HomeMy WebLinkAbout867207WHEN RECORDED MAIL TO:
RETURN TO: SMI Wesley Hess
P.O. Box 540817 TREVOR GARRELLS
Houston, TX 77254 -0817 5559701
WY, LINCOLN
1
l ot ft EL.EAME Op,
This M ort gage
in 11011 1-6f MORTIA E
867207
RECEIVED
.._L.NCQt N CO`_1 /ry
On JUL 27 8: 14
JEANNE KEM ERER, W
1N�
BOOK 4 PR PAGE 2 5
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
MORTGAGE
THIS MORTGAGE dated July 5, 2000, is made and executed between TREVOR GARRELS AND KRISTIE GARRELS,
HUSBAND AND WIFE AS TENANTS BY THE ENTIRETIES, whose address is 167 PARKWAY DR, ALPINE, WY
83128 (referred to below as "Grantor and Bank One, NA whose address is 100 East Broad Street, Columbus,
OH 43271 (referred to below as "Lender
GRANT OF MORTGAGE. For valuable consideration, Grantor mortgages and conveys to Lender all of Grantor's right, title, and interest in and to
the following described real property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
easements, rights of way, and appurtenances; all water, water rights, watercourses and ditch rights (including stock in utilities with ditch or
irrigation rights); and all other rights, royalties, and profits relating to the real property, including without limitation all minerals,. oil, gas,
geothermal and similar matters, (the "Real Property located i n LINCOLN County, State of Wyoming:
THE FOLLOWING DESCRIBED TRACT OF LAND IN LINCOLN COUNTY, STATE OF WYOMING, TO -WIT: LOT 7,
PALIS PARK SUBDIVISION, ACCORDING TO THE OFFICIAL PLAT THEREOF, BEING PART OF THE N 1/2 SE
1/4 AND THE SW 1/4 NE 1/4 OF SECTION 29, T37N, R118W, 6TH P.M., WYOMING. SUBJECT TO
RESTRICTIONS, RESERVATIONS, EASEMENTS, COVENANTS, OIL, GAS OR MINERAL RIGHTS OF RECORD, IF
ANY.
The Real Property or its address is commonly known as 167 PARKWAY DR, ALPINE, WY 83128. The Real
Property tax identification number is 37182940600500.
Grantor presently assigns to Lender all of Grantor's right, title, and interest in and to all present and future leases of the Property and all Rents
from the Property. In addition, Grantor grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents.
THIS MORTGAGE, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS
GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE,
THE RELATED DOCUMENTS, AND THIS MORTGAGE. THIS MORTGAGE IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
PAYMENT AND PERFORMANCE. Except as otherwise provided in this Mortgage, Grantor shall pay to Lender all amounts secured by this
Mortgage as they become due and shall strictly perform all of Grantor's obligations under this Mortgage.
POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor agrees that Grantor's possession and use of the Property shall be governed by
the following provisions:
Possession and Use. Until the occurrence of an Event of Default, Grantor may (1) remain in possession and control of the Property; (2)
use, operate or manage the Property; and (3) collect the Rents from the Property.
Duty to Maintain. Grantor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
necessary to preserve its value.
Compliance With Environmental Laws. Grantor represents and warrants to Lender that: (1) 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
Substance by any person on, under, about or from the Property; (2) Grantor has no knowledge of, or reason to believe that there has
been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws,
(b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, under,
about or from the Property by any prior owners or occupants of the Property, or (c) any actual or threatened litigation or claims of any
kind by any person relating to such matters; and (3) Except as previously disclosed to and acknowledged by Lender in writing, (a) 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 Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance
with all applicable federal, state, and local laws, regulations and ordinances, including without limitation all Environmental Laws. 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 Substances. Grantor hereby (1) 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 (2) 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 occurring prior to Grantor's ownership or interest in the Property, whether or not the same was or should have been
known to Grantor. The provisions if 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), coal, clay, scoria, soil, gravel or rock products without Lender's prior
written consent.
Removal of Improvements. Grantor shall not demolish or remove any Improvements from the Real Property without Lender's prior written
consent. 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 Lender's agents and representatives may enter upon the Real Property at all reasonable times to attend
to Lender's interests and to inspect the Real 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. 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 Lender's option, declare immediately due and payable all sums secured by this
Mortgage upr or transfer, without Lender's prior written= of all or any part of the Real Property, or st in the Real
•iapual ;0 1UOsuoO ueuUM
mood 9141 Lnoyl!M 1Uewaei6e *moos Lions Aue iapun saouenpe ein1n; Aue Ldeooe iou isenbai 1ay;lau (legs Joule1D •iapual to .uasuo3
ueuuM loud 944 1noyliM paMauai io 'papuaixe 'papu9we 'pal ;ppow sl luawaai6e 1841 t olyM Aq 96e831o1N sly. .Ono 4100 sett gOlgM
iuewaai6e Ailinoas ia9io JO '.9111. ;o paap '9OeBliow Aue ;o iaploy ay1 41iM ivaweai6e Aue ow! Jalua iou Heys JoiUe1D •uo) ;e31 ;!poug oN
•ssaupalgapu! tans 1o; sluawnoop Awnoas Aue iapun .jnelap Aue Jo 'ssaupalgapul Lions 6wouapina sluawnmsu!
