JO ;uSJO 18 pue Jo ;uSJO
10 eweu ey; ul pus 101 os op Aew Japuel 'ydeJ6eJed Bu4Peoeld ey; u1 0; paJJejeJ s6u141 ey; jo Aus op o; site; Jo ;uSJO 11 1091- ui- ASUJO ;y
•yds16e1ed sly; ul o; paJJejeJ
sJelsw ey; y11M uol;oeuuob ul pelinoul sesuedxe pus s;so0 He Jo; Jepuel 8Smgw461 Heys pump '614 ;IJM u1 Jepue1 Aq AJSJ ;uoo 844 0; peei6e JO
MEI Aq pe;1444oJd sselun •JO ;ueJp Aq paJlnbOB Jeysa ey 10 peuMO Mou JeweyM 'Apedold ey; uo sue! JouJd pus 4s.111 Se ebe6poW sly; Aq mean
s ;seielul A1IJnOes pus sue!! eyt (q) pue 'sluawn0oa pe;elea ey; pus 'e6e6pow Sly; 'eIoN eyt Jepun pump 10 suo!86Hgo ey; (s) enleseid
Jo 'enul ;uoo ';gaped 'eleidwoo '81en108118 01 ;epic; u1 aigsnsep Jo AJnsseoeu eq 'Jepuen jo uoluldO eios eq; u! 'Aew se s ;uewnoop Je ;o pus
'sejeolpp80 'souslnsss Jeypnj 10 swewfJ4SUI 's;uewelels uoi;enui ;uoo `s;uewe1yls eupusuIl 's ;ueweaJBe A ;iJnoes 'speep Ajunoes 'Ism; jo speep
'se6eBpow yons Ile pug Aug 'e ;e!Jdo1dde weep Asw Jepun Se seosid pus sexyjo yons ul pus sew yons to 'eq Aew esso ay; se 'pepJOoeJaJ
Jo 'peiijai 'peplo0eJ 'pep) eq o; asnso 'Jepuel Aq pe ;sanbaJ uayM pus 'eauBlsep s,Japue1 o; Jo J9pu91 01 'peien!ep 10 pejnoexe 'spew
eq o; esnso 111M 10 'Jenllep pue ejnoexe '%slew Him pump 'Jepual jo }sanbaJ uodn 'awl; o; awl; woJj pus 'awl; Aus ;y •seouernssy rewind
•e6e6pow
slit jo pad s ere 1o81— ul— Aewolle pus seouemsse Jeylnj o; Bugelei suolslnwd Bu!MOHoj eyi 'I3VI NI A3NHOiiY !S33NVHfSSV 113Hlllfld
•e6e6pow sly; jo e5ed 1sJlj ey; uo pelets se 915 '(epo0 ispJawwoO WJOjiun ey; Aq paJlnbaJ se yosa) pawls ;go eq Aew e6s6poW sly; Aq pejusi6
;smug A ;unoas eyt Bu4uJeouoo uoyswJO ;ul yOlyM woJj '(Aped panes) Jepuel pus (Jo ;qep) Joju8Jo jo s6SSeJppe Buipew e41 •sessarppy
•Jepu91 woJj puewep uell!M to ;dlaoeJ Jeue sAsp (c) 801141 myluM Jepun 0; algeilene
41 e)Iew pus Jepuel pue pimp 01 lua!uenuoo A4gsuoseai eoeid s ;s pus J911ew a ul AlJadOJd !wowed ey; elgwesse Heys Plume ';inejep uodn
15919111 Al!Jnoes sly; Bulnul ;uoo Jo Bugoeped ui pelnoul sesuedxe p 101 Japua1 esingwiei Heys Jo ;usJp ;uewatn ;s 61110usu; a Se e6e6 ;row
sit; jo suoHanpoJdei 10 seidoo 'spedla ;unoo pa ;noexe el; 'JOIueJO woJj u01484101.1111 e Jey ;nj ;no4 ;iM pue ewg Aus 4B 'Aew Jepuel 'spJ000J
Apedoid Ise; eyj u1 e6s6poW sly; BuipJOowJ o; uoljlppe ui 'Apedold IeuosJad pus swab ay; ui Isaacs Ajunoes s,Japuei enuHuo0 pue }oapad
