HomeMy WebLinkAbout867013RECORDATION REQUESTED BY:
FIRST NATIONAL BANK WEST -AFTON BRANCH
314 Washington Street
PO BOX 1620
Afton, WY 83110
WHEN RECORDED MAIL TO:
FIRST NATIONAL BANK WEST -AFTON B
314 Washington Street
PO BOX 1620
Afton, WY 83110
SEND TAX NOTICES TO:
FIRST NATIONAL BANK WEST -AFTON
314 Washington Street
PO BOX 1620
Afton, WY 83110
86
a top
�j
This 4 rt Is *$a
SU
If 1 1tAit
NCH
RECEIVED
itgcoE...N,,i C,OUNTy (LF
QU JUL 17 IL, i 9
LIEANN
KEMMERER, u YOf I NG
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
MORTGAGE
THIS MORTGAGE IS DATED JULY 14, 2000, between MICHAEL L. MCDONALD and KAYLENE M. MCDONALD,
HUSBAND AND WIFE, whose address is 16333 ORCHARD VIEW LANE, CLACKAMUS, OR 97015 (referred to
below as "Grantor and FIRST NATIONAL BANK WEST -AFTON BRANCH, whose address is 314 Washington
Street, PO BOX 1620, Afton, WY 83110 (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, located
in LINCOLN County, State of Wyoming (the "Real Property
A portion of SE1 /4SE1/4 of Section 31, T33N R118W of the 6th P.M., Lincoln County, Wyoming, more
particularly described as follows: Beginning at a point on the South line of said SE1 /4SE1/4, said point
being 748.57 feet S 89 °50'35" W, from the Southeast corner of said Setion 31, being the Southeast
corner of the property of the Church of Jesus Christ of Latter -Day Saints, contained in Warranty Deed
recorded November 18, 1982 in Book 194PR on page 151 of records of Lincoln County Clerk; thence N
0 °08'33" W, 364.96 feet, along the east line of said church property in said Book 194 and property
contained in Warranty Deed recorded April 28, 1989 in Book 273PR on page 69; thence N 89 °50'35" E,
269.37 feet; thence S 0 °25'20" E, 364.96 feet to the South line of Section 31; thence S 89 °50'35" W,
271.15 feet to the point of beginning.
The Real Property or its address is commonly known as HWY 237, AFTON, WY 83110.
Grantor presently assigns to Lender all of Grantor's right, title, and interest in and to all 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.
DEFINITIONS. The following words shall have the following meanings when used in this Mortgage. Terms not otherwise defined in this Mortgage shall
have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts in lawful money of
the United States of America.
Grantor. The word "Grantor" means MICHAEL L. MCDONALD and KAYLENE M. MCDONALD. The Grantor Is the mortgagor under this
Mortgage.
Guarantor. The word "Guarantor" means and includes without limitation each and all of the guarantors, sureties, and accommodation parties in
connection with the Indebtedness.
Improvements. The word "Improvements" means and includes without limitation 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 and interest payable under the Note and any amounts expended or advanced by
Lender to discharge obligations of Grantor or expenses incurred by Lender to enforce obligations of Grantor under this Mortgage, together with
interest on such amounts as provided in this Mortgage.
Lender. The word "Lender" means FIRST NATIONAL BANK WEST -AFTON BRANCH, its successors and assigns. The Lender is the mortgagee
under this Mortgage.
Mortgage. The word "Mortgage" means this Mortgage between Grantor and Lender, and includes without limitation all assignments and security
interest provisions relating to the Personal Property and Rents.
Note. The word "Note" means the promissory note or credit agreement dated July 14, 2000, in the original principal amount of
$11,592.00 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 20, 2005.
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 property, interests and rights described, above in the "Grant of Mortgage" section.
Related Documents. The words "Related Documents" mean and include without limitation all promissory notes, credit agreements, loan
agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, 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.
THIS MORTGAGE, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS
GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ALL OBLIGATIONS OF GRANTOR UNDER THIS
MORTGAGE AND THE RELATED DOCUMENTS. 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 in default, Grantor may remain In possession and control of and operate and manage the Property and collect the
Rents from the Property.
Duty to Maintain. Grantor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and maintenance
necessary to preserve its value.
