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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 no 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 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 upon the sale or transfer, without 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 in the Real Property; whether legal, beneficial or equitable; whether voluntary or involuntary; whether by outright sale, deed, installment sale contract, and 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 an interest in the Real Property. 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 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 any liens having priority over or equal to the interest of Lender under this Mortgage, except for those liens specifically agreed to in writing by Lender, and except for the lien of taxes and assessments not due as further specified in the Right to Contest 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 and the cost exceeds $10,000.00. 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 be 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, if available, within 45 days after notice is given by Lender that the Property is located in a special flood hazard area, for the full unpaid principal balance of the loan and any prior liens on the property securing 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 if the estimated cost of repair or replacement exceeds $10,000.00. 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 Lender's election, receive and retain the proceeds of any insurance and 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 as Grantor's interests may appear. 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: (1) the name of the insurer; (2) the risks insured; (3) the amount of the policy; (4) the property insured, the then current replacement value of such property, and the manner of determining that value; and (5) 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. TAX AND INSURANCE RESERVES. Subject to any limitations set by applicable law, Lender may require Grantor to maintain with Lender reserves for payment of annual taxes, assessments, and insurance premiums, which reserves shall be created by advance payment or monthly payments of a sum estimated by Lender to be sufficient to produce, amounts at least equal to the taxes, assessments, and insurance premiums to be paid. The reserve funds shall be held by Lender as a general deposit from Grantor, which Lender may satisfy by payment of the taxes, assessments, and insurance premiums required to be paid by Grantor as they become due. Lender shall have the right to draw upon the reserve funds to pay such items, and Lender shall not be required to determine the validity or accuracy of any item before paying it. Nothing in the Mortgage shall be construed as requiring Lender to advance other monies for such purposes, and Lender shall not incur any liability for anything it may do or omit to do with respect to the reserve account. Subject to any limitations set by applicable law, if the reserve funds disclose a shortage or deficiency, Grantor shall pay such shortage or deficiency as required by Lender. All amounts in the reserve account are hereby pledged to further secure the Indebtedness, and Lender is hereby authorized to withdraw and apply such amounts on the Indebtedness upon the