HomeMy WebLinkAbout978337ECQBPANTI:O.N 13.EQUESTED::8Y::
:F Bank
AaCkson:Brarich
rciaaway
da.dirOon,. WY .8001:
WHEN RECORDED MAIL TO
RORY IVIP.untoini Sank
Jackson Branch
8S0. W OroadWay:
:Pnx $3
WY 03091.
SEND TAX 'NOTICES TO::
:invaatInerrts, LW; a :Wyoming Limited Liability Company
P.O ox 4;1725
Jackson,. WY 8062
978337 9/10/2014 2:36 PM
LINCOLN COUNTY FEES: $36.00 PAGE 1OF 9
BOOK: 839 PAGE: 383 MORTGAGE
JEANNE WAGNER, LINCOLN COUNTY CLERK
11111111111111111111111111111111111111111111111111111111111111111111111111111111
SPACE ABOVE THIS LINE IS FOR RECORDERS -USE: ONLY
MO.F1TeAlPF
WIAXIIVIL LIEN.. The 1W.1 of thsia Mortgage shall not exceed at any one time.: :*90i000...00:.
•Th.1):$ MOATSA08:.c.lat00 September 10 2014 s rnada.and executed between J H Rryospnonui L140, a.Wyntning
Limited LiObility aorriPany, whDAe. address.:*Es 0355 8 T.OnsisogiOrNO #0i joof<o.0.41 WY 0000 (referred ta:belo.w as
"Grantor And Rocky :Mount oin 8ank whoe address to 090 Vt. Or.nolwoy, P,4),.: 90x 938, Jackson WY 83001
(rd to 1)PIOW as
:GRANT Of -MORTGAGE, 'For valuable conaideraiion,: Grantor MOrtqa9.0.s. and OOrivays ta. Lender :all: Of :d right:„ title -and: interest j apolo-
the- -ftillOWiligdeterib.ed real property., together With 0 eAtin.9 or subsequently or :affiNed bullthngs rnprafarnents and fxtures a
Oaterriatat„ rights of way, and apputtanaticef;' all Water, War& flOhts, Watereourtes ir d ditch (including :in Otitities- WItInfitCh
:I.rrtatiOn rights) :othgr rights royaIte and profrt ralatioq tO the reai property,. fricleding MO:loot all mreraIs e gas
gOIhormg!: :4;10 Jr matOrs,. (the 'Bear :1 lOOaMd in Lincoln County, .8tate: of Wyoming:
See :Exhibit A whch S.attechect to thLs MOrtgage. and Inade:a part of this Mortgage as if fully: set forth hen
Thg Row: Property or t$: address known as 107784 Hwy 8.9, Etna, WY 93118.. The Real proporty
tax Ideritific.ation number is I 2351911.3c/01:Q790.
Gratitdr- presently .assigns to Lender all of Pramp.'s r ght titje,. ADO interest in and to all present and future isooag of the :Property and all: Rants
from the: Property. in addition.„- Grantor War:AS-16 Lender a Unifohn- COentriercial: COO. oecurity interest In the Personal Property :and: Remo:,
THIS MORTGAGE, INCLUDING ASSIGNMENT OF RENTS AND THE :SECURITY :INTEREST IN 'Ilia :RENTS: ANO PERSONAL 1$
3IVEN.10 SSECURE Ki PAYMENT OF THE: ligOESTED.NESS PERFORMANC Of ANY AND ALL OBLIGATIONS UNDER THE NOTE,
THE RELATED DOCUMENTS:, AND' THIS MORTGAGE, THIS MORTGA GEIS GIVEN AND ACCEPTED ON.-THE FOLLOWING TERM S::
GITANIP.RT WAIVERS
all rights .or defenses: arising t rea.00n' of any l 'one. .0.r 'Ariti-defitienO? law:, or any :0:that Jaw
whth tray prsvnt Lerider'ffrOrn britiOlrig arly action againat. Grantor,: Including. a :claim for dafigiapcy to the eterit L?nder ij otharwisa entitled to
:a claim for tiefialerrey, before or :after Lendr s COMMeneetnerit or eitiinPiatiOn of anY foreclosure action, either judicially or by Axem Of
:PP:Wer Pf
GRANTORS REPRESENTATIONS AND 'WARRANTIES: Grantor warrants.' :that; .(a) this Mortgage is :.6.XeCifted t Rarn6Wees reques: and not -at
the request of ..Lencter; ib) Grantor has the full :po.'yv.e.r, right and pothority to enter Into: this Mortgage and: CO :hypothecate.: the Property ..fo:tha
previ5leos .tincter:bny other :inktriirrien:t:bindin'O.:00:6-0:Grantor and an .not
result ri a violation of any TaW., reguFanon PoArt decree or order• applicable to Grantor:: -Grantor iias .astablithad: adeilUate means of obtaining
from Borrower on a 000tlnthng Laia inforrnaton about 'Borrower ifinancial condition': and Iiander I:Ma-Made no representation to Grarittii
.abOut BOrrOWar (inCledin0 withocit thittion the •O reditvorthires ef Borrower.).
