Loading...
HomeMy WebLinkAbout868205k j This Mort gage SEA �fta� 6f MORT AUES PM tate of Wyoming 1. DATE AND PARTIES. The date of this Mortgage is are as follows: MORTGAGOR: M. T; SC WAB LENDER: f a RELEASE �J /j ;ir This Mort gage SEE EOOLL 6f WW1 A MARRED PERSON 353 TWIN CLIFFS ROAD AFION, WY 83110 THE BANK OF STAR VALLEY AF'ION, WY 83110 REAL ESTATE MORTGAGE (With Future Advance Clause) P.O. BOX 8007 384 WASHINGTON SEPTEMBER 6, 2000 RECEIVED F,I P P S G TERRI L. SCHTAB A MARRIED PERSON AF ON, WY 83110 (e.g., borrower's name, note amount, interest rate, maturity date) ti ea'ilt +llir: 451 BOOK_ PAGE Space Above This Line For Recording Data 353 TWIN CLIFFS ROAD and the parties and their addresses Refer to the Addendum which is attached and incorporated herein for additional Mortgagors. ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF WYOMING 2. MORTGAGE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (hereafter defined), Mortgagor grants, bargains, conveys, mortgages and warrants to Lender, with the power of sale, the following described property: REFER TO EXHIBIT 'A' WHICH IS PM ACHED HERETO AND MADE A PART HEREOF. The property is located in LINCOLN at (County) LOT #5 JEFFERSON', 44E 4TH ST. AFB Wyoming 83110 (Address) (City) (ZIP Code) Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all diversion payments or third party payments made to crop producers, and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as "Property The term Property also includes, but is not limited to, any and all water wells, water, ditches, reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property, however established. 3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this Mortgage at any one time shall not exceed 76, 810.57 This limitation of amount does not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly made pursuant to this Mortgage and does not apply to advances (or interest accrued on such advances) made under the terms of this Mortgage to protect Lender's security and to perform any of the covenants contained in this Mortgage. Future advances are contemplated and, along with other Future obligations, are secured by this Mortgage even though all or part may not yet be advanced. Nothing in this Mortgage; however, shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment would need to be agreed to in a separate writing. 4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following: A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all extensions, renewals, modifications or substitutions (Evidence of Debt): ONE PROMISSORY NOTE DATED SEPTEM)3ER 6, 2000, IN THE AMOUNT OF $76,810.57 WYOMING AGRICULTURAL /COMMERCIAL MORTGAGE (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) (page 1 of 6) ©1993 pnnk prR Systems, Inc., St. Cloud, MN (1 -800- 397.2341) Form AG/C^ 1 10/25/93 (g Jo z aged) Eti/96/0 AM /JV wd d I PPEL 008 61 N N 'PnO10 '1S "tiul swBWAS sieves E66 L II11s io8B8 •a8118uoyss sup diq pawn warm! Altman alp o1 13afgns patuaap aq rpm duadoid Inuoslad 3o luatuaourdal lions •aauuaqutnoua Jalpo 10 luauuaa.du /ipunoas `aotnap uopualai app Atm tuo13 aai3 `,fuadoid Jeuosiad pao11da1 atp 01 amen ti! lenba wear w divadold I1uosiad 30330 apron paonidai st divadold iguosiad pans 1181 paptnold 'aialosgo 10 UJOM aurooaq 11111 Aliadold atjl jo ued a 8ulsudtuoo Atiadoid Iuuoslad jo sulalj anotual of 111211 aril sgg 1o8ua1.1oL11 lain ldaoxa luasuoo uaplt1M loud s,lapuaj 1no11Im pana11e ditlgl1a111u1 10 palsgoutap `panouzai aq 'pm divadold all jo uoluod oN •luasuoo ualipm loud s,iapua -i lnotp!m amp lou iiis asn pue Xouednaoo ag1jo aznleu alp pulp saaz8e oslg 1o81811ow •dfuadold all jo asn 3141 0l loadsa1 tpUM 'allnud 10 3trgnd iaglagM 'suopolalsa1 pue spuatualtnbal 11801 11 gum /ildtuoo 11tH 1o818uow •/fuado1d alp jo df3uedn000 pue dtgs.zaumo `asn 8utp118aa uopetn8al 10 Mei Japun aim] arumo lamo Aug 10 1o2E2110J 1SU1u8B suolre pug 'stirrer 's8utpaaoold 'spurn p ire 3o Japuarl /fjpou Iitm 1o8e8uow •luasuoo ua11UM loud s,Japua' lnotpim '/Cuadold agp jo Ind /CUR 10 divadold alp 3o apem aq Amu gargM sasn ogl 8uluuap 10 8u111L11i1 uopot11saI allnud 10 otrgnd latpo 10 aoueutplo 8uruoz '1ueu0A03 antlnulsa.z auunud dit11 u! amp SUE 01 luasuoo 10 III UIOf '01e11U1 1011 HIM J0 202110A1 •sasse18 pug spaaM snotxou 3o 0013 dillado1d alp daa31 rpm 1o8u8 •AiladoJd agl 01 a8utulp 10 ssol AIM 3o aopou ldtuoad Japua-i ant8 11th 1o8e8 •AJessaoau diigeuoseal 0111 MI S1I1da1 jI1 a3teul pug uoptpuoo poo8 to £uadold alp daal Item 1o8g8uo y1I 'AIOI.LDddSAII QNV SNOI1V2Iaily `NOI,LIQAlop AilIdJO2Id '11 •pagstlRs st 1gac paln3as