occurrence of an Event of Default. Lender shall not be required to pay any interest or earnings on the reserve funds unless required by law or agreed to by Lender in writing. Lender does not hold the reserve funds in trust for Grantor, and Lender is not Grantor's agent for payment of the taxes and assessments required to be paid by Grantor. LENDER'S EXPENDITURES. If any action or proceeding is commenced that would materially affect Lender's interest in the Property or if Grantor fails to comply with any provision of this Mortgage or any Related Documents, including but not limited to Grantor's failure to discharge or pay when due any amounts Grantor is required to discharge or pay under this Mortgage or any Related Documents, Lender on Grantor's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on the Property and paying all costs for insuring, maintaining and preserving the Property All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses will become a part of the Indebtedness and, 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 (2) 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. The Property also will secure payment of these amounts. Such right shall be in addition to all other rights and remedies to which Lender may be entitled upon Default. WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Mortgage: Title. Grantor warrants that: (a) Grantor holds good and marketable title of record to the Property in fee simple, free and clear of all liens and encumbrances other than those set forth in the Real Property description or in any title insurance policy, title report, or final title opinion issued in favor of, and accepted by, Lender in connection with this Mortgage, and (b) Grantor has the full right, power, and authority to execute and deliver this Mortgaer. 'uollaJosIp egos sA u! 'Japuei Aq paurwielap lunowe ue u! '6ulpaaooJd ern ;Iapo; Jo moan ey; Jo; puoq A;eJns a Jo seluow Jepue y ;IM s }rsodap pus Burpaeoord ein;Iapo; Jo JolipeJO ay; 10 eogou uefIJM Japuei sen0 Jo }ugJO JO JaMoJJog 1! pue BulpeeooJd aJn;Iapo; Jo loom ay; ;o srseq ay; sI yolym pep ey; Jo sseue geuoseaj Jo A;ipilen ey; o} se Jo;ueig Jo JaMoJJog Aq a ;ndsrp 4 #1e; pooh a s1 areyl ;i Aidde ;ou Heys ;Ina ;ea;o pang s!q; 'J0n9MO11 'Japuei y ;pM 's;un000e 1podep Bulpnloul 's ;un000e s,JO ;ueiO Jo s,JaMOJJOg ;o Aug ;o ;uewysluJe6 a sepnloul sryl •sseupelgapul ay; Buunoes Apadord Aug ;sule6e Aoue6e le;uewweno6 AuE Aq Jo Jo ;usig Jo JaMoJJog ;o JollpeJo Aue Aq 'poy;ew Ja ;o Aue Jo uoissassodaj dray ;Ias '6ulpaaooJd Ielorpnf Aq Jay ;awn 'sBulPaeooJd 0Jn }repo; Jo amsoloeio; 1 ;ueweouewwo0 •sBulpaaoojd aJnilajJOJ JO JollpaJ0 •JO ;ueiO Jo J8moJJOg ;sule6e Jo Aq smel Aouenlosul Jo Ao ;dnnlueq Aue Jepun BulpeeooJd Aue ;o ;ueweouewwoo ey; Jo ;novom Jo;IpaJo ;o adA; Aug 'sJo IpaJo ;o ;I ;eueq ay; Jo; }uewu6lsse Aus 'Apadord s,ro ;ueJO Jo s,JeMOJJOg ;o ;Jed Aue Jo; JanlaoeJ a ;o ;uawlurodde ey; '101u1110 Jo Jamouog ;o Aouenlosul ay; 'sseursnq 6uio6 a se eoua ;srxa s,JO ;ueJO Jo S,JemoJJOg 10 uogeurwJ9; Jo uol ;nlossrp eqj •Aouanlosu; Jo y ;eaa •uoseei Aug Jo; pue euJH Aue ;e (uerl Jo ;seta ;ul A;lmoes pa;oaped pue peen a e;eeJO o; ;uawnoop leJelelioo Aue Jo eJnlle; Bulpnloul) ;oe ;e pug eoJO; !in; ul eq o; saseeo s }uawnoop pa;elau ay ;o Aug Jo e6eB ;JoW s141 •uol ;ezp9Ja;ello0 anlloa ;aa •Jeyeeieq; ewg Aue ;e Bulpealslw Jo asp; sewooaq Jo