PAYMENT' AND .PERFORMANCE. E)ceept as OtherWite. provided in thia :MOrtgage, SOrrower shag pay to:I.ander il Indebtedness s.O.OUred this
Mart.iap: as It :becomes: duo,. and Borrower -arid Grantor shalt strictly perform all Borrower's and GrantbrIO obligations under this: Mort9a9e.:,:
POSSESS-10N D ANI
MA.—NTENAN0g: OF: THE .PROPERTY.. Eiormwar tied Granter' age d that Botrowees: and Glant9r. -i .s :P2a.§Oa'ajorI and PS?' pf th.P:
PIPPPrfiy. shall OP,ROYet:riP4. hy the f9110Wing ppyisiori
,Ros.ession and use Untikhas occurrence; of :an E:verit of Default ..Grantor may -(1)- remain in possession and control of the Property; {Z)
.operate rtianaoe the Preperty;: and .13) C011eet the Rants. from the Property.,
Duty' to Mntain. Grantor shall Maintain- the Property in -tenantable condition and promptly :perform all- renetro, replac.anterIts-,, and
maintenance: necessary to preserve its value;
Ociroptionce• With Enyir.onineotgit Lows, Grantor represents and warrants 16 :Lender that (l) During the period of Grantor's- ownership of
the Property, Mare has been no usa, generation, manufacture i .storaoe, treatment, doae1, teleate: Or threatened release of any HazarclP.:Pa'
Substance by any pers'Ori on under, about or from the Property; C4 Grantor has no :knowlefige of of mason' to.: bglieve. That theta has
befen Ogcept as p.ratilOwSly- -dfsCiused to and :8.016.16-Wledged by Lender in Writing (a) any breach: or violation of any Environmental Lawo
(IA: any Lisa,: generatiOni manufacture', .F.torage;.- tratment dsposa1 re.14.aso. or 'threatened- release et any Hazarcfous Substaroe on ncler,
about or fiten the Property by any prior owners: :or occupants of the Property or Id -any' actual.: 0.r threatened iitiOatiOn: at claims of ay
ht# Art:t e4fal-frikt. •rrtartiir.t' ti.riarit: .6 :Iiitcaiirci raves.ksi,h/74 'Vv.,. 1
MORTGAGE
{Continuod) Page :2
releliSe any Hazardous Substance on„ tinder, .a frbrit the •PrOperty; and •(14; any •sttc.h ea•iVity shell be. conducted tn compliance.
with alj 4pol federal, state, and loc:al:.laytis., regulations 0.nd erdinances:„ itiblUding :Witne.Cit lirriitation. all rivirentrierital Laws,. Grantor
:authorizes :bender and its agents to enter upon the Property :to makp: pb lrispectiOns and tests,- at Grantor's expanse:, as Lender may doom
apprePriatei t deterrathO.cOrripliened. of the: Property With tia 5eoton af.the -Mortgage Any inspections: or tests made by Lender :shall be
for Lender purposes .;:drTY and :shall nOt be construed :to: Create any re:spOnathility drill:ability on the part of LenderctO. Grantor or te any .other
Perann, The repreSeatetiOna. and :Warranties contained herairi ace based On Grantor 'S due diligence in .investlgating the Ott/petty for
Hazardous Su.betariees. 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 :Stith; :laWs;; and 11) are to ihderrinify„. defend, and held harrettess;
E.:ender against: any and all olefins josses, liabilities damages,: :penalties and expenaos: wfilah Lender :rnay or inifirocily: atistain Or
stiffer reatilting :frrirti i breaah of thit Se the:Mortgage or es a consequence of pint: use,: generatior),. manufactto.re, storage; :clisposol,
releeact; Or threatened :releaSe oat:wring prior. to Grantor t ownership or interest n the Property„ .wnether .or: net .the: s.arne was or .should
have bean known to Grantor.: The provisions. of this section Of the MOWling the. obfigatierile. indemnify' :and .rieferid„ Shall survive
the :PayMent of the Indebtedness and the satisfaction and reconveYence of the lien of this Mortgage and shall no be affected by Lender'e
aogoiettfort: of any iritarea inthe Property„ Whether bylizireetbaure Or.etherwise,
.Nuisance Grantor shall riet.cauSe, 0thidi.16tOr perrefit any rittit.atice nor cornertit„ parrnit, or Suffer .any stripping: of .or waste on: or to
the Property pr any portion of the Property: Without limiting the gerierMity of the fOregeing, Granter will not rernov.e,. or grant to any other
party the .right to remove., any timber, :minerals. (including oil and gas), goal, clay, scoria soil gravel or reek products withotit t.encier!0 o priec
:Writtert.:consent.
Betrietral of ImprOvernenta,. Grail:tor. Shell not driinolith or re.mbve :any Improvem.erts lrem. the ;Real Property without: Lerid.er's. prier .written
'cent ent. A$ a .conclition the rernovai of any firl.proverniarita, fender may require; Grantor to :Make' arrangements satisfactory to Lender: to
rc. ast,ioh Imorov.ements trnorovernents :of at toast equal value.'
L.e.nWe. Right:to gofer Lender and: Wader's eats: and represelltatiYea •May enter Upon the Beet Property at 0 :re.6 times le .attend
to Lender'S nd•to. inspect the Real ;Property for purposes of: Grantor's .compliance with the:terms and .00nditions of this Merrgage......
Compliance Governmental Requirements Grentth $141 .prpmprtjy- .aomply with all laws ;ordinances,- iBnd Kew now or :hereafter
in .effect, of all .0overritfietital authorities applicable t the tree: .er eectipartey 6f the PrOp.erty, includ without lirolteflen; thet.knericans
With DiSabilities: Act: Grantor may Contest :M good .:faith any .8:0eh IOW, .orclinahte, or regtilatidn: and :Withheld compiiened; during any
PrPQeePlingi APPealSi: So. long as Grantac has netiffaci Lander in. Writittg Prier to detrig so artd..$.P Long as, in tender
able opirnon Lender's interests M.:the Property are :ridtpopardiZerl lericler may require- Grantor :1p post adequate: sp:ourity of a surety bond,
reageneblY. SafiafaCterY; to 'Lender, to kfterOg.t.