Hazardous Substances. The terms "hazardous waste," "hazardous substance," "disposal," "release," and "threatened release," as used In this
aouemsut atgeotidde Aug jo wee} ey; (l) jay }la Buunp enp awooaq o; s;uewAed ;uewlte;sul Aue yiim eigBAsd eq pus Buowe peuolpodde aq pue e;oN
ay; jo aousteq ey; o; pappe aq (q) 'puewap uo a;gvAed aq (e) Iltm'uot ;do s,Jepuei le'sesuedxe yons Hy 'pimp Aq luewAydeJ 4o e;yp ey; o; Jepue,
Aq pled 10 pennout a ;ep ey; wag e;oN ey; u! 104 peppnad aler eyl le ;mew! Jeeq pm Butop os u! spuedxe Jepuai ;my; lunowe Auy •elepdoJdd;
sweep rapue ley; uog3e Aus axle; 'o; pennbai eq ;ou Heys Inc; 'Amu lteyaq s,Jo ;u8J0 uo Jepuai Apedad ey; u! s;sere ;ul s,Jepuei I0011; AHeiJe
mom ley; peouewwoo s! Butpeeoad Jo )01}013 Aug;! 10 'a6e6poW sly; 4o uolslnoJd Aus y}im Aldwoo JolutJ9 11 1:13aN31 A9 S3Hf11ION3dX3
•ApadoJd yons 4o etas a.'nsopaJOJ Aue le JO 'aBe6po11 sly} jo suolsimud ay} Japun play ales Je4 ;o 10 eles s,a•;sni; Aug le e6s6poyy
sly; Aq peienoo ApedoJd ey; 10 Jessyownd ey; 'o; ssed pus 'lo ;gaueq ey; o; emu! IIsys eouernsul pendxeun Auy 'ems le eauemsui paJ}dxeun
'10;ue10 0; pled eq Heys speaooJd yons 'sseupe ;gepul ey; 4o gni u! luewA8d Jeyy spaeoaid Aue
sploy Jepue l! •sseupe ;gapui ey; ;o 80ueieq l8dpuud ey; o; pagddq eq Heys 'Aug 'Japulewei 841 pue 'IseJelul penioos Aed o} UN; '96e8poil
sly; Japun Jepua-1 0; 6urmo lunowe Aue Aed o} pig pesn aq Heys Apedoid ey; ;o uoll13Jo ;seJ Jo Jl8deJ s4; o; pe ;ywwoo ;ou s8y Jepus yolym
pue ;dleoaJ nay; Je ;413 sAep 09; (N;rm pesmgsp ueeq ;ou eney gown% speeoad Auy •e6e6pow sly) Japun vamp ur ;ou Si Jo ;u8JO l! uoi ;eJo ;set Jo
JledeJ ;o ;soo elgeuossai ey; .'04 speaooJd ey; wog Jo;u810 asrngwtai Jo Aed 'e.'n ;ipuedxe yons ;o pond AJolosisg8s uodn 'Heys Japue •Jepuel
o; AJo ;oe ;spas Jeuuew a u! s ;uewanoidwi p8AoJ ;sep Jo peBewep ey; eoeldaJ JO JledeJ Heys Jo;ueJO 'medal pug uog ;Jo }seJ o; speaooJd 941 A;dda
0; spate Japue- q •ApadoJd ey; to .'iBdeJ pus uogsJo ;seJ ey; Jo 'Apedoid ay; Bur;oey13 ue!t Aue jo ;uewA8d 'sseupe ;gepul 841 4o uo;onpei ey; o}
speaooJd ay} )(Ode 'uog3ele s ;e 'Aew Jepue 'penedwi s! A}lmoes s;aepuei Lou Jo Jay }ayM 'A }ivnseo ey; 4o sAep (g;) uee};ll my }tm os op 01 sue;
Jo;utaJO 1!;ssoi 4o load e>lew A;w rapue i 'Apedoid ay; o; e6ewsp Jo ssoi Aug 4o Jepuei A11ou Agdwojd Heys Jo;usJO spaaOoJd 10 uolle3yddy
•11801 ey}
to wJe; ey; Jol eouemsu1 yons ulelut8w o; pus ',Opus Aq pennbei es!mieylo se ,o 'wsJBOJd 8OueJnsul pooh isuo!" 841 Jepun ;es sllw!I Aollod
wnwtx8w ey; o; do 'ueol ay; to eoueteq l8dpu!Jd pledun Hni 84; Jo; eousinsui pool] frueped uls ;ulew pue ulelgo o} seeJ68 JolueJ0 'Bale ;limy
Pool! reloads B se Aoue6y ;uewe6eu8W Aoue5Jew3 !awed ey; ;o JoloeJgo ay; Aq pe ;8uBlsep ears us u! p9 ;e301 awooaq awl; Aue 1s Apedoid
lead 814; pinoU8 'uosied ono Aue Jo J3 }uBJO to ;inelep Jo uolsslwo '138 AuB Aq A8m Aug ut peJledw! eq ;ou Him Jepuei 4o Jonel u! e68Jenoo
ley; 6ulptnad luewasJOpue ue epnlout Heys Oslo AoHod eouemsul 14083 •got ;ou yons en!6 0l eJnIol Jol AAI!g8!I s,Jemsul ey; 40 Jew!eloslp Aus
Burute;uoo ;au pue Jepua1 0; Oogou ua; ;IM Joiid ,sAvp (o) ue; l0 wnwtutw, 8 gloy ;lm peystutwlp JO page3ue3 eq pu Him e6eJenoo ley; uol}mndl►s
8 6ulul8 ;uoi Jarnsul yoga WOJ4 e6oJeAo3 4o se ;ooglpeo Jepue o; JenIeP Heys pimp •Jepuel o} ergs ;de000 Algouoseei eq Aew se wJol
yons ut pue satuedwo3 eOuvmsu! yons Aq ueypm eq Heys sapgod •Japue7 4o Jong; ui esnep 896136pow pJepuel9 8 y}IM pus 'esn;;o eousmsu!oo
Aus Jo uoge3Hdde pt0n13 01 ;uepglns lunowe us ut A;JadoJd lees ey; uo s ;uewenadwi He 6u11en03 amen eigemsul Hnl 844 Jo4 spec; }uewaosIdeJ
8 uo s ;uawasJOpue ammo pepuap(9 pJepue;s y;tm aouemsut 9n1 40 selOHod uiOlulOw pue omoad Heys Jo }118,0 •a3uUJnsu► to 83ueua;u;eyy
•e6e6pow sly; 40 pad a 8J8 A ;JadoJd 84; Buunsul a; BullsteJ suo!s!noJd 6 ulmollol e41 '33NVlif1SNI 39VWVa Alli3dOldd
•sluowanoJdwl yons 40 ism
ey; Asd Him pue ue3 Plum $84l Jepue o; AJo ;pslsl ;es Se3u131f1sse eouonpe Japuei o; ysluJnl Jepue to ;senbeJ uodn H!m mime •slepe ;ew Jo
'saotnres 'glom By; l0 luno0oe uo papasse eq pinoo ueg Jay }o Jo 'uetl S,U8WIBu8IBW 'uell s,3tuey0ew Aue l! 'Apedoid 84# o} pe!ddns SUB 519118 ;Bw
Aue Jo 'peyslwn4 818 sep!Mes Aug 'peouawwop s! )41om Aus elo4eq sAep (9;) use ;114 }Seel 18 Japue•i Algou Heys Jaime •uolpnJlsuoa ;o 33110N
'Apedoid
ay; ;suloBo sluewssesse pus sexe; ey; 40 ;)awe ;e ;s uel}Um s awl; Aug ;e Jepue1 01 ren!IOP 0 l 18131440 IBluawuJeno5 eloIJdOJddo ay; eziroy;no
Heys pue s ;UOWSSOSSO J3 sexe} ey; 40 ;uewA8d 4o aouepine AJOpelsges Jepue1 o; ysluJn4 puowep uodn Heys Jo }p8,0 ;uawAed 40 aOuapIA3