ay1 iapun 11ne ;ap Aue 'ssaupalgapul tons uo ilne ;ep Aue luanaJd oL pue sseupelgapul 6ullslx3 a ;o luawAed ayl of ass io 'Aed o1 saamBe
pue sweuanoO Aissamdxa iolueiD 'ZE6LOLS Aleiewixadde ;o aoueleq fedlouud luaiino e sett uol.e6ggo eu! #slxe ayl •uol #e6ggo Bullslxa
ue ;o luawAed Bulmnoes uaH eta ioua4u! pue Aiepuooes aq Aew ssaupalgapul ay. Buunoas e6e61JoIN sly. ;o ua!! eyl •u9p Bui ;slx3
:e6e6;iolnl sly. ;o #ied a aie ssaupalgapul Bulislx3 6uluiaouoo suolslnoid BuiMOHo; a41 'SS3NO3183aNI DNIISIX3
lln;
u! pied s! ssaupalgapul s,moluem9 se aw!. tons pun 139449 pue eoio; Hn; u! ulewai He9s pue aJnleu u! BulnupuoO aq Heys '90e6UO AJ s!41 to
AJ3ng3p pU9 uo!lnOaxa 0111 en!nins 119ys 36e61ioot sly; u! spew sett ioluei0 sluewalels pue 'sluawaai6e 's3slwoid Hy •sasguoid ;0 Ienlning
•saggolin9 leluewwano8 to suolleln6am pue 'sooueulplo
'me! algeogdde Bullslxa Ile yilM salldwoo Aliadoid ay# ;o asn s,ioiuei0 pue AUedomd ay# 1841 s #ueiieM ioluei0 •sMel Lam aOuelidwo0
•uo!#ed!O!#ied
Lions ;lwied o; awl; of awp wog lsenbei Aew 19pu91 se sluawnm.su! 43ns iepuaq of 'pamangap eq o1 esne3 mo 'Jangap IIIM 1o;uei0
pue 'aoloyo uMO s,iapual ;o lasunoo Aq 6ulpaaooid ay1 u! pa;uasaidai eq of pue 6ulpaaooid 991 ul aied!3l ;led o; papgua aq Heys 1epue1
1nq '6ulpaaooid tons u! Aimed leulwou 841 eq Raw Joluei0 •asuedxe s,ioluel0 Le uolloe 941 pualap !lees ioluei j '96e1b.iolN sly# iapun
Japuel ;o 1s91a1u! 941 io app s,ioluei0 suol.senb ieyi peouewwoo s! 6ulpaaooid io uolloe Aue luene 941 u! •suosiad Ile ;o swlelo !n ;Mel NI
.suleBe Aliadoid ay. of eI1l. 041 pue lap JOAOJo; IIIM pue 91ueJmeM moluei0 'enoge yde26ered tag u! uolldeoxa 341 o1 #oafgns '81#11 }o asua ;a0
•29puej o. a6e61iolN sm. 2enilep pue e.noexe o1 A1luoyin9 pue 'JeMod '1461m gni a sett iolueig
(q) pue '96051iolN sm. g1IM uonoauuoo u! iepuaq 'Aq peldaooe pue '4o 4one; u! panss! uoluldo aim :eul; io 1.1od02 oft 'Aollod e3ueinsw
al1t. Aue u! 10 Moleq uo!loes ssaupalgapul 6ullslx3 941 uI JO uolidiJOSap Aliadoid le9J 941 u! gm; las`esoyl ueo# 20410 saoueigwnoua pue
sue!! He to Jeep pue 8014 'aldw!s asp u! Auadomd out of piooei 4o awl algelavew pue pooB spot/ Joluem0 (9) :#ey# sweiieM iolueiD •alill
:e6e61iolN sl41 ;o lied a 919 Ail9dad mg 10 d14siauMo 01 6u!1ela2 suolslnoid BulMollo;
(penup.uo3)
Z abed
8 41 '31111 10 3SN3d30 A1NV88VM
•pay aney pinoM esIMiaylo 1I le Apewei
Aue wag iapual 2eq 01 se os 1lne;ap 041 Buu2no se penilsuo3 eq 1ou (legs iapual Aq uolloe tons Auy •#Ina;ap Aue 4o lun000e uo pell!lua aq Aew
iapual yolyM o1 sa(pewel Aue io 9146.1 29940 Aue of uoiiipp u) eq Heys ydei6eied sl41 ul 1o; papinoid sll6Im ayl •slunow9 asa 10 luawAed
ainoes !I!M osle Aliadoid 041 •A1)inlew S,9 ON mg le algeAed pue anp aq !gm yOIgM luawAed uooileq 9 se pelea4 eq (0) io :01ON ayl ;o WJa1
Bu!u!ewei ay. (Z) JO :A3god eaueinsu! a(geogdde Aue 10 wJel 941 (L) iay118 6ugnp anp awooaq o1 sluewAed luawllelsu) Aue 11!M algeAed eq
pue 6uowe pauol.lodde eq pue e40N eyl ;o aoueleq ayl of pappe eq (8) 'puewap uo a(geAed eq (y) IIIM 'uol.do s,lapual .e 'pue ssaupalgapul
919 40 lied a awooaq HIM sasuadxe tons Hy •1oweJo Aq luewAedei 10 919p mg 01 iapual Aq pled Jo pemmnou! alep ayl wa4 910N e1L iapun
pa6ie1O 91e1 991 ie lsaalul Jeaq tam IIIM sasodlnd tons 1o; iapual Aq pled 20 palinou! sesuadxe Hy •ssamalU! s,mepuel 1O91ad of aleudadd9
aq of sanegeq iapual 4944 uolloe Aue 9191 '01 pannbei lou s) 1nq 'Aew ;Ieyaq s,iolueiD uo iapual uayl 'Aliadoid 941 u! maim! s,iapual
1O8 19 Alleualew pInoM ley. paouawwoo sI Bu!pea0ad io uolloe Aue ;l *os opAew iapual ua41 'Molaq pannbei se 6ulpuels pooB u) ssaupalgapu(
6ups!x3 weligew 01 uoILe6ggo'Aue SLIM Aldwoo 01 JO Aliadoid 991 of snedeJ 9)(ew of (0) 'A#iadoad eta uo aoueinsul pannbei Aue ap!noid of (g)
swlelo iaylo pue 'seoueigwnoua 'maim! Allinoes 'sue!! 'saxel Ile 10 081; Aliadoid ayl deed of (v) sIe; loluei0 41 'S3k1 11IaN3dX3 S,li3aN31
•ssaupalgapul 6ullslx3 ayl ;o mom ay. of glgeAed lou speaooid 941 to uolimod #eq1 of Apo Aidde
Keys spee3old ;o uo!slnlp Jo; a6e61io(N S!43 u) suolslnoid 941 'ssol uo eigeAed awooaq aOU92nsu! 941 woi; spaaooid Aue 'luawannbai
aoueinsul ;o uol.9Ogdnp a e.n1llsuoo pinoM 96e61J0A1 s!' l to sump. 941 4;!M aouegdwo3 lualxa cm 0l 'e6e61.iovy sly. iapun suolslnoid
a3Ueinsut ay. tow a0u9gduoO alnl)lsuoo Heys ssaupalgapu( Bul1s!x3 Lions 6utouap!na luewnm ;sul ayl u) pau(ewoO su0!s!nomd 93ueinsu! 941
gIIM aOUegdwoo '1O9 ;43 u) s( mom pequosep sseupelgapul 6ullslx3 Aue yo!1M u! po!Jed ay. 6uuna •ssaupalgapul 6ullslx3 41p% a3u9HdwoO
•AlJedoid tons 4o ales emnsoloamo; Aue le JO '80e012olN smy.40 suolslnoid all iapun play ales ma 10 ales s,aalsnml Aue #e e6e61moiAl sly.
