HomeMy WebLinkAbout868265eq hays Apedoid eql ;o esn pue uoissessod S,JO;ueJO ;ey; eeiBa J9M0JJO13 PUB 101 A1H3dOHd 3H1 d0 33NVN3INIVW ONV NOISS3SSOd
'e5a6poW sly} Jepun suone8pgo enl ;oedsel Jima lie wloped Allows pays Jo ;ueJO pus JeMoJJog pue 'enp sewooeq )I se e8s6po f
sly}
Aq patinas ssaupe ;gepul Its Japuel o; Red flays JeMoJJog 'e686I101A1 sly; ul pepinold esjMJ9y ;o se ldeox3 '33NVWHOdU3d aNV 1N3WAVd
•(JeMoJJog Io sseul41Jom ;lpej3 ay; uollsllwn uno14 ;IM
Bulpnloul) JeMoJJog ;noge Jo;ue10 o; uollalueseldel ou epew say 19pue1 (e) pue :uolllpuoo laiouauq s,JemoJJog ;noge uollswJo ;ul slsaq Bulnunuoo
e uo JeMoJJog woJ; Bulula ;qo ;o sueew a ;enbep8 pegsllga ;se say Jo ;ueiO (p) :Jo ;ueJO o; elgeopdd8 Jepio Jo eeioep pnoo 'uol1eln69J 'mg! Aug ;o
Uoi ;eloin 8 u! ;Inset lou op pue Jo ;;e .10 uodn 6ulpulg luewnAsul .1e4 ;o Jo luewa9J68 Rpm Jepun inelep 8 Li! ;insei .10 '14 ;1M ;011;1100 ;ou op e6e6pow sly;
;o suolslnoJd eta (0) !Apedoid ay; aleoeglodbq o; pue e6e6pow sly; ow! Jelue o} R ;uoy ;ne pue '1061 'JeMod fin; e4; say 101UBJ9 (q) :Jepuei lo ;senbej
6141 ;a ;ou pus ;senbeJ s,JeM0.00g ;e pe)nOexe 51 O8e6pow sly; (8) ;ey; s ;UaJJSM Jo;u810 •S3IINVHHVM UNV SNOI1V1N3S3Hd3H S.HOINVHD
etas Io JeMod a ;o oslolexe Aq Jo RpelolPnf Jey ;le'uolu08 eJnsoloaJo; Aug lo uol;aldwoo 10 juaweouewwoo s,lepuei Jey? Jo eio;eq'Rouelol ;ep
Jo; w18IO 8 01 pepl;ue eslMJey ;o s! Japuel ;ue ;xe et; o; Rouelollep Jo; wlel0 a 6ulpnloul '101;810 ;Sul8Be uol;08 Aug 6ul6upq woi; Japuel ;ueneid Raw
UO!I M Mel Jay10 Aug JO 'Mel „ROUelol;ep -flue„ Jo „UOnoe eu0„ Aug Io uossej Aq 6ulsp sesue;ep Jo swap He sanleM Jo ;ueJO 'SH3AIVM S.HOINVH9
:SWH31 DNIM0110d 3H1 NO O31d333V ONV N3AID SI 3JVO1HOIN SIHI 'SIN3Wn3Oa Q31V131:1 3H10NV 3OVO.1:1OW
SIHI amen H01NVHO d0 SNOW/01190 11V dO 3ONVW1:10dH3d (Z) ONV SS3NO31930NI 3H1 dO 1N3WAVd (0 39133S 01 N3AIEJ
SI 1 A11:13dOHd 1VNOSU3d ONV SMN3U 3H1 NI 1S31:131NI AlIHnO3S 3H1 ONV S1N3H d0 1N3WNOISSV 3H1 ONian1ONl `30V0IHOW SIHl
•RpedoJd
914} woi; penIJap s ;lleueq Jey ;o pus 'swami `sel ;Ie/oJ 'senssl 'ewooul 'senueneJ 'slue) min; pue ;ueseid p8 BMW „s ;pea„ ;Dom 841 *Weld
•sseupe }gepul ay; 4;1M uol ;oeuuoo u! pe ;noexe'6ul ;slxe JeyeeJaq Jo MOU J8141e14M'suuewnoop
pue s ;ueweaJ6e 's }uewnJ ;su! Jeylo 118 pue 'Ism; Io speep 's86e6;JOw 's ;ueweeJ68 R ;lJnoes 'seuu8JenO 's;UewoeJ6e Ie }uewuoJlnua 'suueweelBe
ueol `s ;ueweaJ6e ;lpeJO 'se ;ou RJosslwold 119 uol ;8;lw11 ;not }!M 8pnl3U! pus ueew „s ;uewnoop pe1819H„ spJOM eta •s;uawnao0 pa ;ei%
•uolloes „e Io ;ueJO„ ay} uI enoge pequosep s ;y8p pug siseJe ;ul 'R }JedoJd ay; ueew „Apedoid IeaEj„ spJOM 041 'Apedoid 189H
°RpedoJd 18uos19d ey; pug Apedoid leed e14; RleA113ello0 sueaw „Apedoid„ ;Nom eqj 'A;JadoJd
•RpedoJd 014; Io 1101 ;lsodslp Jay ;o Jo ales Aug woi; (swnlwejd
;o spun ;eJ pus speeooid eou8msui pa uo11e1lw1l ;no4;lM 6ulpnloul) speeoojd 11 y ;IM Jey;86o; pue :Apedoid Lions to Rue 'JOI SUO1 ;nA ;sgns 118 pug
;o s ;ueweoeldeJ ifs 'o; suo1 ;lppe pue 'sped •5uolsse038 11 LiIIM Jey ;e6o; !Apedoid lees 8141 o1 pOx!Ue Jo pey08118 Jeu /MJay Jo Mou pus 'JO}USJO Aq
paumo 1818910y Jo Mou Apedoid leuosJad ;o s9I0lp8 Jey;o pus 'sempci ';uewdlnbe p8 ueew „RpedoJd IsuosJed„ spJOM 641 'Rl<JadoJd IsuosJed
'WOE 'g Jegwe ;deg s1 e686poyy sal; 10 el8p R;un ;ew 841 ;ueweaJ6e J0 e;ou RJOSSlwold eq; Jo; suo11niusgns
pue ;o suoi8pposuoO 'Jo s6u10ueul ;eJ 'I0 SuougouIpow 'I0 suolsue ;xe ;0 slsMeueJ 118 411M .184;9801 'Japuel o; JemoJJO9 WOJ; 00'Z601,9$
to iunowe ledlou1Jd leul6Uo ay} u, '000a 'L£ Isn6ny pe;sp ;ueweaJ6e 1lpelo Jo e;ou RJosslwojd 04; sueaw „e1oN„ pJom eyi •a;oN
*weld pue Apedoid 'wowed ey; 01 Bw1e18J suolslnoJd }sale ;ul
haloes pue s ;uewu6lsss 118 uol ;ellwll mom sepniou! pub 'Japuel pus JOIU8JO ueeM;eq a8e6poW sly) sueaw „eCe6pow„ ;Nom au •a8e6;JOW
•e886poyy 9!14; Jepun
ea6e6pow 8U1 s1 Japuel 8141 •su6lsse pue slosseoons s 'HONVIj9 NOldV 1S3M >INVe 1VNOIIVN 1SliId sueaw „Japuel„ Nom eyi •Japuel
•e6e8po4 s14; ul pepinoJd se Slunowe Lions uo Isamu!