•s6ulpeeooid Ise ;uoo 134; u! peystwnl puoq Alalns Aug Japun ee6igo Isuog!ppe us su Jepue ewsu Hays Pimp
•A }JadoJd ey; }SUIeBe I118wa3JO;ue elo4aq ;uew6pnf esJenpe Aus *gas Heys pus Jepuei pug HesI! puel8p Heys Jo;ueJO ';seluo3 Aug uI •uell
814; spun ales 10 BJnsop8JOI a 40 ;heal a s8 an1338 ptnopley; 906)843 181110 Jo sae; ,SI 8WOye elgeuoseai pus 9 ;903 Aug 9md uei 941 e81Byosip 0;
IuapgIns lunowe 118 u! Jepue1 o; AJO;o8lsg8s A ;)noes Jeylo JO puoq Aims a ►olodloo lue!oij4ns 13 JO 4683 Japua1 ygm ilsodep 'Jepuei Aq pe ;senbeJ
11 Jo 'ue!! 914; 4o 961oyoslp ey; 0m095 '61111 ay; 4o aogou sey ,01n8,0 Jaya sAep (51) use ►lg ulygm 'pe144 s! ue!! 8 4! 'Jo ses!J8 ue! ay; Jey; sA ;p (9;)
uaeyg my1lm Heys Jo;ueJO 'luewA8duou to wise) a Se pa14 Si JO sespe ue!! 8 4! •peztpiedoef Jou s! ApadoJd ay} u! ;sane }u! s,Jepuej 58 Buol os 'Aed
0; uogs8HgO By; Jano e;ndslp y ;te; poo6 a y;lm uogoauuoo u! wleto Jo ;uewssessa 'x;; Aus p luewAod ployy }lm Aew 10;ue10 ;s811103 01 14618
•ydeJ6eJed Bulmollol ey; u! peptnoid aslmley ;o so ;daoxa putt 'enp ;ou s;uewssesss pus sexe; 40 )ell ey; lo4 ;deoxe'e6eBpoW sly; Jepun Jepue
to isaralu1 ay} o; tenbe 10 Jano Ap10!d Burney sue!! He 10 00J4 A }JadoJd ey; ulelulew pegs Jo;ue10 .Apedoid ey; o; p8ysluJn4 l8!Je}8w Jo peJepueJ
sa3!AJ8S 101 Jo uo auop )iroM 104 Swieio 118 enp ueym Asd Heys pus 'ApadoJd 841 40 lun000s uo JO ;suieBe owe! se6Jeyo 93tnJes James pue
se6Jeyo J0 8M 's ;uawssesse 'sexe; Ieloeds 'sexe; 11oJAsd 'sexe; iiB (Aouenbutlep of JolJd s;uane IIo u! pue)
enp uaym A;d Heys Jo }u ;JO •;uawAed
•eBeepow sty; p pod B 8113 Apedoid ey; uo suet! pus sexe; ey; o; Bugeter suois!nOJd Butmo1101 8 •SN3I aNV S3XVl
'nom Bu!woAM Aq Jo MOT impel Aq peugtyold st esp.'axa yons 4t Jepuei Aq paspraxe eq ;ou Heys uogdo sty ;'JenemoH •1o;u810 40 'eq Aew eseo ey; se
's ;Sara ;u! Auedwo3 A;!I!gs!! pellw!! Jo s ;sale;)! dtysleuped 'mows Bugon ay; 4o (%g) puaaed Ong— A ;uaml ueyl avow to dtysJeumo ut e6uoyo Aus sepntout
oste Je;sue.'; 'Auedwoo Auogo!l pe ;twI Jo dtysieuped 'uogvlodloo o s! Jo;ue10 Aue •;sera;)! ApadoJd !yeti 4o 83ueAe /woo 4o poy;ew 18410 Aue Aq
JO 'Apedoid ;saki ayi o; egg Butppy Ism; pue! Aus o; Jo u! ;s8181u! i81!8ueq Aue 4o JalsueJ; Jo ;uewu6tsse 'ales Aq Jo 'ps1 ;uoi uogdo —esaet 'SAW (E)
8a.'y; u8y; 1018816 me; a y ;lm ;swap! ptokieseel 'peep Jo; ;oe11uo° ;oe1 }uoo pus! '1388uoo 01es luawIle ;sul 'peep 'ells ;g6;i;no Aq Jewe 4M !Antiunion)!
10 Almunton Jey;8ym :atge;tnbe Jo tepieueq lee! 18y;8ym :1118Jay; IS8Je ;ut 10 egg '146!) Aue Jo ApadoJd meld 4o 8311 ;Aenuoo ey; SUBSOIL/ „J8ISU8J1
JO ekes„ y 'Apedoid teed ey; ut ;swept Aue 10 'Apedoid teas 941 4o pod Aus 10 He 40 'luesuoo uey1Jm Jotid s,lepuei 94; ;noyym 'Je4sueJ; Jo etas
ey; uodn e6B611o1/11 sty; Aq pemoes swns 118 atgvAsd pus enp Ate;etpeww! 9Jepep'uoi ;do sy ;s'Aow Jep
119 1d3aN31 A9 IN3SNOO 31VS NO 3na
Apedoid ey; enJeseJd pus pe ;old o; AJesseoeu Atgeuoseaj 818 Apedoid 94; 4o esn pue /01381843 ey; wag 4314M'uogoes sly; ut anoge 41)04 ;as
spa esoy1 of uogippo ut 'sloe 194 10 He op Heys JolumJO •ApadoJd 84} pepueysun envel Jou uopuege o} lay ;tau sealBe Pimp •13aloid 01 AMC!
1s818 ;u1 s,n9pua, pe;ad o ►'Jepue 0; Ano ►o84sg8s Atgeuossa1'puoq Awns eJo Aitmoes elanbeps ;sod o; JO;UOJO
agnboJ Aew 1apue- •pezlpledoef ;ou 018 Apedold 044 u! s;SOJ81UI s,Japual 'uoluldo 0106 s,Jepua1 u! 'se 6uoi os pue os Bulop 04 Jo!Jd BugtJm
u! Jepua1 papjou stay 101118J0 So Buot os 'sisedde eisudoidds 6uipmoul '6utpeeood Aus 6uunp eoue!dwoo pl0yy ;!M pus uogeinBei 10 'eOusurpJo
'met yons Aue 41181 poo6 u! 1s84UO3 Aew plump •ApadoJd 819 4o Aouedn000 10 esn 941 01 eigsolidde segpoyins to ;uewu.'eno6 Ht 40 '138149
ui 10980/04 Jo mou 'suoge!nBel pus 'seoueulpJO 'smut H8 yym Atdwoo Aiidwad Hays Jo;ug10 •sluaweilnbati le ;uawUJanoD 4 ;1m 83uel►dwo3
•e6e6pow sly; 4o suoglpuo3 pue sum)} ey; y1!m eouOHdwoo s,lolueJO 4o sesodind Jo; ApadoJd 941 pedsul o; pus s ►saJO }ui s,lepuel
o; puege 0; sews akwuos8e) He le Apedoid leas 841 uodn Je;ue Atw sengeivaseld8J pue weft Sy pus Japue1 •Jelu3 0; 146!ti s,Japua1
'amen ionbe ;Seel 18 4o s ;uewanoJdwt y ;!m s ;uawOnOJdwi yons
eoeid81 o; Jepue of AJOpa4sges sluewe6uelre a)18W o; JOIUBJ9 °,tube.' Aew Japua7 's ;uawenoJdwl Aus 40 ;en0W9r 9141 o; uogtpu03 t sy •1apue1
40 ;11esuOO ueopm loud 84; inoy ;1M Apedoid teal ey; war sluewenoldwt Au8 eAOwal J3 yslowep jou 11845 JOIUOJ9 's;u8W8A0Jdw1 to ►BAOwaa
•Japua140 luesuoo vellum Jotid ey; inoyltm s;onpold goal Jo lenoJ6 'Hos '(se6 pue Ho Bulpnpu!) sisJeutw 'Jegwg Aus 'snow9n 0; 446!)
