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HomeMy WebLinkAbout86826303013854 bOc 3 ,H4 REAL ESTATE MORTGAGE AND SECURITY AGREEMENT Made By and Among ALL WEST COMMUNICATIONS, INC. as Mortgagor and CoBANK, ACB as Mortgagee Dated as of 2000 THIS INSTRUMENT CONTAINS FUTURE ADVANCE PROVISIONS. LINC;n c RECIVED E 03 SD' 734 BOOK 451 PR PAGE THIS INSTRUMENT CONSTITUTES A MORTGAGE AND SECURITY AGREEMENT COVERING BOTH REAL AND PERSONAL PROPERTY OF A TRANSMITTING UTILITY AND IS TO BE CROSS INDEXED IN ALL INDICES IN WHICH ARE RECORDED LIENS, MORTGAGES, OR OTHER ENCUMBRANCES AGAINST REAL AND PERSONAL PROPERTY. THIS INSTRUMENT CONSTITUTES A LIEN ON ALL AFTER ACQUIRED PROPERTY OF THE MORTGAGOR. 1 oop•ia; :1v •olazaq y„ xrpuaddy ur pagrzasap XpulnDnxxd MILT lunouw am uuaul Hugs `Xuu J! 'min Igau utnutlxumI poJ IuroxauzuzoJ uuOJrun agl zapun isazaluT ilunoas iiuu puu Isamu! X3!inoas u jo aznluu alp ur uoticrsuiil asua! iiuu `uorlousuuzl uorlualaz app zaglo JO ales luuorltpuoo Xuu `uoTlulrurtl lnotllrm `8urpnTOUT `�ilzadozd isuru8u purl Xuu jo a8zugo JO aouuzquznoua tau lsazalur Jo Opp Xlunoas luu18 `a8pald `a8u81JOUI IunsuasuoO -uou JO IunsuasuoO mu! uouzuzoa Jo X.Olnluas iiuu MOW hugs uatrl •£i•£ uopoag ur pagroads 8uruuaul agl anuq hugs slutaaluyx snopauzug •sluulunooxy orlgnd par rnj jo alnitlsui uuouatuy agl Xq pagsrlqulsa su saldrouud Burlun000u paldaOOU /iHuzaua8 maul !lugs dVV9 man!' „,D„ xrpuaddy uT pa1drluapr ',Cur J! `Xlzadozd agl uuaui hugs Xlaadoad paldaaxg i0•t uorloaS ur pagroads 8uruuaw agl anuq !lugs iInuJaQ Jo 3uang •£I uorloaS ur pagroads Buruuaul agl anuq !lugs mu/ muautuoainua SNOI LINIAM `I UIDLLUV •olazaq v„ xrpuaddy uo pagrluapr sluauraa12e IIu apniom Hugs sluauraai8v IrpaJJ `8uro8azoj agl Bulirulrl inogl! •joazagl sluawamsaz puu sluauzalddns `sluauipuauzu IIv pun 'ow! pazalua Jailuazaq Jo BuTlsTxa mou Jaglagm `suorlu8gg0 am of alma' 10 aouaprna gorgm aaBu81101A1 agl Jo JonuJ uT JoBu 1JOy\I agl Xq palnoaxa Jo aaBuBuoyAI agl puu JoBvBIJoyq agl uaamlaq sluauznoop puu sluaumJlsut `sluauraaJBu III uuaul hugs sluatuaaAv I!paaa °dVV0 zapun anvil /cage s8uruuauz aql anvI Hugs man!' pauHap asrmJaglo lou anq aBuBlzoyAI sell ur pasn suual BuTaunoOO\ •JUlnBurs alp sr pm su !umld alp apnlour urazag pautlap suual auj •asimzaglo sazrnbaz Xpraio lxaluoo agl ssalun `I0 °i uotlOaS sup ur patJroads s8utuuaul aga anuq hugs suual 2uTmollo3 aga `aBvBlzoyAJ sTtp ur azagmasla pauTap swim agl of uorlTppv uI °suotliuIaa •I01 uoipag •salt': s Pal!U11 agl Jo Alrluluauurulsur pazaazutp /IluzOPa3 u `(„aa2u2lzow„ agl pajluo zaljvutazag) gJy `,INyBoj P `098L£O Si zaqulnu uorluo Jrluapr JaXvdxul asogm pug gulp jo alums aql jo smu! alp Japan Burlsrxa ubrluzodzoo u „JoSr2lJoyv„ alp ppHuO zaTjuurazaq) 'DM `SNOI.LVDINIl OD ,LSgm TIy uaamlaq apuul sr „aBuBlzow„ sup poHup zal3vumzag) 0002 Jo sr paluP `INIMAGRIIDV AIIIII1D IS (INH liegE SIHI Mortgage shall mean this Real Estate Mortgage and Security Agreement, as it may be amended or supplemented from time to time. Obligations shall mean the payment of all indebtedness and the performance of all obligations of the Mortgagor to the Mortgagee of every type and description, whether now existing or hereafter arising, fixed or contingent, as primary obligor or as guarantor or surety, acquired directly or by assignment or otherwise, liquidated or unliquidated, regardless of how they arise or by what agreement or instrument they may be evidenced, including, without limitation, all loans, advances and other extensions of credit made to or for the account of the Mortgagor and all covenants, agreements and provisions contained in this Mortgage and in all Credit Agreements. Without limiting the foregoing, "Obligations" shall include those obligations evidenced by the instruments and documents described in Appendix "A" hereto. Mtg_tel.doc Mortgaged Property shall have the meaning specified in Section 2.01. Mortgagee shall mean CoBank, ACB. Permitted Encumbrances shall mean: 736 (i) as to the property specifically described in Granting Clause I, the restrictions, exceptions, reservations, conditions, limitations, interests and other matters which are set forth or referred to in such descriptions; and (ii) as to all Mortgaged Property, any Lien permitted under the Credit Agreements. Potential Default shall mean the occurrence of any event which with the giving of notice and/or the passage of time and/or the occurrence of any other condition would ripen into an Event of Default. Telecommunications Facilities shall mean all property, real or personal, tangible or intangible, of every kind, nature and description, and wheresoever situated, now owned or hereafter acquired by the Mortgagor, and used in whole or in part in connection with any telecommunications operations now or hereafter conducted by the Mortgagor, including, without limitation, the provision of services involving or relating to telephone, cellular telephone, personal communications services, radio, television and other voice, image and data communications of every type and description. Without limiting the foregoing, "Telecommunications Facilities" shall include all telecommunications and radio transmitting and receiving equipment, antennae, towers, satellite dishes, microwave communication equipment, machinery, computers, parts, tools, implements, poles, posts, cross -arms, conduits, ducts, lines (whether underground or overhead or otherwise), wires, cables, exchanges, switches (including, without limitation, host switches and remote switches), testboards, racks, frames, motors, generators, batteries, items of central office equipment, pay- stations, protectors, subscriber equipment, instruments, connections, appliances and other machinery and equipment. 