q ;!M Jay ;e6o; 'eDeevon 9141 Jepun JolusJO ;o suo1 ;8611go 8010;118 0; Japuel Aq pOJJnOU! sesuadxe Jo JolUe10 ;o suolu86pgo eB .1syoslp o; Japuel
Aq p80Uenpe JO pepuedxe siunowe Rue pue eIoN 641 Jepun elgeRed ;S8JO ;111 pue 18d10u1Jd 11e sueaw „sseupelgepul„ pJ0M 841 •ssaupe ;gapul
'Apedoid leer eta uo uoi0nJusuoo .181410 pus s;uawa08IdeJ 'suoluPp8 'S61llnog; 'Apedoid leeld eyi uo pexl4e S9wO1 epgow
`seJnpnJ;s 's6u1P1ng 's ;uewenoJdwl elnln; pug Bugslxe Ile uoI }e }1wll )not ;1M sepnloul pue SUSew „sluewenoJdwl„ pJOM 941 •s;uawenoldwl
•sseupalgepul 014; 411M uo110euuo0
111 sewed uol;8powwo00e pus 'seams 'SJOIu8J8n8 Stu 40 11e pug Loge uone ;lwll ;noyliM S8pnl0ul pub sueaw „JO ;;g18n0„ pJOM 8U1 •JO ;ummenO
*me! JO ;08J ;1100 Aq pepinoid eslnuey ;o se Idemxe e;oN 841 Jepun email RllsuosJed lop s! pue Japuel 0l R ;Jado.d ieuosled
pus slued eq; 111 ;swap! volt am 111 lsaJ8lul R;11nOes 81ueJ6 0; pue Apedoid meld 841 ul;se.1e ;u! 9,10111810 ;e14I RenuoO pue 4;816 01 /quo e6e6poyy
sly} Bulu6ls s! 'eloN 914; 11619 ;ou seop ;nq 'a6s8poyy 9141 su6ls o1M .1ouue .10 ALA/ •6686poyy s14; Jepun 1oBe6pow eq; s1 1o1u810 041 •9noga
pew8u =Imo 118 uo!1 ;no4}lM 6ulpnloul 'e8e6poW situ 6uun0exe sell) ;ue pug suosied pa pub Rub sueaw „.101;810„ pJOM 041 •10IuPJ0
•e6eBpow
sly; 40 11oIOas sseupelgepui Bul ;91x3 eq; uI moleq pequosap sseupe;gepul ey; u88W „sseupe;gapu! Buolslx3„ SpJOM eyi •ssaupa;gapul 6ui;six3
'NOSNHOf YANVI
PU NOSNHOf 'd AO1:11 Uo11 lno4l1M 6u1pnloul 'BM 841 6u4u61s Rll;ue Jo uosiod fume pub 14088 811e8W „J0M0JJ08„ pIoM eq.!. •Jemomog
•8opewy Io semis p9;lu fl 8111
;o Reuow In ;Mel 11! s ;unowa 11eaw Heys slunow8.18llop ou se0U61e ;e1 py 'epo3 I8l01ewwo3 mown 8141 u! SW181 Lions ou pa;nqugg s6ulueew eq; 8ne14
Heys e6e6polnl sly; u! peui8p es1MJ94 ;o 1011 SW191 •9686 ;.10144 sly; u! pesn U814M s6ulueew (Rlmollo; eta eney 11e4s SPJOM BuIMOIIoi 8141 'SNOIIINId3O
*spel pug RpedoJd teuosJed ey} u! ;MOW! Rlunoes epoo i8lolawwo3 WJO ;lung Jepual 01 s1Ue.16 JO;Ue10 'uo!I!P1
u! Apedoid eyi W0J1 S ;u8t1 ifs pue Apedoid et; lo semi He 01 pus UI ;SOJO;Ul pus 'eau '14611 S,JO;ueJO Jo pg Japuel 01 su6lsse R11ues8Jd 10 ;;819
•8ZLE8 AM '3NId1V N01:1 H31\I1:1 S.A3HD se UMOUM Aluowwoo s1 ssaJppe sal Jo Apedoid 1031:1 841
•6ulwoAM 'Iluno3 uloouf `maa13
A1uno0 ayf Jo 001140 an u! 13.1039.1 io geld IeLI 6ulp.l0o0e `uoisimpqns 5919183 Malna)le, '0LEg 1ol
:(„I(}JadoJd path. ayj) 6ulwoAM to awelS `A1uno0 N103NI1 u!
paleoo1 'sJ81I8W JBHw!S p;8 I8W1814 1006 '988 'Ho '81810uiw Ile U011814111 100411M 6ulpnloul 'Rpedo .1d seal NI 01 61111810/ s1l;oJd pue 'seg18R0J '9;14611 Jew
11 Pug :(s ;y6u uoi8611.11 10 001!p IBM wain u! a1001s 6u1Pnloul) s ;4611 yol!p pug sesmoOJeleM 'S114611 JO1eM 'Jal8M pg :Se0ueuepndde pug 'RsM Jo s ;y6u
's1Uew8s80 118 !seJnlxH pue s;uawenoldw! 's6ulpnnq pexl ;e Jo pe ;0ele Ri;uenbesgns 10 Bunslxe 11s 411m 1014 ;e6o; 'Apedoid 1901 peqposep BulMopo; e14;
o; pub u! ;se .1a ;ul pug '0g11 14611 8,J0 ;u8J0 10 118 Japuel 0; SRQAU00 pue sa6e64JOw JO UVJO 'uoI ;oJapIsuoo eIganIen Jod •30Y01 IoW do iNVHJ
„Japuei„ se Molaq poi a aJ)
OLLE8 AM 'UO1UV `OZ91. XOS Od leans uoi6u14seM t s! ssaJppe asoyM `H3NVH8 NOidV 1S3M
1VNOIIVN 1SHId pue „JOIueJD„ 90 Molaq o} paJJa4aJ) 8ZLE8 AM `3NId1V '90L8 XOS Od sI
ssaJppe asoyM `NV1N O31 *IWd V 'NOSNHOr 'd AOal uaann4aq `OOOZ `LE 1SflOfV 021V0 SI 3DVDi1:1OIN SIH1
A1N0 3Sn S.H301:1003H HOd SI 3NI1 SIH13A09V 33VdS
L U 8 3DVd ?Id
'2
T /4CTncn
0
3JVJ1UOIN
0L169 AM'LNIIV
OZ9L X08 Od
;aaJ ;S UOI PLC
NO1IV 1S3M )INV8 IVNOIIVN 1SH1d
:01 S33110N XVl UN3S
01 MB AM'uo4V
OZ9L X08 Od
;aai ;S uo tic
NVH8 NOLJV 1S3M NNV81VNOIIVN ISUId
:0111VW 03411033H N3HM
OLLE9 AM'MN
0E91. X08 Od
leans uo1 tiIE
HONVU9 NO1dV 1S3M 1SUI4
:AS a31S3l03H NOIIVOH0331:1
08 -31 -2000
Loan No 61009592 Obti8 :bj
MORTGAGE
(Continued)
808
Page 2
governed by the following provisions:
Possession and Use. Until in default, Grantor may remain in possession and control of and operate and manage the Property and collect the
Rents from the Property.