e4# Aped Jay ;o Aue 01 ;uo16 Jo 'enowal ;ou Htm 10 }uOJO 'Buto6a.'o; 94; 4o AIHoJeue6 ay; 6u!Uw!! inowim 'Apedoid ey; 4o uogJod Aus Jo Apedoid
ey; of 10 uo B;SOm JO 4o Butddllls AUB 1844119 10 '}ruled 'pwwo3 Jou eOusslnu Aug ywiod Jo ;onpuoO '9SnO3 pu Heys Jo;ueJO •a;sOM '9Oues}nN
•8stm19410 e1nsop9J04 Aq 1ay►eym'ApedoJd 041 u! ;mew! Aus 4o upps!nboe s,Japue 4 Aq pepa44e eq ;ou Heys pue e6e6pow sly;
4o 119!! 84; 40 83118A8AUO38J pus uog3e4sges 941 pus sseupa ;gaput ey; 40 ►uewAsd ayi aninlns Heys'Alluwepul 0; uogoBHgo 84; Bulpnpul'e6e6poj
ey; 4o uogoes sly; 4o suorsrnad 841 •selpadold ey; uo e3u8 ;sgns 10 9issm snopJezey a 4o es88191 peuele91y; 10 es8e191 'Issods!p 'e6elo;s
'ern ;0e4nuew 'uoi ;oJeue6 'esn Aus 4o eouenbesuoo a se 10 e6e6pow ey; 40 uog3es st4; 4o y0e0Jq B worn Buginsel Awns Jo u!e ;sn9 AgoeJlput
JO AgOeJlp Amu Jepue y3lym sesuedxe pue 'segisued 'seBewop 'seglipelp 'Sasso! 'swt8i3 118 pue Aus Isu!8681epuei 9s81WJey P1014 pus AJ!uweput
of seeiBe (q) pus 'smet yons Aus Japun sis03 Je44o Jo dnusep 101 ergs!! sewooeq plump Juana ay} u! uognqu ►uoi J3 A4!uwepu! 104 Japua1
lsuis6e sweep (mini Aus sen!em pus sase918l (a) Ageiay r(gue,° •seoue;sgns snopJezey pus 8lsem SnopJezB4 104 ApadoJd 94; Buge6gsenu!
u! eoue6Hrp enp s,1o;u819 uo peseq 8113 U18184 pains }1103 segueJJem pue suoge ;ueseld91 841 •uosJed 1844 Au8 o; J3 101)8)9 01 Japue- 4o pad
ey; uo A ;Hlg8!I Jo A4,Hgtsuodsel Aue 8113813 0► penl;suoo eq I0u Heys pus Apo sesodind s,Japue 104 eq Heys lepuei Aq epew we; 10 suog3adsut
Auy •a6s6pow ay; 4o uog3es sty► 4;!m Apedoid ey; 4o eou13Hdwoo eurw.'e;ep of e;eudaddo weep Aew Jepuei se 'esuedxe 5,101118,9 18 'sise}
pus suogoedsu! yons egew 01 Apedoid ey; uodn Je;ue o; weft sit pug iepue sozuoy ;ne Jopuvn9 •enoge peq!Josep semueuppm put 'suoge;n6eJ
'smB! 8SOy1 uogegwll ;11044tH Bulpmoui 'seoueulpJO pus suogeln6el 'smsI pool pue 'aims '1slape4 eigeoidde He y1im e3uegdwo3 ut pepnpuoO
aq Heys A ;tng3o yons Aus (ii) pus A ;JadoJd ey; wog! 10 wogs 'Jepun 'uo a0us}sgns Jo aisem snopJezey Aue 8S138101 10 '40 esodsp 'Is8)4 'able
'OJm084nuew '848181186 'esn Heys ApadoJd 844 4o Jesn pezuo4ine 18440 J3 wee '1043814uo3 '}usual Aue Jou 10})810 Je4118u (l) 'BugtJm u! Jepua1
Aq pe6pelmougos pus o; pasopstp AIsnotneld se ideox3 (o) pus SJe };ew 43ns o; Bugotel uosied Aus Aq pup Aue 4o sweep JO u0ge61Hl 138181E8141
Jo !mine Aus (H) Jo ApadoJd 94; 4o s ;uodn000 10 SJ8UMO Joud Aus Aq ApadoJd ey; W011 Jo ;noge 'Japun 'uo eousisgns JO 9}ssm snopJezey
Aue 40 8589191 peua;s8J4; 10 'eseele, '1esodsip ';uawis8J; '9Bumo ;9 'amp84nuew 'uog8Jeue6 'esn Aue (l) Bugpm ui 18pua1 Aq peDpelmou>loo pus
o; pesopsp Arsnotneld se }daoxa 'ueeq sey slay} Ivy; anagaq o; UOSOal Jo '0 e6poimoug ou say Jo ►u ;JO (q) !Apedoid ayi W014 10 ;nog° 'Japun
'uo uosied Aug Aq eoue ;sgns 10 e;s8m snopJezey Aus 40 °seers.' peue;eaJw 10 8988181 'Iesods1p 'luau ;earl 'eBelois '8Jnpe4nuew 'uogsJeue6 'esn
ou ueeq sey 91941 'ApadoJd ey; 4o d!yslaumo s,JO;ueJO 4o polled ey; Burma (e) :mg J9pue1 o; s;uOJJem pus slues8JdeJ JOI)BJ9 •solsegse pug
loamy; 110443814 Aus 10 s ►3npoid —Aq wnepJIOd pu; wneIaled 'uogegw!I inoyltm '9pnpul osis treys „03118 ;sgns snopJezey„ pue „elsem snopJezey„
scare; ayi •BuioBaJol ay; 4o Aus o; luensrnd pe ;dope suogeln6eJ Jo 'sap! 'smai !sloped JO ems e1(41330de 184 ;o 10 "bes le '1069 uog38S
'O'S'fl 30 'Py AJ9no3e}d pue uoilemesuo0 a3mosea 941 '•bes ;a '109; uorl3OS '0•S'fl 60 '1 u0gepodsusJi sis!Jeisw snopJOZ;H eyI'( „ydyS
660 66 ON '1 'qnd '9861 40 joy uogezu0y ;neelj pus s ►uewpuewy punlJednS 8 41 '(„b'101130,) •bes ;8 '1096 u0g30S 'O•S•n ZO 'Pepuewe
se '0861 10 toy A ;lIlgen pue 'uogesuedwo0'esuodsaij IvluawuoJinu3 anIsuey9JdwoO ey; ut 111)04 409 se seutuoew ewes ey; envy 118149 '0e6poW
(perm ;uoi)
Z aced 0 0 r i:o 0 3 914 i .,rw9
Z6ZZOOV9 oN ueo1
�-bI-LO
07 -14 -2000
Loan No 64002292
MORTGAGE
(Continued)
Page 3
601
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
Mortgage also will secure payment of these amounts. The rights provided for in this paragraph shall be In addition to any other rights or any remedies
to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar Lender
from any remedy that it otherwise would have had.
