HomeMy WebLinkAbout867460Aue to eseeleJ peue ;eaJq; Jo 'eseal9J 'Issodsip ';uew;8aJ1 'aBeJO ;s 'aln ;oelnuew 'uo! ;ejaue6 'esn Aus 'Bul;!JM u! Jepuei Aq pe6petMouNoe pus
01 pasolos!p Alsno!neJd ss ;deoxe 'uaeq sey amyl ivy; eneneq o; uossei Jo 'lo e6pelMoul ou s8y Jo;usio (q) !Apedoid ey; woi Jo ;noge `iepun
'uo uosied Aus Aq eouslsgns Jo e;sBM snopiszsy Aus to eseelaJ peue;eeiy; Jo esealei iesods!p '1uew;eei; 'e6eao }s 'eJnpBlnuew 'uo! ;BJeue6 'esn
ou uaeq sey eJay; Apedoid ey; to d!ysJauMo s,Jo ;ueio to potted ay; Buuna (e) ;8y; iepuei o; s;u8JJBM pus s ;ueseidei Jo ;ueip •solsegse pus
loaiay; uopo8J; Aus Jo s ;onpoid -Aq wna!oiled pus wneloiled 'uoile ;!w!I ;noy;!M 'epn!ou! osle I!eys „eoue ;sgns snoprnzey„ pus „a ;s8M snopJezey„
swim eyl •13u!o6eJol ey; ;o Aim o; luensnd pe ;dope suo!;e1nBeJ Jo 'semi 'swag IBJeped Jo a ;e ;s e;geo!ldds Jey ;o Jo “bas ;e '106g uo! ;Oes
'O'S'fl Zb '1oy AJenooa8 pue uopenJesuo3 eoanosed ey; "loos le 'Mel uo!;oeS •o 6b 'god uo! ;Bpodsueil sls!Je }8W snopJez8H 0 41'( „vHvS
66v 'oN 'l 'qnd '9961 1 1 uo! ;ezpoy ;nBa8 pus s;uewpuewy punpedns e „y10d30 'bes ;e '1096 uo!1oeS '0 Z4 'Pepuewe
se '0861 to goy Al!I!gen pus 'uo!;8suedwo3 'esuodsaH IeluewuoJ!nu3 en!suaye.dwo3 ey; u! ypol;8S se sCu!usew (RUBS ey; BAN Heys 'e6e6pow
sly; u! pesn se „'eseelei peue ;eei11l„ pue „'esseleJ„ lesods!p„ eous ;sgns snoprersy„ „elseM snopiersy„ swJa; 0111 •sa0ue ;sgns snopJezeH
•enlen s;! enJesejd'o;; AJ8sseoeu
aoueue ;u!sw pue 'sluaweo8ldeJ 'sJI8deJ Hs moped Al ;dwoid pue uop!puoo e!gs ;ueue; u! Apedoid ey; u!e;u!ew pays Jo ;umJO •ule ;uley!I 0; Ana
Apedoid ey; WWI s;ua8
ey; ;oe;oo pue Apedoid ey; e6euew pus a ;wwedo pus to !ow ;uoo pus uo!ssessod Li! ui8weJ Aew Jo ;u8J9 y;nepep u! Nun "esn pue us
:suo!s!noJd Bu!Mopol
841 Aq peuJanob eq Heys A;JedoJd ey; ;o esn pue uo!ssassod s,JO;uBJO ;8q; seww68 JO;u8JO "A11:13dOHd 3H1 d0 33NVN31NIVW ONV NOISS3SSOd
•eBeBpoyy s!4; iepun suo!I86!Igo sdo;uele p moped ApoiJ ;s Heys pue'enp ewo0eq Aay; ss
e6s6pow sly; Aq perms s;unowa ils iepual o; Aed Heys Jo ;ueiO 'ebe6pon sly; u! pep!noJd es!MJey ;o se ;de0x9 '33NVWd0d1dad ONV 1N3INAVd
:SWu31 ONIMOIIOI 3H1 NO 031d3331( ONV N3AID SI 3OVO1HOIN SIH1 'SlN3Wn3oa 031V13H 3Hl aNV JOW
SIHI H30Nn 801N1(1:10 d0 SNOIIVOI190 111 dO 33NVWHOJH3d (Z) ONV SS3NO3193uNI 3H1 d0 1N3WAVd (L) 3Hn03S Ap 3JV 01 N3
SI `AIH3dOHd 1VNOSH3d aNV SIN3H 3H1 NI 1S3U31NI A1I ffl3 S 3H1 aNV S1N3H d0 1N3WNOISSV 3H1 DNIOn10N! `39VO1H0W SIH1
adoJd
ey; wojl pen!Jap s ;ieuaq Jay;o pus 's ;!lo,d 'set ;Iedo. 'senss! 'ewoou! 'senuenei 's;uaJ win; pus ;uaseid 118 susaw „s;ue8„ Nom 8111 •swell
•sseupe ;gepui 8111 yip uopoeuuo0 u! pe;nOexe'Bu!;s!xe JeuseJey 10 Mou Jay)OyM's }uawnOOp
pus s ;ueweeJ6e 's ;uewni ;su! Jey ;o pe pue ';sni; to speep 'se6s6pow 's ;ueweeJ6s A ;!noes 'sepu8J8n6 's ;uewa0J68 Is;uewuoi!nue `s;ueweOJ6B
no! 's ;u0w08J68 t1peJO 'se;ou AJOSS!woJd Ile uo! ;e ;!w!I }00111!M epnpu! Pus usew „s ;uewnooa pa;ele8„ spJOM eta •s ;uawn000 P9 ;8I0 I
•uo!pes „a6e6poW to ;ueio„ 84; u! enoge pequosep s ;y6p pue s ;sere ;u!'Apedoid ey; umew ,Apedoid 1eeu„ spJOM 041 •ApadoJd ieau
'Apedoid Isuosied 041 Pus ApadoJd Ie8d ey; Alen!loe!Io0 susaw ApadoJd„ Pam eyl 'A ;pedoJd
•ApadoJd e4110 uop!sods!p Jey ;o Jo ales Awls woi; (swn!weJd
;o spunjai pus speeooid eouensu! 118 uo!;e;!w!I ;no41!M Bu!pnpu!) speeooid 118 41!M Jey ;e6o; pus :Apedoid yons to Aus 'J0 suopn ;psgns pe pus
to s ;uaweoeide. 118 'o; suop!pps pus 'sped 'suo!ss000e 118 y;!M Jey ;e6o; :ApadoJd 1808 ey; 0; pexple Jo p8y08118 Jeu89Jey Jo Mou pus 'JO;u8J9 Aq
pauMO J91180.ey Jo Mou Apedoid geuosJed 10 sep!ps Jey10 pus 'scJn ;x!l 'luewdinbe 118 UeOW „Apedoid Ieuosied„ spJOM 041 'Apedoid Ieuosaad
'9002 '91 Jegweldes s! e6e6pow sly; to amp A;un ;Bw 0111 ;ueweel3s Jo e;ou AJosslwoid ey; .ro; suo! ;n ;psgns
pus 'lo suo! ;ep!!osuo0 ;o s6u!0ueu!laJ ;o suo! ;e3!l!pow 'lo suo!sue;xe '10 sIBMeueJ 118 y;!M Jey ;ebo; 'Jepuel 01 Jolu8JO woe; 007.9£`59$
;O iunowe led!ou!Jd leu!6!JO 941 u! '0003 'Ol ;sn6ny peep ;ueweeJ6s pen Jo e;ou AJoss!woid ey; sueew „e ;oN„ p.oM eyl •a;oN
•s;ue8 pue Apedoid IOUOSJed 014101 BUI ;BI9J SUOISIAOJd ;seaa;u!