Duty to Maintain. Grantor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and maintenance
necessary to preserve its value.
Hazardous Substances. The terms "hazardous waste,' "hazardous substance," "disposal," "release,' and "threatened release," as used in this
Mortgage, shall have the same meanings as set forth In the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as
amended, 42 U.S.C. Section 9601, et seq. "CERCLA the Superfund Amendments and Reauthorization Act of 1986, Pub. L. No. 99-499
"SARA the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801, et seq., the Resource Conservation and Recovery Act, 42 U.S.C.
Section 6901, et seq., or other applicable state or Federal laws, rules, or regulations adopted pursuant to any of the foregoing. The terms
"hazardous waste" and "hazardous substance" shall also include, without limitation, petroleum and petroleum by- products or any fraction thereof
and asbestos. Grantor represents and warrants to Lender that: (a) During the period of Grantor's ownership of the Property, there has been no
use, generation, manufacture, storage, treatment, disposal, release or threatened release of any hazardous waste or substance by any person on,
under, about or from the Property; (b) Grantor has no knowledge of, or reason to believe that there has been, except as previously disclosed to
and acknowledged by Lender in writing, (i) any use, generation, manufacture, storage, treatment, disposal, release, or threatened release of any
hazardous waste or substance on, under, about or from the Property by any prior owners or occupants of the Property or (ii) any actual or
threatened litigation or claims of any kind by any person relating to such matters; and (c) Except as previously disclosed to and acknowledged by
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, except for the Existing Indebtedness referred to below, 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 Hen, or if
requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender in an amount sufficient
to discharge the lien plus any costs and reasonable attorneys' fees or other charges that could accrue as a result of a foreclosure or sale under the
lien. In any contest, Grantor shall defend itself and Lender and shall satisfy any adverse judgment before enforcement against the Property.
Grantor shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings.
Evidence of Payment. Grantor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and shall
authorize the appropriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments against the
Property.
Notice of Construction. Grantor shall notify Lender at least fifteen (15) days before any work is commenced, any services are furnished, or any
materials are supplied to the Property, if any mechanic's lien, materlalmen'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 applicatiop 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. Le�hall, upon satisfactory proof of such expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair
A ;lanoes pus sue! ey; (q) pue 's;uewnooa pelvic% e44 pue 'e6e6pon sly} 'e }ow ey; Japun JsmoJJOg pus JO;u8JO ;o suol ;eBygo ey; (e) enaesead
Jo 'enul;uoo looped 'e4eIdwoo 'ammo o; Jepao ul efquasep am Aaesseoeu eq 'Jepuel ;o uoluldo egos ay; ul 'Aew se s ;uewnoop Jay ;o pue
'se eol;HJao 'eou8Jnsso aaypn; to sIUawnJ4su1 'siuewe ;e ;s uo!enul;uoo 's ;uewe ;o ;s Bu!OUeual 'SlueweeJ6g A;Unoes speep A ;limes 'ism; ;o speep
'sa6s6pow yons Ilo pue Aug 'eloudoadde weep Aew Jepuel se sapid pue seawo yons ui pue sewn; yons 1g 'eq Asw ese0 ey; se 'pepaooeiei
Jo `pell;ei 'pepaooej 'pep; eq o; esneo 'Jepuel Aq pelsenbea ueym pug 'eau6isep s,Jepual o; Jo Jepuel o} 'peienpep Jo pe }noexe 'spew
eq o; esneo Hp Jo 'Jo/gap pug a ;noexe 'en= IIIM Jo;ueJO Jepuel ;o ;senbeJ uodn 'awl} o; awl; woi; pus 'awl; Aug ;y 'saouomssy Jayund
•e6e6pow
sly} to prd g ern 19%— ul— Aeuaoge pue seoueinsse aaypn; 01 6ugeleJ suolslnoad Bulmoi101 0 41 '101/A—NI—A3NHO11V !S33NVHf1SSV H3H1Hfld
•eBe6pow sly jo stied ;sin e41 uo pa ;e ;s se ery'(epoo lepiewwoo wiopun ey1 Aq pojlnbai 58 yoga) peulelgo eq Maw e686pow sly; Aq pa ;u8J6
isaaa ;ul A ;lanoes ey; BuluJeouoo uol;ewJO;ul yolym woJJ '(Aped peanoes) Jepuel pue (Jo ;qap) Jo;ueis ;o sesseappe Bupaow 8U1 •sesseippy
•Jepuel wool puewep ual ;lam ;o }dleoeJ Jeue sAep eeigi u1431M Jepuel o; aigepene
1! e){ew pus Jepuel pus Jo;u8J0 0 ;ueluanuoo AlgeuoseeJ eoeld ale pue Jeuuew a ul Apedoad leuosaad ey; elgwesse Heys Jo;uyio' }ins ;ep uodfl