peysruJn; Jo spew awI; ay; le Jo Mou Jay;Ie ;oedsei leue ;ew Aue u1 Bulpealslw Jo asp) sl sluawnooa palslau ay; Jo 'e;oN ey; 'e6e6poW sly; Jepun mac! s,JO;uvJO Jo s,JamoJJOg uo Jo Jo ;ueig Jo JaMoJJog Aq Jepual 01 peyslwn; Jo spew ;uawe ;e ;s Jo uogelueserdei 'A;ueJJeM Auy •sluawale ;s esie3 ;uawnoop pa ;BIaJ Aue Jo a6eBpoW sly( Jepun suol ;e6pgo 9nl ;oadseJ J!ey; wro ;Jed 0; A;IIIge s,JO;usJO Jo s,JeMOJJo9 Jo sseupe ;gapul ey; AedeJ o; A ;!I!ge s,JeMOJJOe Jo Apadord s,JO ;ueio Aue'JO s,JeMOJJOg ;0 Aug ;oe ;e AHe!Jalew Am ley; uosied Jo moan Jay ;o Aue ;o JOne; uI ';uaweeJ6e Jay ;o Aue Jo ;uaweeJ6e sales Jo ese4oind ;uaweeJ6e A ;unoes 'pap ;o uo!sue ;xe 'um! 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'e6eB ;Jow sly; Jepun Jo;ueJO uodn pesodwl suol ;eBllgo ay; He swroped es1MJay ;o pue 'enp uayM sseupe ;gepul ay; lie sAed JQMOJJog 11 •30NVVIU01H3d rind •ydeJ6eJed Bulpeoerd ay; uI 0; peJJa;eJ srepew ey; ys11dwo00e o; uoluldo egos s,Jepue! uI 'elgeilsep JO AJesseoeu eq Aew se s6uiq; Jey }o He Burop pue 'buipJOOeJ 'Buhl; 'Buuenliep 'Bugnoexe 'Bunlew ;o esodmd ey; Jo; ;0e;- ul- Aewo ;e s,JO;ueiO se Jepue s;ulodde AlgeooneJJi Agarey Jo ;ueio 'sesodrnd yons JOj •esuedxe S,JOluBJO 48 pus Jo ;ueiO ;o eweu ey; uI pus 104 os op Aew Japual 'ydeJ6eJed BurpeoeJd ay; uI 0; paJJa;eJ s6uly; ay; 40 Aug op o} slle; Jo ;u8JO ;1 •4083— u!— AauJ011y •ydeJ6eJed s!q; uI o; peJJe;eJ sra;lew ay; y ;lM uog0euuoO uI peJJnou1 sesuadxa pus s ;soo He Jo; Japuei esJngwlai Heys Jo;ueJO `BuI ;IJM u1 AJeJ ;uoo ay; o; seei6e Japuei Jo Mel Aq pe ;rgryord sselun •JolueJO Aq peilnboe Je ;;e9Jay JO pauMO Mou Jay ;a1M 'ApedoJd ay; uo sue! Joud pue ;5J4; se e6e6poW sly} Aq pelee o s ;seJe ;u1 A ;IJnoes pug sue!! ey; (Z) pue 's;uewnooa pe ;elan ey; pue `e6e6poW sly; '0;0N ay; Jepun suoi;eBllgo s,io ;ueJO pue S,JeM0JJOg eAiesard JO 'enuguoo looped 'e ;eidwoo 'alen ;oa; ;e o; Japro u! elgeJisep Jo AJesseoeu eq 'Japue 40 uoluldo a os ay; u1 'Aew se s ;uawnoop Jeylo pue 'se ;eOgl ;Jao 'aoueJnsse Jeypn; 40 s ;uewnJ ;su! 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Buinupuoo Jo Bugoepad u1 paunoul sesuedxe 118 Jo; Japual esJngwieJ is Jo }ueJO ;uewe ;e ;s Bupueup a se e6e6poW siyl ;o suol ;onpoidei Jo seidoo 'spedJa;unoo pe ;noexe ell; 'JO;u8JO wag uogez!JOy ;ne Jeypn; ;noy;IM pus awl; Aue ;e 'Aew Jepuel `SpJO0ai A ;JadoJd 1891 ay; uI a6eBpoW sly; Burprooei o; uoglppe uI •ApedoJd I8UOSJ9d pus swab; ay; u! }seJe ;ul A ;IJnoes s,Japuei enuguoo pug pawed o; Jepuel Aq pe }senbar sI uogoe JayI0 Jana ;eyM e)ie; pue s ;uewe ;E ;s Buloueul; a ;noaxe Heys ro;uer0 'Jepuel Aq sanbaJ uodn 'imam Ammon •awI; o; ewrl wag papuewe se epo0 I8IOJawwoO wro;Iun ay; Jepun Aped pines a 40 s;y6u ay; Jo Ile envy Heys Japual pue 'Apedord IvuosJ8d Jay}o Jo SaJn;xl; se ;n ;gsuoo Apedoid ey ;o Aue ;ue ;xe ey; o ;ueweei6y A ;IJnoes a e ;n ;gsuoo Heys ;uewrulsul ski •luawaaJBV AAJnoeS :e6eB ;row sly; ;0 ;Jed a 9J8 ;ueweer6e A ;IJnoes a se e6e6poW sly; 0; Bul ;OIOJ suolslnoJd BuiMOHo; 8111 'S1N3W31y1S ONIONVNId !1N3IN338DV A1IHfl3 S •Jepual o; AJo ;0g;spes A ;unoes Jey }o Jo puoq A ;aJns ajBJOdJOO ;uelog ;ns a 10 4980 Japuei pIIM spsodep pue uol;oes suer! pus saXe1 ay; U! enoge peprnoJd se xe} ey; s ;se }uoo (Z) Jo ;uenbullep sewooeq }i ero;aq xe; eq; sAed Je411e Jo;u8JO sselun mow! pep!AoJd Se papa ;o ;uen3 U8 JO; Sarpewei alg8Iene s ;I ;o He Jo Aue 0S1019X9 Aew Japuei pug ;Ina ;aa ;0 