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 Mortgage to Lender.
Defense of Title. Subject to the exception in the paragraph above, Grantor warrants and will forever defend the title to the Property against the
lawful claims of all persons. In the event any action or proceeding is commenced that questions Grantor's title or the interest of Lender under this
Mortgage, Grantor shall defend the action at Grantor's expense. 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 Lender's own choice, and Grantor will deliver, or
cause to be delivered, to Lender such instruments as Lender may request from time to time to permit such participation.
Compliance With Laws. Grantor warrants that the Property and Grantor's use of the Property complies with all existing applicable laws,
ordinances, and regulations of governmental authorities.
CONDEMNATION. The following provisions relating to condemnation of the Property are a part of this Mortgage.
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.
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 as may be requested by it from time to time to permit such participation.
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: (a) a specific tax upon this type of Mortgage or upon all or any part of
the Indebtedness secured by this Mortgage; (b) a specific tax on Grantor which Grantor is authorized or required to deduct from payments on the
Indebtedness secured by this type of Mortgage; (c) a tax on this type of Mortgage chargeable against the Lender or the holder of the Note; and
(d) 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 (as defined below), and Lender may exercise any or all of its available remedies for an Event of Default as provided
below unless Grantor either (a) pays the tax before it becomes delinquent, or (b) 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 Rents and 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 (a) the obligations of Grantor under the Note, this Mortgage, and the Related Documents, and (b) the liens and security interests
created by this Mortgage as first and prior liens on the Property, whether now owned or hereafter acquired by Grantor. Unless prohibited by law
or agreed to the contrary by Lender In writing, Grantor shall reimburse Lender for all costs and expenses incurred in connection with the matters
referred to in this paragraph.
Attorney -In -Fact. If Grantor fails to do any of the things referred to in the preceding paragraph, Lender may do so for and in the name of
Grantor and at Grantor's expense. For such purposes, Grantor hereby irrevocably appoints Lender as Grantor's attorney -in -fact for the purpose
of making, executing, delivering, filing, recording, and doing all other things as may be necessary or desirable, in Lender's sole opinion, to
accomplish the matters referred to in the preceding paragraph.
FULL PERFORMANCE. If 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.
DEFAULT. Each of the following, at the option of Lender, shall constitute an event of default "Event of Default under this Mortgage:
Default on Indebtedness. Failure of Grantor to make any payment when due on the Indebtedness.
Default on Other Payments. Failure of Grantor within the time required by this Mortgage to make any payment for taxes or insurance, or any
other payment necessary to prevent filing of or to effect discharge of any lien.
Compliance Default. Failure of Grantor to comply with any other term, obligation, covenant or condition contained in this Mortgage, the, Note or in
any of the Related Documents.
False Statements. Any warranty, representation or statement made or furnished to Lender by or on behalf of Grantor 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 Collateralizatlon. This Mortgage or any of the Related Documents ceases to be in full force and effect (including failure of any collateral
documents to create a valid and perfected security interest or lien) at any time and for any reason.
Death or Insolvency. The death of Grantor, 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.
Foreclosure, Forfeiture, etc. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self -help, repossession or
any other method, by any creditor of Grantor or by any governmental agency against any of the Property. However, this subsection shall not apply
in the event of a good faith dispute by Grantor as to the validity or reasonableness of the claim which is the basis of the foreclosure or forefeiture
proceeding, provided that Grantor gives Lender written notice of such claim and furnishes reserves or a surety bond for the claim satisfactory to
Lender.