Aq pale/too Aliadoid 991 ;o Jaseyand 941 'ol ssed pue ;o 1l;auaq 991 0l aims! Ileys aoueinsul pandxaun Auy •¢leg le eouemnsui pemldxaun
•leedde Aew slsaialg s,moluem0 se moluemc0 of pled eq 119gs speeQad tons 'sseupa.gepul ay. 40 1411; u! luawAed mall¢
spaa0ad Aue molt iapual 41 •ssaupalgapu) ayl ;o aoueleq led!OU!Jd eyl 01 pegdde eq (legs 'Aue 'mapulewai ay. pue 'Isamaiu! panto °e Aed
o; uayl '38e64moW sly. 2apun 1apu91 0# 6UIMO lunowe Aue Aed of 1sn; pesn aq Heys Aliadoid ayl 4o uollemolsam JO nedei 944 0l pau)wwoO
10u 994 iapual 11ONM pup ld:e3em nato mOce sAep Os i Ulq;IM pasingslp ueaq lou aney town speeoomd Auy •a6e6imolN sly. iapun
memo u! iou Si molueJO uol.eloisa2 20 nedai ;0 1900 aIgeuosea2 ayl 2o; spae0old ay1 wag iolueig esingwlam mo Aed 'amnipuedxa Lions
4o 400Jd Amoloe ;sl.es uodn 'Heys 18pU01 •iapual 01. Amoloe ;sites 2BUUew a ui s.uawanomdw( p3Aalsap JO paBewep 941 83eide2 JO ned9i Heys
mowem0 'nedam pue uol1OJO1SOi o1 spaa3omd ay. Aldde o1 910019 JepU91 4! •A11Odoid 8114 ;o neda2 pue uo(lemolsa1 9141 JO 'A.madold ay; 6u140a; ;9
u Aue ;o luawAed ssaupalgapui ay1 10 uoilOnpam 941 01 spea0omd oyi Aldde pue OOUelnsu! Aue 10 spea0ad 9111 u!e192 pue ONa30i 'uo(109(9
9,mapual 19 'Aew iapual penedw! s! *moos 9,mapual 1ou JO 194104M •AlfenseO a 10 sAep (g L) uaa# ;!4 ul911M os op 04 sge; moluem0
ssoi to ;mud alew Aew iapual •A1Jadomd ey1 0. 0Bewep 10 sso( Aue 40 iapual A ;!iou A(ldwomd !legs moluem0 •spa90ad ;o uolle0!ddy
•ueo! 041 ;o WJa1 991 Jo; OOUemnsu! tons ulewlew o1 pup 'J9pual
Aq pennbam as!Mma1lo se 10 'wem6ad aOUemnsul pool] (euo!leN 941 iapun las sliwII AOgod wnw!xew 841 01 do 'ueo. 9111 Bugnoas Aliadoid 9144
uo suag mound Aue pue ueoi 941 10 90ueleq ledlouud p!edun lin; 094 1o; 'ewe pleze9 pool; I9!0ads 9 u! 13919001 s! A.madomd ayg ley. iapual Aq
uan16 s! a0tlou 291 19 sAep g{, uiyliM 'alge(ene 'aoueinsul pooB leiapa3 uieluiew pue u!elgo 01 9x9169 molueJD 'ease pieze9 pool; !8!Oads e
se AOUa6y luaweBeuein( AoueDiew3 IeJapag 341 to molOana 941 Aq peleu6!sep 9029 ue u! p'49001 aq Almadad (e0)4 0111 pinous •uosmad 2a910
Aue io moluemO 10 1Ine49p io U0ISS!wo '109 Aue Aq AeM Aue u! penedwi eq 1ou HIM 2OpUel ;o move; u! aBeianoO 1991 Bulpinoid luawasIOpua
ue apnIOu! Heys osie Aollod aoueinsul 4393 •aORou Lions an!B 01 91nge4 io; Agigteg s,291nsu! 044 40 mawlelOSlp Aue Bulu!ewoO 10U pue
iapual 01 90!1ou ua44iM mud ,sAep (011 ua1 40 wnwlulu 9 1noggm pags!u!w!p JO pe feoueo eq iou HiM 969J9Ao3 1941 uo!lelnd!4s a Bulweiuo0
JOJOSUl 14098 wa4 a6emanoO ;0 99193 mepUel 01 Jangep Heys Jo1Ueig •iapual 01 algeldeooe Algeuoseai aq Aew se wino; tons w pue
sa!uedwoO OOUemnsu! tons Aq ua41l1M eq !legs sa!OHod •iapual 4o Zone; u! asnelo aa6e612ow pmepuels e 91!M pue 'asn910 e0uelnsulo0 Aue ;o
uol4e0gdde pion¢ 01 wa1014ns lunowe ue u! Almedad Ieag 991 uo sluawanoldwl He 6uuano3 31119A alge2nsui on; 941 1o; siseq luawe0eIde2 e
uo swawasiopua 06929n0O papUalxe pm8pue19 41!M a3ueinSu! an4 ;o sal0god uieluiew pue ein0OJd Heys moluemD •eouelnsul ;0 e3u9ueluIew
:06e611oyj s!411.0 11ed 9 029 Alladad 991 Buiinsui 1316(.1491w suolslnad Bu!MOHo4 0141 '3ONVHnSNI 30VL Ya A11d3dO id
•sivawanomdw! tons ;0 1900 944 Aed IIIM pue ueo
104U910 1941 iapual 01 Amoloe ;sites saOU9lnsse e0uenpe 19pUal 01 ysgun; 2apual ;0 lsenba uodn HiM io4uemn •sl9Ua1ew 20 's03lnias ')I1OM
941 to iuno0oe uo paUasse eq moo ua!l mawlo 10 'ua!! s,uawfeIJalew 'tie!! s,0lue90aw Aue 4I Aliadad 041 01 pa11ddns 928 s1elmalew Aue
10 'paysgun; 019 S00lnl0S Aue 'paouawwoo s! *tom Aue 920 ;9q sAep (9 L) 0001114 1s991 1e 2apu01 A ;1ou (legs mo4UeJD •uoi;On23suo0 ;o e0goN
•Aliadoid ay4
lsule6e sluawssasse pue sexel 991 40 wawale ;s ua1IJM a awl. Aue 1e iapual 01 maniIOp of l9!0! ;;0 leluawumano6 aleudadde 991 azgoylne
!legs pU8 sluawssasse JO saxel. 944 4o luawAed to a0uapina A1ol0e4s1#es iapual 0; 4sluin; puewap uodn Heys molueJD •luawAed }o aouep(n3
•sGu!pa33omd 4sa4U00 0141
ui pa1s!umn4 puoq /aegis Aue iapun eoOiigo feuoll1Ppe ue se iapual aweu !legs io4U919 •Al2adad 041 lsule6e 1Uawa31o4ue amb;aq luaw6pnf
asJanpe Aue A ;spas Heys pue 1apUel pue ;Ian! pua;ap Heys 10we10 'lsawoO Aue u! •uaH 091 iapun ales 10 amnsoi09204 9 40 1(nsal a se
8112008 moo 1841 9061940 2ay10 JO 'sae; 8Iq!sslwlad pug 91903 Aue snld ua!( 091 a6mey0slp 01 1ua!3l4;ns lunowe u9 u) iapual 01 A2o10e4sl4Os