2 powiargwq `saatini.zd `siiuti2 ITt puu Attu iapun puu oa `at ao2u3uoN alp jo Isamui put app TIV AI :paleool Janaaagm `aae21.1oj, alp paiinbou so pa1onisuoo 1a2Jraiaq JO `olasaq g xipuaddy ut pals!' sapunoo alp ui paltool pup JoSallow alp Xq paumo mou satwilioe3 suopeoiunu utooata1 IIu 03 pug ui 1o2uSpow alp jo lsa.zaaut puu app `1q ITv III `.Xpadoid 'tat Suzsudtuoo Arm jo puu sasuaott `s3ittuad `s3uauzasua `sarn1xzj ttu `uopu2iu ll 2notpIm zpntoui `pamo' 1ana.zagm `paitnboe .zaljuazag Jo `olaaag g„ xipuaddy ut pals!' sapunoo alp ui paieool pue Jo5apow alp iiq paumo mou iipado1d Iuaa ui ma'am! puu samsa 1atpo IIu 03 puu ui ao2apow alp jo Isamu! put aria 1 ITV II `.uoaJatp pawoot s3uatuanoaduzi put sgutpJinq TTu qUm iatpaol `xipuaddy lions ut gpoj las &m uutu asogi of asto ttoua ut pat `olazag „g„ xipuaddy ui paquosap Xuadoid Itaz ut sa3u2sa ptogasual put aaj asotp o3 put ui JoSapow alp Jo Isamu! puu aT1t2 `142i1 Ity I Xpadoad paRapow„ ag3 patluo 1a1Juuzaaag st gozgm jo Ile) Xpado.zd pa2daoxg utgp Jaw ,ivadoad paquosap 2 uimoIlo3 aq3 relauis put iiu 2uipapui `Ay2IgdO2Td U LdHOXU ANY ,Ld1OXg 'Mean nAazagm `iar21.1oJAT alp Aq pa.nnbou .zava.zag 3o paumo mou 1atpagm `algguu3ut JO algt2ue3 'paw" .zo Iuuosiad `feat `uopduosap put purl Xiang jo Jo2r2uomi alp jo sastgoutij put saatinud `slgpu `Xuadoid ITu `g'IvS dO 2IHMOd RUM `sugissu anuoadsaz sat put `aa2r2uoiAl alp own to guoo puu Jane las `apaid `aitoatpodiitl `aauouz `1aJsutal `u2!sst `Xanuoo `a3nuaile `pas `uivareq `3tI 1 Xga.zag saop `sasituaad alp jo uot3u1apisuoo ut `JoSu poy4t alp `painoas aq 03 are suopaggO alp goitlm uodn suompuoo put suua3 alp =Pap 02 pug 1 7 TOZ `T JagtuaoaQ jo alup X3un3uui u trim `ifut 3i Puri agaQ tuntutxty\I age o3 do `astmaatpo apuuz 10 `aouutuq Jagmo 10 OJOZ o1 uot3onpa.z u Jour aptuz `aa2r2pow age jo uozado alp aptw `4uauz3iuzuzoo u o3 3utns nd aputu are suot2attgO Bons 1atpagm `suot3uStlgO alp a.moas o3 aapro uI •sasnu1O 2upuna •I0•Z uopaas •paleoot st Xuadoad pa2r2pow alp Jo A tm gopim ut alums Xue jo apo0 Ieio.zatuuzoD uuojiun alp maul ITugs apop iupaatutuoD utaoJiun SiSfIVIn �I�IIZI�Iy2I� 'II �'IDIZ2iy rights of way and easements now owned, held, leased, enjoyed or exercised, or which may hereafter be owned, held, leased, acquired, enjoyed or exercised, by the Mortgagor for the purposes of, or in connection with, the construction, acquisition, ownership, use or operation by or on behalf of the Mortgagor of the Telecommunications Facilities, wherever located; V All right, title and interest of the Mortgagor in, to and under any and all licenses, ordinances, privileges and permits heretofore granted, issued or executed, or which may hereafter be granted, issued or executed, to it or to its assignors by the United States of America, or by any state, or by any county, township, municipality, village or other political subdivision thereof, or by any agency, board, commission or department of any of the foregoing, authorizing the construction, acquisition, ownership, use or operation of the Telecommunications Facilities, insofar as the same may by law be assigned, granted, bargained, sold, conveyed, transferred, mortgaged or pledged, including, without limitation, all licenses and permits issued by the Federal Communications Commission (the "FCC VI 738 All right, title and interest of the Mortgagor in, to and under any and all contracts heretofore or hereafter executed, as they may be amended or supplemented from time to time, by and between the Mortgagor and any person, firm, corporation or governmental body or agency, including, without limitation, contracts relating in any way to (i) the construction, acquisition, ownership, use, operation or output of the Mortgagor's Telecommunications Facilities, and (ii) the provision of telecommunications services; Also, all right, title and interest of the Mortgagor in and to all other property, real or personal, tangible or- intangible, of every kind, nature and description, and wheresoever situated, now owned or hereafter acquired by the Mortgagor, including, without limitation, all accounts, contract rights, general intangibles, chattel paper, instruments, documents, investment securities or other securities, equipment, inventory and fixtures (as such terms are defined in the applicable Uniform Commercial Code), it being the intention hereof that all such property now owned but not specifically described herein or acquired or held by the Mortgagor after the date hereof shall be as fully embraced within and subjected to the Lien hereof as if the same were now owned by the Mortgagor and were specifically described herein to the extent only, however, that the subjection of such property to the Lien hereof shall not be contrary to law; and Also, any Excepted Property that may, from time to time hereafter, by delivery or by writing of any kind, be subjected to the Lien hereof by the Mortgagor or by anyone in its behalf; and the Mortgagee