1uen3 ue se ;oa ;a ewes ey; aney Heys ;vane sly; 'a6e6 }JoW sly; ;o e;ep ay} 04 }uanbesgns pa;oeua sr seHdde uopOas sly; y014m o; xe; Aue 11 •sexe! ;uanbesgns •JaMoJJog Aq spew ;sale ;u1 pue Iedlou!Jd ;0 s;uewAed uo JO ssaupa }gapul ay ;O uolpod Aue JO 11e U0 xe; og!oeds a (p) pue :e;oN ay; 40 Jalopy ey; JO Japual ay; ;sule6e ergea6Jeyo a6e6 ;JoW ;o edA; s!q; uo xe; a (E) :e6EBpoW ;0 edA; sry; Aq parnoes sseupe ;gepul ay; uo s;uewAed woJ; }Onpep 04 paJlnbeJ Jo p8ZIJOy}ne s! JaMoJJog yoryM JaMoJJog uo xel uploads a (Z) :e6e6poW s!q; Aq pampas ssaupejgepur ay; 40 pad Aue Jo He uodn Jo e6e6;Jo0; ;o edA; s141 uodn xe; ogioeds a (I) :saudde uolloas sly; yoryM of sexe; a ;n ;gsuoo Heys Bu!MoIIol 041 sexe! •9603poW sry1 Buue;sl6a1 Jo Bulprooaj 10; Se6Jeyo Jey ;O pug 'sdwels AJe ;uewnoop 'sea; 'sexe; Ile uoHe ;IWII lnoy}1m Bulpnloul 'e6e6}JOw 914; 6urnupuoo Jo 6ugoe ;Jed 'BuIPJO09J uI pannoul sesuedxe He y ;IM Jay ;e6o} 'MO1aq paq!JO9ep se 'sexe; 11 Jo; Japual esrngwrel Heys JolueJO •ApadoJd le8u ay; uo uell S,Jepua! enuguoo pug soaped o; Jepuel Aq pe ;sanbaJ sr uo1Oe Ja110 Jene ;eyM e)1e; pue e6v6lron sry; o; uoI }Ippe ul s ;uawnoop yons ejnoaxe Heys Jo;uvr0 'Japuei Aq sanbaJ uodn •s9BJe40 pue seed `sexe! 1uai1n3 :a6e6 ;Jow sly ;o pad v ale se6JVy0 pus seal 'me; le}uewwano6 0; bur ;elaJ suorslnoJd Bulmopo; e41 •S3I1Id0H1f1V 1V1N3INNU3A00 AS S39HVHO aNy S33d `S3XV1 d0 NOI LISOdINI •uol;euwepuoo ey; y }rM uOgoeUUOO uI Jepuel Aq paJJnOUI sae; ,sAauJO ;e pug 'sesuedxa's ;soo algeuoseei 16 40 ;uewAed J8 ;e pJeMe ey; ueaw Heys pJeMe ay; 40 spaaooJd ;au a41 •Apedold ay ;o uol ;ero;s0J Jo JiedeJ ey; 10 ssaupa ;gepul ey} 0; pelldde eq preme ey; ;o spaaooJd ;au ay ;o uol ;Jod Aug Jo 11a ;By; annbel uopoel8 s }I ;e Amu Jepu9! 'uol ;euwepuoO ;0 narl uI eseyoJnd Jo Burpaa0ord Aue Aq Jo s6ulpoeooid uiewop lueulwe Aq peuwepuoo sI Apedold ay; 40 pad Aue 10 He j! •spaaooJd ;aN ;0 uolleollddy •uogedroljJed yons ;pied 0; awl; o} ewg woJ; Japual Aq pa ;sanbaJ eq Aew se uope ;uewnoop pug s ;uawnJlsul yons Japuei o; pelemep eq of esneo Jo Jen!Iap HIM Jo;UeJS pus '901040 uMO Si! ;o lesunoo Aq 6uipeeoord ey; uI pe ;uesardeJ aq o; pue 6ulpaaooJd ey; u1 eledrorped o; pap!sue eq Heys Japuei Inc; BulpeeooJd yons u1 Aped leulwOu ay; eq Aew Jo;UeJS •pJeMe ey} uls ;go pue uop0e ay; pua;ap o; AJesseoeu eq Aew 98 sda ;s yons 0)e1 AIdwoJd Heys Jo }ueJO pue 'Bup1JM u1 Japuei A ;pou Apdword Heys JO;u8J0 'pap; s! uoI }euwapuoo u1 BulpeeooJd Aue ;I •sBulpaaooJd :a6e8poW 9141 ;0 }Jed a 918 seuiPeeoord uopeuwapuoo o; Bupele1 suolslnoJd BuIMOpo; celled T (panuijuo3) 31/101A1 9 41 •N0I1VNW3aN00 lln; uI Ned aq Hays ssaupelgepul s,JeMOJJOg se sum yons !gun ;ow pue a0J0; !in; ul ulewaJ Heys pue 'eJn ;eu uI Buinupuoo aq Heys 'e6e6poW S!41 ;o AJanlep pus uopnOexe ey; enlnJns Heys e6eB ;JoW 814; uI Jo }ueJO Aq spew s }uaweeJ6e pue 'SapuOJJ8M 'SUOI4e;uesardOJ Hy •sal ;u0JJem pue suolleluasaJdaa ;o IenIAJnS •sal ;u0y ;ne Ie ;u8wuJeA06 40 SuoIIBInBeJ pue'SeOUeulpJo 'SMeI ejgeopdde 6ugsrxe 118 y ;IM selidwoo AIJedoJd ay; ;o asn s,JO ;ueJO pue Apadoid ey; ley; SWBJJBM JO ;UBJ9 smei L1 eoueildwo0 •uoped1Op1ed yons Hued 01 awl; 01 awl; woJ sanbaJ Maw Japual se s ;uewnJ ;sui yons Japual o; 'paranliap eq o; esneo 10 'Janpep IIM Jo;ueJO pus '9010140 uMO S,Japuei ;o IasunoO Aq 6uipeeoord e41 uI pa ;uesardeJ eq o; pue 6ulpaaooJd ay; u1 a ;edi0iped 0; pei;gue eq Heys Japuei gig 'Burpaa0ord