o; Jepuel Aq pe ;sanbaJ sl uo1408 Ja44o J0ne1e4M eke; pus sluewe;els Bupusuy etnoexe Heys Jo ;ueJp 'Jepue Aq tsenbei uodn ;sera ;u1 A;urnoas
•awl; o; awl; woJj pepuews se 6po0 isIOJawwoO WJO41un ay; Japun Aped paln0es a jo s ;4611 ey4 40 lie envy Heys lepuel pue `ApedOJd
!wowed 16440 seJf4x; s9 ;n ;ysuoo ApadoJd 8144 jo Aue luelxa ay; o; 418weeJ6e Ajlnoes s eln;ysuoo H84S 4UOwnI ;sul sp.!. •;ueweaJ6y Al;moeS
•e6e6pow
s144 jo fled 8 ale Auewe8168 A ;unoas a ss e6s64Jow 9144 04 611418 suolslnoJd 6 u1M 0 11 0 4 0 41 'SIN3W31VIS ONIONVNId !INRINMIADV AIIHn03s
•Jepual o; A1010s4sges A ;unoas 191410 Jo puoq A ;ens e;eJOdJOo luepytns n Jo 4Se0 J8pual 4um sjlsodep pus 1014099
suer pus sexel 844 u1 enoge pepinoJd se xel ey; slsejuoo (q) JO 'juenbuiep sewooeq tl eJOjeg xv; 941 sited (s) Jey1le Jo ;usJp sselun MOIeg
pepinold se lIne4ea jo 4uen3 us Jo; se pewOI memo 941 jo 448 JO Aus 6910,6X6 Aew 1epuei pus'(Moleq peuyep se) ;inejea jo ;uan3 ue se 406448
ewes ey; enetl Heys wane 9444 'e68641oW sly; jo Epp 914; 014uenbesgns pepsue s1 se11dds uogoes 9144 yopm o; xv4 Aue 14 'semi ;uenbesgns
'Plump Aq epaw ;swop pus lsd!ou41d jo sluewAed uo 10 sseupe;gepul ey; 40 uoipod Aun J0 lI uo xe; 0ypeds n (p)
pue :84oN 844 j0 Jeplo4 844 10 18puel ail. lsu!sBe elgee6Jeyo e6e6 ;JoW 4o edA; sly; uo xel E (0) :e6s6poW jo adAj sly; Aq pam09s sseupelgepul
944 uo s;uewAed W014 40n109p o; pallnbei 10 pezIJOy ;nn s4 Jo4u8Jo yolyM 1011819 uo x04 Oljpeds s (q) :e6s6poW sly; Aq peinoes sseupe;gepul ay;
jo psd Aug Jo He uodn Jo e6s841ow jO edit' sit)) uodn xs; oyloads s (v) :selidde uoH0es 9141 yolyM o; SeXel e;n;Hsuoo Heys 6uwMoiio4 e41 •saXVJ
•a6e6poW 9144 Bupejsl6ei J0 Bulpuooaa 101 se6834o 1ey10 pue 'sdws4s A18 ;uawnOOp 'see; `sexy;
H8 uoys4wH ;noy41M 6ulpnpul `e686410w sly) Bupnupa° 10 bugoeped 'Bulplooej u1 palnoul sesuedxe pn 1411M 1844860; 'M04aq pequosep se `sexe4
Ile 104 Japua1 esingwlel Heys pump 'Apedoid !eau 944 uo ueli S,Jepual enuHUOO pue ;oapad 0; Jepuel Aq pe ;senbel s4 uo1108 Jeyto J9ne ;eyM
8)184 pus 86y6;1oW 9141 0; uoylppe u4 S;uawnOOp yons aln0axe Heys 1o;u8J0 'Japual Aq lsenbal uodn •sa6rey0 pus see 'saxes Ammo
:e6n6pow s141 jo ;Jed a 918 seBlego pus
seal 'sexy; 4s4uawweno6 04 6111818/ suolslnold BulmoII 8 41 'S3I1IHOH1fV 1V1N3WNH3AOO A9 S30HVH3 ONV S33d 'S3XV1 AO NOIIISOdWI
•uol;8dpiped yons ;lwled o4 aw14 04 ewg wo11 41 Aq pe4senbel eq Aew se s4uawnI4sut yons 16pu91 0; peten1lep eq