Breach of Other Agreement. Any breach by Grantor under the terms of any other agreement between Grantor and Lender that is not remedied
to Awn Aq sseupelgapul ell; pug a6e6poW sly} o} eouereleJ y }1m siosseoons s,Joluer0 t4M leap Amu 'JO ;u8JO o} eopou ;noy1Im 'Jepue1
'JO1usio ue44 Jeg;o uosJed a u1 pa;sen sewooeq Apadord ay; ;o dlysaeumo 11 •suBlsse pus srosseoons Jpey; 'sewed ell; 4o ;Heueq ell; o; emu! pue
uodn 6u1Pu14 aq is e6e6pow sly ;seJe ;ul s,ro ;uBJO 10 JejsueJl uo aBeBpoW sly} ul pe ;e ;s suopellwli ell; o ;oefgns •su6issy pue srossa00ns
•epgeeoJolue pue Nun upewei pays s;oedseJ Jey ;o He u! e6eBpoynj spy; 4o suols!noJd Jey ;o 1e pus ueJloii ;s eq Imp ;l'peplpow os
eq ;ouuso uolslnoJd Bulpueuo ell 11 'Jen0m0y :ApplIen Jo A;plgeeoJO;ue 4o spw!I ell; u14um eq o; pepiPow eq 0; peweap eq Ileys uolslnoJd Buppuefo
yons Aue 'elglsee; 4I •seoue ;swno po Jo suosrad Jay ;o Aug o; se eigeeoJo ;ueun Jo pHenu! uolslnoJd ;sy; JapuaJ 4ou Heys Bulpue yons 'e0ug ;swnoJlo
Jo uosJed Aue o; se algeeoro }ueun Jo pplenup eq o; e6e6pow sly; 10 uolslnoJd Aug spup uol ;olpsprnf ;ue;edwoo 4o pnoo a ;1 'A1allgeranas
•e6e6po}ni sly; u! suope6plgo Ile Jo; e;gpsuodsei sp moloq Bupu6ls suosred ell; 4o yoee ;ell; susew s141 •Jo ;u9JO gene
pue yoee ueew Heys Jo;uer0 0; seoueJe ;ei Ile pus
'leJenes pue ;ulof eq Ilgys e6e6pow sly; Jepun Jo ;uBJO ;o suop;eBllgo IIV 'sealed aldalInW
•Jepua 4o ;uesuoo ua;;pJm ay} pnoylam 'Aposdeo Aug u! Jepua-10 ;!leueq e4; Jo; Jo Aq play
awe Aug ;e ApadoJd ay} ul a ;e ;se JO ;swap! Jew Aug y41m e6e6pow s14; Aq pe;eeio alelse Jo ;saie;up ell; 10 Je6Jaw ou eq pegs 9J9y. ra 6rap4
•e6e6pow sty; ;0 suolsinord
ell; eu1;8p Jo ;erdJapup o; pesn aq o; ;ou em pue Apo sesodind eoualuenuoo Jo; ere e6e6pow sly} u1 s6ulpeey uol ;de0 •sBulpe9H uol ;de3
BuiwoAM ;o a ;e ;s eq ;o emu! all y ;Inn aouepr000u u1 pan, ;suo0 pue Aq pavane°
aq Heys aBe6 ;row say. •Su;woAM ;o awls ay; u! rapue- Aq pa ;deooe pus rapue- o; paranllap ueaq soy a6eBloW spyi met apgemluddy
•euewpuewe Jo uogBJepie ell; Aq punoq Jo paimepO eq 01 ;y6nos sewed Jo Aped
ell; Aq peu6ls pue Buq Jm u! uen16 sselun enp09lla eq Heys e6e6pow sly; o; ;uewpuewe JO 1O uopereue oN •aBeBpoW sly} u! q ;J0; ;es sJO ;}ew
ell; o; se sewed ay ;0 ;ueweeJ6e pue Bulpue ;srepun eJp;ue ell; se ;n; ;suoo's ;uewnoo0 pe;eIeid Aug yip% Jay;e6o; •e6e6pow spy. •s ;uawpuewy
:e6e6pow sly; to pads 8J8 suolslnoJd snoauelleosiw Bulmofol 9 'SNOISIAOad SfO3NY11 3SIW
•ssarppe }ueJJno s,JO;uBJO 4o saw;; ale ;e pewro ;u! Jepuei dew; o; seeiee J0jU8JO'sesodrnd eo1lou Jod 18688;JOW sly; 40 Buluul8eq 844 Jesu umoys se
'ssaJppe s,Jepua1 o} lues eq Heys e6e6pow s14; Jano A11101rd say golym uell Aug 10 Jeploy eyl wog amsoloero4 ;0 seopou to seldoo py •ssarppe s,Aped
ay; e6ueyo o; s1 eopou ell; ;o esodrnd ell; my; 6upA1loeds 'selped Jey ;o ell; o; eopou ue;;pJM IewJOl BulniB Aq a6e6poW s14; repun seopou Jot ssaJppe
s;p e6ueyo Agw Aped Auy •e6e6pow s14# }o BupuuiBaq ay; Jesu umoys sessaJppe ay; 01 pe40aJpp 'plsdard e6e }sod 'Ipew pere}s!BaJ JO pampa 'swap
;sip Hew sale ;s pelpufl 841 u1 pel1sodep ueynn enpo0Be peweep eq Heys 'mew ll 'Jo 'Je!Jnoo Iy6puJeno pezpuBo0ei AHeuol ;9u a y }1m pe #1sodep uaym
JO 'pOJan11ap Apen;OS uaym 9n11°8448 aq Heys pue '(met Aq pannbOJ aslmJaylo sselun) epwps0e ;ale; Aq ;ues eq Aew 'But11JM up eq Heys 'J0 ;u8J0 o} etas
}o eopou Aug pue ;melee 10 eopou Aue Uope11WII ;no11HM 6u10n10ui slg1 Jepun 0011ou Auy •S311HVd 1:13H1O ONV HdOINV1:19 01 S3311ON
•mei Aq pepinord
swns Jey ;o pe o; uo141Ppe u1 's;soo pnoo Aug Aed ;pm ospe JoiuBJ9 •mel etgeopldde Aq pe1 #lwred luepxe ell; o} `e0uemsul e11 pus •see; les!BJdda
pus 'spode) ,sJoAanms '(spode, ernsoloeJol 6ulpnloup) spode, 811; Bululelgo 'spJ008J Bu14oreas 10 Iwo ell; 'seOlnJes uopoeloo ;uew6pnf }sod
pe }ed1011ue Aug pus sleedde '(uoi;ounful JO AE ;s 0pewo;ne Aug e;e0en Jo A;1P0w 01 spo ;la 6ulpnloul) sBuppeeooid Ao ;dnJxueq JO; see;
,sAawoile elgeuoseeJ 6ulpnloul 'prisms; a s! 81841 IOU JO Jay }ayM sesuedxe 19601 s,Jepua1 pUe see; sAewoue elgeuoseeJ s,Jepue- 'Mel elgsolldde
Jepun sup' Aug o; l00[gns Jenemoy 'uopeywll ;nog;pM 'apnIOul ydBJBeJed sly; Aq paranoo sesuedx3 •epoN ell; u! Jo; pepinord eleJ ell; le P1edaJ
Ilpun am ;iPuedxe Io a;ep e4e wog ;seJa ;u1 Jeeq hays pug puewep uo elgBAed sseupa;gapul 841 4o pad a ewooeq Heys s ;1161, sp! 10 ;ueweorolue