yons ur Aped Ieulwou ay; eq Aew Jo ;ueJ0 •esuadxe s,JO ;ue19 ;v uol ;O8 ay} pua;ep treys Jolu8JO 'e6e6;JoW sly; Jepun Japuei ;0 ;Sara ;ul ey; Jo app S,JOlueJO suo1lsenb ;sy; peOuewwo0 sl BulpeeooJd Jo uop0e Aue wens ey; ui •suosJed He ;o swlel0 In;MeI ay} lsuleBe A ;JadoJd ay; o; awl ay; pua;ap Janaro; IIIM pue S;u8JJBM Jo }u8JO 'anoge ydeJ6ered ey} uI uogdeoxe ey; o; ;oafgns 'awl !o esua;aa MORTGAGE (Continued) 312 Page 4 as being an adequate reserve or bond for the dispute. Breach of Other Agreement. Any breach by Borrower or Grantor under the terms of any other agreement between Borrower or 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 Borrower or 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 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 believes itself insecure. RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of an Event of Default and at any time thereafter, Lender, at Lender's 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 Borrower or 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. Nonjudicial Sale. Lender may foreclose Grantor's interest in all or in any part of the Property by non judicial 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 (1) pay a reasonable rental for the use of the Property, or (2) 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, Borrower and 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. 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 will not bar any other remedy, and an election to make expenditures or to take action to perform an obligation of Grantor under this Mortgage, after Grantor's failure to perform, shall not affect Lender's right to declare a default and exercise its remedies. Nothing under this Mortgage or otherwise shall be construed so as to limit or restrict the rights and remedies available to Lender following an Event of Default, or in any way to limit or restrict the rights and ability of Lender to proceed directly against Grantor and /or Borrower and /or against any other co- maker, guarantor, surety or endorser and /or to proceed against any other collateral directly or indirectly securing the Indebtedness. 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 attorneys' fees at trial and upon any appeal. Whether or not any court action is involved, and to the extent not prohibited by law, all reasonable expenses Lender incurs 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 at the Note rate from the date of the expenditure until repaid. 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 and expenses 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. Any notice required to be given under this Mortgage, including without limitation any notice of default and any notice of sale shall be given in writing, and shall be effective when actually delivered, when actually received by telefacsimile (unless otherwise required by law), when deposited with a nationally recognized overnight courier, or, if mailed, when deposited in the United States mail, as first class, certified or registered mail postage prepaid, directed to the addresses shown near the beginning of this Mortgage. 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. 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. For notice purposes, Grantor agrees to keep Lender informed at all times of Grantor's current address. Unless otherwise provided or required by law, if there is more than one Grantor, any notice given by Lender to any Grantor is deemed to be notice given to all Grantors. 