Dow to Piotoot, retttor ag.r.oes: neither to .abarideff Or leeve :unattended the PrOperty. Granter •fthall d� :all the acts, in addition to those-
ap ts. sat:fel:In :above n this set on .1.0icb.frorn. the ,ohareo„tar and :use: of the Property aro reasonably neceeeery...ta protect and preserve the
Praperty:.
pgE QN SALE pONSENT 4Y..• Lender may,. :at :kenclefa: option, :declare irnmediately due and :payable all sums secured by :this
Mortgage :Upon the :Sale or veneer:, WittlibUt •Latideft prior Written' censent, .at part of the Reel :Property, or :any interest in the ;Real
Proporty,: A 'sate ortran.sfer'' means the oortveyanoe: Of :Real PrOperty.er Orly right, title or intereatin the keel Property:;; whether loge!, :benefidal
or equitable; whether yoluntary or inystIontary; whether by 0Or:if-lit. sale,- OW; i.nstalfrrtgnt :;-01q: contract land :contract contra:M.10r dead,
Leasehold interest ............h a term greater than three years, leaseoifitioh; centraet, or by sale, assignment, or transfer of any *b.eneficial interest in
or to any land trust fielding: title to the :Reef Property,..o.r by any Other rrietherf of COnv.ey.artee.: of an iittereat in he Reel. Property, If any Grantor is:
OPrgeratieni.:PartnerahiP or hrnited IldbditY company i: trartafer:BISP; inalUdat; any ohartge n O.Wrier:ShiPOf rti.ctre tat tv.Venty. pero.ent a5A.i of
the .voting stride:, partnership interests or limited liabilitY:Cornparty the o:ase may be :of such 'Grantor, However this :optton: 0101 not
be: eXerdead by:Lener if sdoh sexoToie:e is prehibited by federal :taw or by Miami% ;taw..
TAXES: .ANt) LNS The followlhq proViefons. relating Id the taxes and ;liens. ti the Property eta part ctf Mcirtgagez
Payment: Grantor shall pay sviinen• ;tie (and in all events prior td.delingtiericy) atl. taxes:, !idyl:Olt take*, .apeelat ppageornents water
Oharg.ea. and APWPF:sprvic charges ilPYled against or on a.ccourit of the Property and shelf Pay when due. ell :dahlia for work done on or for
services rendered or material :furnished to the Property rentor.shall: maintain :the Property free: of any liens having prior4' over :or :mt.& to
the interest of Le der :under:this Mortgage, eirdept for these liena .specifidatly agreed .'to in writing by Lender, and e.xcept .tor thelien.of faxes
and asSeaSatents: not doe as further spergified in the. Right to Conteet paragraph..
Rig.F.rt to ;Contest Grantor may withheld payment of any tajc, .ae;aas:efoent or claim in; connection With; a good :faith .dispute over the
obilgaticta to ppy.;• so long as Lender!: s interest :in the Property is not jeopardiied g keri arises or is fled as a result Of rtOnpaYttient,
Grantor shall .within fifteen f 1 5) :days after the lien arises or if a lien Is ficd within: fifteen: fl 'claYa after.. Grantor has netiCe of the filing.
$Mitt5 the disc.harge: of the fiai or if requested by Lender, deposit With Lender eash or.a sufficient corporate surety band or .othpr; Security
satisfactory to Lender' in an arnpunt. sufficient to discharge the lien .ptus. any costs and reasonabe .attorneys 'feeS., Or ether oharcles that
could: adercie as a result of a .ftheclosure or sale Under the lien. It any poritest, .g ranter .shall :defend: itself and !Lender and .shalt satisfy any
adverse judgment before enforcement against the. Property. Grantor Shell. :rierne Lender as an additional obligee Under any .surety bond
furnfahed: in the 'contest proceedings.,
Evidence .otippyrnpnt:,. Qr.arricr•shal• t,tp.on. cLernanci :furnish to tender Satisfactory evidet00 of payment .of the taxes or aaeaeatherite: and: Shell
authorize the appropriate geverntnentat official to :deliver to Lender at any tirrie a written statement of the taxes and assessments against
the :PrOpertY.
Notice at COnstruction. Granter shall nefily ;tender at least. fifteen W days before any")Artitki is cerritrienPed, any services are furrijehed, or
any; materials: are ..supplied to the ;Property if any mech:anin!s hen rhaterielmorea [ten:, or other fhen could be asserted on account of the
werk: setvJces ar Materiale, :Granter will upon request of Lender 'furnish: to Lender advance: as.surarices: satisfactory to Le that Grantor
.carl and pay the.: oost.of each :IrillerOvernarita,
PROPEATV DAIVIAG.E: WS.O.FiANtE.,. The folieWing. PrciViefortS. relating to insuring the Property. are a part •ofthis; Mortgage::
Maintenance of Metirance, Grantor shall :pre and Maintain. polities. Of fire insurance with :Standard extended coverage :endorsements on
o raPlecarneet for the loll' insurable value sopvertng alt froprovernents on the Real Property in an amount sufficient avoid applidatiOn
of any coinsurance Oleuae, and With a atander.0 mortgagee clause rn favor of 'Lender.. sGrantor ghat. .olgo. procure :an.cl: maintain
tomprehenaive. general :liability :insurance tn such coverage amounts as Lender May request with Lender being .named as .additional ;insureds
in ub ilabitity insurance potiotes.. Additionally, Granter Shell Maintain such other ins.urartoo.,. including but not liteited :tit hazard, business.