ay} JO IsaJeju! spa 10 uopOOIOJd 841 JOl pip Aug ;e AJ9ssa09u aJe uolutdo s,J9puai Li imp Japua, Aq peJJnOU! sesuedxe elpuose0J p8 'penlonul
s! uolJoe pnoo Aug IOU JO J8448yM •Ieedde Aue uo pue lop; 1e S001 ,sAeuJO11e elgeuoseeJ se elgeuoseeJ e6pnfpe Aew pnoo 0141 se wns yons
J8A000J o1 pal;lue eq Hays Jepue- 'e6e6pow sly; to swJe; ey110 Aug e0JO4ue 01 uop0e Jo plus Aug se}nwsu1 Jepue •sesuadx3 :seed ,sAewolly
•e69B ;JOw s14; repun salpewei s;a OSIOJ8x8 pub primp s eJeiOep op ;116!J s,Jepua1100118 eau Heys wroped o; Jo;usJO 10 amp; Jells
a6e6poW s14; repun JoluBJO 4o uope6pgo ue upped o; uop;oe wig} Jo sera ;lpuedxe epw o; uopoele us pU8'Apewar Je440 Aus ;0 ;Insmd epn oxe
jou Heys ApeweJ Aug ensrnd 01 JepUe1 Aq uop0813 •uolslnord Ja110 Aug JO uolslnoJd pay; y;pM OOuepdwoO popes pugwep op aslmJay ;o si46li s,Aped
ay; eoppnfard JO 10 JeA18M g e;n;psuoo 10u II9ys e6e6pow spy; 40 uolslnord 9 40 y0S0Jq a 10 Aped Aug Aq Jenlem y saipawaa 10 u0113013 !J9AIUM
•uoi;psodspp JO ems e4e 10 ewe e1} ero;eq sAep (o;) ue;
Isee1 ;e uen16 801 10U ueew Heys 80110U 81g9uosee1 'spew eq o} sp ApadoJd IeuosJad ell; 10 uol ;lsodspp pepueeup Jeypo JO 8I1S e;enpJd Aug 1.1014m
J8118 awe Bill 1 JO ApadoJd IeuosJad 01110 ales ollgnd Aug 10 e081d pue awl 014110 e01}ou 8I BUOSB0J JOIUBJ9 9A16 Heys Japuei 'ales 10 0010N
•ApadoJd ay; 10 uoppod Aug Jo II uo ales ollgnd Aug ie pp o1 peppue eq Heys Jepue1 •seles
a ;eJedes Aq Jo ems auo u! 'Ate ;eJedes 10 ra4ea6o; ApadoJd 841 10 pad Aug JO 1113 Has o; earl eq Heys JepuO1 'sappew0J pUe s1461J s ;1 BupspoJexe
ul •papgysrgw Apadord 841 eney o} 14 Ile pus Aug sen!BM AgeJey Jo }ugJ9 'Map etg9011dde Aq peulwJed wave 010 o. •A;radoJd eq1 10 ales
'Apinbe u! Jo mei le elgsll9Ae Jo a ;oN mil Jo aBeBpoW sly; ix pep1AOJd salpeweJ pue s "BIJ J8L/10118 eney Heys Jepue1 •saipawaa Jay 10
•Jepue ;0 pugwep ay; uodn
Ale;g!Pewwp ApadoJd ell; el80gn (q) Jo ApadoJd ay} 10 asn ell} Jo; !glue.; emotional a Aed (e) Jey ;le 'uol ;do s,Jepue7 19 pays pue ApadoJd 841
10 Jeseyornd 011; Jo Jepua1 10 e0uerauns Ig Iueuel a ewooeq Mega Jo }uBJO 'JOpuBJO 10 unelep uodn ApadoJd e41 10 uolssessod o; popl ;ue sewooeq
espMJey;o Jepue- Jo enoge papinoJd se plus s1 A;JedoJd 01} Jogs 44JedoJd ay; ;0 uolssessod Ul SUn3WOJ J01UBJ9 ;I 83uer91;ns ;e Aououa.
•UOgOas 914} 1.11 peppnoid s;y61J e4e 4o es!OJOXO ay; WOJI peA!009J s;unowe pe 10 U01 1e011ddg J8118 Jepue,
01 anp sseupe;gepul 041 ul 81.11UIEW8J Aouelopep Aue .101 ;uew6pnf a ups ;go Aew Jepue i 'mg' elgeo1idde Aq pep ;Ivied 11 ;uaw6pnr A0u0i01100
'epn ;e ;s Aq papinoJd se eJnsoIOOJ0I „ales pug iuewesppanp9„ J0 „ales
to Jamod„ Aq Apeoppoeds pug 'ems IelOppnfuou Aq ApadoJd 841 4o ped Aug u; JO 119 up ISOJ9IUI s,JOpuBJO esol0ero; Aew Jepue1 *an Ioi011301uON
•Apadord 84140 ped Aug Jo He uI ;swap)! s,JOIuBJO Bu;soloeJol eaJOep Iel0lpnl a ule ;qo API Jepuei •arnsopeio3 !epipnr
•JenpeoaJ 9 se Buwes wog uosJed a Alllenbslp ;ou pays repuen Aq ;uewAopdw3 •;unowe Iepuelsgns
e Aq sseupe ;geput 841 speeoxe ApadoJd 841 10 amen ;ueJgdda ell} lou Jo Jay ;eym Islxe pegs J8A!808J a 10 4uew4ulodde aye o; py6lr s,Jepue
map Aq pe ;lwJed 1! puoq }nog ;pm 8AJ8S Aew J0AI800J ay. •sseupe ;gepup 841 ;sui96e 'digsranleoeJ e4e 40 moo 9Ue mop pus Jeno 'spee0OJd
841 A;dde pue A;JedoJd aye wog spue> ay} ;moo 01 pug 'ales Jo ernsoIOOJOI Buppeoerd ApadoJd ell; e;eredo o; ApadoJd ell; eiuosard pug ;oepord
o; Jamod 041 4 ;Im 'ApadoJd 841 Io pled Aug Jo pe 10 uolssessod e) 8; o; pe ;upodde Jen190eJ a eney 011y61J ay} eney Ileys Jepuei •J0A1939H ;uloddy
'.18A11308.19 yBn0Jy4
Jo 'wag Aq 'uosJed u! Je41le ydBJ6BJedgns spy; Jepun s ;yBu set eslorexe Aew Japue1 •pe;slxe puewep ell; Jot spunor6 JedoJd Aug IOU Jo Je4ee11m
'apew are sluewAed e4e y0pym Jot suope6ilgo eye Alspes Heys puewep s,JepueJ 01 esuodsei u! Jepue- o; sJesn imp Jo s ;ueue; Aq seuewAed
•spaaoord ay; 1001100 pus ewes ay} epep068U 0I pue JopusJO 10 eweu ay; up 1oera4e IuewAed up penp8OeJ s;uewnJ }sup esJOpue o4 4084— up— AeuJO}ee
s,JOIuBJO se Japuei sepeu6psep AlgsooneJJi Jo ;ueio uey; 'Japuei Aq pa}0appo0 9J8 s;uaa 841 li •J0pue o; Ap;oeJpp sea; asn Jo Wei 10 s;uawAed
°pew o} ApadoJd 8yl 10 rasp Je44o JO jueue; Aug wpm Aew Jepue 11461) s144 }O 8OU2Je41Jn4 Up •sseupe4gepul ell; Isup8Be `s;soo s,Jepue, enoge
pue JOAO 'spaaoord 4eu ey1 Aidde pus 'ppedun pue enp ;sod slunowe Bulpnioup 'Weld 814;1091100 pue 'pepOiPnf —uou JO peloppnf Je4leym 'arnsopoeJol