/;unoas pue s ;uewuB!sss g!8 uoi ;e ;!wn ;noy ;!M sepniou! pus 'Japuel pus JO;ueJO ueeMleq e6eBpoW sly; sueew „e6e6pow„ p)OM 841 •9698;JO1N
•e6e6pow sly; iepun
ee6e6pow ey; s! Jepuei 0111 •su8!sse pue siosseoOns s;! 'HONV88 NOldV 1S3M 1SHId
•e6e8poW sly; u! pep!noJd se s;unowe yons uo ISOJO ;u!
y ;!M Jay;a60; 'e6e6poW s!y; iepun Jo;ueJO to suo! ;86!Igo 00101ue o; Jepuel Aq paunou! sesuedxe Jo J04UBJ9 to suop86!Igo e6Jeyosip o; Jepuei
Aq peousnpo Jo pepuedxe s;unow9 An pus a ;0N ey; iepun elg8Aed ;sews p pus ied!ou!Jd IIe sueew „sseupe ;gepul„ Nom 041 •ssaupa ;g9pul
•ApadoJd luau 0111 uo uoIOnJ ;suoO Jay;o pue s;uewe0eldeJ 'suo!;!ppe 'sel;!Ipe; 'Apedoid IB8d ey; uo pex!ue savoy eHgow
'rein ;OnJ1s 's6u!pi!nq 's ;uewenoidw! en;nl pus 6ups!xe 118 uo! ;e ;!w!I ;noy ;!M sepniou! pue susaw „s;uewenoJdwg„ pJOM eyl •sIuaw9noJdwl
•sseupe ;gepul ey; y;!M uo!lOauuoO
u! salted uo!;epowwo3Oe pue 'saws 'sJO;usJen6 911; 1 Ile pue 11008 uope ;1W!I MOM sepnlOUi pue sueew „JO ;u8Je119„ pJOM 041 •JO ;ueJeno
•a6e6poW sly; iepun Jo686pow ey; s! Jo;ueJO
•sopewy 40 sele;s Pe1!un 0 41
;o Aauow InIMsi u! s;unowe usew Heys s;unows JOHop of seOU8J040J Hy •apo0 I8!oJewwo3 mown 011; u! swJe; yons 0; pe;nq!J; ;e sBu!ueew 041 envy
Heys e6e6pow s!yl ul peupep es!MJey ;o 1OU sWJej '05813110 IN s!41 U! peen ue4M sbu!ueew 6u!MoIIo; ey; envy !lays spJOM 6 u!M 0 IIol 0111 'SNOIIINId3a
•slua8 pus Apedoid IsuosJed ay; u! ;swap! A ;!.noes epo3 I8!OJewwoO wJOI!un 8 Jepuel o; s;ueJ6 Jo ;u8JO 'uop!pps
u! •ApadoJd 041 woi; slue) ps pus Apedoid 041 l0 sas881 He 0; pue uI ;seJelui pus 'elm '4116p s,JO;u8JO l0 118 Jepuel 0; su61sse Al ;ueseid Jo;u8J0
'U LM AM 'NO.LAV VMS Lilt 1803 1.6 90 UMOU)I Aluowwoo s! ssaAppe 81! JO Apodoad Ieay 91.1.1
•6u!uu!6aq 40 ju!od 81.11 01 j994 Z0I. 1303
93U341 `spa VI. 9 LIMOS 8388111 `1884 ZOL 1s9M QOUa111 `spa Z/L 9 LI1aoN eoUatll 6u!uuni pue `a1!suMOl
uouy 4o (LI.) uaaluana9 )13012 u! (y) .Lnod 107 40 AaUJO3 lseaginoS 841 s! go!LIM mod a 1e 6u10016as
Apodad lead„ 841) 6u!woAM 40 a1e1S `A1unO3 N103N11 u!
pa10301 'sJe;lBUJ Je1!w!s Pus leune41086's86 'Ho 'sIOJeu!w 118 uope1!w11 ;no41!M Buipniou!'ApadoJd peas 04101 6ullslei sIpOJd pus'saple /oJ's1y61J Jay ;o
He pus :(s14B!J 1 1 011e 6 1. 4 1 PPP 411M sepH!;n Ul 1001S Bu!pnpul) s;y6!J yO;!p PUB sesnoOJeI8M '51461.1 Ja48M 'J9 ;eM pe se3u8uepndde pus `AeM ;0 s1461J
's;uawesee 118 :senlxp pue s ;uaweno.dw! 's6uipl!nq pexpl8 Jo mom Al ;uenbesgns .10 Bu! ;s!xe 118 411M Jey ;e6o} 'Apedoid 180. peq!JOsep Bu1Moilol ey;
0; pus ill ;saJalu! pue 'app 'i461J s,JO}u8JO l0 118 Japual 04 sAanuoO pue sa6e6 ;.ow JO;u9JO `uol;eJaplsuo3 algenIen J01 '39V91H0W dO 1NVHO
Japual„ se mom o1 pa/Asia') 01.1.£8 AM `UO11V '0291. X09
Od '1aa.11S uo36u!LiseM bl£ s! ssaappe 3S0 M 'H3NVI:19 NOJJV NNVB 1VNOIIVN 1S1:1 id pue }uea0„
80 MOiaq o1 paJJ048a) 01.1.£8 AM 'NOlJV `6091. X09 Od s! ssaappe asoyM "Auedwoo A ;Illge!l MP!! 6u!woAM
e `317 `salaadoJd 1'81 `311 'S311H3d0dd 1 '8 1 uaaM4aq `0002 `01. 1SfDnV a31Va SI 3DVDEHOIN SIHl
3DVJ1Ilow
AINO 3Sn S.1:1308003H I01 SI 3NII SIHJ 3A09V 302dS
c] 1 SDV€ O S 0011
(13A1333.
0 41 '311 `S3I1d3d0Hd 1 sueew „JO;UBJO„ PJOM 8141 •.oIueI0
Mid
's po s141
sueew „J8puel„ pJOM 8yj •Japual
01 LEO AM'uo11V
OZ91 X09 Od
;aaJ ;s uo;6ulyseM IyLc
iLlAY )INV9 IVN011VN 1SHId
:01 S33I10N XVl ON3S
01 leg AM `UOUV
OZ9L X09 Od
499.48 u0L6uI4s8M tie
HONVd9 NOlLV .183M 1SHId
:01 1IVW aJaa0331:1 N3HM
01.1.£8 AM 'WHY
OZ9 L X09 Od
WAS u016ulyseM ti Le
HONVH9 NOIdv IVNOIIVN 1SHI1
:AEI 031S3f103H NOI1Va1:10331:1
08 -10 -2000
Loan No 64002746
MORTGAGE."