is hereby authorized to receive the same at any time as additional security Mtgtel.doc VII VIII 4 aou jjtm ao2r21.1oyAI ags •SpadoJd pa i poytt uo saounxquinoug oN '£0'£ uopoaS aop• ia1 2nAl •spuutttap puu suuujo pr puu iiuu isumBr I iadotd pa uga.tow aga 01 app aga puaJap puu auu.uum JanatoJ Ittm puu `saouu.tqumoug paaattutad uuga Jagao `suan 1Ogao pr oa Jouadns a5u2asoykt sup Jo ua!Z atp anaasaJd puu utuauiuui `piudun utuutar Ijujs suopaijgp aqa JO /iuu sr 2uoj os 'JJTM .1020110w aqy •saouuJqutnoug paaauund adaoxa 'ma'am app alp Sunoajju uoq Xuu jo nap puu aa.rj sr Xiiadoad pau aroj aqj •passaidxa utataq sasodind atp .roj 410do.rd pa2u2a.1ow atp a2u2azoui oa Xauoganu jnjmuj puu 142u `pooE puu tuuos.iad iIu oa app ajquaalautu puu pool `1ia.zadoid p of ur saauasa pjogast;aj puu aaj jju oa app atquaaNi ur puu pooS suq io2u2a.toJ, aqJ •suaf anotuag pun ajliZ puajaa 03 .iaa;aoN :saounaquinaua palliucxad ao3 uopdaoxa :swan oNt :SpadoJd a2n23JOJAt 03 Aptoginv 'ZO'£ uopaaS •sajdtouud ajquatnba juJaua puu Xjivaaua satj31.1 ,sioatpato 2uraoaJJ1 smut Jujuuts JO umpoautout `uotaurtuuatoat `XouanIosut `Soadnnju q ajquoliddu pasodtu! Xatjtquaaaojua uo suotauauutj oa Xjuo aoafgns `stu.zaa anpoadsaJ Iraga gatm aotr pJ000u- 13T ajgeaazojua Ore gorgm Jogu21.1o1Aj atp 3o suopatjgo put ptjun `ju2aj aqa `aq 'pm paIanTIap puu paanoaxa uagm `a2u3a.toyAt sup 3o auatuaauasa1 Jo auatuajddns `auautpuatuu i(uu puu `st auSaaoyki sup puu `.au2atoyAI sup aanijap puu aanoaxa oa uoraot? alu .iodtoo Xq pur smut amaitddu IIu puu smujiig puu uopuJodhoout Jo sajoratu sat Japun pazuoganu st Jau2a.zoJAI ags •suopailg0 aignaoaojua :ua�lnZ uopay III :32n23JOJAt mil aaailaU pun alnaaxa 03 SliaOrllnv •IO'£ uopaaS :smojjoj sr aa2v21.1oyAt aqa gatm satreuanoo `aa2u2aaoyAI aqa Aq pantuttad astmragao su adaoxa `puu saumurAk `sauasaJdai io2r2poj aqd, 2I00VO UIOY\I HILL 30 SZNIVNIHAOD «NY SanNMV RIVM SNIOIZ�SNI�S�2Id 2IV'if10IIUIVd 'III W'IOIJ IV •paaujoap puu passaidxa 1a3Juura1aq sauatuaaigu puu sostnoid `suotatpuoo `stoma atp uodn puu sasod nd put sash alp Joj puu `pautuauoo utaaaq suorsrnoad puu sauatuaaz2u `sauuuanoo alp Jo aouuuuojiad anp alp `uotauauuq anogatm `Sutpnjout `suopu2440 aqa Jo aouutuuojiad par auatuXud am moos 03 `Janaaoj su2Issu antaoadsar sat puu as u2azoN am own iiazadoJd pauaaaoyA1 am mauls pug IT MOH OZ (INN IAVH OZ •paatsodap act iiutu owns alp gorgm ow! saun000n iagao Jo sarsodap pr put 1aaaioN alp Jo piatadotd paquosap -anoqu aqa Jo Iju puu A tm tuoij pug .ro pantaoat `panuap aura /iuu au sagauaq puu saonpoid `spaaoord `gsuo `sago.zd `sanuana.r `atuoout `saua1 liu pug sJaputuuta1 puu 1apututua1 `SUOISIanat puu uots.tana.t alp tptm `JoaJaga atud iiuu .10 Xiiadoid pn?saioju atp oa 2ururealaddu asrmifuu ut so 2uquojaq saouuuaunddu puu sauauruatpa.taq `sauatuauaa 0141 JujnStus PIT IT HJJM 2IIH.LgDO1 •aaSaatoyft alp Jo agauaq alp 1oj Japunatag 790 create, incur, suffer or permit to exist any Lien on any of the Mortgaged Property, except for Permitted Encumbrances. Except for claims giving rise to Permitted Encumbrances, the Mortgagor will promptly pay or discharge any and all obligations for or on account of which any such Lien might exist. Section 3.04. Sale or Transfer of Mortgaged Property. The Mortgagor shall not sell, lease or transfer any Mortgaged Property to any person or entity except as permitted in the Credit Agreements. Section 3.05. Payment of Obligations. The Mortgagor will duly and punctually pay all amounts due under the Obligations, at the dates and places and in the manner provided in all Credit Agreements, and all other sums becoming due hereunder. Section 3.06. Preservation of Franchises and Compliance with Laws. The Mortgagor will take or cause to be taken all such action as may from time to time be necessary to obtain, preserve and renew all franchises, rights of way, easements, permits, and licenses now or hereafter granted or upon it conferred necessary to the operations of the Mortgagor, and will comply in all material respects with all laws, ordinances, regulations, and requirements applicable to it or the Mortgaged Property. Section 3.07. Maintenance of Mortgaged Property. The Mortgagor will at all times maintain and preserve the Mortgaged Property and each and every material part and parcel thereof in good repair, working order and condition, ordinary wear and tear excepted, and in material compliance with all applicable laws, ordinances, regulations, and requirements, and will from time to time make all needed and proper repairs, renewals, and replacements, and useful and proper alterations, additions, betterments and improvements, and will, subject to contingencies beyond its reasonable control, at all times keep its plant and properties in continuous operating condition and use all reasonable diligence to furnish the consumers served by it through the Mortgaged Property, or any part thereof, with adequate services furnished by the Mortgagor. Section 3.08. Insurance; Restoration of Damaged Mortgaged Property. The Mortgagor will maintain insurance as required by the Credit Agreements. In the event of damage to or the destruction or loss of any portion of the Mortgaged Property, unless the Mortgagee shall otherwise agree, the Mortgagor shall replace or restore such damaged, destroyed or lost portion so that the Mortgaged Property shall be in