:Wan No: 4744:25I
R.1 9FI TO AOE
(Cont iTme.d1
Page 3
interruption and: boiler insurance as 'Lender may reeidire. PolidieS shalt be written by stich insurance cqmpanis and may :be
reasonably..acceptable to Lender.. .Granter shall dell to Lender certificates Of coverage from each Insurer containing a e.tipylatlon. that
.ctiVerage will: not be Cannejled .Or diminished without: A..minimum of ten (I 0) days prior written notice to Lender -and not containing an
.diSciaiMer of the inSitrer's ldbIhty or tante to give such hdtide; Each.iinSuranee policy so shell include in :endorsement providing: that
:coyeroga :id favor of Lender .will not be impaired in any way by any Am, ordissliOn or default o Granter or any other Pe.raory. :Should the .Roal
Property be Ideated in an area: designated by the Administrator :of the Federal: 'Emergency Management .Agenby AS a spetial fide hazard
Area., Grantor :agreeSIO Obtain and Maintain Federal 'Hand ingiirenee if for the. 4:14 :Unpaid whelp:al lOplance: of the lead: And any
prior on the: property sec..... tha loan,. up to the maximum policy limits ..st: fonder the National Flood ;Insurenca Program,. or .a s
otherwise, reqUired. by Lender and...to: maintain such insurance for the term of the loan..
Application Of Pideeedg- Grantor shelf prompt* dotifY. Lender of any less or dainage .to the P.reparty, Lender may make prOrif of oSS. if
Grantor f$ t do so within fifteen (18) laye of the easCialty, Whether or not Lender's security *fa: Impaired, :Lander may; at Lender's
plectiOri receive and retain :the proceeds of :any inaUrarree and apply the proceeds to the redUntieri of the indebtedness ;payment -of any lien:
affecting the property or the restoration and repair :4;A-the. Property If Lender ejectala apply pro:neede restoration .and repair, GtantOr
Shall :ren.atritir replAbe the damaged or destroyed irnPrOverrients :in a tdanner Lander ciport satisfactory proof of:
such expenditure:, pm Y or rairctivrse 0.rAtitor from the proceeds ter the reaSofiable of repair or restoration if pr-44tqr 5 net in default
under this Mortgage Any Proceeds: Which .1.1PV.0 not been diSburged. Within 180 days: after their receipt and Which. Lender haS not
CothMitted to the repair. or restoration of the Property 0)g be .....ed fjrt to pay any amount; owing. to Lender onder..thfs: MOrtgage then to:
pay .accruedf intereat,- and the :remainder, if any shall to :applied to the principal :belenCe of he lndebtedrss If under bolds -any proceed ftr.paymnt cif the indebtedness,. al.:tab.proceeds :shalt be. paid to Grantor as Grantor's interests :may appear.
Grantor's 'Report: on insurance.. Upon request of Lerder. however not Mere than once a year, Grantor Shall furnish to i.sondor e report on:
each :eXiatirig: polio of insurance showing: tF): the panto: of the :insurer (2)' the risks.: ihstired (3) the Atria:Int of the nohow' fg the
:property InSurett, the then Corre:nt tePlaCeitient vaue of such property, and the :roamer of deferdinfog.: that: vAlue; :and eXpiration
date .of .the poliey.. Grantor Shall, upon request of Lender, have an independent appraiser s'atisreotary te ..t:Ander. determine the cash. value
:rePlaerriArIt:. -of 'the Property.
,FN11R.'S :EX.PErNIDITURES,. .any action or proceeding la ,corn:mpooed. that would .rnaterially ffeet Lander'S interest in the Propetty it.Grantor
fads to dernOly with .any arm:tisk:1 of this Mortgage or an Related ;Documents including but not firditerf to Grantor's: fafture to diatharge :Or pay
when: due -any- amounts Grantor s required to cliadharge Or pay :Under this: :Mortgage er any Related Documents,: :Lender on Grantor's behalf may
our :hall not be Ongated to) false any pction that Lon.... deems appropriate Intl Uri but. not hmited to .diSdharging; or paying af taxes, Rena,.
seeuritylntereate,. erictirribfanceS 'id other pipJpis,. at any time levied or placed on the Property ard paying It pasta: for insLirJrtg, Maintaining arid
preserving the prope Alt such expenditure's incurred or paid by Lender for such purposes Will then bear nforest at the: rate: charged :under the
N:ote frody the date facurrert or paid by Lender ta the: date: of :repayment by Granter, All such expense beeorne a part .of the Indebtedness
arid: at Lender 's °Pitied will :CAY be :payable on dernand;: 431: be added to the ihoianoe ef the Note and be appOrtiOned arriong.arid. be payable
with any rhstatlment payments to become de daring :either (1). the. term of any applicable nsurane pobc.y or (2) the remaining term: of the
Nete -or (CI he treated as: a balloon: payment iabigh will be -dde and payable at the Note's Mattirity, The Mortgage also wjil secure: payment.. of
these :agicturlts, spgb dght shall be in -addition. to all Other rights and remedies to which Lender may be emitted :upon Default..