(Continued)
Page 2
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, (1) neither Grantor nor any tenant, contractor, agent or other authorized user of the Property shall use, generate, manufacture,
store, treat, dispose of, or release any hazardous waste or substance on, under, about or from the Property and (ii) any such activity shall be
conducted in compliance with all applicable federal, state, and local laws, regulations and ordinances, including without limitation those laws,
regulations, and ordinances described above. Grantor authorizes Lender and its agents to enter upon the Property to make such inspections and
tests, at Grantor's expense, as Lender may deem appropriate to determine compliance of the Property with this section of the Mortgage. Any
inspections or tests made by Lender shall be for Lender's purposes only and shall not be construed to create any responsibility or liability on the
part of Lender to Grantor or to any other person. The representations and warranties contained herein are based on Grantor's due diligence in
Investigating the Property for hazardous waste and hazardous substances. Grantor hereby (a) releases and waives any future claims against
Lender for indemnity or contribution in the event Grantor becomes liable for cleanup or other costs under any such laws, and (b) agrees to
indemnify and hold harmless Lender against any and all claims, losses, liabilities, damages, penalties, and expenses which Lender may directly or
indirectly sustain or suffer resulting from a breach of this section of the Mortgage or as a consequence of any use, generation, manufacture,
storage, disposal, release or threatened release of a hazardous waste or substance on the properties. The provisions of this section of the
Mortgage, Including the obligation to indemnify, shall survive the payment of the Indebtedness and the satisfaction and reconveyance of the lien of
this Mortgage and shall not be affected by Lender's acquisition of any interest in the Property, whether by foreclosure or otherwise.
Nuisance, Waste. Grantor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on or to the
Property or any portion of the Property. Without limiting the generality of the foregoing, Grantor will not remove, or grant to any other party the
right to remove, any timber, minerals (including oil and gas), soil, gravel or rock products without the prior written consent of Lender.
Removal of Improvements. Grantor shall not demolish or remove any Improvements from the Real Property without the prior written consent of
Lender. As a condition to the removal of any Improvements, Lender may require Grantor to make arrangements satisfactory to Lender to replace
such Improvements with Improvements of at least equal value.
Lender's Right to Enter. Lender and its agents and representatives may enter upon the Real Property at all reasonable times to attend to
Lender's interests and to inspect the Property for purposes of Grantor's compliance with the terms and conditions of this Mortgage.
Compliance with Governmental Requirements. Grantor shall promptly comply with all laws, ordinances, and regulations, now or hereafter in
effect, of all governmental authorities applicable to the use or occupancy of the Property, including without limitation, the Americans With
Disabilities Act. Grantor may contest in good faith any such law, ordinance, or regulation and withhold compliance during any proceeding,
including appropriate appeals, so long as Grantor has notified Lender in writing prior to doing so and so long as, in Lender's sole opinion,
Lender's interests in the Property are not Jeopardized. Lender may require Grantor to post adequate security or a surety bond, reasonably
satisfactory to Lender, to protect Lender's interest.
Duty to Protect. Grantor agrees neither to abandon nor leave unattended the Property. Grantor shall do all other acts, in addition to those acts
set forth above in this section, which from the character and use of the Property are reasonably necessary to protect and preserve the Property.
DUE ON SALE CONSENT BY LENDER. Lender may, at its option, declare immediately due and payable all sums secured by this Mortgage upon the
sale or transfer, without the Lender's prior written consent, of all or any part of the Real Property, or any interest in the Real Property. A "sale or
transfer” means the conveyance of Real Property or any right, title or interest therein; whether legal, beneficial or equitable; whether voluntary or
involuntary; whether by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a term greater than three
(3) years, lease- option contract, or by sale, assignment, or transfer of any beneficial interest in or to any land trust holding title to the Real Property, or
by any other method of conveyance of Real Property interest. If any Grantor is a corporation, partnership or limited liability company, transfer also
includes any change In ownership of more than twenty -five percent (25 of the voting stock, partnership interests or limited liability company interests,
as the case may be, of Grantor. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by Wyoming law.
TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are a part of this Mortgage.
Payment. Grantor shall pay when due (and in all events prior to delinquency) all taxes, payroll taxes, special taxes, assessments, water charges
and sewer service charges levied against or on account of the Property, and shall pay when due all claims for work done on or for services
rendered or material furnished to the Property. Grantor shall maintain the Property free of all liens having priority over or equal to the interest of
Lender under this Mortgage, except for the lien of taxes and assessments not due, and except as otherwise provided In the following paragraph.
Right To Contest. Grantor may withhold payment of any tax, assessment, or claim in connection with a good faith dispute over the obligation to
pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises or is filed as a result of nonpayment, Grantor shall within fifteen
(15) days after the lien arises or, if a lien is filed, within fifteen (15) days after Grantor has notice of the filing, secure the discharge of the lien, or if
requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender in an amount sufficient
to discharge the lien plus any costs and reasonable attorneys' fees or other charges that could accrue as a result of a foreclosure or sale under the
lien. In any contest, Grantor shall defend itself and Lender and shall satisfy any adverse Judgment before enforcement against the Property.
Grantor shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings.
Evidence of Payment. Grantor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and shall
authorize the appropriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments against the
Property.
Notice of Construction. Grantor shall notify Lender at least fifteen (15) days before any work is commenced, any services are furnished, or any
materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or other lien could be asserted on account of the work, services,
or materials. Grantor will upon request of Lender furnish to Lender advance assurances satisfactory to Lender that Grantor can and will pay the
cost of such improvements.
PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Mortgage.
Maintenance of Insurance. Grantor shall procure and maintain policies of fire insurance with standard extended coverage endorsements on a
replacement basis for the full insurable value covering all Improvements on the Real Property in an amount sufficient to avoid application of any
coinsurance clause, and with a standard mortgagee clause in favor of Lender. Grantor shall also procure and maintain comprehensive general
liability insurance in such coverage amounts as Lender may request with Lender being named as additional insureds in such liability insurance
policies. Additionally, Grantor shall maintain such other insurance, including but not limited to hazard, business interruption and boiler insurance
as Lender may require. Policies shall be written by such insurance companies and in such form as may be reasonably acceptable to Lender.
Grantor shall deliver to Lender certificates of coverage from each insurer containing a stipulation that coverage will not be cancelled or diminished
without a minimum of ten (10) days' prior written notice to Lender and not containing any disclaimer of the insurer's liability for failure to give such
notice. Each insurance policy also shall include an endorsement providing that coverage in favor of Lender will not be impaired in any way by any
act, omission or default of Grantor or any other person. Should the Real Property at any time become located in an area designated by the
Director of the Federal Emergency Management Agency as a special flood hazard area, Grantor agrees to obtain and maintain Federal Flood
Insurance for the full unpaid principal balance of the loan, up to the maximum policy limits set under the National Flood Insurance Program, or as
otherwise required by Lender, and to maintain such Insurance for the term of the loan.