A4llnoos .aylo 10 puoq Alamns 01920d100 1uaIO4;ns a 10 ys90 Japuel 94!M 1!sodep '1epuai Aq polsanba 4! 10 'ue!I 941 4o a0mey0s!• ay. OJn0es
'6U 9y1 ;0 90!4ou 599 1olue10 19449 sAep (g 1,) Uaa1 ;I; UI4.IM 'pall; s! uaH a '10 eosin uaH 841 191;9 sAep (91,) uaa1414 uiyliM Heys 1o4u919
'1uawAeduou 4o 4Insam a se peg S! 10 SeSIJO u9g 9 41 oaz!pmedoef iou st AlJedad 9141 u! 1sam91u! s,lapual se duo! os 'Aed o1 uolle6ggo
9 JOAO elnds!p 91!e; poo6 9 91IM uo)10euuoO u! W!9(0 10 'luawssasse 'x91 Aue 4o luawAed p(oyyliM Aew 2o1Ue20 •4sa4uo0 0l 111618
•ydei6eied 6u!M0Ho4 a u! pap!nad as!Miay4o se 1da0xa pug 'MOf9q o1 p9m10182
ssaupalgapul 6ullslx3 841 mo; lda0xe 'anp 1ou sluawssasse pue saxel to lisp 0111 2o; 1da0xa '96e642oIN 9!91 iapun lapuel ;o ls9IOw! 011
01 Ienba 20 JOAO 41011d 6111ne4 suet! Ile 40 9914 Alledo.d ay1 ul9w)ew Heys 2owe10 •Alladomd ay. 01 payslwn; Ie11a18w 10 peJapuai SO0IAJOS
moo 10 uo auop )jmoM 104 swlelo H9 anp uayM Aed Heys pue 'AUedad 044 ;0 1u11o009 uo 10 lsule6e owe! scamp 00!AJOS 13M9S pue 5901940
2a4eM 'sluawssasse 'saxel le!3ads 'saxes IlaAed '59x94 Ile (AOUanbugap o1 loud mane 119 lit pue) anp uayM Aed Hegs 1o1U810 luawAed
:06e61moiJ sly4 40 Lied ale Auedomd 941 uo sue!! pue saxel 9111 •1 Bwlela1 suo!s!nad Bu!Mogo; 841 •SN311 aNy S3XV1
*Me! 6ulwoAM Aq 10 Mel !e19pa; Aq pel)q!gad s! 99)329x9 tons 41 Japual Aq pas!Olaxa aq 1ou 11949 uolido
51114 'man:MOH •AliedOJd 190)4 044 U! 450101U! lie 40 eoueAonuoo ;0 p091ew 10410 Aue Aq JO 'A1iad01d !egg eta 0; 01411 Bulpioq 491114 pue! Aue 0110
u! 4saa.u! le!04auaq Aue 10 1a4sue14 io 'wawu6lsse 'ales Aq 20 '10e11uo0 uolldo -areal 's2eaA (E) 991 ue91 1818816 twat. a q4!M Isamu! mousses!
'poop 1o; 43e14uo0 '43e2#uo0 pue! '10914000 ales luawgelsu! 'peep 'ales 4961/4110 Aq 2094a1M :A1elunIonu! 10 A.elunlon 1a4489M :8(gel)nbe io
lelol;auaq '19691 1891a9M :Aliadoid lea)4 091 u! 199101u! 20 aµ!1 '19611 Aue 10 Alledad ieeg ;o 83U9A0A000 8141 sueew „1a4sue11 JO ales„ y •Aliedad
0867207
MORTGAGE
(Continued)
25L
Page 3
CONDEMNATION. The following provisions relating to condemnation proceedings are a part of this Mortgage:
Proceedings. If any proceeding in condemnation is filed, Grantor shall promptly notify Lender in writing, and Grantor shall promptly take
such steps as may be necessary to defend the action and obtain the award. Grantor may be the nominal party in such proceeding, but
Lender shall be entitled to participate in the proceeding and to be represented in the proceeding by counsel of its own choice, and Grantor
will deliver or cause to be delivered to Lender such instruments and documentation as may be requested by Lender from time to time to
permit such participation.
Application of Net Proceeds. If all or any part of the Property is condemned by eminent domain proceedings or by any proceeding or
purchase in lieu of condemnation, Lender may at its election require that all or any portion of the net proceeds of the award be applied to
the Indebtedness or the repair or restoration of the Property. The net proceeds of the award shall mean the award after payment of all
reasonable costs, expenses, and attorneys' fees incurred by Lender in connection with the condemnation.
IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental taxes,
fees and charges are a part of this Mortgage:
Current Taxes, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in addition to this Mortgage and take
whatever other action is requested by Lender to perfect and continue Lender's lien on the Real Property. Grantor shall reimburse Lender for
all taxes, as described below, together with all expenses incurred in recording, perfecting or continuing this Mortgage, including without
limitation all taxes, fees, documentary stamps, and other charges for recording or registering this Mortgage.
Taxes. The following shall constitute taxes to which this section applies: (1) a specific tax upon this type of Mortgage or upon all or any
part of the Indebtedness secured by this Mortgage; (2) a specific tax on Grantor which Grantor is authorized or required to deduct from
payments on the Indebtedness secured by this type of Mortgage; (3) a tax on this type of Mortgage chargeable against the Lender or the
holder of the Note; and (4) a specific tax on all or any portion of the Indebtedness or on payments of principal and interest made by
Grantor.
Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of this Mortgage, this event shall have the
same effect as an Event of Default, and Lender may exercise any or all of its available remedies for an Event of Default as provided below
unless Grantor either (1) pays the tax before it becomes delinquent, or (2) contests the tax as provided above in the Taxes and Liens
section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.
SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Mortgage as a security agreement are a part of
this Mortgage:
Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures or other
personal property, and Lender shall have all of the rights of a secured party under the Uniform Commercial Code as amended from time to
time.
Security Interest. Upon request by Lender, Grantor shall execute financing statements and take whatever other action is requested by
Lender to perfect and continue Lender's security interest in the Personal Property. In addition to recording this Mortgage in the real
property records, Lender may, at any time and without further authorization from Grantor, file executed counterparts, copies or
reproductions of this Mortgage as a financing statement. Grantor shall reimburse Lender for all expenses incurred in perfecting or
continuing this security interest. Upon default, Grantor shall assemble the Personal Property in a manner and at a place reasonably
convenient to Grantor and Lender and make it available to Lender within three (3) days after receipt of written demand from Lender.
Addresses. The mailing addresses of Grantor (debtor) and Lender (secured party) from which information concerning the security interest
granted by this Mortgage may be obtained (each as required by the Uniform Commercial Code) are as stated on the first page of this
Mortgage.
FURTHER ASSURANCES; ATTORNEY -IN -FACT. The following provisions relating to further assurances and attorney -in -fact are a part of this
Mortgage:
Further Assurances. At any time, and from time to time, upon request of Lender, Grantor will make, execute and deliver, or will cause to
be made, executed or delivered, to Lender or to Lender's designee, and when requested by Lender, cause to be filed, recorded, refiled, or
rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate, any and all such mortgages,
deeds of trust, security deeds, security agreements, financing statements, continuation statements, instruments of further assurance,
certificates, and other documents as may, in the sole opinion of Lender, be necessary or desirable in order to effectuate, complete, perfect,
continue, or preserve (1) Grantor's obligations under the Note, this Mortgage, and the Related Documents, and (2) the liens and
security interests created by this Mortgage on the Property, whether now owned or hereafter acquired by Grantor. Unless prohibited by
law or Lender agrees to the contrary 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 Grantor 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.
EVENTS OF DEFAULT. At Lender's option; Grantor will be in default under this Mortgage if any of the following happen:
Payment Default. Grantor fails to make any payment when due under 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.
Break Other Promises. Grantor breaks any promise made to Lender or fails to perform promptly at the time and strictly in the manner
provided in this Mortgage or in any agreement related to this Mortgage.
False Statements. Any representation or statement made or furnished to Lender by Grantor or on Grantor's behalf 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 document to create a valid and perfected security interest or lien) at any time and for any reason.
Death or Insolvency. The death of Grantor, the insolvency of Grantor, the appointment of a receiver for any part of Grantor'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.
Taking of the Property. Any creditor or governmental agency tries to take any of the Property or any other of Grantor's property in which
Lender has a lien. This includes taking of, garnishing of or levying on Grantor's accounts with Lender. However, if Grantor disputes in
good faith whether the claim on which the taking of the Property is based is valid or reasonable, and if Grantor gives Lender written notice
of the claim and furnishes Lender with monies or a surety bond satisfactory to Lender to satisfy the claim, then this default provision will
not apply.
Existing Indebtedness. The payment of any installment of principal or any interest on the Existing Indebtedness is not made within the time
required by the promissory note evidencing such indebtedness, or a default occurs under the instrument securing such indebtedness and is