WARRANTY; DEFENSE OF TITLE.. The. follaWlOg provisions relating to :ownership of the Property Are a part ofthts Mortgage Grantor warrants that:: (a): :g.rentor. :holds: goad arid markatabfa tltl .er record to:the:Property in fee. Sirripiek free and clear :of all liens:
and encumbrances other than-tr.:0Se set forth in the Reel: Property :desoda:der); or in any title insurance oelleY, title report, .0r final: title opinion
issued i faVor of And a.ceepted by Lender in connection with ths mortgage and 00 Grantor has the 1.0 right powar And authority tO.
laXecute.
and .delJver this M:ort9aga Lander
Petensai 0: 1t Subject -to: the :exception in* the. paragraph :above, -0:raittOr W artait :and :Will. forever .derend the.title to. the property against.
the lawful Claima: Of all persons- 'In the ..event: any action OF is commenced that ette.stiona granter 'a title :Or the interest of Lender
:Under this Mortgage Grantor shall derend: the notion at grantors expense, Granter may be the nominal :party ir such proceeding, but
.Lender .hall be entitled to partielpata 0 the proceeding and to be represented: in the proceeding hy...counsei of Lander 'S own chpice. and
Granter wilt deliver or cause to •he deOyer0 to Lender s.uch sirlatrOmants. OS Lender may request from time to time to 00rd:it such
partidipatitin.
Compliance With teWsi, Grantor Warrants that the property and Grantor s use of the Property .compiles .‘.9ith alt :existing Applicable laws,
ordinances, and :regutations. of. govern:mental .authorities.
sorvisraf of: Representationa and WarrentieS-.. All: repreaentationS, WarrentieS„ and agreements made by Grantor in: this Mortgage shall
survive the execution: and delivery of this Mortgage, shelf be. continuing in nature; And :Shalt Teri n hill force and effect until such time as
Brewer' S tridebtedneas be. paid in fUJI,
:CONDEMNATION. The folidiming .provisions reiatidg corld.ornriatio:n: prone:edit are a p:art of this 'Motto:000f
ptopeedings. If any PrOce.eding. in ophdenthation: grontor shall :prOxdptly notify- Lender in 'end 6-rancor .shaft: promptly take
such steps as may be necessary 'Id :defend the action and.obtain the award may be the nominal party. :in such prooeading„. but
(-Ander .shall be entitled tO:particip.ate in the prOCeeding and to be represented in the prdeeeding bY .eduriSof of its own'cipi:eo, pncl::Grarktpy.
will deliver or cause 10 be ciOlored 10 Lender zu ch instruments: and docurrientatien AS May be maws:tad of Lender frOni time to bine to
permit Stinh. p:actitipatio.o.
Aptilioation.Pf Net. Proceeds. If all Or any part of .the: Property is norid eminent .dordefn -proceedings on ihy arty prooeed.ing
purchase in lieu of c:onclemnation,. Lender may at its election .teritrire: that all or any Portion Of the net prOceeds of the award be applied to
the todettedness or the repair pr. restoration' .of the Property.: The :net proceeds of the :award Shell ineari the award after payment of all'
reaSOnable-tosta,. expenses, and atterneys” teas iridUrred b.y. Lender in connect With the: condemnation.
IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENT4. A(ITHCBITiES The following: provisions: relating to 9c:warnMental taxes,
fees And. charges :pre.: a parr. of this Mortgage';.
.0f/cram Taxagr Fees and :0-hargea.- request by Lender, Granter shall .tikeciite::stith documents 10 -additipn. to this Mortgage and: take.
whatever:ether action is req.iested by Lender to perfeca rid certtuiue Lander'e lan an the Beal Pro.porty. Grantor -Shall reimburse: Lender for
alt 'taxes as :deseribed beloW together With all expenses ineurre0. in recording,: perfecting or continuing thiS :Mortgage inClUdirig Withe'ut
limitation all: texos, ieeL. d.ocumortery:staMps, .and. other Charges. fer-reddrding or reglatenng. this :Mortgage
WOO 47402511
MORTGAGE
tectat inued)
■■••■■•••4 e.".■•■••,,tee,
:Rage 4
Taxes„ The: following: shell orelst flow taxes :VI: Which :dila: Sectien :applies: .(1) spec tak UPOn. thiS tyPe .of Mortgage ar upon al( or any
part of the Indebtedness secored by .this.:Mortgagel' .(2.Y 0 ane0.ft tx orl aarrOWer w BerridWar s Otithorid or requited to :deduct
f.t! Orn nayrnert0 On the ndebtedness secUrad y.pe Of :MPgtga:ge; e:10):c Qn this type o l'.4. .01.ar9Pahle• egairist the :Wilder or
the holde:t of the Note1 and (4) .8 :specific :tag On all or any portion .Of the Indebtadnee.s or on payments 9f principal: end interest made by
:$errewer
Subsequent Taxes..: If any tag to which this section: epolies is enacted subsequent to the date of this Mettgag thre: event Shell have the:
same affect as an Even pf Pefami1 and Lender may eNerPfee any Or aii of its eMaahle: rernagliee for an Event of Default QS: proYided belOW•
unless Grantor *either (II :pays the tag :befOre it bo.ccitnet :delinquent,. :Or contests the -tax .as: :provided .eboye in the Taxes and :Liens:
00t1 arid .00Poeita With: I ar a .suffiolent oorporate isurety bond. or other *seettrity satisfactory ta tender...