all !thin sasllou113 pug satueu apnJ1 `aureu 2U11S1xa sI! anlasa1d 11tH pue aumu Jfl0 Aue asn 3011 11th pug 1ou saop 1o8B82Joini 'luasuoo ualpum 1ot1d s,lapua-1 lnogl!M •aureu snoptlog s0 apEJ1 1atpo dCu11 pasn lou stag pun sanadi ua1 we' alp utlltm auz1U s1! pa8ueln lou s11(1o8n8u0L11 8ut1!M u! pasorostp uelp Jaglp •/iouage 11111 UIU1rno810 anon 3o 1apmo 10 `MEI JO UOIs!AOld /CUE 011!01A 1011 !rpm pun 'IenOldde lemur:E1rn08 (I11ssaoau IIg pan1aoal anal 'pazuollnn d(Inp Iraq annq `1o2e2uow 3o aaMod all uttprm ran Igo(' jo aouaptng all diq paouaptna uop18trgo all pun 1o8118uoJA /iq 32E21101AI sill 3o aoU1uuojJad pug dilanttap 'uojlnoaxa aUJ •g •sa111ado 1o818uow 1 ut awls loea ut os op 01 pappenb st 'ameopdde se 'pug palonpuo3 8uraq mou s1 ssautsnq alt 110 /(1113 01 pug ICuadold alp Imo 01' 1! pug Jamod alp sel 1o8118uoyAI •ssautsnq s1311su1121o8E8110yA1 tp lM uI sa11ps 1114 uI 8ulpu11s poo8 u! st 1o818uoN •(uotl11z!ua 10 1o) uopniodloout 3o awls s,1o818uoJ all 111 Bullstxa AIpgen pug p0z1UB 10 /imp st qamm A1pua 111 s! 108118110yA1 •d :8utpu11s1no smear. lgac pain °as all se 8U01 se 8utnupuo3 aq pegs 13t1M suopl1Uasaidal put sapUe.u1M 8ulMorro3 all lapuaJ o1 swiem 10818uow '(uopeztuu8lo Jatpo 10 uop111odho3 e se pons) uoslad 1e1n111111 111111ag10 diltlua 1111 st 1011 811O 3I 'SNOILV.LAIISd2Idau MTV '01 •a8g8uow sp p jo algp all 3o se mfr dCq paltgtlo1d sr 1! 3I suopunits anog1 alp 111 luatmdied puutuap loci Artu Japua'l 'Jana/wall •Altlua mums 10 UO11110(1103 n JO row 8utlon alp 3o 1ua310d SZ 11111 amp JO dilsaauMO U1 0211E110 s! 01011 so :/Cppua 1e1IU1IS 10 dIls10uped n 3o slaquzauz 3o lagtunu 10 d(ipuap! alp lamp u! anew s! 313g1(z) :pa11ajs11111 pros s! 108118210}41 u! warm I1t3gauaq 1(i) 3! luatuAed alulpatUuI! puutuap /cum Japua-j '(uopeztue810 1011010110pe10d103 s1 Inns) uosiad tumuli n until nip ,(1t1ua 111 s! 1o2n2lioJ 31 '11OOVO.UIOP1 311,1 NI isaaa m NV JO ?I MSAIV2IS '6 •paseap1 s! a8u8uow sill mu pig u! pled s! lgau palnoas all Ipun 130330 u! Uletual lg1s pug divad01d alp 1p!M un1 traps luguanon st1,1, •divad01d a11 3o 111d £U1 10 11101 1sa191u! /(1111 sapnpu! ow „/fuadom„ tun) alp `uop3as s1113o sasodlnd alp 103 •01g13trdde s1 (T6C '2I ZI) mei 111apa3 diq pasodult suoj13u1sa1 all 01 13afgns aq pegs uop3as sp.') `a3uaptsal s,1o8118uoAt sapnput divadold all J! `1anaMOH •/ivadold alp uo asatp 3o due 10J 13111110310 `area 10 `1aJsu111 `Oou11gtunoua 'imp /fuu 3o uopea 3 am uodn ameiCed put anp dipl1!patutu! aq 01 lgau palnaas alp 3o a3U1r1q °Jipua all 011130p 'UO!1do slt 111 Tilt” 1apual 'aDMv1IlN1f1DAId HO d'IvS NO afaa '8 2up!M u! sltlasuoo lapua-I ssatun 1Uatuaa181 iCptm3as 10 psn113o paap '38e811otu Jallo all ',iq paln3as luauza91811 10 alou Aug 1apun saou1np1 alnln3 /Cue )(lame 10 lsanbal 01 1011 put '3o uotsuapxa 10 uop13glpotu Aug ltuuad 10 0)11111 01 1oN •1apt01 11.1013 santa3a110818110Y111111 sa3110U Aug lapua-101 Jantpp Apdtuold o,1, •g •slu1uano3 1i11 g1!M /Ciduzoo 10 uloJaad o1 pug anp ua1M sluam/C1d 111 a3retu oi, •d :saa12110818uow `a81821o1A1 sup 13A0 Aluoud aneg Amu 11111 pug /(uado1d all uo a3ue1gtun3ua 10 1S9131ut /Clun3as loud 1 paw= 1111 luatun3op uatl nip 10 1UatuaaJ811 £Manors '1sn11 Jo poop '381811ou1 1ag10 Aug 02 p118a1 11!M 'S.LSaH1LNI AIDIf1DaS ?IORId 'L •,(uadold alp U111pututu 10 anoldui! o1 s11t1a11U1 10 1og1I Aiddns oIM sawed lsure81 an111 Amu 1o818uoN t13t1M sasuaJap 10 stul1r3 'S112!1 /(UB 'Japua'l d(q palsanbai s1 `Japual o1 u8Iss102 Saa18e 1011210N •a818uoyAI si113o uatl all aleduz! P1noM 11111 miler /Cue 1SUte8e divado1d all 01 app puajap IIIM 1o818u0N •luatuAed s,10 11 210JA 8upuaptna sldta3al all put anp 3111 slunoU11 lions Imp saotl0u 1113o satdo3 rpm/ 01 aptnold 021o8118uoN a1mba1 SEW Japua-I •anp uat4M ATJadold alp 01 8upnta1 sa8111n 10110 pug 'sap1tln 'slum punol8 'mallard as11al `sa3u11quzn3ua 'suaq 'sluauzssasse `saxnl 1t1 died film 1•818uoyi 'a'I.LI.L ISAIIYOV slurp '9 •08g8110Y11 Si11101g3Q 3o a3uaptng alp 3o suu91 011 mph 03U1p103311 uI pug anp ua1M 1gaQ paln3as all uo S1uaUIX1d 1iu aal1tu o1 saal8e 1o8181JoJ •S,LMahlAVd 'S •uotsstosat 3o 118!1 alp 3o a3pou pal;nbai d(U11 an!8 01 sm lapua -I J! 10 a2E22101A1 sup lnoge amsopstp pagnbal thug a)11tu o1 '1gap Jalpo loos 0110adsa1mph 'sPg3 aapua' 3r lgap nip dial auras lou 'rpm a8e8uoJAI spa, •s1aglo pue 108E22101 i afoul 10 auo thug 10 `1o81182J0Y11 a10uz 10 auo thug £q paun3ut 10 02 uani8 3111 11 anoge paqu3sap suot118irgo alnln3 put sa3Uenpu a1n1n3 Ile a1n3as Iitm age2uoyAt st111e11 saa18111o818uoyq 113110 '10811 10N Se a818uow sup su8ts uosiad QUO 11E111 010111 3I •lgap all 02 2up11131 as!Mlallo 10 '8upClu11111n8 `BUunoas a81181.101A1 /(ue pug 1apu0-i Ol 1o8e$lloN Aq lgap 1 8u13uaptna luatunlpsut Aug 3o suuap all lapun aou1uuo31ad s,1o81811oY1t •3 •1g0Q 3o a3uaptng 0142 u! paptnold se 'au1!101 atu11 UIO13 '130330 u! 01111 psa18i1911211warm! sntd '0 E 1Ow spp 3o stulal all lapun lapua- /iq pa11n3ut sasuadxa pug paougnpu sums 1a1110 /Cue pug amen 51! pug AtiadoJ( 0118up33101d as!Mlatno 10 8utn1asald 8uunsu! Jo lapua-1 /(q palanout sasuadxa me paouEnpg sums iuuo!l!Pp11 ITV 'CT •Japuo' put 1o818uoJA uaaMlag luauzaa181311no33111lsodap A111 0l 811!31103 sgelplano 103 satlfglll '01 pawl!!! lou lnq `8utpnpu! `h1I diq pallgilold lou lualxa all 02 'asu1101111C11W 10 1s!xa Mou 13!4M '1apuarl Ol saMO 1•8u8110N suot1118tlgo Ird 'D •lgap 3o a3uaptna 3141 u! 01 p3110J31 dflr1ogpads s! a8181.1oJA situ lou 10 1ag1a1M a818uoN si11 Jape paln3axa 10 Mou 8utpstxa lgap 3o aouap1na 1a1po 10 '/C111111n8 `1011111103 'mot! £iosslulold Aug 1apun lapuarl of 108u2110Y1 3o suot118tigo aln1n3 1a110 10 102E211011 01 lapua tu013 sa3uln 0139 INN PE a1n3n3 ITV 'H not partition or subdivide the Property without Lender's prior written consent. Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time for the purpose of inspecting the Property. Any inspection of the Property shall be entirely for Lender's benefit and Mortgagor will in no way rely on Lender's inspection. 12. AUTHORITY TO PERFORM. If Mortgagor fails to perform any of Mortgagor's duties under this Mortgage, or any other mortgage, deed of trust, security agreement or other lien document that has priority over this Mortgage, Lender may, without notice, perform the duties or cause them to be performed. Mortgagor appoints Lender as attorney in fact to sign Mortgagor's name or pay any amount necessary for performance. If any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may do whatever is necessary to protect Lender's security interest in the Property. This may include completing the construction. Lender's right to perform for Mortgagor shall not create an obligation to perform, and Lender's failure to perform will not preclude Lender from exercising any of Lender's other rights under the law or this Mortgage. Any amounts paid by Lender for insuring, preserving or otherwise protecting the Property and Lender's security interest will be due on demand and will bear interest from the date of the payment until paid in full at the interest rate in effect from time to time according to the terms of the Evidence of Debt. 13. ASSIGNMENT OF LEASES AND RENTS. Mortgagor grants, bargains, conveys, and warrants to Lender as additional security all the right, title and interest in and to any and all:. A. Existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for the use and occupancy of any portion of the Property, including any extensions, renewals, modifications or substitutions of such agreements (all referred to as "Leases B. Rents, issues and profits (all referred to as "Rents including but not limited to security deposits, minimum rent, percentage rent, additional rent, common area maintenance charges, parking charges, real estate taxes, other applicable taxes, insurance premium contributions, liquidated damages following default, cancellation premiums, "loss of rents" insurance, guest receipts, revenues, royalties, proceeds, bonuses, accounts, contract rights, general intangibles, and all rights and claims which Mortgagor may have that in any way pertain to or are on account of the use or occupancy of the whole or any part of the Property. Mortgagor will promptly provide Lender with true and correct copies of all existing and future Leases. Mortgagor may collect, receive, enjoy and use the Rents so long as Mortgagor is not in default. Except for one month's rent, Mortgagor will not collect in advance any Rents due in future lease periods, unless Mortgagor first obtains Lender's written consent. Upon default, Mortgagor will receive any Rents in trust for Lender and Mortgagor will not commingle the Rents with any other funds. Any amounts collected shall be applied at Lender's discretion to payments on the Secured Debt as therein provided, to costs of managing the Property, including, but not limited to, all taxes, assessments, insurance premiums, repairs, and commissions to rental agents, and to any other necessary related expenses including Lender's attorneys' fees and court costs. Mortgagor agrees that this assignment is immediately effective between the parties to this assignment and effective as to third parties on Mortgagor's default when Lender takes an affirmative action as prescribed