04 esneO Jo Jen1iep HIM 1oIueJo pue '901oy0 uMO s ;l 40 lesuno0 Aq Bulpeeoold 844 ul pelueseidej eq of pue 6uipeeoold eq; ui eledplped o4 pag44ue
eq Heys Japue lnq '6ulpeeooid yons u! Aped leuiwou 94; eq Aew 1opumJo •p1eMe 0111 my ;qo pus uo140e 944 puejap 04 AISSS9091 eq Aew se sda ;s
yons eV; Agdwold Heys Jo4ue19 pug 'Bupm u1 Iepual Ajyou A44dwoJd Heys JO41BJo 'pal; sl uoysuwepuo0 ul Bu4Paa0OJd Aus 41 •s6u;paaoold
•uol1euwepuOO ay; 441M uo!IOauu00 u1 Jepue1 Aq pelnoul sea; ,sAeuJO4te pus
'sesuedxe '54800 elgeuoseai He 40 juewAed 1eoje plane ay; usew 14eys pJeMe 944 j0 speeoold ;au 641 'Apedoid 044 4o uo4 ;510;991 10 ned91 844 JO
sseuPejgepui ail o; peHdde eq p18MB ey; 4o spe830Jd ;sou 844 4o uoipod Aue Jo He 1e44 eilnbei uog004e 941 le Amu 10pual 'uogeuwepuoo 4o nal u4
essyomd 10 6uipe000id Aue Aq Jo s6uipeeooid uiewop ;ueuiwe Aq peuwepuoo s1 Apedold 041 10 pad Aue 10 He 44 •spea0ord ION 40 uol ;eoliddy
•a6e6po111 914140 pad a 818 Apedoid a 10 uoHyuwapuo0 01 6u11e191 suoisinoid Bulmolloj 9 41 'NOIIVNW3aNO3
•sag41o4 ;n8 l8 ;uewuJeno6 jo Suogeln6al pus'seousuipio
'SMEI eigeo adds Bugslxe IIe 441m seydwo0 Apedold ey; 4o ass S,lojuBJ9 put; Apedold 844 10111 S4UOIJBM 1041819 •sMei y;tjy; eousildwo3
•uoyedpgJed yons ;wed 0; e8); 0; awl; woJj }sanbaJ Asw Japue se sluawnJ4su4 yons Japual 01'paJanll9p eq o4 asnso
10 'Jenllep HIM :sump pus '801040 uMO s,lepual 40 lesuno0 Aq Bulpeeoold 8414 u4 pejuesaldel eq o4 pus 6u!peeo0Jd ay; ui 9 ;ed0°111ed o; paggua
eq Heys Japual 4nq 'Bwpeeooid yons ul Aped leu4wou 944 eq Asw plums •esuedxe s,JOIUSJ0 ;e 101 ;0e 014; puelep Heys Jo ;usJp 'a6e6poW
sly; Jepun Jepual 40 4sa104U! 8U4 J0 eH; s,lo ;u0J9 suoHSanb 1844 peouewwoO s4 Bulpeeoold JO uol40e Aue pane a ul •suosied 415 4o swop ln4M84
941 4S11BBe Apedoid all 04 elm 8114 puejap 10A8104 HIM pus s ;ue1JOM 1041019 'enogs ydei6eued ey; u1 uogdeoxe 044 0; loefgns •at ;1110 esuOIQQ
•Japual o; e6e6 ;JoW sly;
Jenllep puv a;n0exe o4 A ;4JOy;ne PUS 'J9MOd '14641 IIn; ey; say plump (q) pus 'e6e6pow sly; 4 ;IM uoy0auuo0 ul iepu61 'Aq pa ;deoos pus '4o Jon84
u4 passel uoluldo ay; !mu; 10 ';JOd9J all; 'Aoliod 801emsui am Aus u1 JO uoHduosep Apedoid Ie8u 941 u1 4 1104 ;es eso44 leyl 19440 seouelgwnoue
pug 91911 118 jo le010 pue eau} 'aidwis 884 u4 Apedold 84# 01 p10091 j0 BHi1 aige4.ai4Jew pus pooB spiny plump (s) ;ey; SIUBJJBM 1011819 •at ;ll