•;seae ;ui Aiunoes sly; Bulnul ;uoo Jo 6u1 ;oe;aed ul peJmoul sesuedxe He Jo; Jepue esangwlea Heys Jo ;uene luewe;g ;s Bul0ueu!l 8 se eBe6pow
sly;
jo suo1lonpoadei Jo seldoo 'spedie;unoo pe ;noexe ell; 'JO;uejo woo; uoII8zuoy ;ne aaypn; ;noy }lm pus awl; Aug is 'Amu Jepuel 'spaooea
Apedoad leei ay; ul a6e6pow sly; Buipaooei o1 uol ;lppe uI •Apedoad feuosJed pus s;uea ey; ul ;seae;ul A ;lanoes s,Jepuei enulluoo pue looped
o} Jepue'l Aq pe ;senbaa sl uoo ;0g Jay ;o JOneleym op; pue s }uewe ;e ;s Buloueul; alnoexe Heys ao;ugie 'Jepuel Aq ;senbeJ uodn •ISQJa ;ul A;pnoaS
•awl; o; awl; wog; pepuewe se epoo leioiewwoo waollun eq; Japun Aped peinoes a ;o s ;y6u ey ;o Ile envy pus Jepuel pus `Apedoad
leuosaad Jey }o Jo seanlxl; se ;n }I ;sumo Apedoid ey; to Aus ;uelxe ey} o} ;ueweaJ6e A;IJnoes s 81111 ;suoO Heys ;uewnJ ;sun 5141 1ueweeiBy A ;IJnoeS
•e6e6pow
sly; ;o ;Jed a 8JB ;ueweeJ6e AJ1anmas a se e6e6pow sly; 01 Bul ;eleJ suolslnoad 6111m0110J 841 'S1N30131VIS ONIONVNII U1N3W33HOV AIIHf133S
•Jepuel o; AJO1o13;sties A;1Jnoes Je410 Jo puoq Awns e;wodaoo 1ua!O!Uns a Jo yse0 Jepuel y ;lm spsodep pug uo11oes
suell pue saxel ey; ul enogg paranoid se xg} ey; s ;se ;uoo (q) JO }uenbuilep sewooeq ;1 eao ;eq x81 ey; sAed (8) Jay }le Jo1UeJ0 ssefun Moleq
paranoid se 11nelea ;o ;uen3 us JO) selpewww elg8;lgne s ;I ;o lie Jo Aug esloaexe Aew Jepuel pus'(moleq peul;ep se) ;Ina ;ea ;o luen3 uu se ;0eJJa
awes ey1 (MEN Heys luene sly; 'eBe6pow s14a ;o Epp ey; o; ;uenbesgns pe ;oeue sl selldde uol;0es sly} y014M Ol xv; Aue ;I 89x81 luanbesgns
•JemoJJog Aq epuw ;seae ;ua pUe lgdlouiJd ;o s ;uewAed uo Jo sseupe;gepul ey ;o uolpod Aug JO pe uo x84 OWOeds a (p) pUe
:elON ay; jo Jeploy ey; Jo Jepuel ey; ;sule68 elg8e6Jey0 eBe6pow ;o edA; sly; uo x8; a (o) :e6e6pow jo edA; sly; Aq peinoes sseupe;gepul 841
uo s ;uewAed wall;0npep 01 pennbea .10 pezPO4lne s! Jem0JJOg yOayM JemoJJOg uo x11; 011IOeds 8 (q) :e686;iow sly; Aq peinoes sseupa ;gepui e41
;o lied Aug JO Ilo uodn Jo e6e6pow ;o edA; s14w uodn xel o!;!oeds o (e) :selldde uol ;0es sly; y014m o; sexel e;nl!suo3 Heys Bulmollo; 8u1 saxel
'eBe6pow sly; BuiJe ;s!BeJ Jo Bulpaooea Jol seamgy° Jeylo pus 'sdwe ;s AJgluewnOOp 'sea; 'sexy;
Ile uo11gpw11 ;noy;lm BuipniOul '96e6;JOw sly; Bulnul ;uoo Jo Bul ;Gaped '6ulPaooei ul peaanoul sesuedxe Ile 4;im Jay ;e6o; 'moleq peq!JOsep se 'sexy;
Ile JOl Jepuel asangw!ei Heys Joluea0 •ApadoJd 189H ey; uo uell s,Japual enup00 pue ;oe ;Jed o} Jepuel Aq pe ;senbeJ sa uol ;0e Jaylo J8n8 1gym
ene1 pug eBe6pow sly; o; uolpppe ul sluewnaop yons elnoexe Heys ao ;118.0 'Jepuel Aq }senbaa uodn •saBiey3 pue seed 'semi lua1m3
:e6e6pow sly; l0 pgd g 8Je se6Jey0 pue
588; 'Saxe; I8 ;uawweAo6 01 6ul ;eleJ suolslnoad Bulmollo;
•401 ;edlO ;;JOd yons }lwaed 01 awl; 0; awl; woJj ;I Aq pe ;senbeJ eq Amu se s ;uewnJ ;sun yons Jepuel 01 peJenlfap eq
o;
esneo Jo Jenllep Ham Joluvao pue 'e01oy0 umo 511 ;0 iesuno0 Aq Buapee0oid ay; ua pa;ueseJdei eq 0; pug Bu1PeeOOJd ay; ua e;edloiped o; pal }l ;ue
eq Heys Jepue11nq 6ulpeeooad yons ul Aped leulwou ey; eq Aew Joanuo •payms ay; ule;go pug time e4; pualep 01 AJesse08u eq Aew se sde ;s
yons e)e; A;;dwoad Heys 101480 pug 'BuIIIJM ul JepUe1 All;ou AHdwoJd Heys J0IU8J9 'pep; si uolg8uulepuoO ul Bulpeeooad Aug II 'sBulpaa30Jd
'uoieuwepuo0 844 y1lm uol;OauuoO ul Jepuel Aq peamoul see; sAewo;le pue
'sesuedxe's1so0 efgvuosee. Ile ;o ;uewAed Je#18 paeme e41 ugew Heys paeme ey1 jo spe000ad ;au e41 •Apedoad eta jo 401 ;BJo;s8J Jo JledeJ ay; Jo
sseupa ;gepui ey; 01 palldde eq paeme ey; ;o speeooid 4eu ey; 40 uolpod Aue Jo He win eJlnbei uofo81e s ;l ;e Aew Jepuei'uol ;euwepuo0 ;o ne!I ul
eseyoand .10 Bulpeeooad Aug Aq Jo s6ulpeeooad ulewop;ueulwe Aq peUwepuoo s; A ;JadoJd eta ;o ;Jed Aug JO !MR 'speaooid 13N 40 uofloollddy
'e6e6pow sly} 40 lied 8 818 Apedoad MB 10 uol ;guwepuoo 0; 6111 ;alai suolslnoad 6uamo11o; 8111 'NoI1VNW3aNO3
•Japual 40 luesuo0 ueplam Jo1Jd ey11no41lm ;ueweeJ6e Awn0eS yons Aug Jepun seam:mpg canln; Aug;deooe Jou ;senbeJ Jay;lau Heys JoluBJo
•Jepuel ;o ;UeSUOO UO4UM JoIJd 8Ul ;noy ;lm pemeuaJ Jo 'pepua;xe 'pepuewg 'peplpow 5! ;ueweeJ6e 1841 y0114m Aq a6e6pow sly; MAO A;IJOIJd 8814
yOlym ;ueweaJ6e A4;Jnoes Jey ;o Jo ';snJ; ;o peep 'e6e6pow Aug 4o Jeploy eyI yllm lueW89J68 Aug ow! Je;ue jou Heys Jo1u8J0 •uope0111p0W oN
pue enp Ale;elpewwl ewooeq Heys e6e6pow sly; Aq peinoes sseu e e u 8 'Ja ue line ;e ul aq Heys eBe6 ;JOw sl0; pue goot;
P lq P I 41 P 1 to 1101 ;do all 1e 'uayl 'ulaaay} polaed e08113 elgeO1lddg
Aue 6uunp piano eq ;ou pue sseupa ;gepui yons Bulanoes IuewnJ ;SUI ay; Japun Jn000 ;Ina ;ape PInoys Jo 'ssaupe ;gepui yons Bulouepine