STAITIVIEJSM... The foliO.Wing PrOVItiong rehtirig to this Mortgage as a security eareetterit are a pt
If1* W.I.O.rtgage.(
Security Agreement,: Th ins.trument shall. .constitute a Se:ourity Nr0g.ITT.r1t. 0 the .extent. any of the Property oaristitote.a fixtores, :and:
Lender thall haVe all 9f :the rights Of a' secured party. under the Uniform ComMercial :Cede: as.arnended fropytime .to
Sedulity interest :Upon: recippet by Lender., Grantor shalt take whatev:er is recto:es:led by Lender to pprfect and :continue Lender's e0Orlty thtereat in the ROOM and Pergofial PrOperty n addtn ta:reetirding this MOrtgag:e the real :peeper* records Lender may, at any
TIM and without .further :a.uthorrzatton from ci:rento:ri file executed coonterpEets, :Copies: -or reprOdOeticine of tht.S. Mortgage as A financing
-gofp:merit. Grantor .0811 aimbursa Lander for ail :expenses: incurred tp perfecting or c, pptrocilbg thia security Interest Upon default, Grantor
shalt riot rerneVe, sever or detach the Personal Property from the :Property. Upon .defautt, Grantor assemble any persona( pre:party net
:affficp.d to the.: Pfoperty in a manner and at o [liege reasoriehly: convenient to :Grantor and Lerider :and make it :aVellahle 16. Lender Within three
days after rePeigt:•of tvgitte.r): demand from 1,01 0 the P.(tont permitted by aPPIleatAo.:
Addresses. The: mailing addresses' of Grantor debtori. and tender tsecured .par(y) from which: information .concerntrig the. $ocufisty- interest
granted by .thiS MOttgage rn y: be obtained '(eeth as required by the cfniform Cogrqnergial. code( are as stated on tk e. first page of this
:tviortqoRe'.
FU)3ThIER ASSUBANc ATTO R NEVJEAQT.
The following OroViSihris relating' to further: assurances and a4orriey,in.,:fact are a part of this
MOrtga.ge::
further .As At any :drop/. :and from time to: time, upon request .of Lender;. 0:renter will :mike, execute and or to
be: made, executed or .c(aliiiereq, to :Lender or 'to Lenders designee,. and when' regiee:eted :hy*Lenderi cave *to. be fil?d, recorded„ rofiied, or
tereacirded, .aS the deee riley:13a, at euth :titnee ind f Offices and places as• t etxtee. may deon appro.priata, any endati..sudh mortgages:,
deed's: -of: troti security :agreerfiente, *firian.C.ing ataterrienta, .continuatiorr stato.merite, instruments ot fiitthe'r aSSUrarlea,
pettifi9a.tee., and other 09P.Urnenta, as rnay n the sole opiniOn o Lnder he necessary or desirable :in order to effectuate, :complete,. perfect
contnuo
ar•pfeserVe. :01 Barrow er'S. and :Granterts. Obtigationt,:under•-the Note ths morlgage; and the Fe1ated Poqd.n. 0E1.4 al OA
liens rd sou ty ulterosls created. by this Mortgage as first' and prior liens .9n :the .Property, owned dr hereafter acquired by
pranto Unless prphibited by 'jaw or Lender agrees to .contrary in writing,. Grantor shall reimburse Lender for ail co.stS. and experrs.es
in:Cuffed in :Cdnne.OtiOn: With the Matters referfed th in this paragraph.
.A t torneyin:,Fact:: If prbrifor• falls to do .any of the things referred to )r) the. preceding: paragraph,. 'Lender may do..e.o.: for and in the name 0.f
Grantor and at Grar.ttor'e expense.. :For :such -purposes, Grantor hereby Irrevocably Ppoints: :Lender as Grantors for the
purpose of making i oxecutirt9, dhvering fitn reoording anrl dortg all ether: things ee..May be necessary or desirable, in Lender'? sole.
;opinion1 to acoomplish: the matters referred.to in the :preceding paragraph
:FULL :KRFQFtiy.14Nc, Rorrower ant pay pit the Indebtedness' when due, and grantor. otherwise p.erforms el.111 obftaona linp.ased
upon 'Granter unJ th Mortgage,. Lender Shell execute and .deliver to Grantor a suitahle: satisfaction of the Personal. :PrOPelty„ grantor wiit pay,.
it P.ormAtP0. by PP.Olfgebte aw any reasonable :terr.Oinatien .fee: as. determined by Lender from time to time.
EV.W.T.8
OF gach: of the knew:tag. at Le.nder`a: option, shall constitute an 5vertt .of. Default under. this Mortg.nge
.fiayment P.mlpyy.or fails to Inalce: any payment when :due under the indebtedness._
Default on Other: Rayments:, Failure a Grantor within the time required Mortgage to make any payment for taxes r firitiiratid;. er
any:qther PaYrr.leq PPqaa to PYPV.a..nt fiIirg of or to :affect disollarge of .311Y
Other OefPffs.■ it. P.rar4or fail to comply with Pr f perforrn any ether term. emenant :or condition' e.Ontained 'in: this:
.MOttgage or n any of the keiated. Documents br comply With or to perform any. term obligation, cov.ep-ant: or condition contained :in any
Other.a9rgerriont lypt.w.pn.Lortifor and Rortovqer.: er.Grantor.',.