substantially the same condition as it was in prior to such damage, destruction or loss. Provided no Potential Default or Event of Default then exists, the Mortgagee shall provide to the Mortgagor any insurance proceeds received by the Mortgagee upon such reasonable terms and conditions as the Mortgagee may require to ensure that such proceeds are used for the foregoing purpose and that such required replacement or restoration will be completed. The Mortgagor shall replace the lost portion of the Mortgaged Property or shall commence such restoration promptly after such damage, destruction or loss shall have occurred and shall complete such replacement or restoration as expeditiously as practicable, and shall pay or cause to be paid, out of the proceeds of such insurance or otherwise, all costs and Mtgtel.doc 6 L fitd Xug to X1.10dold pa2t21101AI aLi11i111 Juana atp uI •01J 'uo!ituutapuoD 'II'£ uotpas alggoonant pug 1satalut ug Ippnn paldnoo st luauzlutoddu gotgm `suotict gons avl o1 1ouJ- up- Aaulollu sip st aagalloj, alp slutoddu Algtzonant Agaxaq Io2g21loj, am pug `1o2u51.1oy\I 0141 Jo autgu alp ut pug loJ sluauznoop pug sluatunllsut `sfuatuafgls 2utouguij gons Aug plooal pug alnoaxa 'oval put uotlou gons Aug a7It1 Attu aaSapoyAI alp `pi•£ uopoas sup xapun pa.unbai uotfog Aug 0xgl o1 sltu3 .1o2apoj, alp Juana am uj °ao!j3o anpinoaxa patgo 511 JO ssautsnq jo aogld Itd!out1d S1t ui aauugo thug (m) pug `auniu 511 ut auggo Aug (tt) `paplooal uagl iou st aMllow sup dorm ut Alunoo Aug ut paitool ,illadold pa2g2floj, Aug jo dtgslaumo to uotitstnbou sit (t) jo aagdfloj, agi iijtou /ilidtuold hugs zo2g22.1oJ, alp `uotltppg uI °aa2g2ilow 0143 of sluauzntlsut to sluaulnoop Jaglo to sluautalddns to sluautpuautg paplooal pug palnoaxa !Ions lantlap putts pug a$g$1xoyAI sup Jo U V alp 01 !gal !Ions ioafgns of altudolddu to klESSa3au WE SE sluatuntlsut to sluautnoop Jaglo to a201low sup 01 Sluauiajddns to sluatupuaiug gons plooai pug alnoaxa Ilggs put C.laado.zd pal ut alma plotlasgal to aaj /tut jo uotllsinbot ag1 uodn iflldutold aa2v2pow alp ijtiou hags zoSgal.IoN 0141, •iaptmaaaq satpaulal pug slg�pl S atp lo/pug aMilow sup jo uan ag1 uttfutttu put 1oajlad o1 aa2g2iloj alp aiggua of `isanbal Amu as iloyv alp su sluauznoop put sluaturuisut `sluatuams 2upougu1J Lions jo klantlap pug Xuaut2palnkotplog `uopnoaxa aLii 2utpnput `sSuttll pug slog IF op Xpdutold hugs lo2g21loyAI 0141 `aa21SlloyAI alp Jo lsanbal aqf uoda •saaui inssy aagpn3 or uopaas •a2g23.1ow sup Aq palnOas aq hugs Isamu! panl00t pug saougnpg Lions III •a1tZI algtutn ItuotlgN s,aaMiloyAI alp anogg uinuug lad ohZ o1 sauzil pr it Tuba 0114.! u It !ma'agf lsalalut gltm aa2t21loJ aqf Xq apgui saoutnpt gons III pugutap uodn aa2t21l0JAT alp 01 /iud imp 1o51 1103AI ags °lapunalag palinbal aautuuoJzad Aug ul0lj lo2t$1l0JAI agf asnOxa JOU op= si aoutnpg Lions g01gm 01 loadsaa 1mm fingjac jo luang Aug 3o aaallojAI ag1 Ag lanttm t alnitlsuoa lou Ilggs aa2u2lloyAI 0141 Aq aOttgnpt gons Aug Jo 2unittu alp Imp `IOAOMO1 `paptnold :(saouuiquznoug palltuuad utgl .taglo) io2u iloyAI 0141 jo S1asSt 10 rifladold J01110 10 I1.tado1d pa2g2floyAI alp uodn uorj Aug to luaul2pnr Aug Jo a2.tugostp t o uopotiSt1gS atll pug Saxt1 JO sutntuiald aoutmsut Aug Jo luaulXgd alp `uotlgltunl lnogltm `2U!pnlout `sluauiaa12d ltpaJD alp 3o !CUE to 02E 21.101A1 SUp 01 lugnsind JO lapun to iiiladold paBafloyAI 0141 ut aa$u$11oyAI alp J0 lsalalut .10 11.121.1 Aug 10010Jd to anlasald O1 `sluauiaa y lipaiD 0141 Jo Aug to ag2lI0JAI sup 01 lutnslnd to u! apgtu Io2t2lloyAI aqf 30 luatuaal2t JO luguanoo Aug glim aougijduioo ammo 01 laplo ut `Jo2g21.101A1 aqf Jo jj ?qOq uo spunj aougnpg `01 mango aq lou Iltgs lnq `uotlalospp alos sIt up `,tutu aa2tglloyAI alp `amp 01 aural mold •A3aadoad paapoiAT paload 03 Sauoy,I puadxg o3 3'l R aa2g23Joy\I •60•£ uot3aas °astolaxa gons gltnn uotl0auuo0 ut aaMlloyi 0141 Xq paunout sasuadxa pug slsoo algguosgal Iig /cud Hugs Io2t21loJ, aqf pug `asoogo Amu aagavoiAl am SE puoq 10 Aotlod aOUginsut Aug Japun satpauIal pug s1g2l.I gons as1O.Iaxa o1 1ua`�t Si! Su aa2t2110iAT alp sfutoddt AIggoonaztt Agalaq lo2u2poyg am pug `aaRt$ilow alp Aq paltu2isap aq Amu gotgm pug puoq Altlapt3 to Aoilod aousinsut Aug lapun ant!! Amu 1! goulm saipatual pug s1g2u gons ast0laxa Hugs loRe2iloyAI aqf `aa2g21.10AI alp 30 lsanbal ag11V °saouulqumoug pa111ttuad 30j idaoxa 'sum H 3o map pug aalJ aq hugs p01O1S0l to paogjdal os Afladold pa g2fioysj aqf Jo uopilod alp 1tg1 palaldtuoo os aq pugs UOtltlolsal l0 luauIaDtjdal gons Imp os glimalagl uotfoauuo0 ut sasuadxa T G L OSEi8z i 3 thereof shall be taken under the power of eminent domain or like power, then, unless the Mortgagee otherwise consents, all proceeds and avails thereof shall be applied by the Mortgagor to the prepayment of the Obligations (such prepayments to be applied in such order and manner as the Mortgagee may, in its sole discretion, elect). Section 3.12. Conflict with Mortgage Terms. The provisions of this Mortgage and the Credit Agreements shall be cumulative and not mutually exclusive, notwithstanding any inconsistencies. Section 3.13. Environmental Representations, Warranties and Covenants. The Mortgagor makes the following representations, warranties and covenants, all of which are subject to any exceptions that the Mortgagor may have previously disclosed in writing