e ;ou ey; Aq paJlnbeJ awl; ey; wy;;m epew ;ou 5! ssaupe ;gapul BuHslx3 841 uo 158.181U! Aug Jo IedlOUlad 40 ;uawlle ;sul Aug ;o ;uewAed eta 11 •llnelea
•ssaupe ;gepui yons Jo; s ;uewnoop A1unoes Aug Japun 11ne;ep Aus Jo 'sseupa ;gepui yons Bulouepine s ;uewnJ ;sun ey; Japun
llno;ep Aue 'sseupa ;gepui yons uo ;Ina ;ap Aug ;uenead o; pue sseupe ;gepui Bul;slx3 ey; ;O ;uewAed 8410; Oas JO 'Aed o; SeeJBE pue S4U8U8A00
Aissaadxe JOIUeJS yell 6ul;slxe ue o; Jolae;ul pug AJepu008s eq Amu sseupe;gepui ey; Bupnoes e6sB ;Jon sly; ;0 yell 841 yell BuHs;x3
'e6sB ;Jon sly; ;0 VFW 8 9Je „sseupe;gepul Bullslx3„ e4 sseupe ;gepui Bul;saxe 6uluaaouo0 suolslnoad Bulmollo; 841 'SS3NO3193aN1 ONI1SIx3
•sa!;IJOy ;ne ie;uewuJeno6 10 suol ;elnOeJ pU8'seoueulpJo
'smei elgeo!dde Bul ;slxe pg y ;lm selldwoo A ;JadoJd ey; 40 esn s,Jo ;ueJO pue ApadoJd ay; ;ey; s ;ueJJem Jo;u8J9 'shun y ;lM QOuolldwo3
•uol ;edlol ;Jed yons 'pied o; awl; 01 awl; woJ; ;senbeJ Aew Jepuel se sluewnJ;sul yons Jepuen o}'peaenpep eq 01 esneo
JO 'Jenllep film Jo}u8JO pue '001040 umo S,Jepuel ;o lesuno0 Aq Bulpeeooad ey; ul pe ;ueseadei eq o; pus Bufpee00Jd ey; ua e;ed;O; ;Jed o; p
eq Heys Jepuel ;nq Bulpeeoad yons ul Aped leulwou 941 eq Amu JO;u8JO •esuedxe 5,J0;u8J9 4e UNO8 841 pue4ep Heys Jo ;uelo 'eBe6 ;Jon
sly} Japun Jepuel 40 ISOJe ;111 844 Jo epl; s,JO;UBJE suol ;senb 1gy; peouewwoo sa Bulpeeooad JO U01 ;0e Atm Juana ey; ui •suosied p8 ;0 swlel0 In;MaI
eta ;swag ApadoJd eta 01 awl ey; pu848p Jan0J04 HIM pUe s ;ueJJem Jo ;U80 'enogg ydeJ68J8d 014# ul uoi ;deoxe ey; 01 ;oefgns eau to asualaa
•Jepue10; e6e6pon sly; Jenllap pus a;n0axa o; A ;IJOy1ng pue 'Jemod
pn; ey; 581; Jo ;u8JO (q) pue `e6e61Jon 814; LOW uoljOeuuoo ul Jepuel 'Aq pe ;deo08 pus ;o Jone; ul paned uoluldo epl; foul; Jo 'yodel ENV; 'Aollod
eOueJnsul ei ;l; Aue ut Jo molaq uol;0es sseupe ;gepui Bul;slx3 ay; ul Jo uol ;diiosep ApadoJd le8H 841 ul ypo; ;es esoy; Lima Jay ;m seOugagwnOUO
pue sue!! Ile l0 .18810 pue e8a; 'eldwls ea; ul ApadoJd eU1 0; pJ008J ;0 81114 a1gelei!Jew pus p006 spfoy Joweio (s) :;ey} SIUBJJem JO}umJO •aB11
e6e6pon s1 Jo pad 8 sae R }JadoJd e4l 40 dlysaaumo o; Bul;gioJ suolslnoad Bulmollo) 0 41 '31111 AO 3SN3d3a !AINVHHVM
Hey aney mom eslmJey ;o ;l ;ey; Apewej Aus w0J; Jepuel Jeq o; se os ;lne ;ep eyl Buuno se pent ;suoo eq lou Heys Jepuel Aq Uoa ;OE yons Auy
•;ine4ep ey} l0 jun0008 uo pallllue eq Amu Japue1 y0lym 01 selpeweJ Aug J0 511461) imp Aug 04 uol;lppe ul eq Heys yd8JB8Jed sly; u1101 paranoid s;y6;J
041 •s4unowe esoy; ;o ;uewAed woes Hlm osle e6e6pon 5141 •A;1Jn ;ew s,e ;oN ey; le elgiAed pue enp eq Him y01ym ;uewAed uoopeq a se pelveJ;
eq (0) Jo 'eloN eta 10 was; BululeweJ 841 (H) Jo Aollod e0UeJnsul eigeopdde Aug 4o was; ey; (1) Je441e 6ulanp enp ewooeq o; sluewAed ;uewpe ;sun
Aue y ;lm eigoAed eq pue Buowe peuolpodde eq pus 010N 84! ;0 eOueleq ey} o; peppy eq (q) 'puewep uo elg8A8d eq (o) Him 'uol ;do s,Japuel
;e 'sesuedxe yons ly •Jo ;ueJO Aq ;uewAvdej }o e;vp e41 0; JepU81 Aq pled Jo peJJnOUI am; ey; wOJI eIoN ay; in Jo; paranoid e;8J ey; 1 ;melt/ JEaq
iIm Bum os ul spuedxe Japu8118y11unowe Auy •e4OIJdoJddO sweep Japue14gy; uolloe Aue a)ie ;'o; paJlnbeJ aq;ou Ileys pig 'Aew ;leyeq S,JO ;u8JO uo
Jepuel 'Apedoad e4; ul s;seJe;ul s,Jepual ;0eye AIl8uelew pinom ley; peouewwoo sl Bulpeeooad Jo uol ;oe Aug if Jo'molaq paJlnbeJ se Bulpue ;s pooh ul
ssaupe ;gepui 6ul ;81x3 ule;ulew 0; uol;e6Hgo Aug Bulpnfoul 'e6e6pon sly; 4o uolslnOJd Aus y41m Aldwoo 0l 5118; Jolu8J
•A ;JadoJd e44 l 1500 ;ueweo8idei amen yse0 ey; eu1WJa;ep Jepuel 0; AJO }oe ;sl ;es Jeslgadde ;uepuedepul ug envy 'Jepuel ;o ;senbeJ uodn 'Heys
Jo ;unne •Aollod ey; 10 e48p uo!8Jadxe 844 (0) pue :amen 484; BuluIWJa;8p ;o JeUUBW 014 pug 'Apedoad yons 4o anion 1UOwe0eldeJ weJJnm ue41
eta 'pOJnsu1 Apedoad ey} (p) :Aollod 84# to lunows ey; (0) :paansui sp1J ey1 (q) :JaJnsul ey; to eweu 0114 (e) :Bulmoys eOU8Jnsul 10 Aollod 6ul;slxe
yoga uo podea a Jepuel 01 ysluJn; Heys JOIuOJo 'JseA a emu) ue44 wow IOU JeAOMOy 'Jepuel ;0 4senb8J uodn 'aougmsul uo lAode! s,io;ugl0
•sseupeigepul BuHslx3 044 l0 Jeploy ey4 0; elg8Aed 4ou speeooid ey;
to uolpod ;844 04 Apo Aldde Heys Sp88OOJd 4 uolslnlp Jo; e6e6pon sail ul suolslnoad eU1 '8801 uo eig8Aed ewooeq 8OuOJnsU1 ey; WOJ4 speeooJd
Aue ;l ;ueweianboi 00u8Jnsua ;o uo!OO1Idnp a O4n4a4suo0 mom e6e6pow sly; 10 SWJ8; 944 U4im eOuelidwo0 IUO;xe 844 0; '8606110 in; say; Japun
suolslnoad eoueansua 844 y ;lm e0ugpdwoo a1n41suo0 Hays sseupe;gepui Bul ;sax3 yons 6ulouepane IuewnJlsul e4a ul pp m= 400 suolslnoad OOU8Jnsul