False Ste.ternents; Any warranty, representation dr .otatorzent• rod. .dr furnished to Lerda. by BOrreWe.r. or :Grantor Or .cin �r
Grantor's hefolf under this Mortgage. or the: Related Documents. is: :false or misleading in: any material r?spect, either :now: or at the time
Made: ifke fditithed or becoteeS faIe o miathhg at any tittle thereafter:
Defective: C�1tatralization. thie: iNtibetge ga ar any of the Related Documents. ceases to be in: :toll force end effectAlholuding :tailor? of any;
c011ateral:docoment to create: a. Valid and :perfected: security interost.or i(an) at any and.fornyresbn,
Death. or fristihtenoy..i. The diSsolotion of Grantor's (regardless tI. whether election to: :continue is rriatie)„ any Menthe?. :WithdraWS .frOm the
limited: liehlitty coropany or any other termination of Rorro.wef s or Grantor s exigence as a :going bens e ?or tile.: death clf. any rriernber;. the
Inso(veney of .Borrower Of Grantbe, the appointment ef a receiver for any part of pdr,r:sitter's or .Q1-.:aritgr' property, any assignment: for the
benefitof oreditors, any type of creditor workout, or the commencement 0:f any prd:beeding under any ,bankf :or: ineolgiandy taws by or
opine:f 9PrrPI.No.r orGarttor
cieMor or Forfeiture :proceedings:, *Qpron.rencerngrit Of foreclosure- •or fOrfeiture: proceeclinges whether by judfoial proceeding, self-help,
repossession or any Other Method, brew Crediter of :Borrower or Grantor or by any governm entt agency against :a.ny property securing the
Ind8btedness... This: incladeS 0 oarniShroent of .81:w:0i SorrOWer Or Grantor- atbeuritS, iriduding g.edounts,. With. Lender However
Default shall not apply if there :is*. a good faith: dispute by Borrower or Grantor as to the validity -or reasonableness: of the clMth
whjcth is io bale af the credtor or togfeltt(g0 PTPoPedO.g and If Borrower ar Grantor gives Lender W.r.ftten nOtiee: Of the creditor or forfeiture
f:traceedirig, and deposits with Lender Monies :Or: a surety bond for the .drediter 0' fOrfeiture prebeeding,:in in arnOunt determined by kapclar,
7em solo dleorefiert as being an.ad.equata reserve o.r bond for: the. dispvre.
La).
Mgfrre:Afg
(Contintma
.Other Remedies. :tender sl1all heVe all other rights and remedies: provided iruthis MOrtgage: Or the klete: er. Vailable at 18W rir: ih enuity.
P4ge 5
Sr.00h.h: of. :Other:Agreeniertt. Any. bree.Oh 'Re.trower. Or Grantor under the terms of any other agreement bet:W.edri:BorroWer.Or Granter and
:Lender that is not ternodied Within: any grace period provided therein inclu:ding withe.tft hmJtatior ny' paremerit" concerriino any
indebtedness Or -other Oblig.ptiOnof"Borto.wer or Grantor p ;Lender" whettier." existing- now :or late;..
vents Affecting' GUarantor.. Any of the preceding: events :occur s. with respect:to any .guerentor endorsory. surety„ or aeogn pry
Of any of the: IndOlitednese :or any guarantor .endorser, surety accommodation party dies or hecotnea nmpet or revoke:
disputes•03o valid O. or liability under,: any:Guaranty iof the inKiebtehloess„
Adverse .0harigo‘ A material adverse change occurs :In 'Oran:tors :finer:iota" otyodition, or Leaderbetievos The proepect of payment or
performance of the Indebtedness le imp:alred±.
Rtgixt to: Cure:: 1f airy default .other than: a lie:tank paymeritts: curable and: if Grantor has not been given: a notice of a breach :of the awns:
prevision :df this Mortgage within the preceding twelve Months it May be cured. if :Grantor, :after. tender .s ends written: notice .to:
Borrower demanding .core of such default:. (1) cures: the defek,Ilt Within fifteen (13) d3Va or (2)' if the Cure requires more than fifteen .0.51-
clays itomediptelY irgtiates :steps .whiCh :Lender -dme. in Lender's :pale :discretion: to be soffihiept to cure the default and thereafter
dentinues and c�mpl�tos aII Mae:enable' and necessary epa sufticin q .produce compliance as soon as yeasonably:prectical,
RIGHTS AND REMEDIES ON DEFAULT. ypori-the: pectin-en:9e 9f ap PefaUlt anti ag any :time thereafter, f.:ender at Lender s apton, may
agora:se atiy orle :rnore•f the folIo.win9 rights .and rernedies, in addition to an other -right S :dr rentediet provided by itektk.
.Adcal tate indebtednete, Lender shall have the "right at it anti:JR Without no:tite to Borrower br in) -declare the entire Indebtadnee.s
itrunediatelY due and. p.a.yrible: any propaym.erit penaltylhat:Serrower w.ould be tandired to pay..
t100 Remodiee:, With respect 0::j. :ali or any part of: the: Per:Son:of Property, Lender shalt have ail. the: righte ahtl .retnediee Or a Se.ctired: ]Oarty
orlde•tha Vniforr:n COrni.PerCial Coda/
:PegeOt Lender shh have the right! Wf.thottt Potroe to Berrower Or Grantor, to take poses ion of the Property, Including :during: tba
pendency .of fore:cloture, Whether jilefiCier or neh.- and Collect :the: Rente, including arneunts past due and unpaid and apply the. net
prOdeeds, over and aboVe. :Landare ;cost against the- indebtadrieSe. 1.0: furtherance f thiS ight Larider may reedit:b. any :tenant or ether
user of the ProOarty" to Make- PaYr.hents 0 rent Or Use/feea directly to Larider f the: Rent s are ootleoted Grantor IrreVecabiy
.designatea T. ender as Granter's .attotneY-in-fact to .entIorse Instrurnerfts recessed tQC$ .ed n Payment thereof in the herne :P.f Granter .and: 19 :nage:date
the settle argi ,o0Itoot th e :groteeds. Po.neets bj tenants Or ether :uSers: to Lender in .tetddnee to lender :s demand shall satisfy the
obligations for Which the pe.yrnerrte are rn.pde whether or not any proper grounds: for the demand oxieterl.. Lender may .0-xeitiSe its rights
Under "thi "elther" li p.erS9.fl byagent, or through: rePeIVer.