to the Mortgagee, and which, to the extent that they deal with representations of fact, are based on the Mortgagor's present knowledge, arrived at after reasonable inquiry. (A) Use of the Mortgaged Property. (1) The Mortgagor shall: (a) use, handle, transport or store Hazardous Materials as defined under any Environmental Law (both as hereinafter defined); and (b) store or treat non hazardous wastes: (i) in a good and prudent manner in the ordinary course of business; and (ii) in compliance with all applicable Environmental Laws. (2) The Mortgagor shall not conduct or allow to be conducted, in violation of any Environmental Law, any business, operations or activity on the Mortgaged Property, or employ or use the Mortgaged Property to generate, use, handle, manufacture, treat, store, process, transport or dispose of any Hazardous Materials, or any other substance which is prohibited, controlled or regulated under applicable law, or which poses a threat or nuisance to public safety, health or the environment, or cause or allow to be caused a known or suspected release of Hazardous Materials, on, under, or from the Mortgaged Property. (3) The Mortgagor shall not do or permit any act or thing, business or operation that poses an unreasonable risk of harm, or impairs or may impair the value of the Mortgaged Property or any part thereof. Mtg_tel.doc (B) Condition of the Mortgaged Property. (1) The Mortgagor shall take all appropriate response actions, including any removal and remedial actions, in the event of a release, emission, discharge or disposal of Hazardous Materials in, on, under, or about the Mortgaged Property, so as to remain in compliance with all Environmental Laws. (2) All underground tanks, wells, septic tanks, ponds, pits, or any other storage tanks (whether currently in use or abandoned) on the Mortgaged Property, if any, are, as of the date hereof, maintained in compliance with all applicable Environmental Laws. 792 8 suorlou iiu 03 1ri hugs `asuadxa aios slT lu `lo2u21loJ,s ail `lapunalag s1q u laglo s,aa2uSlloyg ail Suinuq lnotpTm `uagl `anoqu gpoJ las sr sluauuaai2u to SaTlumllmm `suotluluasaldal sli jo iiuu jo gouaiq ut si loSu2lloj ail Juana ail uj °uoi ;o ff aniloaaao3 (J) °Apadold paBallow ail Jo luauuuopuuqu 10 laJSUUII Amu to `alnsopa toj jo nail ui paap u jo aa2allow ail Xq aouuldaoou ail `a2u21loyAT sill jo alnsoloalo3 10 aoumXanuooal ail qgalag palnoas suotlaTTgo ail Jo uopoYJspus ail `uotlmltunj lnoglim Tutpnlout `zanaoslugm Juana Aiuu 3o aouazzn000 ail antnzns Timis uiataq pauiuiuoo sapiuTUapui puu `Slumuanoo `satluullum `suouuluasaldal s,lo2u$izoyAT ails •saTicuutapul puu sluuuano3 'sapuuaauM 'suopu3uasaadag jo uotlunuquoD (d) •utalai pauTUluoo siuuuanoo puu `sapurelzum `suotpvluasaldal Tvluatuuortnua am grim ifidtuoo of zo$alloyAl ail jo alnliuJ Alum jo lno `izud ui to aioim ut `ApoalipuT to iilloalip 2utsum (sasuadxa puu saaj s,&autollu uotpuluuTT inoglim 2uipnlouT) glimazagl uopoauuoo LIT paunouT sasuadxa puu slsoo llu puv `purx Aug jo suopov luatuaatojua `sivauualinbal uvtlov Tu!patual `slaplo anpullsiunupu `sluaum4n1 `sa ratio `sa!2Tmuad `sauTd `sailitiquT `savuuvp `sassoT `su ?uTo iiu puu iiuv lstuau puu wag ssaluuuq `SUatssu puu Szossaoons sIT puu `slua3u `saa1ioldma `szoloaztp s `aa2u21loTAT ag2 Nog puu jiuuuapui of saaJSU zo2u2 llow ag L •Anuutapul •Sisal z0 suouoadsui lions uuojiad of palaTigo aq aa2uSlloj, j ail Timis saouulsUTnorto ou lapun lmgl `zanamoq `paptnold :isazaluT kiunoas sli loalozd o1 krussaoau azv sauTUualap `uouazostp aTos sii uT `aaRapoyAl ail su `Ailadozd pa2v2lzow ail apunuT AiluoisAgd 'cum iotim sisal zailo puu `2upsal zalumpunoz2 puu silos `hut sal aoupnsgns `uopeitulTT lnoiltm 2utpnjouT `slsai lions uuoj.Tad puu `uoazatp sautitovJ puu Alzadold pa$auop ail loadsui puu uodn zalua of `aoTlou aiquuosuaz uodn `uoiluzuoglnu puu asuaotT ajquoonazu uu `su2Tssu puu slossaoans `szolovzluoo `Sluulinsuoo `saaAoiduua `sJiatuollu `Sluau Slt `aa$ailoTAT ail of `iumj2 0l sluuual Aum ammo ilim puu `sluvl2 Agataq lo2u2iJOJA aqj •uotloadsul jo loRI (Q) •aaalloyAT ail 01 /Woo u apinold Aialvtpaulun hugs sluuual sli puu lo2u2lloy I ail `aoTlou goes Aum jo ldTaoai uodn •murT TuluauuuoJTAug iiuu zapun moo dnuuaTo 10 `jaiiaz anpounfui `Sa!livuad `sauuuup Alum 02 to luatuaoloJua anUuzlsTUttupu `uo1laT1TJ `uopapSaAUT gofS /Cum Ol 1ORallow ail ioafgns pjnom lvil aTquaasaloj Xiquuosuaz ApuaLTno azu 10 lstxa iipualzno suotlipuoo ou Imp Sluunum puu sluasaldal lailznJ lo$u2lloyq at •luilalmyAT snopluzu1 u Jo amp.' paualvalgl m to asvajal m `Ol asuodsal UT Alpo Tvluautulan02 Bons iii palznouT woo z0 `wag 2u1suu mm'j Fluatuuolinug dfuu lapun `sa2uuuup to SISO3 `XITTTqun 10j iililua iuluatuulanoa &iuu JO IOA1J UT uaTT u of loafgns si Alladozd paallow ail (T,) 10 :slmualuy4 Snopzvz1H Jo amp.' paualuazil v JO asualal v of 2uipuodsal to 2utnouzaz TuTluipauuaz `dn 2uTuuaTo Jo moo ail loj `lzud UT to aioim ut `aiquii are JO aq Attu sluuual SIT zo/puv zo$m21l0JAI ail :Xlzadold pav U0JAI ail uuozj sTuualvy\J SnopzuzIH Jo `asuaial 30 lmazgl u Si atoll 10 `asuajal u uaaq suq amp CO :zaplo .10 luauuapnf `mmZ luluautuoJTAug iiuu `aluloTA 01 lnogv aim to `paiuTo1A anvil sluuual Aug lo/puu loR14loTAT ail (j) :lugs puma!) .10 lump 'bulbul luTVldWoo TuTUlmm `Japlo `uoTlulTO `lanai `aoTlou Auv `pantaoal /Tail 0Avg IOU `0A!V 02 paztnbaz