;o Aouepued eq 6uunp Buppnpoup 'ApadoJd 8U1 ;0 uolssessod 8)84 04 'JOIUBJO 0; 801;ou eno441m '4461, 01} en814 flays Jepue1 *quail 1391103
•epo0 pepOJewwoo wJO11u0 844
Jepun Aped pamoes a 4o seppeweJ pug s ;y6pi ell; Ile met; Ilgys Japua1 'ApadoJd IeuosJad e4e 4o ped Aus 10 Hg 01408dseJ g41M •saipawaa 330
•Aed o4 perpnbei eq mom Joeu8J9 g01ym A }peued ;uewAedard Aug Bulpnloup'eigBAed pug
enp Ala ;elpewwl sseupelgepul awe 844 aJep0ep o4 Jo }upJO 0l eopou }no441m uop ;do s11 }e ;Op ell; eney Heys repue •sseupa ;gepui a;eraia00y
:map Aq peppnOJd seppewei Jo 91461,
J944o Aug o4 uoplppe u! 'seppewOJ pue s;y61J Bupmopol 84410 8J0w Jo auo Aug esp0Jexe Aew 'uol;do s4148'Japue 9 41 up uope ;Iw11 Aue Jo 810N
ay; ui uo1le41wpp Aug o; ;oefgns ;nq J0uearey; ewe; Aug pe pug prima 40 1uen3 Aug 10 eOu9JJn30o ell; uod
fl '11f1Vd30 NO S3103141311 ONV SIH018
Ie0p ;0erd Algeuossei se uoos se aoue11dwoo
eonpord o; ;uelopins sdels AJesseoeu pus elgeuoseeJ 118 se;eldwoo pug senup;uoo Je149era44 pug °Jnllel 841 wino o} puelowns sda ;s se ;g!liul
A;aleiPeww! 'sAep (9L) ueeup,ugy; wow sejlnbej wino ell ;1 (q) Jo :sAep (g;) U ulyllm amp; ey1 sem0 (e) :amp; yons ;0 81110 Buppuewep
80pOu ue1IJm slues Jepue1 Jeue 'JOpu%JO 1! (peJJn000 eney palm llnalea 40 luen3 ou pug) parn0 eq Asw 4I 'sy;uow (Z;) wpm; Bu;peoerd
8 41 u1y11m e6e6pow spy; 4o uolslnoJd ewes 04; 4o y0e8Jq a 4o eopou 8 uenp6 ueeq lou say Jo4u8JO 11 pue elgerno sp 0Jn11e4 a yons II •arn3 o ;1y°la
•eJn0esu! IIesp sweep ylpel poo8 ui Jepue1 •A ;pnoesul
•41n8480 40 luen3 ell} 9Jn0 'os Bupop ul 'pug 'Jepue 04
Aro ;og4spes J9UU9w a u1 A;u9Jen6 81; Jepun BupspJs suope6Hgo 044 AHeuolupuooun ewnsse o; alelse s,ro ;ueJen0 ell} ;Iwrad 'op perinbei eq lou Hays
4nq 'Aew 'uolldo su le 'Jepue •sseupe;4epup eU410 A;uergnO Aus 'repun A4i1g81 .10 '1 ApP!Ien ell; se;ndslp Jo se)loneJ Jo 'pueledwooul sewooeq Jo
seep Jo ;ueren0 Aue Jo sseupa }gepul e41 10 Aug 4o Joluereno Aug o} 40edser y ;JM srnomo wane BuiPeoerd 94} 10 Auy •ro ;uerene °u1;0any s;uen3
J9181.10 mou Bupslxe Jey }eym 'Jepue
0; JO;UBJO Io uop }e611go .10 sseupepg0pul Aug Bupureouoo ;ueweeJ6e Aug uo!1e11w!I 4noywn Bulpnloul'upeJey; pepinord polJad 908,6 Aue u111Am
b abed 0 9
F:Z0e..9N0 (panui ?uo3)
Z6ZZOO179 oN U001
-bL-LO
07 -14 -2000
Loan No 64002292
forbearance or extension without releasing Grantor from the obligations of this Mortgage or liability under the Indebtedness.
Time Is of the Essence. Time is of the essence in the performance of this Mortgage.
Waiver of Homestead Exemption. Grantor hereby releases and waives all rights and benefits of the homestead exemption laws of the State of
Wyoming as to all Indebtedness secured by this Mortgage.
Waivers and Consents. Lender shall not be deemed to have waived any rights under this Mortgage (or under the Related Documents) unless
such waiver is 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 any party of a provision of this Mortgage shall not constitute a waiver of or prejudice the party's right
otherwise to demand strict compliance with that provision or any other provision. No prior waiver by Lender, nor any course of dealing between
Lender and Grantor, shall constitute a waiver of any of Lender's rights or any of Grantor's obligations as to any future transactions. Whenever
consent by Lender is required in this Mortgage, the granting of such consent by Lender in any instance shall not constitute continuing consent to
subsequent instances where such consent is required.
EACH GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MORTGAGE, AND EACH GRANTOR AGREES TO ITS
TERMS.
GRANTOR:
By
MICHAEL L. MCDONALD
STATE OF hey (1 i✓
COUNTY OF 2(6- t 4/
Given under y hand and official seal
Notary Public and for }fie State of
i
SS
MORTGAGE
(Continued)
0807013 6 0 3 Page 5
INDIVIDUAL ACKNOWLEDGMENT
ROGER J. (ALES NOTARY PUBLIC
County of State of
Lincoln Wyoming
My Commission Ex'tres January 29, 2004
On this day before me, the undersigned Notary Public, personally appeared MICHAEL L. MCDONALD and KAYLENE M. MCDONALD, 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.
day of 7a/1
Residing at f7'
My commission expires 1 O k—
LASER PRO, Reg. U.S. Pat. T.M. Off., Ver. 3.27 (c) 2000 CFI Pro ,iices, Inc. All rights reserved. [WY -G03 F3.26b P3.28b MMCDONAL.LNJ
,20 QO