Application of Proceeds. Grantor shall promptly notify Lender of any loss or damage to the Property. Lender may make proof of loss if Grantor
fails to do so within fifteen (15) days of the casualty. Whether or not Lender's security is impaired, Lender may, at its election, apply the proceeds
to the reduction of the Indebtedness, payment of any lien affecting the Property, or the restoration and repair of the Property. If Lender elects to
apply the proceeds to restoration and repair, Grantor shall repair or replace the damaged or destroyed Improvements in a manner satisfactory to
Lender. Lender shall, upon satisfactory proof of such expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair
or restoration if Grantor is not in default under this Mortgage. Any proceeds which have not been disbursed within 180 days after their receipt and
which Lender has not committed to the repair or restoration of the Property shall be used first to pay any amount owing to Lender under this
Mortgage, then to pay accrued interest, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds
any proceeds after payment in full of the Indebtedness, such proceeds shall be paid to Grantor.
Unexpired Insurance at Sale. Any unexpired insurance shall inure to the benefit of, and pass to, the purchaser of the Property covered by this
Mortgage at any trustee's sale or other sale held under the provisions of this Mortgage, or at any foreclosure sale of such Property.
Grantor's Report on Insurance. Upon request of Lender, however not more than once a year, Grantor shall furnish to Lender a report on each
existing policy of insurance showing: (a) the name of the insurer; (b) the risks insured; (c) the amount of the policy; (d) the property insured, the
then current replacement value of such property, and the manner of determining that value; and (e) the expiration date of the policy. Grantor
shall, upon request of Lender, have an independent appraiser satisfactory to Lender determine the cash value replacement cost of the Property.
EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this Mortgage, or if any action or proceeding is commenced that would
materially affect Lender's Interests In the Property, Lender on Grantor's behalf may, but shall not be required to, take any action that Lender deems
appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in the Note from the date incurred or paid by
Lender to the date of repayment by Grantor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance of the
Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance
policy or (ii) the remaining term of the Note, or (c) be treated as a balloon payment which will be due and payable at the Note's maturity. This
palpeweJ iou s! ;ey} Jepuei pue Jo;uej0 ueem}eq }ueweai6e JeWO Aue }o swjel eyi Jepun 1o;uaj0 Aq yosajq Auy ivawaai6y Jay ;O ;o gOVaJg
•Jepuel
o; AJope;si;Bs wlep eyi Jo; puoq Alain a 10 senleseJ seysluJn; pue w!ep yons Io ao!}ou ueupm Jepuel sen16 Jo;uBJo ley; pep!nojd 'Bulpeeooad
eJnHa;aJo; Jo ajnsopeJo; ay} ;o siseq ey} s! yolgm wlel0 ay; lo sseuelgeuoseel Jo R }lpllen ey} o} se mime Aq a}ndslp qv; pooB a ;o wane ey; u!
Aldde;ou Heys uogoesgns sly }'lenemoH •Apedad ey; ;o Rue }sule6e Aoue6a Ieluewweno6 Aug Aq Jo JOWBJ0 ;o jo}lpeJo Rue Aq 'poy}ew Jey}o Rue
jo uolssessodei 'dley- nes'Bulpe90ojd lelo!pnf Aq jey }eym's6uipeeoojd ejn }lepo; jo ajnsoloejo ;o }ueweauewwoO *op `ainp9Jod'amsolaaiod
•JO1uBJ0 1suleBe Jo Aq smel Aouenlosul Jo A01dnJraq Aue Japun Bulpee3OJd Aug ;o lueweouewwoo
ey; jo ;novom jo ;lpejo 4o ed/1 Rue 'sjollpeio ;o 11;eueq ey} 1O; ;uewu6lsse Rue 'ApedoJd s,joluBJo 4o ped Aug Jo; Jenleoaj a ;o 1uewlulodde
ey} 'JO;uBJO lo Rouenlosu! eyi 'legwew Aug ;o y;gep ey; Jo sseulsnq Bu!o8 B se eoue;slxe s,JO }u8JO ;0 UOgBU!WJGI ja410 Aue Jo 'Ruedwoo
Mpg!! pe}!w!! e41 woj; smeJpyilm Jegwew Aug '(epew s! enuquoo o} uol;oele Jeyleym ;o sselpJeBeJ) uognlosslp eyi •Aouenlosul JO tom
•uoseeJ Rue Jo; pug ew!} Aus;a (uell JO IS8Je ;u! haloes pe }oeped pug pllgn a e ;eajo o; s}uawnoop
IBl) ;epoo Aug ;o amp; Bu!pnloul) pejje pue solo; Hn; ul eq o; seseeo sluewnooa penned ey ;o Aug Jo e6e6poN sly; •uol ;vzneJa {ello0 an109190
•peyslwn; Jo epew ewl; ey; le Jo MOU 194;18 ioedsaj lupe }sw Aug u! Bu!PBe slw Jo esie; s! sluewnooa pe }Bled ey; J0 0;0N
ay} 'a6e6 }jour sly; Jepun Jo }uejo 4o ;leyeq uo Jo Aq Japuel 0; peyslUall Jo spew ;uewe ;e ;s jo uol ;e ;uesaidaJ 'A;UBJJem Auy •s ;uawelelS aslvi
•s;uewnooa pe ;sled ay; ;o Aug
u! 10 0}oN ay} 'eBeBpoW sly; u! peuleluoo uollipuoo Jo ;uguenoo'uol ;aBligo 'me; jaylo Aug y11m Aldwoo o; Joluglo ;o ejnlled ;lnv ;aa aouvlldwo0
°ue!! Aug ;o e6Jeyoslp pep o} JO to 6u!IIl lueAeJd o; Ajasseoeu jay ;o
Aue Jo 'eouBJnsu! Jo sexe! 104 ;uewAed Aug enew 01 e6e6poN sN; Rq peJlnbei ew1; ey; u14;1m Jo;ugJO ;o eAnHuj •sluawAvd Jay ;O uo ;mu sed
•sseupe;gepul ey; uo enp ueym ;uewAed Aue slew o; JO ;uejo ;o einllej •sseupe ;gapui uo ;Inv;aa