not cured during any applicable grace period in such instrument, or any suit or other action is commenced to foreclose any existing lien on
the Property.
Breach of Other Agreement. Any breach by Grantor under the terms of any other agreement between Grantor 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 to Lender, whether existing now or later.
Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety, or accommodation party
of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or
disputes the validity of, or liability under, any Guaranty of the Indebtedness
RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of an Event of Default and at any time thereafter but subject to any limitation in
the Note or any limitation in this Mortgage, Lender, at Lender's option, may exercise any one or more of the following rights and remedies, in
addition to any p er rights or remedies provided by law:
°•bes la L08 L 0014398 3'S'fl 617 'loy uooleliodsueij sleualelN snopJezeH 041 '1„v8VS„) 66ti '°N 1 'qnd '9861. 1 10V uoliezuoylneay
pue sluawpuawb punpadns ey1 „yg0830 •bas 19 L096 uolloes '0•S•fl Zti 'Pepuewe se '086 L 1 lov Amgen pue 'uoolesuadwo3
'esuodsay IeivawuoJOnu3 enlsuaysidwo3 991 uoolelowll ;noy;lM 6ulpnIOu! 'luewuoJlnue 041 JO i11e9y uewny ;o uol10a1oJd 991 0l 6ulleloJ
seououlpio pue suolleln69l '59101910 10001 pue impel '91015 He pue Aue ueaw „sMeq Ie1u9wuonnu3„ spJOM 941 •50007 lewewuollnug
•e1°N 041 6u1u6ls 090 pue suosiad 19910 He pue '8 31.1.81 1:1)1 PUe S13)JHVD 1:10/01:11 sueaw „JaM0Jio8„ pions 041 •ieMOUo9
:86e61JoIN s!yl u! pesn minim s6u!ueew 6u!M011o; 9111 aney Heys sp40M 6 u!Moll 0 l 9 41 'SNOIIINId30
•e6e6lioyAl sly! Aq painoas sseupeigapul He 01 se BulwoAM lo
91eis 91 0.10 sMel uolldwaxa peelsewoq 0111 10 si.peuaq pue sly6u !le sonless pue sesealal Agway JolueJD •uolldwaxa pee;sewoH }o lenleM
•o6e61JoIN sotto ;o Bouewioped auo ul aouesse 991 ;0 s! awl! •eouess3 owl() s! ew11
•ssaupalgapul ay; Japun Ammo! Jo 96e61J001 s!41 to suolieBHgo ayi woi; JolueJD 6ulse0leJ lnoyllM uolsualxa Jo aoueieagio; 40 Aenn Aq
ssaupalgapul ay1 pue a6e61JolN sly. of 0OU0J8 ;a1 LOAM s)os0900ns 5,10111910 41!M leap Aew 'JolueJD 0; 9001011 lno41IM 'Japuei 'JolueJD Uey1
J9410 uosied a u! poison sewooaq Aliadoid 941 40 d!gsJeuMo 4i •su6lsse pue siossaoons yew. 'sallied ayi 40 4491197 ayi 01 010111 pue uodn
6ulpulq eq Heys 96e61JoIN s!'D 'lsaialu! s,iolue.D 40 19;511911 uo 96e61ioof so44 ue pawls suollelsw!! Aue of l0afgnS •su6lssd pus siossaoons
•iapuaq 40 luasuoo ua11UM 0111 10041!M 'A110edeo Aue u! J9puei 40 1.49uaq 9111 104 Jo Aq Rey ew11
Aue le A;JadoJd 9111 u! 919159 JO lsaialu! 10410 Aue 111!M 96e611o1N set; Aq P0190 O Kelso J° lseielu! 8111 ;o ia6i9w ou eq Heys 9J0(4j 'ADJOIN
•91geeo4o ;uoun io pienu! eq of puno; aq Aew 96e61J0IN soul 4o uolslnoid
e 4! U9na 96961101N 5191 40 sucesonOid 9111 10 1581 091 90404119 H!M 41000 a '010,810141 •p00J04u0 10 peen aq 1011 !HM 86e61J0LN SIy1 40 1691 9 141
19111 ueaw 1011 H!M 41951! Aq 109; 1091 'peoJO4ue eq 1011 pinoys Jo pllen 1011 s! e6o61JoiN sett 4o uolslnoid Aue 1991 spin; 14000 a •A ;HlgeJ0nes
'109119 ue sulew8J a6e611o1N 5!141 aHyM 51146!4 s,JOlue1D
01 loud eie e6e611o1n1 sly! Japun Apadoid 941 u! Jepuei 4 5111611 991 19141 590169 JolueJD pue '(uolldwaxa pealsew04 9111 'uollelow11 lnoyllM
Bulpnpul) Ai.Jadoid 941 u! Mel JeHwls 10 uolln09xe wo1; uolldwaxa ;o 0146!) He sanleM 10111919 •iouc4slp 40 901100 pue 'lsaloid 'luawAed
to; puewap 'lUawlUeseJd sanleM 10111010 •slsenbeJ 010104 s,JO1UeJO ;0 Aue 01 luasuoo Ol pannb81 aq H!M iapuaq ueaw lou saop 1041
'slsenbei s,JOlueJO 4.0 OJOLU J° auo of slu9suo0 Jepuei asneoeq WE 1941 spuelsJapun 1041104 JOlUeJO •u!e6e suaddey uollenlos 991 1! we6e
luasuoo s,Japuaq 196 01 aney 1011 H!M JO1ue1D ley; ueaw 3011 saop 1941 'lsenb9J a o1 luasuoo saop Japuei 41 1041 spuelsJapun Oslo JolueJD
•869611oIN sly1 40 suooslnoJd 19410 0111 411M Aldwoo 01 9094 lou IIM 10111010 ueew IOU saop ley; '019611 S,Japuaq 40 9U0 dn 9n!6 01 6uo111M u!
80459 saop Japuei 41 '146!4 ley; dn ue,u6 sett i9pua1 1991 ueaw 10U HIM ;Op Aue 95!019x9 0l slow° Jo sAelep 1apUaq 1041 1094 941 •6ulluM
u! os saop Japuei ssalun e6e611oIN sly; Jepun s1y6u s,iepueq 10 Aue dn 9n46 iou H!M iapuaq spuelslepun Jo1UeJD •iapuaq Aq Jan!eM oN
•06961101N 5(41 u! suo11061190 He Jo; 8141suodsei s! Molaq 6u!u6is Joluei9 (4090 1941 sueaw s141 •Jolue13 AJOna pu0 pee
ueaw Heys 10111010 01 590U91949) 110 pue 'Ieienes pue 1U!of aq Heys 96e61i0 g s! (41 Japun JolueJD 10 suope61190 'Iv •A ;Hlgel-j plumes pue ;ulor
;0 9191S a41
u!
Japuei Aq palda0oe uaaq aney sluawnOOp Alesseoeu !le pue 'papun; pue spew 'penoJdde uaaq say sluewn0op paleieJ 10(410 pue s!y1 Aq
p80uepone s! 4014M uolloesueil ueol 941 •elg980JO4u9 pue p!!en eq 01 uolslnoid 991 put; mom Me! impel JO 91910 Janay0111M Aq pawano6
eq Il1M peuollsenb s! 1941 uolslnoid 941 'elgeaolo ;ue Jo peen s! 1U9w0916e 0111 ;0 uolslnoid Aue 1eyleyM lnoge uollsenb a s! JOAO 01941