by the law in the State of Wyoming, and this assignment will remain effective during any redemption period until the Secured Debt is satisfied. Unless otherwise prohibited or prescribed by state law, Mortgagor agrees that Lender may take actual possession of the Property without the necessity of commencing any legal action or proceeding and Mortgagor agrees that actual possession of the Property is deemed to occur when Lender notifies Mortgagor of the default and demands that Mortgagor and Mortgagor's tenants pay all Rents due and to become due directly to Lender. Immediately after Lender gives Mortgagor the notice of default, Mortgagor agrees that either Lender or Mortgagor may immediately notify the tenants and demand that all future Rents be paid directly to Lender. On receiving the notice of default, Mortgagor will endorse and deliver to Lender any payments of Rents. If Mortgagor becomes subject to a voluntary or involuntary bankruptcy, then Mortgagor agrees that Lender is entitled to receive relief from the automatic stay in bankruptcy for the purpose of making this assignment effective and enforceable under state and federal law and within Mortgagor's bankruptcy proceedings. Mortgagor warrants that no default exists under the Leases or any applicable landlord law. Mortgagor also warrants and agrees to maintain, and to require the tenants to comply with, the Leases and any applicable law. Mortgagor will promptly notify Lender of any noncompliance. If Mortgagor neglects or refuses to enforce compliance with the terms of the Leases, then Lender may, at Lender's option, enforce compliance. Mortgagor will obtain Lender's written authorization before Mortgagor consents to sublet, modify, cancel, or otherwise alter the Leases, to accept the surrender of the Property covered by such Leases (unless the Leases so require), or to assign, compromise or encumber the Leases or any future Rents. Mortgagor will hold Lender harmless and indemnify Lender for any and all liability, loss or damage that Lender may incur as a consequence of the assignment under this section. 14. CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. If the Property includes a unit in a condominium or a planned unit development, Mortgagor will perform all of Mortgagor's duties under the covenants, by -laws, or regulations of the condominium or planned unit development. 15. DEFAULT. Mortgagor will be in default if any of the following occur: A. Any party obligated on the Secured Debt fails to make payment when due; B. A breach of any term or covenant in this Mortgage, any prior mortgage or any construction loan agreement, security agreement or any other document evidencing, guarantying, securing or otherwise relating to the Secured Debt; C. The making or furnishing of any verbal or written representation, statement or warranty to Lender that is false or incorrect in any material respect by Mortgagor or any person or entity obligated on the Secured Debt; D. The death, dissolution, or insolvency of, appointment of a receiver for, or application of any debtor relief law to, Mortgagor or any person or entity obligated on the Secured Debt; E. A good faith belief by Lender at any time that Lender is insecure with respect to any person or entity obligated on the Secured Debt or that the prospect of any payment is impaired or the value of the Property is impaired; F. A material adverse change in Mortgagor's business including ownership, management, and financial conditions, which Lender in its opinion believes impairs the value of the Property or repayment of the Secured Debt; or 1993 Bankers Systems, Inc., St. Cloud, MN (1- 800 397 -2341) Form AG /C[1- MTC -WV 10/25/93 (page 3of6) (9 f o eBed) E6 /5Z /OL AM WJOJ LVEZ L6£ 00e L) NW'Pri "Dui •swalsAS sJajueg £66L •a8e8uow st11 zapun slg8u s,lapua-13o Aug of aorpnfald inogljM a8e8uopsI slIr1 dq pains AUadold alp 01 amen jenba Jseai le 3o jelaleiioo it lapuai appno1d !um zo8e4toj, amp' ur pus a8e8uoj spp aseapl ,Cent iapuaq `uoilazosip s,1apua-1 le (z) pus :urelsns /tutu su8lssg 10 S1OSS Dons s,lapuai pug zapuaz goi(M `saa3 ,Sifatuolle pus uotWWBtltl Jo moo He uopmpuli lnoglrM 2rnpnpur `sasuadxa pug sailisuad 'slsoo uopelpatual pus asuodsaz 'dnuearo 'sag-Bump 'saprmmen `spuetuap `stulep 'sassor jre lsule8e pug t10z3 SSORLIVII SU81SSB .10 s10SS 33ns s,lapuarl pus zapua'1 Not; pus Aputuapu! !um 1o2E211o11I (j) 'uopoas sigl Ut apetU asmiord JO AluelzeM `uotleluasazdaz ,ills Jo goeazq ,Cue Jo aouanbasuoo g sN •asuadxa s,zo8e8uorN le uopoas spp rapun suope8rjgo s,1o8e81Jopnr 3o Aug tu1o31ad of `uotleSiigo am