:e686poW sly} japun „}Ins ;ea ;o ;uena }Ine ;ep ;co ;uena ue ejn }l ;suoo Ilegs 'Jepuel ;o uol ;do e4 ;a'Bulmoilo; eq; ;o 4083 'iinv a
'awn o; ewn woj; Japuei Aq peulwje ;ep se eel uo1lgulwJe; elgauosgei
Rue 'met elgeoHdde Aq peutwled ;I 'Red mm Jo;uaj0 •Apedad isuosJed ey; pug swam ay; u! ;sawalu! R4IJnOes s,Jepuel BulouePlne ail; uo ;uewe ;els
6uioueul; Aug ;o uol }gulwle} ;o spuewe ;e ;s angers pue eBeBpoW sly; 4o uol ;0e;s1;as wimps a to ;uBJO 0; Jenllep pus a ;noexe Heys Jepuel 'e68BpoW
s1g1 Jepun Jo;ue10 uodn pesodwi suol ;B6llgo ey; Ije swjo ;Jed eslmjey ;o pue 'enp ueym sseupe;gepul ey; He sAed Jo }ueJ
011 '3ONVWHOJH3d llfld
•ydBJBBJgd Bulpeoejd ay; u! 0; pejje ;ei mum ey} yslldw000e
o; 'uoluldo eios s,J9puel uI 'alg9J seo Jo Ajgsse0eu eq Aew se s6uiy; Je410 fig Bulop pue 'Bulpjo09J 'Bull!; 'Buljenllep '6u!}noexe 'Buinew 4o
esodind ey; Jo; ;004- ul- ReuJO ;e s,JO;ueJO se Jepuel s;ulodde AlgBooneJJ! Rimy Jo;uej0 'sesodind yons Joj •esuedxe s,lo;ueJO ;e pus Jo ;u8JO
;o ewgu ey; u! pug Jo; os op Rew Jepuel 'ydej6ejed Bulpeoejd ey; u! o; pejjwsu s6uly; ay} ;o Aug op 0; site; JolueJo •;ovd- ul-Aawo ;;y
•yd8JBeied sly; u! o} pejje ;eJ
sje};ew ey; y ;lm uonoeuuoo u! peJJnoUI sesuedxe pug s;so0 He Jo; Jepuei esJngWieJ Heys JolueJo 'Buq!Jm u! Jepuel Aq AJej ;uoo ey; 0; peeJ6e Jo
met Aq pe ;Iglyojd ssaiun •Jopu8JO Aq pejlnboe Je ;8eJey Jo peumo MOU Jeq;egM RpedoJd ey; uo sue!! mud pug ism se e6e6poN sly; Aq mew
spseie ;u1 A ;unoes pus sue!! ay} (q) pue 's;uewnooa pe }sled ay} pue 'eBeBpoW spa 'e;oN ey; Jepun Jolu8J0 ;o suo! }e8llgo ey; (E) eiueseid
Jo 'enu! }uoo 'looped 'e;eldwoo 'e ;en }0aye o} Jeppo u! elgw!sep jo luesseoeu eq 'Jepuel ;o uoluldo eios ay} u! 'Aew se s ;uewnoop Je410 pue
'se }e014l ;JeO 'eOueJnss8 Jequn; ;o s ;uewnJ }suI 's;uewepeis uol ;enunuoo 's;uewelals 6upueul; 's;ueweeJ68 haloes 'speep *noes '}snJ; ;o speep
'se6e6pow yons lis pus Aug 'e ;8IJdojdde weep Aew Jepuel se seoeld pug seoluo yons ul pus sew!} yons 1e 'eq Aew eseo ey} se 'peplooeiei
JO ';alma 'peplooei 'pelf; eq o; esneo 'Jepuel Aq pe ;senbeJ ueym pug 'eeuBlsep s,Jepuel o; jo Jepuel o; 'pejenilep JO pe;nOaxe 'epew
eq o; asneo Him Jo 'Jen11ep pue e;noexe 'anew Hp JolueJo 'Jepuel ;o ;senbei uodn •ewil o} awl; woj; pue 'awn Aug ;y •seouvmssy Jay;Jnd
•eBeBpoW
sly; 4o ped e we ;o8 u!- Reujoll8 pue seouelnsse japun; 01 bul ;eleJ suolslnad Bulmopo;
041 '13Vd-NI-A3NHO11V '•S30NVHf1SSV H3H1Hfld
•e6e6poN s14140 868d ;sjl; ey; uo pele ;s se 81B'(epoO lelaewwo0 moon ey; Aq pejlnbej se yore) peule ;go eq Amu e6BBpoW sly; Aq pe ;u8J6
}safepul A ;IJnoes ey; 6uluieouoo uo! }swjo ;u! yolym woj; '(Aped peinoes) Jepuel pue (Joigep) JO ;uejo ;o sesseJppe Bu111ew eyi •sessaippy
•Jepuel was puBwep uegum 4o ;dleoaJ Jells sRep (E) eejy; u14;lm Jepuel 0; elgeIIBne
wlew pug Jepuel pue JolueJo o ;ueluenuoo RlgeuoseaJ eoeld 8 1a pug Jauuew a u! ApedOJd I8uosJed ey; elgwess8 Heys Jo ;u8J0 'ramp uodn
;seJe ;u! A ;unoes sly; Bulnul }uoo Jo Bul ;08 ;Jed u! peiinou! sesuedxe 11 Jo; Jepuel esjngwlaJ !Heys JolueJo ;uewe ;e;s Bulouaul; a se eBeBpoW
sly; ;o suolonpoJdeJ Jo seldoo 's }Jedie}unoo pe ;noexe an 'JO ;u8Je wan uol }ezlJOq ;ne Jeypn; ;nay }!m pus awl; Aug ;e 'Aew Jepuel 'spjoo9J
RpadoJd lea! ey; uI e6e6poW sly; BulpJooeJ 0; uoHlppe u! •A }JedoJd 1BUOSJed pug slued ey; u! }saJelul R ;IJnoes s,iepuei enul ;uoo pue ;oeped
o; Japuel Aq pe;senbei s! uono8 18410 Jane ;aym 8)18; pug s;uewelals Buloueul; a ;nOexe Heys JolueJo 'Jepuel Aq ;senbej uodn ;sale ;u! A;IJnOCS
•ew!} o; awl} woJ; pepuewe se 8po0 IBIWOwwoo wJo ;Hun ay} Jepun Aped peinoes a 4o s;yBp ey; ;o He 9A84 Heys Jepuel pue RpadoJd
!wowed Jeypo Jo seen ;xlj se ;n;1suoo RpadoJd e4; ;o Aue ;uepxe ey; 0; ;uewaaJBe haloes 8 epn}Hsuoo Heys ;uawnJ ;suI sly! ;uawaeJBy Alpnaes
•a6e6 ;JON
sly; ;o ;Jed a 818 ;uewaaJBe A ;linoas a sg 0E5110 VI sly; 01 Bu! }aleJ suolslnad Bulmollop 0 41 'SIN3W31V1S ONIONVNIA U1N3W33HJV Ailanoas
•Jepual o} AJOpe ;ekes )(lunges Jeypo Jo puoq Alms a ;eJodJoo luaioluns a 10 45B0 Jepuel 4;!M s ;lsodep pus uonoes
suall pue saxei ey; uI enoge pepinoJd se xe; ey} s ;se }uoo (q) Jo 'luenbullep sewooeq eio ;eq xa; 041 sAed (e) Ja4nne Jo}uBJo sseiun moleq
peplAoJd se ;ine ;aa 10 luen3 ue !o; seiPewei elgellene s ;0 110 Jo Rue esloiexe Aew Jepuel pue '(moleq pawl ;9p se) pine ;ea ;o ;uanj u8 se page
ewes ey; aney !legs }uena s!y; 'e686poyn sly; ;o e;ep eU; o; }uenbesgns pe ;oeue s! se11dde uol ;oes sly; yolym o; x8; Aug ;1 •saxe! ;uanbesgns
•Jo;uej0 Aq epew ;sale ;ul pU8 !edlou!Jd 1 s ;uewAed uo Jo sseupe ;gepul ey; Jo uolpod Aug Jo 118 uo xe; onpeds a (p)
pug :910N ay; ;o Jeploy ey; Jo Jepuel ay; ;su!8B8 elgea6Jego e6e6poW ;o edA; sly; uo xe; a (o) :e6e6po1AI ;o edA; siy; Aq pampas sseupe ;gepul
ey; uo s ;uew /ed wan lonpep o; pellnbel 10 pezijoy ;n8 s! JoluBJO yo1Um Jo ;u819 uo xe; oypeds s (q) :e6e6poN sly; Aq palnoas sseupelgepul ey;
ped he 10 HB uodn Jo aB86poA4 40 edA s14; uodn xe; offloads a (8) :sa!ldde uonoes 5141 yolym o; sexel ejn ;1;suoo Heys 6ulmono; eyi •saxe!