•e6e6 ;low 9!144 40 lied o 018 Apedoid 944 j0 d44sJaumo 01 Bu140181 suo4S4noJd 6u4M011o4 8 41 '311I1 d0 3SN3d3Q !AINVHHVM
'Hey ensy pinom esIMJay4o 41 l8 4l Apewei Aue woJj
a6ed
T8(7
0 41 '33NVW1:1Odu3d 11nd
(panuiiuoo) E096001.9 oN ueoi
3DVE.1111 wir-8Z-60
Loan 11:41 MORTGAGE
(Continued)
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, 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. 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 operating income" shall mean all cash receipts from the Property less 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
2
Page 4
g abed
INTOOSVWOHlg9Z'£ dg9Z '£d£OO SSOIAJSSOJdId000ga 3 LL'£'ien "))0'KJ. V 'I d'S'n
Z seildxe uolssiwwoo Airy
C8
b007.'6z menue(saii uolssluawo3 NN
Eu1wam uloaun
6124 PAPP3
onsna AtlVV10N S31037113000
W 6ujplSed
AHV13U33S'SVWOHl alV 0
1N31/110o31MONN3V 31VHIOdHO3
:Ag
(penuI uo3)
't7 _v1 ;o SWIS at1 JO; uI ofg A,e;oN
•uol }eiodloo eij
I ,I
ay} pa }noexe }OBI Li! pue
e8v6pool sly} e;noexe o} pezliot }ne am dey; }sy} pe ;g ;s tom uo pus 'peuol ;uew uleJeq; sesodind pue sesn et; io; 'siope1lp ;o ping s ;I ;o uol ;nlosei
Aq Jo SMeldg s ;I }o /4UOy ;ns Aq 'uol}eiodioo et ;o peep pue 10e d1e}unlon pue awl ew eq o} e6e6poW ay} pe6pelMouxos pue e6e6poW eq; pe }noexe
;NI uol ;eiodioo ey ;o s ;ua6g pezl.ioy ;ng eq of aw o} uMOU); pue "3N1 '313113NO3 SVWOHI 10 AEIV13H3 S `SV0OH1 O1YH 9 HUB !1N30IS31ld
`SVWOH1 N3M9 pemedde AllauosJed bllgnd d,e;oN peu6isiepun ay; 'ew eJo ;eq 90 pZ 49'‘ 10 hp Q to sly} up
71
Ss
/tr /pJ -v,f 7 dO AINl0O
t v f VA/ dO 31VIS
OIS31:1d `SVWOHJ 3MD
•paalnbai sl;uesuoo Lions eiegM saoue}sul }uenbesgns
o} ;uesuoo Bulnul ;uoo a ;n ;I ;suoo ;ou is eoue ;sul Aug ul aepue Aq ;uesuoo Lions Bul ;uBIB sy; 'e6e6poiN sly} ul peilnbei sl iepuel Aq ;uesuoo
Jeneuay/V1 •suogoesugi; am ;n; Aug o} ss suol ;eBllgo s,Jo;ugJ9 10 Aug JO s ;y61J s,iepuel ;o Aug jo Janl9M g e ;n ;Hsuoo Heys 'Jo ;usa0 pue lepue1
ueeM;aq 6uigep ;o esmoo Aug you 'iepue Aq aanIeM joud ON •uolslnoJd Jet ;o due 10 uolslAwd ;uq; y;1M eouelldwoo lows puewep o) eslMJeq ;o
;Op s,dped ey} aolpnfeid Jo ;o JanlgM g e ;n ;1 }suoo ;ou Heys eBe6poW sly} ;o uolslnad a ;o And due Aq JanigM y 11.61i aey ;o dug Jo 11161) Lions
;o JenBM e se a ;eaedo Heys ;y61u Aug Bulsloiexe ul aepuel ;o pad ay} uo uolsslwo 10 delep oN •Jepuel Aq peu6ls pus 6uHUM ul sl JanISM tons