41 '190900011 •°!40 40 a1918 9111 40 5M91 pue (suo!uldo pue 'suolleleJdJalu! 'suollelnBaJ 'salnlels '01 mow!! 1011 1nq '6ulpnloul) Mel leiepa;
41!M aouepi000e u! pamaid191u! pue Aq paweno6 aq HIM siallew y0!4M 'lsaialu! 40 uohel)odxa ay; pue 109191U! Ol p919101 sJenew Jo; ldeoxe
'6ulwoAM 4o ems 941 10 sMel 0111 pue Mel leiap94 41!M a0UepJ0009 u! palaJd)alu! pue Aq pewano6 eq H!M iueweeJ6e s141 •Meg 6upueno0
•96061JOLN sill 40 suolslnald
991 au149p 10 laidi93u! 01 pass aq 04 4011 910 pue Apo sesodind eoualuenuoo 104 ale 96e61JOW 5141 u! sBulpe94 uo11de3 •sOulpeeH uopdeo
•luawpuawe Jo e6ueyo 991 Aq p91e6!go Jo punoq eq Him JaneoyM
Aq pau6ls aq lsnw pue 6u111JM u! aq 1Snw e6e61JoiN sty1 of luawpuawe 4o e6ueyo Aue '9nlloa }l9 aq o1 •96e61Joof sly! Aq peJeAoo sJallew
941 6ulwa0uoo Japue 41!M 4uawa9J69 eyrie s,JOlueJO sl sluawnooa peleley 091 u! pue 969611001 sly1 ul ua11uM so ;eyM •sluewpuaw
:96e61J01N 51111 ;o lied a cue suo!slnoid snoauelleoslw 6 uiMollol 9 41 'SNOISIAOHd SfO3NV1133SIW
•0140 'sngwnlo3 uo pasool 590!4 ;o Leew s1! 44m uo!lel0osse 6upilueg leuolleu a '•d•N '9110 lugs
s! 19 '830N31 AO AIIIN30I
'8E098 Zb' 'xluaoyd 'Z896Z x09 •0•d 'auo )1U08 :s! Japun Jo; aollou Jo; sseJppe 0111 '6ulo6aio; 991 Bulpuelsyl!MloN
•iapuaq woJ4 aollou 991 ;0 519410 991 1191 01 AU.ilglsuods8J s,JO1ue4D eq H!M 1i •siolueJO He 01 u9n!6 90llou aq 01 pewee!) s! 10111019 Aue o1
Japu91 Aq u9/46 aollou Aue '10111010 auo.ue41 eJOW s! 94941 4! 'Mel Aq peionbeJ 10 pepinoJd °soMJ0910 ssalun •ssaippe lueJ10O s,JO1UeJD to sewn
He 1e p9wio4u! Japuay deeN 01 598169 1o4ueJ0 'sesodind aollou Jog •ss04ppe s,uosJed 0114 96110110 01 s! 90110u 991 ;0 asodind 0911941 6utA ;loads
'suosiad Jo uosied 10910 991 O1 aollou ua141JM lew104 Buln!6 Aq a6e6410yj 5!111 Japun seooloU Jo; sseipp0 net Jo s!9 e6ueyo Aew uosied Auy
•a6e611oIN sm. 40 6uluul6aq 941 Jeeu uMOys se 'ssaippe 5,19131101 01 lugs eq Heys 96961JojN 9141 JOAO A411o1Jd say yo!9M ueoi Aue ;0 Japloy 9141
W014 91000109104 40 50011011 40- se!doo H •e6e64Jon 5141 40 6uluul6aq 991 lean uMOys sesseippe 941 01 pa109np 'reedaid 96elsod flew poJalslSal
Jo 139!411190 '55010 1501 se 'Hew Salems papun 941 u! pelssodep uayM 'pa11ew 4! 'Jo 'Jauno0 196!wano pez!u60091 AH9uol4eu a yl!M pellsodep
uayM '!Mel Aq pallnbeJ es!M4a910 ssalun) alowosOe40la1 Aq penleoei Allenloe uayM 'paiaNiap Allenl.oe uayM 90!100 49 eq Heys pue '6ulluM u! u9nl6
eq Heys 91es 40 aollou Aue pue memo to aollou Aue uotlellwl! lnoyllM 6ulpnloul '96e61JOV11 sly! iapun uanl6 eq of pennb91 aollou Auy S3OIION
•s9!pawaJ 5,19131191 951°18x9 04 pue lone;ap u! 10;11010 eieloep of 114611 sdapuei 100440 10U
IIIM 19PU91 Aq uolsloap ley; 'os op 01 901194 s,JO4UOJD 29149 '96e61ioIN s!44 Jepun suolle6llgo s,4olu9J0 40 Aue wio;Jad 01 JO Aeuow pueds 01
saploap iapuaq 41 •Apawei 40910 Aue Bulsn woi; Jepuaq Jeq 10U ll!M Apaw91 auo Aue motto of JapuO1 Aq 110110910 uy •s0lpewaa }o 110!10913
•uolllsodslp Jo ales ay; 40 awl. 914 010497 sAep (O L) U01 4seal 1e 09/46
aollou UOOw Heys aollou a geuoseau •spew aq o1 s! AlJadoid leuosied 091 40 uolllsodslp papualu! Jayl0 JO ales 91enlid Aue 140!4M 29149
aw!4 094 40 .10 AlJadoid leuosJad 991 4o ales ollgnd Aue 40 eoeld pue ewll ay; 4o aollou algeuoseeJ 10111010 9n!6 111M Japua1 'ems 40 aOgoN
•AlJedold 94140 uol11Od Aue Jo He uo ales oignd Aue ;e p1q o1 13011!;119 eq 11eys iapuaq 'sales 04919d95
Aq Jo ales auo u! 'Aleleiedes J° /8148604 AliadoJd 941 40 lied Aue JO He Has 01 0014 aq Heys iapua1 'se!peweJ pue 51g6! s1! 6ulsloJexe ui
•pa11eysJew Aliedoid 991 aney 01 446p Ile pue Aue sanleM Agway 10411910 'Mel algeolldde Aq pall!wwed 11194x9 941 01 •A;JedoJd 911; 4o ales
•A4 nbe u! 10 Mel le 9!7011900 Jo eloN 991 Jo e6e614oIN 5!141 u! papinaid selpewei pue 5146! 191140 He aney Heys iapuaq •selpawaa 104 ;0
•iapuaq 4o puewap 541 uodn Al910lpaww! AlJadoJd
ay; 040090 (Z) J° 'AliedoJd 941 40 asn 941 Jo; 1911191 algeuoseei a Aed (L) 1911119 'uol4do s,lepuaq le 'Heys pue Auedold ay; 40 Jeseyaind
ail JO Japuei 4o gou9Ja4 ;ns le lueual a ewooeq Heys 104.19.10 '10111910 40 1100;913 uodn A44adoid 0111 ;0 uolssassod Ol pellllua sewooaq
as!MJaylo iapue1 Jo anoge papinoJd se plos s! AliedoJd 944 19149 Ailadold 9114 40 uoissessod u! sieewe) Joluei0 41 •eOueJa}}ns ;e Aoueuel
•uo140as 5!111 u! papinoid 91146(1 ay; 40 9slolexe 911 wo14 pefeeoe1 slunowe He ;0 uol;e0lldde 19149 iapuaq of
anp ssaupelgapul 941 u! 6ululewew Aoualollop Aue 104 luew6pnf e ule4go Aew JepUe1 'Mel elgeo!ldde Aq pepwied 41 •luewfpnr Aouelal40a
•0401945 Aq pew oid se 9050109/04 „ales pue luawaslllanpe„ JO „ales 40
JaMOd„ Aq Alleol410ads pue 'ales le!olpnfuou Aq AliedoJd 041 40 ;led Aue u! Jo He u! lsaialu! S,JOlueJO 900100/04 Aew 19PU91 'en IeloIPn(uON
•A;iodoid 994 40 lied Aue Jo He u! lsaialu! s,iolueJO 6ulsoloelo4 09109P lelolpnf a Longo Aew Jepuaq •einsol08JOd mown!
