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expenses and advance payments for abstract fees, attorneys fees (to the extent allowed by law), costs, expenses, appraisal fees, and other charges
and any amounts so advanced will become part of the principal indebtedness secured hereby, be immediately due and payable and bear interest
at the default rate provided in the note(s) from the date of advance until paid.
6. Any awards made to Mortgagor(s) or their successors by the exercise of eminent domain are hereby assigned to Mortgagee; and Mortgagee is
hereby authorized to collect and apply the same in payment of any indebtedness, matured or unmatured, secured by this mortgage.
7. In the event of default in the payment when due of any sums secured hereby (principal, interest, advancements, or protective advances), or failure
to perform or observe any covenants and conditions contained herein, in the note(s), loan agreement(s), or other instrument(s), or any proceeding
is brought under any Bankruptcy laws, Mortgagee, at its option, may declare the entire indebtedness secured hereby to be immediately due and
payable and the whole will bear interest at the default rate as provided in the notes) and Mortgagee may immediately foreclose this mortgage or
pursue any other remedy at law or equity, including foreclosure by advertisement with a power of sale in Mortgagee to the extent provided by
applicable law. Delay by Mortgagee in exercising its rights upon default will not be construed as a waiver thereof and any act of Mortgagee waiving
any specific default will not be construed as a waiver of any future default. If the proceeds under such sale or foreclosure are insufficient to pay
the total indebtedness secured hereby, Mortgagor(s) does hereby agree to be personally bound to pay the unpaid balance, and Mortgagee will be
entitled to a deficiency judgment.
8. Upon default, Mortgagee will at once become entitled to exclusive possession, use, and enjoyment of the property and to all rents, issues, crops,
profits, and income thereof, from the time of such default and during the pendency of foreclosure proceedings and the period of redemption, the
delivery of which may be enforced by Mortgagee by any appropriate suit, action, or proceeding. Mortgagee will be entitled to a Receiver for the
property and all rents, issues, crops, profits, and income thereof, without regard to the value of the property, or the sufficiency thereof to discharge
the mortgage debt and the foreclosure costs, fees, and expenses. Such Receiver may be appointed by any court of competent jurisdiction upon
ex parte application, notice being hereby expressly waived. The Receiver will apply all rents, issues, crops, profits, and income of the property to
keep the same in good repair and condition, pay all taxes, rents, fees, charges, and assessments, pay insurance premiums necessary to keep the
property insured, pay the expense of the receivership and attorney fees incurred by the Receiver, and apply the net proceeds to the payment of the
indebtedness secured hereby. Such Receiver will have all the other usual powers of receivers authorized by law and as the court may direct.
9. The integrity and responsibility of the Mortgagor(s) constitutes a part of the consideration for the obligations secured hereby. Should Mortgagor(s)
sell, transfer, or convey the property described herein without prior written consent of Mortgagee, Mortgagee, at its option, may declare the entire
indebtedness immediately due and payable and may proceed in the enforcement of its rights as on any other default.
10. Assignment of Rents including Proceeds of Mineral Leases. Mortgagor(s) hereby assigns, transfers, and conveys to Mortgagee all rents,
royalties, bonuses, and delay moneys or other proceeds that may from time to time become due and payable under any real estate lease or under
any oil, gas, gravel, rock, or other mineral lease of any kind including geothermal resources now existing or that may hereafter come into existence,
covering the property or any part thereof. All such sums so received by Mortgagee will be applied to the indebtedness secured hereby; or Mortgagee,
at its option, may turn over and deliver to Mortgagor(s) or their successors in interest, any or all of such sums without prejudice to any of
Mortgagee's rights to take and retain future sums, and without prejudice to any of its other rights under this mortgage. This assignment will be
construed to be a provision for the payment or reduction of the mortgage debt, subject to the Mortgagee's option as hereinbefore provided,
independent of the mortgage lien on the property Upon payment in full of the mortgage debt and the release of this mortgage of record, this
assignment will become inoperative and of no further force and effect.
11. This Mortgage constitutes a Security Agreement with respect to all the property described herein.
12. The covenants contained in this mortgage will be deemed to be severable; in the event that any portion of this mortgage is determined to be
void or unenforceable, that determination will not affect the validity of the remaining portions of the mortgage.
STATE OF Wyomi n g
COUNTY OF Lincoln
On this 24th day of July
ss
to me known to be the person(s) named
hiss, tt Q`p loy"" t and deed.
Se4R
•,11111. n
CHARTERED O ctober 15, 2002
•s
corrnnsion 9i. S
1,, "14 `,00
Ap 00193215; Primary Customer ID 00083497; CIF 88581
FORM 5014, fain Mortgage I
INDIVIDUAL BORROWER ACKNOWLEDGMENT
2000, before me, a Notary Public, personally appeared W.G. Marchione
in and who executed the foregoing instrument, and acknowledged that he executed the same as
B'ad W. illford
(Type name under .signature)
Notary Public in and for said County and State
BRAD W. WILLFORD NOTARY PUBUC
County of f,; State of
Lincoln Wyoming
My Commissbn Expires October 15, 2002
Legal Doc. Date: July 24, 2000
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