Mail azam lou `uanT$ anvil sluuual sli Jo Auu JOU lo2u2110yAT ail lagliaN •uoljualin .10 suiaigoad muaucuoainua jo aapom (3) CGZ c9roF39No O i68.463 794 required, including, without limitation, environmental cleanup of the Mortgaged Property, to comply with the representations, warranties, and covenants contained herein and with all applicable legal requirements and, in any event, shall take all actions deemed necessary under all applicable Environmental Laws. (H) Hazardous Materials Defined. The term "Hazardous Materials" shall mean dangerous, toxic, or hazardous pollutants, contaminants, chemicals, wastes, materials or substances, as defined in or governed by the provisions of any Environmental Law. (I) Environmental Law Defined. The term "Environmental Law" shall mean any federal, state or local laws, statute, ordinance, rule, regulation, administration order, or permit now in effect or hereinafter enacted, pertaining to the public health, safety, industrial hygiene, or the environmental conditions on, under or about the Mortgaged Property. Section 3.14. Agricultural Property. The Mortgaged Property, as in existence as of the date of this Mortgage, is not "agricultural real estate" as defined in Wyo. Stat. 1- 18- 1039(c). Section 3.15. Public Service Commission Approval. The Mortgagor has obtained, prior to its execution of this Mortgage, any necessary approvals and consents of the Wyoming Public Service Commission in order to grant a mortgage and/or security interest in the Mortgaged Property. Obligation; Mtg_tel.doc ARTICLE IV. EVENTS OF DEFAULT AND REMEDIES OF THE MORTGAGEE Section 4.01. Events of Default. Each of the following shall be an "Event of Default (A) default shall be made in the payment of any amount due under any (B) default shall be made in the due observance or performance of any of the covenants, conditions or agreements on the part of the Mortgagor in this Mortgage, and such default shall continue for a period of fifteen (15) days after written notice specifying such default and requiring the same to be remedied shall have been given to the Mortgagor by the Mortgagee; (C) any representation or warranty made by the Mortgagor herein, or in any certificate, instrument or document delivered hereunder, shall prove to be false or misleading in any material respect on or as of the date made; (D) an "Event of Default" shall have occurred under any Credit Agreement or, in the event any Credit Agreement does not contain specified "Events of Default," the Mortgagor 10 T 30p• ta; 2ijA si prd /CUP JO 'Nos aq oT Xipadoad age go!gm uT ietunoo /Cur lit amid lions uononu oTignd au `ma'am JO utaaag2 ao2r2pOJA ag; Jo puuuzap pur uimo 1saaa2ut pur `3oaaagp prd Aup JO Xpadoad p 1-1°w age arin2uts pur Itu pion aq asnro ao Has (J) pur `tuauriutoddr plus oval Arm appal aq Hugs uonroTiddr !ions goigm pnoo age augi stuasuoo ,ilssaadxa iigaaaq ao2r2poysI age `aantaoaa r jo ivauxlutoddr age aoj apruw aq iirgs uoproTiddr jT pur 'mg' 'cc" pantuuad aualxa tsaiinj aqi of `sasuo ariturts pur a3iti uT sxaATaaaa jo sannp pur siamod irnsn age Hu anu!i Hugs xan!aoa.z lions pur `uotaor JO 1ms lions JO tuantoouaunuoo age jo aum alp uioij prq ao panTaoaz `panuap `aantaoaa lions jo ivatututoddr aga aaur 2uTnaoor so anp tsrd uagt xamagm `utoajaaam 2utsur JO ma'am 2uiuTutzad spaaooad pur sugoad `sanuanaa 'outwit! 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Any sale to be made under this Section 4.03(C) may be adjourned from time to time by announcement at the time and place appointed for such sale or for such adjourned sale or sales, and without further notice or publication the sale may be had at the time and place to which the same shall be adjourned. Notwithstanding the foregoing, in the event another or different notice of sale or another or different manner of conducting the same shall be required by law, the notice of sale shall be given or the sale be conducted, as the case may be, in accordance with the applicable provisions of law. The costs and expenses incurred by the Mortgagee (including, but not limited to, receiver's fees, counsel fees, cost of advertisement and agents' compensation) in the exercise of any of the remedies provided in this Mortgage shall be secured by this Mortgage; and (D) in furtherance of and not in limitation of any other provision of this Mortgage, foreclose the Mortgaged Property located in Wyoming by judicial action or by statutory foreclosure by advertisement and sale pursuant to Wyo. Stat. 34 -4 -101 et.sec., as may be amended from time to time. Section 4.04. Application of Proceeds from Remedial Actions. Any proceeds or funds arising from the exercise of any rights or the enforcement of any remedies herein provided after the payment or provision for the payment of any and all costs and expenses in connection with the exercise of such rights or the enforcement of such remedies shall be applied to the Obligations in such order and manner as the Mortgagee shall elect in its sole discretion, and the balance, if any, shall -be paid to whomsoever shall be entitled thereto. Section 4.05. Remedies Cumulative; No Election. Every right or remedy herein conferred upon or reserved to the Mortgagee shall be cumulative and shall be in addition to every other right and remedy given hereunder or under any Credit Agreement or now or