sselun (s ;uewnooa pe ;gleld ey; aapun Jo) eBe6poW sly} Jepun s ;qBu due pen!BM envy o; peweap eq ;ou !imp Jepuei •s ;uasuo3 pue slanIVM
•e6e8poW sly; Aq pampas ssaupa ;gepui Its 01 se 6ulwod/N
;o a ;e ;s et; ;o sMal uol ;dwexe pee ;sewoy et} ;o s ;Heueq pus s }q6p Ilg San!SM pue sesealei geiey 1o;ueio •uol ;dwax3 pea;sawoH ;o JanISM
•e6e611o1A1 sly eouewaoped ay} ul eouesse eq; jo sl awll •Q3U9SS3 ay 10 SI awil
•ssaupa ;gepul et; iepun huge!! Jo eBe6poW sly ;o suol ;v6llgo ey; woi; Jo;ug10 Bulssela1 ;not ;1M uolsue;xe JO eougmeq.o;
jo ABM Aq sseupe ;gepul et; pus e8sbpool sly} o; eoueie ;ei y }1M siosseoons s,Jo ;ue10 y }1M leap dew 'Jo ;ueJ0 01 eol;ou }not ;IM '1apua7
uey; Jet }o uosied a ul pe ;sen sewooeq Apedoid ay jo dlysleuMo ;l •su6lsse pus siosseoons aley ;'sewed ey ;o ;l;eueq eq; o} emu! pug
uodn Bulpulq eq Buys e6e6poW sly} ;seae ;ul s,ao ;usie jo Jejsusii uo eBe6poW sly; ul pe ;e ;s suol ;e ;Iwll ay; o} }oe(gns 'su5lssy pue siosseoons
•elgeeoJo ;ue pug pllmn ulewei Heys s ;oedsej aey }o He ul e6e6poW slut ;o suolslnold Jay ;o He pue ue) op ;s eq Heys 1! 'pawpaw os
Ag
:A9
'3N1 SVWOH1
:d01NVy9
'SWa31 S11 01 S33H0V 11O1NVd9 ONV '30V01110W S1141 dO SNOISIA0Eld 3Hl llV avid ONIAVH Sa9O3lMONN3V HOINVUD
r c,rI 0 £096001.9 oN ueoi
sit-8Z-60
0 ft;91
SCHEDULE A
A portion of the NW1 /4NE1 /4 of Section 23-, T34N, R119W, 6th
P.M., Thayne, Lincoln County, Wyoming, more particularly
described as follows:
$4
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 NO° 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
-Z-
a5pd gxau uo panutquoD
qopaq gugp go aauaop gspagpaoN alp oq 'ssaT ao aaow 'gaag S'LD
'MuZT,00 o68N aouagp buzuuna pup '(butwo)M ''W'd 1 -P9 'M6TTd 'NT7EL
'£Z uoTgaag go aauaop v /TN alp woad Haag 9LT oON aouagp
'gaag 5'Lt7Z 'anZT,00 068S aouagp 'q.aa3 L8'896 'SuLD',TO oGIS 6uTaq
aauaoo 'saM4J,aoN pips) uTaaag aaqupa6 agp oq Agaaeg paICaAuoo
6uzaq gopaq aaop 000'T agq go aauaop 4saMgpaoN agq qp buzuuzbag
:SMOTTOJ SP pagtaosap iTapTnoTgapd a.zow 6uzaq APM
go ggbza apzM Moog O£ paps go auzT Aappunoq gpaoN age 'Agaaag
paAaA.uoo 6uzaq pupT go gopaq saaoa 000'1 agq go auzT Aappunoq
gsaM alp oq £Z uoTgoas pTps go D/TSND/TMN @LP Jo auzT Aappunoq
gsaM age woag gspg gaa3 £91 ITagpwzxoaddp pup 'Z86T '£Z aagW AON
pagpp paaa AqupaapM uozooaaaoa pips Aq spupa alp iq suapaog
age oq paIanuoo pupT go gopaq 1pgq go auzT Aappunoq gsaM agq