•e6e6poW sly; Bulue ;s;Bai 10 BulpJooeJ Jo; s9B18y0 Jaylo pug'sdwe ;s AJeluewnoop'sea 'sexes
He uol;eplwll inoU #1m Bu!pnpul 'eB8B ;JoW sly; Bulnunuoo JO Bugoeped BulpJooeJ uI peJJnOUI sesuedxe He yip Jey ;eBo; 'moleq pegposep se 'saxe}
He Jo; Jepuel esingwleJ Heys Jo;ueJ0 •RpadoJd feed ey; uo uell s,Jepuei enu! }uoo pug }oe ;led o; Japuei Aq pe ;senbei s1 uon38 Jeypo Jena }aym
er; pug e6e6poW 514; o} uoHlppe u1 s }uewnoop yons a ;noexe 11849 JolueJo 'Japuel Aq ;senbej uod0 •saBJeyo pue seed 'saxvl ;ua1Jn0
:e6e6poN sly ;o ped a we se6Jeyo pue
soap 'saxe; 1e;uewuJeAo6 0} 6u018J suolslnad Bulmop0;
0 41 'S3IIIHOHifY 1V1N3WNH3A00 AEI S30HVH3 ONV S33d'S3XVl d0 NOIlISOdWI
•uoiledlolped yons ;IwJed o; awl; o} ewn was II Aq pe ;senbej eq Aew se sluewniisu! yons Jepuel o; peJeA!Iep eq
o;
esneo Jo Jenllep !!!m JO U8JO pue'80l04o umo s}! 4o lasunoo Aq 6ulpeaoojd ay} u! pe ;ueselda! eq 0; pue 6ulpeeooJd 041 u! a ;edlolped o; pe;;ue
eq Heys Jepual;nq '6ulpeaoojd yons u1 Aped ieulwou ey; eq ABW JO}UBJO pjeme ay; use ;go pus uonoe ey; pue4ep o; AJesse0eu eq Aew se sde;s
yons e)e} Andwoid 1184s Jo;u8JO pue '6ul ;IJm uI Jepuel R ;Hou Al;dwoJd Heys Jo }ueJO 'pe11; s! uol ;euwepuoo u! 6ulpeeoad AUB 41 •seulpeaao.d
•uoHeuwepuoo eyi 4;Im uo11Oauuoo u! Jepue Aq pejjnmUl see; ,sAeuJone pug
`sesuedxe 's;so0 elgvuoss J tie 4 ;uewAed 18; 1e plums e4; mew !lays pjeme ay} 40 speeoojd ;au au •RpadoJd ay} 4o u011eJO ;S8J JO jledej ey; 10
sseupe ;gepul ey; o} palidde eq panne eyi ;o speeoojd leu ey; 10 uolpod Aug J0 11B }041 eJlnbeJ uoi0eIe s;! l8 Aew Jepue uoHeuwepuoo 10 n0fl in
eseyojnd 10 6ulpeaoojd Aue Aq Jo sBulpeeoold ulewop ;ueulwe Aq peuwepuoo s! Apedoid em ;o ped Aug Jo fig 41 •spaa30Jd ;9N 4o uoi ;voliddy
•e6e6poW 514140 pod a ern RpadoJd 9414 uoHeuwepuoo 0; BuweieJ suolslnad Bu!mollo; 0 41 'NOIIVNW3aN00
•sal ;poy ;ns IBlUewuJeno6 ;o suonsinBa1 pue'seousulpjo
'smel a geo1ldde 6uHslxe He g }IM seidwoo RpadoJd 041 ;0 esn s,JO ;UBJO pug Apadojd 041 ley; slu8JJ8M J0;uOJo smel 41!M aouendwo0
•uo;8dlolped yons }wed o; ewl; o; awl; won; mange., Aaw Jepuel se s ;uewniisul yons Jepuel 01 'palan!!ap eq 01 esneo
Jo 'JOA!!ap 111m Jo }uejo pug 'eoloy0 umo s,Jepuel ;o lasunoo Aq BulPeeoold ey} u! pa;ueseidei eq o} pug Buipeeowd ey; u! a ;edlolped o} pal ;I;ue
eq Heys Jepuei ;nq 'Bulpe0OOJd yons u! Aped ieulwou ey; eq Aew Jo;uej0 •esuedxe VOW 8JO le uo1;013 ey; pue4ep Heys JolueJo 'eBeBpoW
sly; Jepun Japuel 40 }saje}u! ey; Jo egg s,Jo }ueJO suol;senb ley; peouewwoo s! 6ulpeeoad JO U01108 Aug }vane 041 u! •suosied H8 4O swlel0 in ;me!
ay; IsulaBe R }Jaded ey; o; e11H ey; puo ep jen0104 !I!m pue s}ueJJem Jm}umJe'enogs ydeJegJed ey} u! uolpdeoxe ay; o ;oefgns 'awl ;o asua;aa
•Jepue o; e6e6poN siy}
mimeo pue a;noexe o} *Nine pus 'Jemod '146!1 iin; eyi say Jo}ueJO (q) pue 'e6e6poW s141 411m uoloeuuoo u! Jepuei 'Aq poldeooe pug 1010ng;
ui penes! uoluldo egg !Bu!; Jo 'yodel egg 'Aoliod eouajnsu! egg Rue u! 10 uoiduosep RpadoJd !veld ay} u! 4110; les esoyl uB41 10410 seougJgwnoue
pue sue!' 110 ;o leap pus 8914 'eidwls ee; u! RpadoJd 041 01 pJ039J 40 GM elgepe1J8w pug pooh splay JolueJo (e) :ley; s ;u8IJem 1o1U810 agii
•e6e60oN s!y} 40 ped e 018 Apedod eU1 ;0 dlysleumo 016U;;81 l suolslnad Buimolio; 8 41 '31111 d0 3SN3d3a !AINVHHVM
•pay aney ;room es!MJe4 10 I! 1841 ApewOJ Aug W014
Jepuel 1eq o} se os llne;ap ey; Bupno se penJisuoo eq sou Heys Jepuel Aq uo;oe yons Auy }InBsap ey; 40;un00oe uo pelp;ue eq Aew Jepuel y0!ym o;
selpaw:J AUB .10 s346lJ 18410 AUB o} uo1;lppe u! eq Heys ydej6ejed sly; u! Jo; pepinad 514611 eyi •s }unowe esay# 40 luewAed OJfOes;um osle 8686poV
a6ed
(penuf}uo3) 9b1ZOOV9 oN ueo1
09t7149N JdrWir isr-01 -80
08 -10 -2000 MORTGAGE 0&67c
Loan No 64002746 (Continued)
078
Page 4
within any grace period provided therein, including without limitation any agreement concerning any indebtedness or other obligation of Grantor to
Lender, whether existing now or later.