•JOA!9091 a se 6ulnies woi; uosied e A411enbslp 10U Heys Japu01 Aq luewAoldw3 •4unowe lelluelsgns e Aq ssaupalgapu! 041 513990x0
Auedoid ay). 4o amen 4U849dde 944 10U 10 JaylayM 401x9 Heys 190!9091 a 10 luewlulodde 991 01 496u s,iapuei •Mel Aq pal4owied 41 puoq
lnoyllM OAJ9S Aew /901900/ 041 •ssaupalgapul 991 1sule6e 'dlysian0000i 9144 40 1500 941 anoge pue JOAO 'speaooJd 941 Aldde pue AlJedold
991 way sway 991 1091100 0l Hue 'ales Jo 9109010010; 6ulpeoeJd AliadaJd 991 04919do o; 'A;iedold 991 a/ oastJd pue 109101d o1 JeMOd
941 91!M 'AlJedoJd 941 40 lied Aue .10 He 40 uolssassod 9)1°1 01 palulodde J8n19o91 a aney 01 19611 9111 aney Heys JapUaq •J9n100914 luloddy
•Jen10091 a 96no111 JO '1ue6e Aq 'uosiad 1.111011410 yde16e2edgns
soul iapun 5196! sl! 051019x9 Aew Japuei •pe.slxe puewap ayi Jo; spuno46 ledold Aue ;ou JO Jayl04M 'spew 019 sluawAed 99; yolyM
104 suolle6llgo 841 A4slles Heys puewap 5,19131191 0l esuodsei u! 19pu91 0l 51950 19910 10 slueual Aq sluewAed •speeoold 991 1091100 pue
awes 891 ale!106au o1 Hue 10111910 40 aweu ay; u! ;001944 luewAed u! penleoei sluewn;sul asJOpue 01 1094- u!- A9uJO110 S,1O1U9J0 se 20 JU91
saleu6lsap Alge0onaln 10111010 119111 'iapuaq Aq P81001100 ale 5111911 0141 41 •1apuel 01 Alloeyp sea; asn JO 11191 40 sluaWAed 9)1ew of AUadoJd
991 4o JaSn 49(440 10 lueual Aue 911nb91 Aew J9p1191 '446!1 5141 40 900010 (44104 ul •ssaupalgapul 041 111!060 'moo s,19pU91 anoge pue
JOAO 'spaa002d 19U 9114 Aldde pue 'pledun pue anp 4sed s4unowe 6u!pnlou! 's4u9I 911; 4091100 pue 'lelolpnf -UOU 10 lelwlpn! Jay4ayM 'ainsoloaJO;
;0 Aouepued 991 6uunp 6ulpnloul 'A4Jedoid 944 40 uolssassod spiel 04 '10411910 04 aollou 4104l4M '1(4611 841 ane4 Heys iapuaq •smuay 1091103
•epo3 le!olawwoD wio}!un 941 iapun
)(lied pe100as 0 40 salpewel pue 51969 8144 He aney Heys Jepuaq 'A4Jadold leuosied ay; 40 419d Aue Jo He 01 loedsel y4!M •selpewet4 33n
•Aed o; peilnboJ eq pinoM 10111010 yolyM A4leued ;uewAedeid Aue 6ulpnlou! 'algeAed pue anp
Alalelpeww! ssaupalgapu! 01!1110 eel 0Jeloep 01 JolueJD Ol 90!4011 lnoyllM uolldo s4! le 146! 991 aney Heys Jepua1 •ssoupa ;gepul e;eiale °oy
ti abed
(penuguo3)
3JW
4.07110)
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 thereto.
Event of Default. The words "Event of Default" mean any of the Events of Default set forth in this Mortgage in the Events of Default
section of this Mortgage.
Existing Indebtedness. The words "Existing Indebtedness" mean the indebtedness described in the Existing Liens provision of this
Mortgage.
Grantor. The word "Grantor" means TREVOR GARRELS and KRISTIE GARRELS.
Guaranty. The word "Guaranty" means the guaranty from guarantor, endorser, surety, or accommodation party to Lender, including
without limitation a guaranty of all or part of the Note.
Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity, concentration or physical,
chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when
improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words "Hazardous
Substances" are used in their very broadest sense and include without limitation any and all hazardous or toxic substances, materials or
waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also includes, without limitation, petroleum
and petroleum by- products or any fraction thereof and asbestos.
Improvements. The word "Improvements" means all existing and future improvements, buildings, structures, mobile homes affixed on the
Real Property, facilities, additions, replacements and other construction on the Real Property.
Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the Note or
Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note or
Related Documents and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses incurred by Lender to
enforce Grantor's obligations under this Mortgage, together with interest on such amounts as provided in this Mortgage.
Lender. The word "Lender" means Bank One, NA its successors and assigns. The words "successors or assigns" mean any person or
company that acquires any interest in the Note.
Mortgage. The word "Mortgage" means this Mortgage between Grantor and Lender.
Note. The word "Note" means the promissory note dated July 5, 2000, in the original principal amount of $32,000.00 from
Grantor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and substitutions for
the promissory note or agreement. The maturity date of this Mortgage is July 5, 2015.
Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or hereafter
owned by Grantor, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts, and additions to, all
replacements of, and all substitutions for, any of such property; and together with all proceeds (including without limitation all insurance
proceeds and refunds of premiums) from any sale or other disposition of the Property.
Property. The word "Property" means collectively the Real Property and the Personal Property.
Real Property. The words "Real Property" mean the real property, interests and rights, as further described in this Mortgage.
Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments,
agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and other benefits derived from
the Property.
EACH GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MORTGAGE, AND EACH GRANTOR AGREES TO ITS
TERMS.
GRANTOR.
ti e r
TREVOR G RELS, Individually
STATE OF WYOMING
SS
COUNTY OF
0i0'7407
INDIVIDUAL ACKNOWLEDGMENT
MORTGAGE
(Continued)
X r
TIE GARRELS, Individually
SHERRILYN K PHILLIPPI Notary Public t
1 4
County of 1.^ State of t
4 Teton Wyoming 4
1 My Commission Expires December 13 7 002
On this day before me, the undersigned Notary Public, personally appeared TREVOR GARRELS; KRISTIE GARRELS, to me known to be the
individuals described in and who executed the Mortgage, and acknowledged that they signed the Mortgage as their free and voluntary act and
deed, for the uses and purposes therein mentioned.
Given under my hand and official seal this
day of
(v a
Resing
di
B l'le+"ri n 1� pp �.'ti►
Notary Public in and for the df i My commission exp
25t
,20
(LASER PRO Lending, Rea U.S. Pat. T.M. OFF., Vat. 5.10.06.01 (a) 1997,2000 CFI ProServbea, Ina. AN Right, Rewrved. WY /I01.1 N:\CFI501609001CF7 \LPL \G03.FC TR- 63739520 PR.EOYNOEWYI
Page 5