6uzaq pua gspg pips) i M go gg6za apzM qoo; OS pauozquawaaogv
agq go pua gspg alp woa; igaadoad ,saoqupa6 go qaa; OE
ggaoN alp 6u0Tp pup 'ssoaop 'aano 6uzaq )pM go gg6Ta pips
Aq papaau pawaap SP 'APM go gg6za apzM coo; 0£ pips 6uoTp sauTT
gTTzgn punoa6aapun pazanq TTpgsuz pup 'ipbppoa p uzpquzpw pup
gonaqsuoo oq 'su6zssp pup saossaoons 'satag atagq pup 'saoqupa6
alp q TM paapgs aq '�1.16Ta alp gfzM aaggaboq '(buzo6aaog
agl uT pagzaosap SpM go gg6Ta apzM Moog 05 alp PTA) 68
JpMg6TH 'S 'fl agq. woa; pup oq ssaaba pup 'ssaabuT ao; 'subzssp
pup 'saossaoons 'sazag atagp pup 'saoJupa6 age ggtp paapgs aq
oq quawaspa APM- go -ggbta apzM goog O£ Tpngadaad p 'subzssp pup
saossaoons sqT pup 'uTaaag aaqupa6 alp oqun 6uzqupab osip puy
•auiTaaquao pips go apzs
gopa gaag SZ 6utpuagxa pup 'gopaq uapaog paps go auzT Aappunoq
gsaM P oq 'ssaT ao aaow 'gaag £9T gspg aouagp butuuna pup
'(Z86T '£Z aagwaAoN pagpp paaa iqupaapM uotloaaaop p Aq 'xn qa
'uapaog •g xupag O 'xn qa 'pupa •H saTap4D Aq paIaAuoo gopaQ p
go aauaop gsaMgnnos alp go gPaoN qaa; Z9T 6uTaq qutod buzuuz6aq
pips) 6uTwoAM 'W'd q 9 'M6TT2i 'Nfi£Z £Z uoTgoag go aauaoo
T7/TN @LP go gpnog aaag S'£SL sT goTgM quzod p 6uzuutbag
:sMOTTo; SP pagtaosap 1CTapTnoTgapd aaow sz auzTaaquao asogM
pupT go dzags apzM Moog OS p 6uoTp pup 'ssoaop 'aano 'papaau
pawaap SP 'A PM Jo 1g6Ta pips 6uoTp ipMppoa p utpTutpu pup
at.oadwz oq 'subzssp pup saossaoons 'satag 'saossaoapaad aTagp
pup saoqupa6 agq ggTM paapgs aq oq ggbta alp ggpp aagga6oq '68
APmg5TH 'S 'fl age woag pup oq ssaa6a pup ssaa6uz aog 'subzssp
pup 'saossaoons 'sazag atagq pup 'gsaaaquz uz saossaoapaad
,saoqupab pup saoqupab age gppp paapgs aq og 'quawaspa
ApM- ;O -gg6Ta apTM Moog OS Tpngadaad p 'su6zssp pup saossaoons
sqT pup 'uTaaag aa4upab agq oqun buT upab aagnan; igaaag puy
(Z86T
'aunt Jo A p gf0£ age uo 'upwoM aTbuzs p 'sgaagog •g aulszagp
iq 'a ;TM pup pupgsng 'uapaog •Z aTgq pup uapaog •g Nupag oq
paSaA.uoo gopaT aaop 000'Z cpgl go Z /1S ag' 6uzaq uTaaag aaqupab
£56£10£0 :oN siTa
:*oN quawgzwwoa
panuTquoo V TUICHHDS
001.6 w,o3
ANVdWO3 3DNVHf1SNI 3111,1, UNY1 H.L1V;IMNOWWOD
(3 8 M !1.'T`I b l� 1' O wvary neem� cmvl v
1111111 tmeaMUOW f
I uummenweafn
COMMONWEALTH LAND TITLE INSURANCE CQMP Y tti!)1.
SCHEDULE A continued
Commitment No.:
File No: 03013953
Form 4100
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-
X 86