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. 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. Governing Law. This Mortgage will be governed by, construed and enforced In accordance with federal law and the laws of the State of Wyoming. This Mortgage has been accepted by Lender in the State of Wyoming. Joint and Several Liability. All obligations of Borrower and Grantor under this Mortgage shall be joint and several, and all references to Grantor shall mean each and every Grantor, and all references to Borrower shall mean each and every Borrower. This means that each Borrower and Grantor signing below is responsible for all obligations in this Mortgage. No Waiver by Lender. Lender shall not be deemed to have waived any rights under this Mortgage unless such waiver is given in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such right or any other right. A waiver by Lender of a provision of this Mortgage shall not prejudice or constitute a waiver of Lender's right otherwise to demand strict compliance iii with that or any other provision of this Mortgage. No pi i 'er by Lender, nor any course of dealing betw r and Grantor, r t ul`uJo IS reyb9 1 HOINVHD 'SWH31 S1.101. 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Japua Aq luasuoo yons ;0 6uHue16 ey; '8606poW sly; Jepun P01!nbeJ s! JepUe1 ;o Iu8S000 ey; JeneueyM •suol;oesueJ; aim; Aue o} se Suolle6Hgo s,JOlu8JO I0 Aue ;o JO s;y6i1 S,Japua ;o Aue ;0 JanleM a elnll }suoo Heys g aBed ETE (panui}uoo) �oow !I �i Z2 e STATE OF WYOMING COUNTY OF LINCOLN On this day before me, the undersigned Notary Public, personally appeared Stuart Horn, to me known to be the individual described in and who executed the Mortgage, and acknowledged that he or she signed the Mortgage as his or her free and voluntary act and deed, for the uses and purposes therein mentioned. rr���� Given under m hand and official seal Is a) By Notary Public in and for the State of s Qf`6\1, SS INDIVIDUAL ACKNOWLEDGMENT MORTGAGE (Continued) day of (LASER PRO Lending, Rep. U.S. Pel. fl T.M. OFF. Ver. 5.12.07.06 (c) Concenlrex 1897, 2000. All Righ Residing at ,2001 My commission expires 1 a UCFILLPL1G03FC TR =6 0 PR -4 h COUNTY OF NAT oNA I4 o.:,; STATE OF WYOMING My Comm ission Expires Jan 14, 2002 zAfgragl Page 6 ter. -rte r VI •op AJ 'Idea F 4*WW1oN I Lai. °WOW jWSuea1 ->•3 d K xej e) S N foud NOI11dav a13IN N38°, 'Pahl; LO£ 'oN leld uo 90!J4O pies u! pJ009J 4o enueny q;xlg gull ;;nos eq; LllM uoipesre ;ui ue of ;gel 6917001. 9 „99,t L 1.0N 90ue41 :legal pies p JOUJOO iS9MypJOU ay; wall ;ea; pet 1.17 „69,99 98N '13eJ1 peq!Josep enoge eq; to gull y;JOU eq uo eillds ale 6uluu1699 :sMollol se pequosep 6uleq eullie;uaa eq; ylIM ylpIM Li! ;Gel (09) Alxis pue; jo dIJls a s! yolyM',1ONIWOJIM 1 AINf100 N100N11 N01AV dO NMOI 3H101 NOI1HX3NNV NOldb 1S3MH1fl0S 2H1 NIH11M NMI. 98 NOI10S b /L3NZ /•3 3H1 NI NOldb dO NMOI Hl 01NOIliaav 0N003S 0131N N39 IVld 1VNId, 'Pa1111 60 110 pies ul proper to leld ley; uo uMogs se ;earls uloouf 40 uolsuapxa AiJaylnos eq; ssoJOe pue Jepun 'rano sel;!I!1n pue ssei6e pue sseJ6ut 4.0146p eyl glyM 1AH130O1 Buluulbeg 4o ;u!od ay101'17/1•3NZ /1-3 Ples 1 /1-3St /1 Pies 40 Jawoo IS9MIIJOU ay; o; 'gull ;seM pies 6uole ';eat 1. 