Jou lnq 'JgBp alp sett zapua-1 lenoldde s,lapuai of loafgns si lipne guns uuojzad !pm oqM laaur2ua iesuatuuolrnua aril 3o aolol0 atl,I, •zapuaz os Jtpne Bans 3o sllnsal atp lnugns of pug Auadord atp Jo itpne ieluauzuozinua ue azedald o1 zaaul8ua jeluatuuonnua pa a a2e8ua o1 `asuadxa s,1o8e81101A1 111 `saal8e 1o2E811011 'atop /cue 111 pus lsanbal s,lapua-1 uodn •Me'1 igluauuzozinug aigeoridde tptM aoueiidwoo u! are lusual Aug pus 10 B 1J0IA loll zo latpa1M 10 :filmdold aip lnoge 10 zapun `uo pomp.' uaaq sett imp aouelsgns snopzezeH ,cue Jo apnlruBEtu pus `alnleu `uopeOOj `aoualsixa atp (Z) :/tl1adold alp lnoge 10 zapun `uo 03ueisgns snopzezeH Aug Jo aznlsu pug uopeool `aoualsixa all (j) aupuzalap o1 atup ajgguoseal Aug le sploOal ire mar/kw pug Auadold agl loadsur pug zalua o1 11138e s,lapuai JO zapua-1 `liuuad 0l mum £lie asneo 10 `litulad !um 1o2E2uo1,4 '111M palyduuoo pus pauieigo aze ME'1 IgluatutolinuH argeoljdde /Cue /Cq pai nbal signordde JO sasuaoij `sluuuad rig legs uupuoo pus `Attado1d atp uo suopezado pug sap!/413e alp lolpouu `/CUadozd alp loadsu! /iugrn2al rum J08E81101\1 0 •IuilrIM ui sluasuoo lszg Iapua-1 ssalun pappe aq rum Ham 10 dump '3rue1 lions ou pus duado1d atp zapun 10 uo paleoor mom uado 10 sdtunp alenud `s3rtzel a8gzols puno181apun ou are aratu, 3 reluatuuo1!nuH alggoljdde /iUB gl!M aOUB!Idtuoo Hn3 ul uletua1 !legs pus are `uaaq anel 1Ue1101 Anna pus 1o8e8uojnr •g •s8utpaaoord goes o1 8uperaz sluamnoop AUE 3o sardoo anpOal 01 1118u aql 8ulpnpui 8ulpaaoord gons ,Cne ui aledrorlred o1 `uoile2rigo all lou snq '118u alp sell lapuarl `Juana ue Irons 111 •8urpaa3old 10 'Tripp `uope8psanui paualealgl r0 8ulpuad gons Aug st mom anariaq 01 uoseaz sett 1O E 11OJA SE uoos SE 811141M ui 1apua ,ijpOU Ap1e!pauutn ITtM 1o8e8uow •Me-1 jeluaumolptuH /Cue JO 1UeUO1 UR 10 102E8110WWj Act uoilerorn Aug (Z) 10 :/fuado1d atp hogs JO zapun `uo paleoor aOUelsgnS snopzezeH Niue (j) o1 8upep1 pup £ue 3o 8urpaaoold 10 `Utlep 'uorle8llsanui paualeartp 10 8ulpuad ,iUe sr 910111 anarpq o1 unseal 10 JO aBpajMOUZ( ou sett 1O E 11OpNl •Q Me'1 ieluanuuo1lnug 1I11M 03Uepr033E Ul UOI1OE wawa/ A1ESS0O0U i1E 03re1 TIM 102e811ON 'MAO Ue gons 111 •/Cuado1d 9111 8ululaOUO3 Me'1 leluatuuoi!Aug i U1 JO UOIIB O!A a s! mom (Z) z0 :Auadold ,ig1eau 11101j 91e18T111 01 sualeazgl 10 salez8ttu 10 /Cuadold atp inoge 10 zapun `uo Sl11000 03UE1sgfS snopzezeH Jo asearal paualea111 10 aseajal a (I) Jr lapuai ,ijtlou /flalelpat uir ITiM 1o8e8uoJA •3 '/fuadold atp uo aotessgnS snoplezef ,Ells Jo aseapz all lnuzad 10 `01 alnquluoo `asneo 1ou H!M pug 1ou sett 102E 110 •g Me-1 Ie1UatuuozrAUI algEoridde lie g1rM aoueiiduioo 1Olrls lit pug ssauisnq Jo as1no0 Areuipzo atp ur ldaoxa quadold agl hogs JO zapun `uo uoslad AUe Paipueg 10 'paugaz `paleall `pasnloejnUBu1 `palrodstell `pale'or aq 'um 10 'SI `uaaq sett aOUelsgnS snoprezeH oN •N :2upu■ ui pa8pajmou) E pug pasojosip iijsnounald se 1daOxa `legs saa18E pug slugzzeM 'sluasardal 1O E 21Opq •Mei leluauuuorrnug Aug zapun „aOUelsgns snoplezeg„ so „a1seM snoplezeq„ „`saouelsgns oixol„ „`isualetu snoprezeq„ se pautiap saOUessgns /Cue 'uo!leluurI lnoglrM `sapnpur UU1.101 911 •suaUmolrnua 10 a1ejtaM `/Clajes 'tpreag Oilgnd atp 01 snolaBUep 1CJTepualod 10 snoJa2trep aDUelsgns ag1 zapuaz 1OrgM sopsl1a10g1eg3 sett TpItiM lueurt ueluoO 10 luelnijod `alsEM 'igualetu snoplezeg 10 anpoeolpel `Oixol Aug sue= „aOUelsgnS SnoplezeH„ (Z) pug :aOUelsgns snoplezel a JO lua1UUO1tnua `arejiaM `/ilajes `gllsag orignd all 8U!U1a0Uo0 szallOj an1a1dpamu! 10 suoruido jelaua8 itaurolle `szapzo unoo `saOUgulpzo `suorlejn8al `sMe! woo! pus a1e1s `rezapal zaglo IlU `(•bas 1a 1096 "0'S•1 Zb 'N'Ia?Ig3) toy Airmen pug uopesuadtuo0 `asuodsa21 Iesuatuuolrnug anisuagaldtuoD alp 'uopellutq lnotprM 'sueatu „Mei reluatuuoltnua„ (j) `uoioas srgl ur pasn s "f I 'H V 'SaDNVZSgffS SfIO112INZNH QNV SMN'I 'IN.LAi3INOfIIANa '81 Mei /iq pallitulad se pus igva 3o aouapTAH atp ur paprnozd se `atoll 01 autjl Uzor3 `109339 u! 01111 1sagprg alp le a0ugnpe atp Jo amp atp utolJ 153101u! zeaq Him pus ptettap uo anp ale slunoute gons in/ *moo uopeplo0az Aue 103 'led o1 saal8e 10 E 11OJA pug a8e811orAl stg1 aseap1 o1 S331 E lapua-j 'pied /illeuti pus AIIn3 sr 1gac paznoaS alp aou0 sasuadxa 1e8a1 1911° pus 'moo moo `saa3 ,s/fatuolle `01 palrunj 1ou rig `8urpnpu! `ae81Jop%r spp zapun satpatuat pus s1g2U s,1apua-18u!lOalold 10 8up1ojua lit 1apual £q paunour sasuadxa pUB S1SO3 Till iced o1 saa18e 1o8e211O} •/Cuadold alp 01 IOadsal u! 1apuai Aq uopeuiuzexa zaglo JO suo!1Oadsur `sllpne `sallo1Uanu! /fUe ur JO Alzadord 0g18upoal01d JO 8urAIasald `8utznsur '8upoario0 ur pazlnour sasuadxa s,lapuaZ Jo ire pump uo ded Osie TT!M 10 11 110p\I •08g8110J,%1 sig1 u! lueuanoa Aug sagoea1q 102e8uop\r JI sasuadxa s,lapua'13o He /fed o1 saal8e 1o8e81rorN `Mer pa1lgplozd uagM 1da0xg 'SISOO NOLLD TIOO ISa L1 4SAaN11OZ,LN ISINVNHAOO NO SgDNNAQN !SaSNa Xa 'L1 •U!B B SUOdde1 JO sanupuoo 1! Jr 1ineJap a Juana alp zap!suoo Jam 01118!1 s,zapuaJ anieM 1OU saop zapuaz ljnejap s,1o8e8uoJA uo ,tpatuaz !Cue 8uispiaxa 1ou /it3 •11nejap 8utlsixa iiue Jo 91110 alajduuoo pus 1!113 azrnbaz o1 11 s,lapuarl Jo laAreM g a1n1l1suo0 1ou ljegs pan; 0111 s8utpaaoold alnsopaJo3 zags s0 pale191900e s! 10 9111) sr aouejeq atp 1a13e sgau parnoaS all uo luatu1ied Trued 10 luatu&gd ur tuns Aug Jo zapua1 /iq 9011e1(1900g atT1, .loll JO 11.103 108 /Clssaldxa 1a11a1M `Altnba JO Mei le pappnold swami Ire o1 p01111ua sr lapua1 all pus `anrsnpxa 1ou pus a /41E1ntuno `loupsip 918 sa!paumal ITN •Auadozd all Has o1 lamod all 'uopequtll lnotprM BUIpnpur sluatunOOp palejaz ,fug pus 0 E 11OpAr si11 'Nap Jo saZUapIna 19110 lgaQ ;o aouap!ng 3111 'Mg! Xq paprnozd salpatual am ire Ol papllua aq Begs lapua 'UOprppe 111 '1a13ea1a11 3111!11 UB 10 ljneJap a Jo a0ua11n03• all uodn `Mer /iq palmbal Jr aollou Bu1Al2 1a13e `arge/fed pus anp £ra1Erpa I atuooaq jjegs iedtoupd pug 1sa101u! p011130g `sa8lego pus saa3 paar8e all Jo 11ed Xue 10 Ue `1apua1 Jo uot1do atp 1N •11nejap ur s! 1o8e8uoJA. sig1 Jr Mel ,1q papinold Jammu g u! a8e211o1/A spp asopalo3 pus 1gOQ paznoaS atp ale1aja00e ,ietu lapua-I 'Age Jr `SUOtlelitutj asagl 01 loafgnS 'suoil3e aIUSOpalo3 101 sajnpalOS atutl lsrigelsa ,ietu pug sa0pou 19110 10 saopou uoperpatu '91110 Ol 118!1 alp Jo ao1lou tprM 1o8e8uoIAI aprnold o1 1apuai annbal iirM Mer awls pus jelapa3 `saOUelsut atuos U1 yznVIaa NO SaIQanali '91 p1t !!lima `0 uedgnS `01761 lied "W d"0 L lit paurerdxa 1atjllnJ se `Alrpotutto3 Ie1nllnorl8e 1111 aonpozd of spuepaM 3o uo!slanuoo am 01 zo pugr arglpola /ilg8rg ;o uorso1a anrssaoxa Ol aingl1luoo IirM letli asodlnd a 1o; pasn 3111 spaaoold ueoi illy •0 fP 06 co ail L. Notwithstanding any of the language contained in this Mortgage to the contrary, the terms of this section shall survive any foreclosure or satisfaction of this Mortgage regardless of any passage of title to Lender or any disposition by Lender of any or all of the Property. Any claims and defenses to the contrary are hereby waived. 19. CONDEMNATION. Mortgagor will give Lender prompt notice of any action, real or threatened, by private or public entities to purchase or take any or all of the Property, including any easements, through condemnation, eminent domain, or any other means. Mortgagor further agrees to notify Lender of any proceedings instituted for the establishment of any sewer, water, conservation, ditch, drainage, or other district relating to or binding upon the Property or any part of it. Mortgagor authorizes Lender to intervene in Mortgagor's name in any of the above described actions or claims and to collect and receive all sums resulting from the action or claim. Mortgagor assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Mortgage. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement or other lien document. 20. INSURANCE. Mortgagor agrees to maintain insurance as follows: A. Mortgagor shall keep the Property insured against loss by fire, theft and other hazards and risks reasonably associated with the Property due to its type and location. Other hazards and risks may include, for example, coverage against loss due to floods or flooding. This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Mortgagor subject to Lender's approval, which shall not be unreasonably withheld. If Mortgagor fails to maintain the coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the Property according to the terms of this Mortgage. All insurance policies and renewals shall be acceptable to Lender and shall include a standard "mortgage clause" and, where applicable, "lender loss payee clause." Mortgagor shall immediately notify Lender of cancellation or termination of the insurance. Lender shall have the right to hold the policies and renewals. If Lender requires, Mortgagor shall immediately give to Lender all receipts of paid premiums and renewal notices. Upon loss, Mortgagor shall give immediate notice to the insurance carrier and Lender. Lender may make proof of loss if not made immediately by Mortgagor. Unless Lender and Mortgagor otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged if the restoration or repair is economically feasible and Lender's security is not lessened. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the Secured Debt, whether or not then due, with any excess paid to Mortgagor. If Mortgagor abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay the Secured Debt whether or not then due. The 30 -day period will begin when the notice is given. Unless Lender and Mortgagor otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of scheduled payments or change the amount of the payments. If the Property is acquired by Lender,, Mortgagor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Lender to the extent of the Secured Debt immediately before the acquisition. B. Mortgagor agrees to maintain comprehensive general liability insurance naming Lender as an additional insured in an amount acceptable to Lender, insuring against claims arising from any accident or occurrence in or on the Property. C. Mortgagor agrees to maintain rental loss or business interruption insurance, as required by Lender, in an amount equal to at least coverage of one year's debt service, and required escrow account deposits (if agreed to separately in writing), under a form of policy acceptable to Lender. 21. NO ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Mortgagor will not be required to pay to Lender funds for taxes and insurance in escrow. 22. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Mortgagor will provide to Lender upon request, any financial statement or information Lender may deem necessary. Mortgagor warrants that all financial statements and information Mortgagor provides to Lender are, or will be, accurate, correct, and complete. Mortgagor agrees to sign, deliver, and file as Lender may reasonably request any additional documents or certifications that Lender may consider necessary to perfect, continue, and preserve Mortgagor's obligations under this Mortgage and Lender's lien status on the Property. If Mortgagor fails to do so, Lender may sign, deliver, and file such documents or certificates in Mortgagor's name and Mortgagor hereby irrevocably appoints Lender or Lender's agent as attorney in fact to do the things necessary to comply with this section. 23. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Mortgage are joint and individual. If Mortgagor signs this Mortgage but does not sign the Evidence of Debt, Mortgagor does so only to mortgage Mortgagor's interest in the Property to secure payment of the Secured Debt and Mortgagor does not agree to be personally liable on the Secured Debt. Mortgagor agrees that Lender and any party to this Mortgage may extend, modify or make any change in the terms of this Mortgage or the Evidence of Debt without Mortgagor's consent. Such a change will not release Mortgagor from the terms of this Mortgage. The duties and benefits of this Mortgage shall bind and benefit the successors and assigns of Mortgagor and Lender. If this Mortgage secures a guaranty between Lender and Mortgagor and does not directly secure the obligation which is guarantied, Mortgagor agrees to waive any rights that may prevent Lender from bringing any action or claim against Mortgagor or any party indebted under the obligation including, but not limited to, anti deficiency or one action laws. 24. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Mortgage is governed by the laws of the jurisdiction in which Lender is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Mortgage is complete and fully integrated. This Mortgage may not be amended or modified by oral agreement. Any section or clause in this Mortgage, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any section or clause of this Mortgage cannot be enforced according to its terms, that section or clause will be severed and will not affect the enforceability of the remainder of this Mortgage. Whenever used, the singular shall ©199 AfSystems, Inc., St. Cloud, MN I1- 800 397 -23411 Form AG /C 10/25/93 (page 5 of 6) (9 Jo 9 950d) £6 /5Z /ol AM 09/w WIO (1.4EZ NW 'Pno (0'3S "ouI'swe3sAg siamue9 E661 O (ol(gnd 1ilemoN) (seas) :sandxa uomsslummo AIN •A1i3ua Jo ssautsnq a11jo Itugaq uo e (Al)u3 JO ssaulsn8 Jo OWON) (aleu) •ss 0002 '2IISWSiIdSS •ss (ma) (aznieu8rs) NOSZEd (III2i 1nI FI VMHDS rr I Z .auteNl Alqug JO hp (glen) (mu) eve JO (1ua u2pa(mou1ay Apug JO ssamsna) Aq sup auz aiojaq pa2painnouxaz seM luauntusui spu, 30 AINf1O0 30 3 LVJ S E00Z sai dx3 uclss;un: 141004A UpTI POPO l .1' (eas)0 kuno2 I^I S3IM CINV amusai 'flF'IIDS I mat CM/ EFINl-IS ad 1 W Aq jo hp Hy9 sup auz azopaq pa2paimouxoe sum luatunilsut spu, Imo= 30 AINf1OD Oiywpmvi 30 3.LVIS :J.