ay; y ;lm 80ue11dwoo';08448 uI sl m0ieq pequosep sseupe4gapua 611 11 8 ,x3 AU8 y014m ul roped 844 Bupna •sseupa;gepul Bul ;51x3 tam aOuulldwo3
•ApadoJd yons to ales eansoIOOJO; Rue le Jo 'eBe6pow 5144 ;o suoasanoJd ey; Japun play 01es Je44o Jo ales s,ee ;snJ; Aue 4e e6e6pow
5141 Aq peJeno0 ApadoJd eta jo JeseyOJnd 044 '04 ssed pug ;o iiieueq O4a 04 mu! Heys 80ueansua peJldxeun Auy *en 48 aOue.msul paydxau0
•ao ;ueJO o} pled eq Heys spea0oad 4ons'sseup8 ;gepui ey1 l0 ion; ul ;uewAed JO48 spaa00Jd Auy
sploy Jepuel ;I •sseupelgepul 844 to eouelgq 1edlouIJd e41 o4 peIldde eq Heys 'Aus 4l 'JepuleweJ ey; pue '190191111 penamme Aed 01 ue44 'a6e6pow
5144 Japun Jepuel 04 BUIMO Iunowe Aug Aed 01 Isla; pesn eq Heys ApadoJd e41 ;o uoo ;8JOIseJ JO JlgdeJ ay; 04 pe;}lwwo0 1ou say JepUe1 y014M
pue ;daa0ea Jaa41 J8148 sAep 03 1. uIy41m pesangsip ueeq lou aney 401yM speeooid Auy •e6e6pow say; Japun llnelap ul 4ou 5! JoIu8JO 11 U014e104SOJ Jo
ab
6G8
O41 'S3111HOHIf1V 1V1N3WNH3A00 A9 S30HVH3 aNV S33d'S3XV1 AO NOIJISOdWI
(panui}uo3)
3 Jb. 'N
O 41 113ON31 AS S3H1111aN3dX3
Z69600L9 ON Ueo7
S9 S19N0 mr -LE -80
08-31- 2000 MORTGAGE
Loan No 61009592 (Continued)
810
Page 4
interests created by this Mortgage on the Property, whether now owned or hereafter acquired by Grantor. Unless prohibited by law or agreed to
the contrary by Lender in writing, Grantor shall reimburse Lender for all costs and expenses incurred in connection with the matters referred to in
this paragraph.
Attorney -In -Fact. If Grantor fails to do any of the things referred to in the preceding paragraph, Lender may do so for and In the name of
Grantor and at Grantor's expense. For such purposes, Grantor hereby irrevocably appoints Lender as Grantor's attorney -in -fact for the purpose
of making, executing, delivering, filing, recording, and doing all other things as may be necessary or desirable, in Lender's sole opinion, to
accomplish the matters referred to in the preceding paragraph.
FULL PERFORMANCE. If Borrower pays all the Indebtedness when due, and otherwise performs all the obligations Imposed upon Grantor under this
Mortgage, Lender shall execute and deliver to Grantor a suitable satisfaction of this Mortgage and suitable statements of termination of any financing
statement on file evidencing Lender's security interest in the Rents and the Personal Property. Grantor will pay, if permitted by applicable law, any
reasonable termination fee as determined by Lender from time to time.
DEFAULT. Each of the following, at the option of Lender, shall constitute an event of default "Event of Default under this Mortgage:
Default on Indebtedness. Failure of Borrower to make any payment when due on the Indebtedness.
Default on Other Payments. Failure of Grantor within the time required by this Mortgage to make any payment for taxes or insurance, or any
other payment necessary to prevent filing of or to effect discharge of any lien.
Compliance Default. Failure of Grantor or Borrower to comply with any other term, obligation, covenant or condition contained in this Mortgage,
the Note or In any of the Related Documents.
False Statements. Any warranty, representation or statement made or furnished to Lender by or on behalf of Grantor or Borrower under this
Mortgage, the Note or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished.
Defective Collateralization. This Mortgage or any of the Related Documents ceases to be In full force and effect (including failure of any collateral
documents to create a valid and perfected security interest or lien) at any time and for any reason.
Death or Insolvency. The death of Grantor or Borrower or the dissolution or termination of Grantor or Borrower's existence as a going business,
the insolvency of Grantor or Borrower, the appointment of a receiver for any part of Grantor or Borrower's property, any assignment for the benefit
of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Grantor
or Borrower.
Foreclosure, Forfeiture, etc. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self -help, repossession or
any other method, by any creditor of Grantor or by any governmental agency against any of the Property. However, this subsection shall not apply
in the event of a good faith dispute by Grantor as to the validity or reasonableness of the claim which is the basis of the foreclosure or forefeiture
proceeding, provided that Grantor gives Lender written notice of such claim and furnishes reserves or a surety bond for the claim satisfactory to
Lender.