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OON (meg; :t7 /•3SW1.3N pies to rail ;seM 94; uo pulod a op 'peer; pies 40 ®wl ypnos sin 6uoie 'pea; 9V6/8 M,.8E,171. 69S e0uay1 `Z£'17 j008 ui poeJa ales to lulod lseeglnos 944 0; euii AIJals9M pies 6uole ;eat ZL 9 L 1.z '3 „00,90 I OS eoueyl :uol ;lppy lrodilb pies 40 gull AIJe1seM ayl uo ';.oereq; Aeq eq 1seaylnos eq; 01 'leer) P!es l.o auil gpnos ayp 6 uole '1094 0L "90Z 1 3„69,99 88N '6ulnuipuoo eouey1 .:loeilples 0 Re4leq is9Myinas ail of 'Z 06ed uo spJOoeH. olle;sologd }o.9LZ rog ui. eaUJO pies iii pJooa, 0o per; leg; ,lo earl q nos ay; 4d uolsua;xa AIJa4sane 6uale'4994 ZE'6£9 °,6£,85 88N OOuey;-. .s. w 41L3NZ /l- •Ples� �au�oa s oil4t lu 9 141 W0444994 ti,��LEEl• �3 5£;£ L 00S `ti /r NZ /lt p1$s; jo egii wpm 41,4o;ujod. a i e. ujuul8s� o 7 t. :SMOIlo; pegUJ 0sap e U SI g ap o Y z r 9 L:)IOO9 u� plJe "09 L abed uo to Zgt i{voe �'A ;ufio0- uloaun'' f 4o.)jJe10 au; uo a0l}4O ey} v! pJoaaW 40 spill esoil 4o; red 6uieq '6ulwoAM `A1wno0 uloouj1.'uol ;y ;0 uMOj eq; 4o s1lwl7 peleJodJoou! ay; Ulyj!M 'M6I,1.21 'NZEi '9 uolloeS 1 /L,3S /L3N,eyl Ub ped leyl..PUe tr_/43NZ /1. eg1.lo leg uolldlio it eBei ii,V; --7 1 40 Bull ;s9M 9y16uole 'iOeJ EL'Z0E L M,SE,E L OON eauayl g xe j 10 'd I LZb SEZ LOE '0N XU 1 )INd8 3IV.LS 1aLN I ,LSN I J WV ZZ:80 [a OOOZ- 9Z -I JUL -28 -2000 FRI 08:22 AM FIRST INTERSTATE BANK FAX NO 307 235 4271 thence N68 56'27 "E, 208.67'feet,.along the north line of said tract to the northeast bathey thereof, on a west line of the Airport Addition to the Town of Afton of record In said Office, as Plat No 313; thence NO1 05'00 "W, 70.38 feet, along said west line, to a brass cap; thence N44 38'30 "E, 161,08 feet, along a westerly line of said Addition, to a brass cap; thence N00 24'10 "W, 414.95 feet, along a west line of said Addition, to a brass cap; thence N00 09 60.00 feet; each "corner" found as detcribed in the Corner Record filed in the Office of the Clerk of Lincoln County, each "point" marked by a 6/8" X 24" steel reinforcing rod with a 2" aluminum cap inscribed, "SURVEYOR SCHERBEL LTD AFTON WY PLS 5368 with appropriate details. each bathey" marked by a steel T- shaped stake 24" long with metal cap inscribed "SURVEY POINT DO NOT DISTURB RLS 164" and /or "PAUL N SCHERBEL RLS 164 SURVEY POINT' each "brass cap" marked by a brass marker set In concrete inscribed "AFTON BOUM:ARY" with appropriate details; P. 02 3/3 TO THE TOWN OF AFTON BEING PART OF THE NE1 /4NE1%4 SECTION 36 T32N.Rt1.9W LINCOLN COt1NTY,.WYOMING AND TOG E with the rigtjt of ingress, and egress and utilities'over, under and. across that •sixty (60) foot access and utility easenrient along the eastern. boundary of Lot 202 of said Ben Nield Second Addition, with the easterly line desc[ibad'as .Dhows: ti r Beginning atrt b a they ofihat of•reoot•d in said pffiire'in.• s Book V78 Qf. Photpstatic' R ecords on pageT82, 588'58'39" W,. 08,70. feet=from the: i. i northeast batboy of the' abov'Wdescribedicact; w thence N01'04'24''W, 208.44 feet; along the east linfi of sajd to••the, nor bathey, thereof; h i JUL -28 -2000 FRI 08:23 AM FIRST INTERSTATE BANK FAX N0, 307 235 4271 LE each "spike" marked by a 3/8" X 12" steel spike referenced by two (2) 5/8" X 24" steel reinforcing rods with a 2" aluminum cap inscribed "SURVEYOR SCHERBEL LTD AFTON WY PLS 5368 appropriate details,. r 1 N I •r 9 V. o i r P. 03