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies
or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. Lender, at its option, may, but
shall not be required to, permit the Guarantor's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory
to Lender, and, in doing so, cure the Event of Default.
Adverse Change. A material adverse change occurs in Grantor's financial condition, or Lender believes the prospect of payment or performance
of the Indebtedness is impaired.
Insecurity. Lender in good faith deems itself insecure.
Right to Cure. If such a failure is curable and if Grantor has not been given a notice of a breach of the same provision of this Mortgage within the
preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Grantor, after Lender sends written notice
demanding cure of such failure: (a) cures the failure within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately
initiates steps sufficient to cure the failure and thereafter continues and completes all reasonable and necessary steps sufficient to produce
compliance as soon as reasonably practical.
RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of any Event of Default and at any time thereafter but subject to any limitation in the
Note or any limitation in this Mortgage, Lender, at its option, may exercise any one or more of the following rights and remedies, in addition to any other
rights or remedies provided by law:
Accelerate Indebtedness. Lender shall have the right at its option without notice to Grantor to declare the entire Indebtedness immediately due
and payable, including any prepayment penalty which Grantor would be required to pay.
UCC Remedies. With respect to all or any part of the Personal Property, Lender shall have all the rights and remedies of a secured party under
the Uniform Commercial Code.
Collect Rents. Lender shall have the right, without notice to Grantor, to take possession of the Property, including during the pendency of
foreclosure, whether judicial or non judicial, and collect the Rents, including amounts past due and unpaid, and apply the net proceeds, over and
above Lender's costs, against the Indebtedness. In furtherance of this right, Lender may require any tenant or other user of the Property to make
payments of rent or use fees directly to Lender. If the Rents are collected by Lender, then Grantor irrevocably designates Lender as Grantor's
attorney —in —fact to endorse instruments received in payment thereof in the name of Grantor and to negotiate the same and collect the proceeds.
Payments by tenants or other users to Lender in response to Lender's demand shall satisfy the obligations for which the payments are made,
whether or not any proper grounds for the demand existed. Lender may exercise its rights under this subparagraph either in person, by agent, or
through a receiver.
Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Property, with the power to
protect and preserve the Property, to operate the Property preceding foreclosure or sale, and to collect the Rents from the Property and apply the
proceeds, over and above the cost of the receivership, against the Indebtedness. The receiver may serve without bond if permitted by law.
Lender's right to the appointment of a receiver shall exist whether or not the apparent value of the Property exceeds the Indebtedness by a
substantial amount. Employment by Lender shall not disqualify a person from serving as a receiver.
Judicial Foreclosure. Lender may obtain a judicial decree foreclosing Grantor's interest in all or any part of the Property.
Nonjudlcial Sale. Lender may foreclose Grantor's interest in all or in any part of the Property by nonjudicial sale, and specifically by "power of
sale" or "advertisement and sale" foreclosure as provided by statute.
Deficiency Judgment. If permitted by applicable law, Lender may obtain a judgment for any deficiency remaining in the Indebtedness due to
Lender after application of all amounts received from the exercise of the rights provided in this section.
Tenancy at Sufferance. If Grantor remains in possession of the Property after the Property Is sold as provided above or Lender otherwise
becomes entitled to possession of the Property upon default of Grantor, Grantor shall become a tenant at sufferance of Lender or the purchaser of
the Property and shall, at Lender's option, either (a) pay a reasonable rental for the use of the Property, or (b) vacate the Property immediately
upon the demand of Lender.
Other Remedies. Lender shall have all other rights and remedies provided in this Mortgage or the Note or available at law or in equity.
Sale of the Property. To the extent permitted by applicable law, Grantor hereby waives any and all right to have the property marshalled. In
exercising its rights and remedies, Lender shall be free to sell all or any part of the Property together or separately, in one sale or by separate
sales. Lender shall be entitled to bid at any public sale on all or any portion of the Property.
Notice of Sale. Lender shall give Grantor reasonable notice of the time and place of any public sale of the Personal Property or of the time after
which any private sale or other intended disposition of the Personal Property Is to be made. Reasonable notice shall mean notice given at least
ten (10) days before the time of the sale or disposition.
Waiver; Election of Remedies. A waiver by any party of a breach of a provision of this Mortgage shall not constitute a waiver of or prejudice the
party's rights otherwise to demand strict compliance with that provision or any other provision. Election by Lender to pursue any remedy shall not
exclude pursuit of any other remedy, and an election to make expenditures or take action to perform an obligation of Grantor under this Mortgage
after failure of Grantor to perform shall not affect Lender's right to declare a default and exercise its remedies under this Mortgage.
Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms of this Mortgage, Lender shall be entitled to recover
such sum as the court may adjudge reasonable as reasonable attorneys' fees at trial and on any appeal. Whether or not any court action is
involved, all reasonable expenses incurred by Lender that in Lender's opinion are necessary at any time for the protection of its interest or the
enforcement of its rights shall become a part of the Indebtedness payable on demand and shall bear interest from the date of expenditure until
repaid at the rate provided for in the Note. Expenses covered by this paragraph include, without limitation, however subject to any limits under
applicable law, Lender's reasonable attorneys' fees and Lender's legal expenses whether or not there is a lawsuit, including reasonable attorneys'
fees for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals and any anticipated
post Judgment collection services, the cost of searching records, obtaining title reports (including foreclosure reports), surveyors' reports, and
appraisal fees, and title insurance, to the extent permitted by applicable law. Grantor also will pay any court costs, in addition to all other sums
provided by law.
NOTICES TO GRANTOR AND OTHER PARTIES. Any notice under this Mortgage, including without limitation any notice of default and any notice of
sale to Grantor, shall be in writing, may be sent by telefacsimile (unless otherwise required by law), and shall be effective when actually delivered, or
when deposited with a nationally recognized overnight courier, or, if mailed, shall be deemed effective when deposited in the United States mail first
class, certified or registered mail, postage prepaid, directed to the addresses shown near the beginning of this Mortgage. Any party may change its
address for notices under this Mortgage by giving formal written notice to the other parties, specifying that the purpose of the notice is to change the
party's address. All copies of notices of foreclosure from the holder of any lien which has priority over this Mortgage shall be sent to Lender's address,
as shown near the beginning of this Mortgage. For notice purposes, Grantor agrees to keep Lender informed at all times of Grantor's current address.
MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Mortgage:
Amendments. This Mortgage, together with any Related Documents, constitutes the entire understanding and agreement of the parties as to the
matters set forth in this Mortgage. No alteration of or amendment to this Mortgage shall be effective unless given in writing and signed by the
party or parties sought to be charged or bound by the alteration or amendment.