Breach of Other Agreement. Any breach by Grantor or Borrower under the terms of any other agreement between Grantor or Borrower and
Lender that is not remedied within any grace period provided therein, including without limitation any agreement concerning any indebtedness or
other obligation of Grantor or Borrower to Lender, whether existing now or later.
Existing Indebtedness. A default shall occur under any Existing Indebtedness or under any instrument on the Property securing any Existing
Indebtedness, or commencement of any suit or other action to foreclose any existing lien on the Property.
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 Borrower'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 or Borrower 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 or Borrower, 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 Borrower to declare the entire Indebtedness immediately due
and payable, including any prepayment penalty which Borrower 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 or Borrower, 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.
Nonjudiclal 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 or Borrower hereby waive 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 or Borrower under
this Mo rtr a te a fter failure of Grantor or Borrower to perform shall not a ect Lender's right to declare a default and exercis e it� remedies under this
9 abed
cVt-i
ITS
INTNOSNHOrJg9Z' edg9Z'Ed60D-AMI 'IMAM s14BI1py 0ui 'sa,AJa Jd Id0000Zh)LZ'E' Jan" 110' W'1V'led'S'n•Bay'OHdI13SV1
Q t; saJIdxa UOISSIWWO3 ALAI
Kin '6z kenuel sen
aulwoAM
jo axis
anana
f
7Y,�r /20, le BulplsaH
Q31MONN3V 1VflalAlaNl
(panuijuoo)
3Jd
f wo/ 4 to MINS ayt
ss(
pug u Ilgnd Aig;oN
As
a wr i lfr
+[3i pug quay A" ;spun uan!O
to Aep
•peuopuew ule,egi sasodmd pug sesn eq; Jo;
'peep pug log Amunion pug 13e4 ,lei; se e8e6pow e4; peuBls day; 4e41 peBpelmow oe pug 'e6e6poW eq; pe ;noexe oqm pug in pegl,osep slenpinlpul
eq; eq o; umoup ew oI `NOSNHOr VANVJ pug NOSNHOf 'd AOtll pereedde ApeuosJed '011gnd dJu ;oN peuBlsJapun eq; 'ew eioleq dap sly; uO
74 /P -v!7 dO AiNfOO
y r 14 1 7 dO 31V1S
X
:801141Vd9
•SWa31
S11 Ol S33HOV 1:1O1NVHD H3V3 4NV '30V01EOW SIHJ dO SNOISIAOkid 3141 TN GV31:1 ONIAVH S3Ja31MONNOV 1iO1NYUD H3V3
•pe,lnbe, s! luesuo0 yons eJegM seoue;sul;uenbesgns o ;;uesuoo Bu!nul ;uoo a ;n ;l ;suoo
iou pays e3ue4sui Aug u! ,epuei Aq ;uesuoo yons 10 Bullue,B 04; 'e6e8pow s14; u! peJlnbeJ s! ,apuei Aq luesuoo ,eneuegM •suol;oasu0,1
am; Aug o; se suope8pgo s,,amo„og 10 0;118,0 ;o due ,o s1g8l, s,,epuai 10 Aue 10 ,anlgm a aln ;psuoo Heys ',ema,oe ,o ,o ;ue.1O pug ,epuei
uaaM;aq Bupeap 10 esmoo Aug ,ou 'iepuei Aq aenleM ,ol,d oN •uolslnoid ,e4 ;o dug ,o uolslnad ;eyl 4;iM eouglldwoo IOU1s puewep o; esjM,ay ;o
;i6l, s,Aped eq; eolpn(e,d ,0 10 ,0nlaM a elnlpsuoo lou pays e6eBpoW sly; 10 uolslnoJd g 10 Aped Aug Aq ,enleM y 1146!1 Ja Aug 10 114610 yons
;0 aenleM 0 se a ;e,edo hays 1461, Aug Bulslaexe u! ,apuei 10 pad el; uo uolsslwo ,o Aglep oN •,epuen Aq peuBls pug Bup!JM u! s! aenleM yons
sseiun (s ;uawnooQ peeled eq; ,epun ,o) e8e6pow sly; ,spun s;g6u Aug pa/pm eneq 0; pawaap eq you pays ,epuei •s;uasuoO pug snnle y
•a6e6poW sly; Aq pemoes sseupelgepul Ile o; se BulwoAM
10 am eq; 10 smel uopdwexe pae;sewoq eq; 10 s111eueq pus sig6l, Ile seNsm pug saseelew Age184 ,o;ue,O uol;dwex3 pgalsawoH +o Janl8M
•e6e8pow sly' ;0 eouew,opad el; ul a0uesse eq; 10 s! awl! •83uess3 auto Si awl!
•sseupa;gepul eq ;,opun AIlllggll e8e6pow sly; to suol;e6pgo e4; wal ;ue,O 6ulseele,;nogpm uolsua;xe aoue,0aq,ol
10 AOM Aq ssoupe;gepul eq; pue e606poW sly; 01 80ua,8le, 4 ;1m siosseoons s,,o;ue,O 411m leap Aew ',o;ug,O 01 eo1lou ;no41lm ',epua I
',o ;u0,O 118 ,8 ;o uos,ed a ul pepsen sewooaq Apedo,d ay; 40 11 •suBisse pue =spoons pap 'salpgd 014 to 111eueq ay; 01 emu! pue
uodn Bulpulq eq Heys a6e6poW S!q)'1se,elu! s,,o4u0,010,a4sus,l uo a6e6poW sly; ul pelvis suope;lwp ay; 0 ;oefgns •suBlssy pug sitossaaons
•e4gee0,olue pug peen Meme, Heys s ;oadse„aylo 110 u! e8e6pow 9!14;;0 suolslnad aa440 is pue ue)lop ;s eq pays I! 'peplpow os
aq 4OU000 uolslno,d 6ulpue4lo e4141 '10A8MOy :A!pllan ,o A1 40 spwll ay; my ;IM eq o; paplpow eq o; puwwep eq !lays uolslno,d Bulpuepo
yons Aug 'alglsee111 'seoue;swnalo ,o suosied ,e ;o Aug 0; s0 elgaeaolueun 10 ppenu! uolslnad ley; Jepua, ;ou pegs Bulpu14 yons 'eoue ;swnono
,O uosiad Aug o; se elg0eo,o4ueun ,o Rim! eq o; e6e6pow sly; 10 uols!nad Aug spup uollolpsunF ;ua;edwoo ;0 pnoo a •A ;plggianas
•96e6poW sly; u! suope6pgo pa ,o; elglsuodse, s!