hereafter existing at law, or in equity, or by statute. The pursuit of any right or remedy shall not be construed as an election. Section 4.06 Waiver of Appraisement Rights. The Mortgagor, for itself and all who may claim through or under it, covenants that it will not at any time insist upon or plead, or in any manner whatever claim, or take the benefit or advantage of, any appraisement, valuation, stay, extension or redemption laws now or hereafter in force in any locality where any of the Mortgaged Property may be situated, in order to prevent, delay or hinder the enforcement or foreclosure of this Mortgage, or the absolute sale of the Mortgaged Property, or any part thereof, or the final and absolute putting into possession thereof, immediately after such sale, of the Mtgtel.doc 12 ET a paasanbaz aq hw se sauaurnzasur zagao put sauamSpapmourt `sauasuoo lions aanoaxa oa saaat Xgazaq zoStEuoJ, aqj •aagalioj, aga jo sugrsst put szossaoons aga jo rgauaq aga 01 aznur put 04 ssud Hugs as rSuow aga uodn pauajuoo JO oa paauuz2 Agazatl satpauiaz puu sag�rz `salaTa Fir puu `aou zo par loads os zagaagm `su2Isst puu szossaoons sar purq Timis 10201.10N aga jo jltgaq uo pauruauoo uiazaq sauauzaaz$t puu aunituapun `sasiwozd `suoitlndris `sautuanoo aq4 JO IIV •stalls\ puu saossaaang mama put pum o3 a21 .I0IA 'Z0'9 uot3aaS Ipadozd luaz aq oa pauxaap aq Timis uro2azop aga jo /Cut oa pagouaau Xlluotsicgd Auadozd zagao jIt puu `saurllotq suoutorunuI uooala j aga jo uorauzado JO asn `drgsxaumo `uot4isinbou `uoraonzasuoo aga garm uoraoauuoo ur Xuadozd luaz asn pauruago JO z02E2110W aga oa uanr2 JO paautz2 sauaurasua pug Munn Jo sag2rz liu `uo11u1runl 4nog1rnn Turpnlour quadozd paRe2uoj, aqa ur paouzquza sararlrotd suorltorununuooaJOJ, llt atgl zaauoyAI aga Jo uopuaaur aga aq oa pazuloap iigazag sr al °Spadoad ivag patuaaa Spadoad 10'9 uopaaS SIIOgwVTIaDSII,\I 'IA gZDIZUIV oop 141 •pzooaz aga uodn aBu uop snp jo uoraotjsrats zam Ilugs `asuadxa put asoo s ezatguoyAI am at 'am sons u! `aaRauoJAI aga puu `pion aurooaq puu aul uzaaap 'amp uodnazaga Iimis aatBuoj aga jo asazaaur puu alara `1q$rz 'alma aga puu zo2r2uoyAI am 03 azanaz `.102E2IJOIAT aqa jo asanbaz uaaaum aga uodn 'Hugs papal(' JO pauSIssu 10 pa/Ca/woo Xgazaq Isamu! puu `1ivadozd IF 'ono 1E41 ur puu uaga `sauauiaaaV arpaJD aga 30 /fuu zapun.102E2u0w am 01 saoutnpu a)Ituz 03 suorlt rlgo zagun3 ou azt amp puu `31 patuzojzad pug adaN aq oa pazrnbaz sauauzaaaV arpazD IIu ur puu urazaq sauuuanoo IIu uuojzad put daal Bugs put `zapunazaq zo2u21.1oj, am Act algthd sums zagao IIu prtd aq 0a asnuo JO iitd oslu Hugs puu `sluatuaaz2V 11pa13 aq1 ur paprnozd zauuuur aga ur puu sauzra aga au suogeSllg0 aga mud aq 01 asnuo JO iitd /ilrua put Ham Hugs zat2uoj, aga j •uotlotjsipu •a2u2uoyAl srga 3o suorsrnozd am 04 aoafgns `uiozpazaga 10 joazaga spaaoozd put s2Uozd `saonpozd `auzoour `s2uruzua `sanssr `sanuanaz 'qua' aga Aofua put asn `a�lta `anraoaz `aoalloo 01 `uoratarturl lriogarm Turpnlour 'ma'am 2uiurtuaddt sastgoutz3 put s1q u aqa garm `3oazagl aired Xut put aunts aqa asn put aatzado 'arum oa put quadozd paSauoysi aga jo uoissassod Itnaot ureaaz 01 pauruuad put pazajjns aq Hugs zat2uoj, alp `pazzn000 anus Iltgs alnt3aU Jo sauang a10W JO MO Iraufl •3I111JaU It3un UOISSaSSOd '10'S uoi3aaS /Art iiq uapprgzoj aq Hugs zanrum sans ssalun smtl sons Ilt jo iljauaq aqa sanrum Xgazaq `11 zapun JO ggnozga urrtlo iitur oqm Iit Put 3las1! zoj `.102r2uow aqa put `ltazag3 szastgoznd JO zasugoznd LGL NOIZJVdSIZVS !,L'If1Vd1Q 'II.LNf1 NOISSaSSOd 'A d'IDIIIIV S 'ZO'S u 9f 9SO Mortgagee in connection with the assignment, transfer, mortgage, hypothecation or pledge of the rights or interests of the Mortgagee hereunder or under the Credit Agreements or in and to any of the Mortgaged Property. Section 6.03. Headings. The descriptive headings of the various articles and sections of this Mortgage were formulated and inserted for convenience only and shall not be deemed to affect the meaning or construction of any of the provisions hereof. Section 6.04. Notices. All demands, notices, reports, approvals, designations or directions required or permitted to be given hereunder shall be in writing and shall be deemed to be properly given if sent by registered or certified mail, postage prepaid, or delivered by hand, or sent by facsimile transmission, receipt confirmed, addressed to the proper party or parties at the following address: Mtg_tel.doc Obf:i8Z,G3 As to the Mortgagor: As to the Mortgagee: All West Communications, Inc. 50 West 100 North P.O. Box 588 Kamas, Utah 84036 Attention: Manager Fax No: (801) 783 -4928 CoBank, ACB 5500 South Quebec Street Englewood, Colorado 80111 708 Attention: Communications and Energy Banking Group Fax No: (303) 740 4002 Either such party may from time to time designate to each other a new address to which demands, notices, reports, approvals, designations or directions may be addressed, and from and after any sucli designation, the address designated shall be deemed to be the address of such party in lieu of the address given above. Section 6.05. Severability. The invalidity of any one or more phrases, clauses, sentences, paragraphs or provisions of this Mortgage shall not affect the remaining portions hereof. Section 6.06. Mortgage Deemed Security Agreement. To the extent that any of the property described or referred to in this Mortgage is governed by the provisions of the Uniform Commercial Code, this Mortgage is hereby deemed a "security agreement" and a "financing statement" for said security agreement under the Uniform Commercial Code. The Mortgagor hereby grants to the Mortgage,e a security interest in the personal and other property included in the Mortgaged Property, and all replacements of, substitutions for, and additions to, such property, and the proceeds thereof. The Mortgagor agrees that this Mortgage or any reproduction hereof may be filed as a financing statement in the appropriate offices to perfect the security 14 SI oopla1 2lw aq1 2uT1np pug aouaunOOo 0141 uodn 'moo alp iiq patinbal aq situ! Imnolddu sit `1ajsuuil alp azuoganu of amp.' 