Annual Reports. If the Property Is used for purposes other than Grantor's residence, Grantor shall furnish to Lender, upon request, a certified
statement of net operating Income received from the Property during Grantor's previous fiscal year in such form and detail as Lender shall require.
"Net operating income" shall mean all cash receipts from the Property less all cash expenditures made in connection with the operation of the
Property.
Applicable Law. This Mortgage has been delivered to Lender and accepted by Lender in the State of Wyoming. This Mortgage shall be
governed by and construed in accordance with the laws of the State of Wyoming.
Caption Headings. Caption headings in this Mortgage are for convenience purposes only and are not to be used to interpret or define the
provisions of this Mortgage.
Merger. There shall be no merger of the Interest or estate created by this Mortgage with any other interest or estate in the Property at any time
held by or for the benefit of Lender In any capacity, without the written consent of Lender.
Multiple Parties. All obligations of Grantor under this Mortgage shall be joint and several, and all references to Grantor shall mean each and
every Grantor. This means that each of the persons signing below is responsible for all obligations in this Mortgage.
Severabilf If a court of competent jurisdiction finds an ision of this Mortgage to be invalid or unenfor Rs to any person or
9 abed
INIliz
I■11:13d0F1d11 09Z'Ed 093'Ed 600 AMI 'penJa9QJ sly9U IIV 'ouJ 'sawn $o1d Id0 000Z (0) LZ'C 'JaA V led's'n 139 1:1 0F1d IdASY1
sajldxe uo}sslwwo3 Aw
{a Snipped
x3 uotsstwwOO Aw
atom
JM 10 4uno3
OI18nd V1ON S3106 Isom
aagwaW `NVWUON VSI1
:Ag
(panui ;uo3)
-111w0/4M 10 a ;e ;S 9111 J/ pue ul 3 nd AW;oN
Ag
•Auedwoo
Al @get! peat! ay{ Io ;leyeq uo e6e61Jow ey; pe ;noexe ;osl ui pus a6e6pow sly; a ;nbaxe 0; pezuoy; ey; ;ey; pe ;s ;s y ;ao uo pus 'peuol ;uew
utaiay; sesodind pue sesn ey; Jo; ;uewee.46s Bul ;eaedo s ;1 JO not ;eztus6ao to sa;olps s;! 'e ;n ;s ;s Io Aiming Aq 'Auedwoo ABl!gell pe ;tw!I ey; ;o peep
pus los AJe ;union pus 9931 ey; aq o; a6e6pow ey; pe6pejMoulos pus eBeBpow ey; pe;noexe ley; Auedwoo A ;lilgu!! pa;!w!I ey; ;(3 s ;ue6s pa;suClsep
JO sieqwew eq o; ew o; umou�l pus '011 `S311H3dOHd 1 1 aagwaW 'NVWNON VSII Pue 311 `S3Ill d !!d 1'8 1 lo Jagwa}ry `NVWIiON
•W N3:Ol peasedds Allsuosied ougnd AJe ;oN peu6lsiepun ey; 'ew *Nom 7703
'0 10 Asp 4/ sly; uO
SS
1N3INOa31MONN3V ANVcMO3 Ainiewnl a311Wn
dO AIN1103
ti( dO 31VIS
'SWFi31 911 01 S33H0V HO1NVHD °NV `3OVO.HOW SIHI d0 SNOISIAOHd 3H111V oval ONIAVH S3oa31MONNI3V HOINVUD
•pannbei sl }uasuoo yons eJayM seous ;sul ;uenbesgns
0; ;uasuoo Buinut }uoo e;n ;t }suoo ;ou bays eous;sut Aus ul Jepua Aq 1U0SUO0 yons 10 But ;usJ6 ey; 'e6e6pow sly; ut pennbei st iepueg Aq }uesuoo
JeneueyM •suogoesueJ; em;n; Aue 0; se suot ;s6llgo s,a0;usa0 )0 4us Jo s ;y6ta s,iepue- 10 Aus ;o JeAISM B e }n ;I ;suoo pays `ao ;usiO pus Japua1
ueem;aq Buileep lo esmoo Aue JOU 'Jepua Aq aant8M aoud ON •uolslnoad Je4 ;o he Jo uolslnoad wy; y;1M eouslidwoo lows puswep o} es!Maey ;o
;y6ti s,Apsd ay; aolpnFeid .10 10 JenlsM a e ;nA}suoo ;ou Heys a6e6pow sly; ;o uolslnoJd a to Aped Aue Aq JeAIEM v 11 !J Jet o Aus Jo ;Op yons
;o J8AIBM B se a;eJedo pays }y6ta Aus BulslpJexe u! Japuei 10 ;Aid ey; uo uolsslwo .10 Aelep oN Japuei Aq pau6ls pus But ;l1M ul sl JentsM yons
ssalun (s}uewnooa pe }sled ey; Jepun Jo) a6e6pow sty; Jepun s }y8p Aue pen!sM envy o} peweep eq }ou Heys iepue •81082003 pue sJan;pm
•86e6pow sty; Aq pampas sseupe ;gepul 118 0; se Bu1woAM
10 a;e ;g ay} )0 SMSI not }dwexe pee ;sewoy ay} 10 s;1leueq pus s;y61u Its senlsM pus sesselal Agway Jo;u8J0 'uo{ ;dwax3 pea ;sewoH ;o Jan;eM
•e6e6pow sty; to eouswioped ey; u! eouesse ey; ;o St ewlj •aauess3 ey ;o s! awll
•sseupe ;gepu; ey; Jepun Amps!! ao e6e6pow s14110 sup )eStlgo ey; wa; Jo;usJ0 6utseetaJ;noy;!M uotsue}xe Jo eousisegio;
10 ABM Aq sseupe ;gepul ay; pus e6e6pow sty} 0; 8311eJ010J yip siosseoons s,ao;uBJ0 y {!M jeep Aim 'Jaime 0; eol ;ou ;nog ;lm 'Jepuei
'lo;usJ9 uey; aay ;o uosied a u! pe ;sen sewooeq ApedoJd e4 #;0 dtysJeuMo 11 •subisss pus siosseoons aley ;'selpsd ey; )0 }1leueq ay; o} emu! pue
uodn Butpulq eq Heys ebe6po0; sty; }seJew! volume 10 Je1SU8J} uo eBeBpow sty; ul pawls SuOys ;twat ay; o; }3a(gng 'su6!SSV pue sJossaaanS
•elgseoaolue pue pNen utvwe' 11e4s s;oedseJ ;0 Ha ut e6e6pow s1441 10 suotslnad Be1.110 08 pus ue)1OIJ ;s eq 114344s 41 'pe111pow os
aq ;cum uotslnoJd Butpue) o ey) It •Janemoy :A;1P4Isn 10 A;tllgeeOJolue l0 s }1w11 ay} wy ;lM eq o} pe1ltpow eq 0; peweep eq !legs uotstnoJd 6ulpuello
yons Aue 'elgtsee; ;1 •seoue;swnoi p JO suosied Jey;o Aue 0} se etgeeoaolueun JO pHvnu! uotslnoad ley) Jopuei ;ou Heys 8utpw; yons 'eous ;swnoilo
9bLZ0009 oN ueo1
.111Z-0L-80