•IdNI3ad'IA1010I3v •smatu2paimomps puu sainleu is `szo2s2lloint isuomppu Jo; uiazal palszod100ui pus pagoullu Si gatgm utnpuappy 3111 01 JaJJ ainmalS) (ainlsu21s) NOSZEd ailrelIPIN V ENMIDS 1 W :au1eN X1(1ug palep pus pus uoilniosa1 Aq mopq 8uiu8is sound aq1 o1 paluuz2 sum Aluollns 1un10y •a8s3uoini si11 ui aouassa 31133 si atuu, •32s2uoint sill Jo stural all aui ;ap Jo 1a1dJalui of pasn aq o1 13U are pus Aluo a3u0i113nU0O Jo3 an a8B 10JA1 sill jo suoiloas all jo s8umpsag pus suopdso atu, •1sin8uis all tsrnid all pus IeJnid 1111 apnioui (Ienp!A!Pul) •I a211," uo anogs palsls amp all uo a8u81zoyg sup Jo Ado° u jo ldiaoa1 sa8patmompi osiu Jo2s811oyg •sluautl0slle AUE ui puu a2118uoyni sill In pauimuoo sluuuanoo pus suual all of scads zo8e8uoys1 `moiaq 8utu2ts AEI :SdNI1.LiNjOIS •suttaZ iguomppy •passata1 'nun 133333 ui mutual 'pm a2e2110p sill `3ouelsq 01az a 01 pa3npa1 aq Asti' 1gau pamoaS am l2nogliy •uoisinold lipalo jo sup 8upgonal s sapnlout 1g3Q parnoos ag j •lip313 3o sun :a8s8uoint sup 01 aigsoiidde are &uimoiio3 3q1 `P0310010 JI *SIMI 2IHH,LO '8Z 'mammy's 8uiousulJ SB luai3J3ns si a8s8uoyni sup jo uoilonpoldaJ Ja1110 Jo a2euzi `oildsz2ologd `uogreo y •apo0 i11ioJatuuzo3 uuoJtun all Jo 6 apply 3o s3sodznd Jo luatualsls 8uiousut,I s SB p1o0a1 3o papj aq ABU' `bons se pus 1Uatualels 4U10usuu s se sa0gjns osis aSsdlzoyki si11 10111 sa2palmoln1011 pus saa1811 1o2112uoyni •lawman:4S 2upueu 3 sy 8utp/ •sa0110erd 1ipamm anildaoap pus nsjun 8uiu1ano2 suoilsifBa1 i11rapa3 aigeoiidds ui pauuap 3JE suual 303rd se mot „1aumsuoo„ a glim uoiloauuoo u i pam0aS „spool piolasnol„ se paquosap Auadord 'um sapnioxa Attsoi310ads „Auado1d ieuoslad„ tuual auj •Auadold am Jo aOusualurnuz 10 luatua2eustu `uotl11zado `dtlslaumo `uotlonrlsuo0 3111 ui injasn JO pasn am 11111 pus anunJ ag1 UT JO MoU SUMO JOSH 1O 1 Auadord Isuoslad jo stualt 1atllo Iis pus 'salg112umui i111aua8 `Jaded 13110110 `sluatuuulsui `slaatunOOp `sluno00e luatudtnba `AJOluanut `slOnpold uue3 its sapnlOUI ma'am Alun3as sill, •Al1adozd all upnt pal0auuo0 JO 110 pal11ool Auadord isuosrad i1E ui 'swam AllmOas 11 Japual o1 s1UBJ810 e2uoini •A1Jadoid Isuosaad „Auadold„ uum all ai papnioui aq osis pegs goigA jo us) stusi$ord JBluauturano2 mums pus s1UatuAed (NId) Pula ui 1QaulAed pue (alp) tu1JBo1d an1asau uollsAJasuo3 us `01 palms!! mu 1ng `BU!pnioui uta11 3o slijozd pus `sansst `511131 IIe se IIaM ss Auadold all uo pallool SIBJauitu pus Jaquzil `sdoio itu ui ma'am! AlunOas 11 Japua1 o1 slttB12 102e21.1011 •slloJd pus 'sansst 'sluag :sluJaug^i :Jaquzl,L :sdoJ3 •Auadozd alp 01 pal11ia. saInlxIJ =mall IIIM JO am 11111 pus a1n2nJ all ui Jo MOU SUMO Jo8u8310 11111 spool ite ui ma'am Animas 11 Japua' o1 s1u11J2 JoSatunni aanut13 •Auadold all no luatuanozdun 1111 Jo uotlortusuoO 3111 Jol p01ln0ui uop112iigo 1111 s3Jn0as 3 s2tun 1 spu, •usol uouanJ;suoD :a5eauoysi SUT '21U1!1 1011 op lnq `01 aig110ildds are gUIMOHOJ 3q1 'paaioal0 3I 'SNOISIAO?Id '3'3 '11 'LZ •Auadold all 02 &111etal s118t1 uoildtuaxa pealsatuol fe pus slasse pus snail JO 81,111121smmm 3141 8uip1E2a1 11811 Aire S3AIBM 10Ss81J0N 'Me1 Aq panqui Jd mama am of ldaoxg •S'IaAIVAt "9Z •S102s2uout TIE 01 a3ilou aq o1 pauzaap aq 'pm Jo2E21.1oul 3U3 0133120M lui21M ui palsu8isap ssa1ppe Ja110 Sus o1 Jo `a8s8uoN Si11 JO 1 32nd uo ssalppu s,Alrud alsudozdde 31101 IIBuz ssui0 1511 Aq 1! 2uppt z Aq Jo 1i 2uuaniiap Aq uani4 aq pulls 3311311 AUe 'mut Aq pannbar aS1M1a1lo ssaiun 'd3LLO14 •Sz Order Number: 01013799 SCHEDULE A LEGAL DESCRIPTION C� 6 U PARCEL 1: Lot 5 of the Jepperson Subdivision, according to that plat recorded March 22, 1995 as Instrument No. 799432, Plat No. 354. PARCEL 2: That part of Lot 2 of Block 20 of the Original Townsite of Afton, Lincoln County, Wyoming, it being the intent to more correctly describe part of that tract of record in the Office of the Clerk of Lincoln County in Book 344 P.R., Page 244, as follows: Beginning at the northeast corner of said Lot 2; thence N88 °14'04 "W, 80.0 feet, along the north line of said Lot 2, to a corner; thence S01 °45'56 "W, 61.9 feet to a corner; thence N88 °14'04 "W, 2.5 feet, to the southeast corner of that tract of record in said Office in Book 332 P.R. on page 24; thence S01 °45'56 "W, 66.3 feet along the east line of those tracts of record in said Office in Book 155 P.R. on page 342 and in Book 261 P.R. on page 342, to the southeast corner of said tract in Book 155; thence S88 °14'04 "E, 82.5 feet, along the north line of that tract of record in said Office in Book 338 P.R. on page 37, to a point on the east line of said Lot 2; thence N01 °45'56 "E, 128.2 feet, along said east line, to the corner of beginning.