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(C) The Mortgagor acknowledges that the assignment or transfer of each FCC license or permit is integral to the Mortgagee's realization of the value of the Mortgaged Property, that there is no adequate remedy at law for failure by the Mortgagor to comply with the provisions of this Section 6.09 and that such failure would not be adequately compensable in damages, and therefore agrees, without limiting the right of the Mortgagee to seek and obtain specific performance of other obligations of the Mortgagor contained in this Mortgage, that the agreements contained in this Section 6.09 may be specifically enforced. (D) In accordance with the requirements of 47 C.F.R. Section 22.917, or any successor provision thereto, the Mortgagee shall notify the Mortgagor and the FCC in writing at least ten (10) days prior to the date on which the Mortgagee intends to exercise its rights, pursuant to this Mortgage or any other document or instrument relating to the Obligations, by foreclosing on, or otherwise disposing of, any Mortgaged Property in connection with which such notice is required pursuant to 47 C.F.R. Section 22.917 or any successor provision thereto. 16 LT oggnd .to2apow `'DNI `SNOIIVDINf1111IL\IOD ISaM TINT 108 -9 :sazidxa uotssituuloo'CJA ni1dln .1(71sbss 4 00Z'SAIM sa.n'x' uo!ssit.uwop f'..' JV IS) .4046Cz 4e1r1 'RAJars A 014.4 wrlos 00,t 1ss3 Olt 3 1 0 3 ueA 'N epuem •I S mow() pur punq Aut ssauUUAk °OZ jo pup stgl �LA ud -pow-a/v aiojaq papaimou)ioe gem luaunumsui 2utoSaaoj ata •ss( iin901 942161,WAn dO a.LV.Ls •uaDum anoqe 1s.tt read pur hp aqi jo sr ire `pazpogini XInp oaunatam saaoujo palsaaiu pur paxijji mu aq of pas aleiodtoo ski pue aureu sat ui pau8is aq of a2e2i.toj, pasnuo suq `Jo21 JOJAJ sr "DN1 `SNOILVDINf1WWOD ISaAA 'TIV `dO12IaHAA SSUNLIM NI aop 21 1/1 (was) 08 APPENDIX A CERTAIN OBLIGATIONS; ETC. 1. The "Credit Agreements" referred to in Section 1.01 are as follows: Master Loan Agreement ML0726 dated as of 5 2000 2. The "Obligations" referred to in Section 1.01 are as follows: Promissory Note and Supplement No. ML0726T1 in the amount of $20,000,000.00, dated 3 2000 3. The "Maximum Debt Limit" referred to in Section 1.01 is $40,000,000. A -1 802 C 0 8 :pa�t?ooj si Jo2r2poJ,4 alp jo ivadotd ivaz goplAk u! sauunoj :alma pjogasuaj t? seta .to5r2uoyAi atp tjo!gm ut Auadoid juat jo suotiduosap i -1 •aoua.tapi Aq utaiati aaitodaoout puu oiataq patioeuu v atgtuxg aas :alma aaj t? suti Jaauoj,s alp iopim u! Xpadoid jo suotadposap irSa-I A L Iao2id VO L IOIA1 g XIaNIddV DunuoXM Jo aims `kjuno3 mum 2ufuo/A Jo alms `X3unoD uioouri auON 'Z i 0368.6.3 EXHIBIT A Tract One The following described tract of land in Lincoln County, Wyoming: The Westerly One Hundred Thirty Feet (130') of the Lot Numbered Two (2), Block 1 of the Stoner Kinney First Addition to the Town of Cokeville, Lincoln County, Wyoming. Tract Two The following described tract of land in Uinta County, Wyoming: 804 A parcel of land located in the Southwest 1 of Section 20, Township 15 North, Range 120 West of the 6' Principal Meridian, Tying within the City of Evanston, Uinta County, Wyoming, being more particularly described as follows: COMMENCING at the Southwest comer of said Section 20, thence S 89 °15'23" E, 1397.17 feet along the South line thereof; Thence N 0 °44'37" E, 1132.12 feet to a paint Tying on the North line of Cheyenne Drive as said Drive is described in Book 420, on Page 200 in the office of the Uinta County Clerk and Ex- Officio Register of Deeds, said point being the POINT OF BEGINNING of the parcel herein described: Thence N 29 °24'13" W, 457.25 feet to a point Tying on the Southeasterly line of a tract of land described in Book 344, on Page 36 in said Clerk's office; Thence N 51 °06'16" E, 60.83 feet along said Southeasterly line; Thence leaving said line S 29 °24'13" E, 110.03 feet; Thence S 60 °35'47" W, 48.00 feet; Thence S 29 °24'13" E, 358.38 feet to a point lying on the North Line of said Cheyenne Drive, said point lying on a curve concave to the South, said curve having a radius of 822.06 feet; Thence Westerly along said North line and along said curve 12.05 feet, through a central angle of 0 °50'24n the OF BEGINNING, said curve being subtended by a chord bearing S 65 °57'33" W, a distance of 12.05 feet. OSC,82 3 APPENDIX C EXCEPTED PROPERTY 1. All automobiles, trucks, trailers and other vehicles (including, without limitation, aircraft or ships) owned or used by the Mortgagor and any equity and other securities or investments of the Mortgagor in CoBank. 805