Moleq BuluBls suosied eq; 10 4300;014; su0ew slit •,emo„og Mena pue ioge ueew ha o; 59000/949/ 140 pug ',3;110,0 AJOA9 pue yoga
ueew plays 1041819 0; seoue,ela, pa pug 'lgJOAGS pug ;up!' aq Heys e8e6pow slyl,epun 10M01108 pus 1041019 4o suopaeligo IIV •safJed eldl ;lnyj
•,apue1;0luasuoo uagl,m alp ;nogpM'Apoodeo Aug ul,epue ;peuaq all 10410 Aq play
awl; Aug 1g Apado,d 044 uI elapse 10 IsO,aIU! ,m Aug 44!M Weapon 91144 Aq pa;ga,o e;0;se ,o Ise,alu! ay; 4 ,a6,ew ou eq pays e,eyl je Jev
•e6eBpoW slip 10 suolslnad
041 eupep ,o ;o,d,a ;u! o; pesn eq o; IOU OM pug /quo sasodmd aoueluenuoa 101 010 e8e6pow sly4 u! s6ulpgay uopdoO •sBu;peaH uopd03
•6upuoAM to aI IS ay; to sme; ay; y;lm 83uepJo3ae uq pant ;suoo pug Aq pawano6
eq pays 86e61.1oW sly! •BupuoAM to ems ay; u! ,apua4 Aq pa;deeoe pug Japua1 o; paJanllap uaaq say e6e6poyll siyl "Mel aigeallddy
•Apedo,d
alp 10 uopg,edo 041 yIIM uopoeuuoo uf epees samllpuedxe ysao pg seal Apedad all wo,1 spola0a, isg0 140 ueew [INS „OWO3U! Bupe,ado le%
•a,lnbe, Heys,apuei se pe ;8p pug, two; yons u!,g8A 103514 snolne,d s,,olue,0 Bulmp Apedad ail wa1 panleoa, ewooul Bupe,ado ;au 10;uewa;e ;s
pepped 0 'Isenba, uodn ',apuei o; gS fun pays ,o ;ue,O 'eoueplsa, s,,o;ue,O ueyl ,01440 sesodind 101 pesn s! Apedad 044 11 •s ;Jodaa fumy
•4uewpuew0 JO uope,011e 041 Aq punoq 10 pe6iogo eq 01 ;46nos sawed ,o Aped
0yp Aq peuBls pug Bulp,m u! uenl6 sselun enpoene eq Heys a6e6poW sly; o; ;uewpuewe ,0 I uope,e;lo ON •e8e6pow sly; u! ypol ;as well=
ail o; se sewed 0U4 40 luawee,e0 pug Bulpue ;s,epun a,pua eq; sa ;n ;psuoO's ;uewnooa pa;elad AuO yl!M 10410801 'e8e6pow sly! •s ;uewpuewy
:a6e6poW sly; 40 pad a a,0 suolsino,d snoeuepeoslw Bulmoilol 8141 'SNOISIAOMd Sf1O3NV1133SIW
•ssa,ppe;ua„no s,,olue,O to Sew1;110 40 pew,olul,eputri deed o; saa,Ba,olug,0'sesod,nd 9011ou,od •e8e6pow sly; to Buluu!Baq ey ;10011 uMOys se
'sse,ppg s,,epuei 04 lugs eq 11014s a6e6poW Sp.11 JOAO Alpol,d say 4014M pH Aug ;0,appq ay; w014 emsoloa,o110 se0pou to sedoo IN •sse,pp0 s,Aped
ay; e6ueyo 0; s! eopou a ;0 esodind ay; my; BuiApoeds 'sewed ,e44o 044 0; 00p0u ualll,M mud; 6u!A 8 Aq e6e6poW sly; spun saopou 104 sseupp0
sl! e6ueyo Aew Aped Auy •a6e6poW sly; 4o Buluul6eq 8141 ,eau um04s sesse,pp0 ay; o; pe ;00,Ip 'plede,d e6e;sod 'pew pa,e;sl6e, ,o papp,a3 'ss010
154 IBw S9;0 ;s pe11U fl ay; u! pe;lsodep uOIM enp0e11a pawaap eq Ilgys 'pepew 11 ',o ',eunoo ;14Bluieno pezlu600e, Alleuop0u a flpm pe;lsodep u814M
,o 'pelenllap Allenl0g Ua4m enpoepe eq pays pue '(Mel Aq pa,lnbe, es!M,aylo sselun) epwls001ale; Aq was eq Aew 'Bupl,M u! eq !lays ',olue,O 01 ales
10 aopou Aug pug llnelep 10 eopou Aug uopoAwp ;nogp!M 6ulpnlou!'eBaBpow slip spun eopou Au
V 'S311>:IVd H3H1O QNV II01NVd0 01 S33l1ON
•Mel Aq papinad
swns ,a44o 11g o1 uoplppe u! 's;soo pnoo Aug Agd p!m Oslo ,eMO„OB 'Am algeopdde Aq pe ;lw,ad ;ua4xe 041 04 '0oue,nsul app pue 'seal Iesle,dde
pue 'spode, ,s,odenms '(spode, amsoloe,ol Bulpnloul) spode, ellp Bulule;go 'sp,00e, Bulyo,ees ;0 Iso0 0141 'SODOAJ0s uop3apo0 ;uew6pnf- ;sod
pe;gdppue Aue pug sleadde '(uopounful ,o AVIS 0pgwoine Aug 04008A ,o A4lpow o; spoke Bulpnloul) seulpeeoad Ao ;dn,>lueq ,o; seal
,sAewope elgeuosee, Bu!pnlou! ';InsMel 0 SI 8,014; ;011,0 ,aylayM sesuadxa 10601 s,,epuei pug sa0; ,sdewo#4o elgeuosee, s,,apue- 'M01 elgoopddg
,spun sues!! Aug o1 ;oefgns 19A8MOy uolle;Iwll Ino4;!M 'eprpoul gde,Bo,gd sly; Aq pe1enoo sesuedxj •810N 841 u! ,o; pepino,d 0101 0144 le ploda,
!pun emllpuadxe ;0 amp a wail ;swap! meq Keys pug puewep uo e1goA0d ssaupe ;gepui a44 10 pod a ewooeq Ilgys 941611 941 40 lUeweo,olue
0U4 ,0 4se,e411! s ;I ;0 uol;0a4o1d 844 ,o; ewl; Aug ;0 Mgsseoeu 810 uoluldo %Japan u! }oqj ,apuei Aq pennoul sesuadxa elgeuosee, 110 'penlonu!
s! U01 100 pnoo Aug you ,o ,ay;ayM 'leedde Aim uo pug IB!I ;e sae; ,sdau,0;1e elgeuosee, se elgeuosee, e6pnfpe Aew pnoo 014; se funs yons
10A0381 04 peppua eq !lays ,epuei 'a6e6;,ow 914410 sum; ey ;10 Aug ea04Ue 0; U01130 10 ;Ins Aug sa4n11su! ,epUe111 •sesuedx3 :sead ,sAawouy
•e6e6poW
Z69600L9 oN ueoi