AppOint: .Lender shall: :have. the right :to have .a receiver appoirited: to take possession of all or any: port of .the :Property, with the
pewe to protect. and preserve the Pr000rty to Opetate the Property preceding -feracieSur r sa 'id to P011ect..the. Rends from the
Property end apply 'the ..prOcaetts, over and above the .cost ef the receiver:SI* against the :Indebtedness. The -tear:IV May: SerVe. without
bond .if permitted by Jaw; Lender's right to the -appointment of a receiver Shall exist whether or net the :a.pparent.' value of The Property
exceeds the tridebtedneSS by a SUbStantial mount RinplOyment by ;t.ender.shalt not disquePY a person from:eeryMg as a receiver::
Judicial' Foreeloetite... tender may :obtain :a jUditial decree fOr.eclosing 'Grantors interest fn. all or .a:ny" pert. Of the Property.
Nortjudielel Sale. Lender May" ferdolose .Gran.tees" Interest 'in all o:ro a.ny part of the Property hy norguciicial sale:, and specifibally" hy" "power
.ef Or ''edVertigernent arld.Sale ferehlettire.85 provided by :statute,
Deficiency judgment. if pen:ratted by applicable laW:. "Lender: May Obtain a Judgment: for any .defitieney rertfaining in the indebtedness due
Leridor after application of nJl arnounta: received fr4oro...the exercise of the rights prided fo this
leosopy.:At Sufferanee, If Grantor remains in. poseee.elon ofthe..PrepertY afte.r "the:Praise:try ie SOW as provided above or Lender .OtherWise
entitled to possession of the Property upon default of Borrower or :Granter, Grantor shall 'becom t.e.nant :Bt .:sufferance of IIender:
or the purchaser Of thePropetV and hall aftender s optlon either pay a :reasonable tenter for the use of the Property tir. (21 vacate.
tha Property irrana.diately :upon the of .t.entier:,
"Safe ef-the Property. To :th e :extent perathted by applicable :law, t OrraWer. and .Grantor hereby waive any. :anti all frigfit:1d have •the ,Property
:marshalled in exercising: its rights and -remedies, ,Lender :shall be free to sell' all: pr .any part of the Property together or SeparetelYi One
sale .or".hYseepa.rateseilee„ Lender shI1 be entitled to bid- at any pqblic sale on :ell or any .portion of: the:.Property..
.419.tiCe ef•"$pie., bender shall. give ,Grantor reeeePehle" notice of the time and' piece of any public: sale. 9f the: ;Personal Property or at the time"
alter which any i private .saie or other intended...dispotitiOn of the Personal Property' is to be :Made. Reasonable riptide shaft:mean netice
gi'yen at ileaet. ten (I (.5) days before the :time of the sale or disposition. Any Sale of the P.ers.00si Property may be. Made: in COnjtirletieri. With:
arr' sate .0' the Ftea PrePertY.-
Election of Remedies.: Election by Lender to :pursue any remedy ehall not exclude: pursuit of any other remedy arid an .01 r rnalge.
ekpanditdree. Or: to "take action to perform an 0:Wig:abed of Grantor under: this :Mortgage, after Grantor failure to perform,. snag not affect.
Lender e nghr to declare a de and exorcise its rerne Nothing tinder this !Mortgage or otherwise shall: be construed o as th.lithit or
restrict the rights and remedies available to Lender foflowng ad :yent .9f petpUlt. or :in any way to limit or restrict:the rights and ability of
Lender- to proceed directly: againtt .Grantor. andfdr Borrower andior .againet any other 0o7maker„ guarantor„, :surety or endorser." andler to
preheed againet any :other" cameral :directly or :indirectly seourino. the I.ottelytedness.,
Attorneys' Peas; Eicpensoa:. ilf Lender ihstitotea any Wien enforce.: any of the tetrria of *ails: likortga00,. Lender shat f he entitled: to
recoyer such porn ap: the coot may adj9dge reasonable as attorneys fees at trial and upon: any appeal. Whether pr not any .o.ourt. action: is
involved, and to the :65(tent not prohibited by:16W, all reasonable eXpetiseS :Lender' incurs that in Lender 's .opinior are necessary at AnY'liMe
"far "the :protection of its: interest or the enforcement of its rights shall bee.OMO. a part. Of the itidebtednes:s. payable on :demand arid Shell beat
interest at the Note rate from the date of the expenditure repad Expensea covered by %ie.:paragraph ittolutle,. without Iiroltation,
however subject to any %its under applicable "IOW Lender's reasonable attorneye fees end Lender 'e least expellees whether or not there is
a TaWsuit:,. incIudrog reasonable .ettoroays fees and :expenses fOr bankruptcy preteedingt .effete to. modify .hr Vacate :any.
automatkstay or injUnction appeals i and any anticipated F.ipstjudgment collection: e.e.rviceS! the cost of searching records:, obtelnInq litre
reports pnOludirig foreclosure rePertal, S.i reports, and: appraisal fees and title insurance,: to the :extent perrnifted hy Cp:plitlehie laWF
"Grantor' also Will pay any :court Chan, in additfon re all other sums :provided :bylaw.
MORTGAGE
474O21 1 nontinued)
Pau 0
19 ge
An :rieffee requfred 1 be giVen .underthie :MOrtgage, inClUdirig Without limitation an notite of dela and .arty o.iice .f §ale. §half be.
given fp w.rifirigi and shelf. be effoptiYe when actually delivered When actually received by telefeesiMile iu.riless.-Otherwiee. required by tam,. when
deposited WW nationally recagril.gO: overnight when tdan.OStfac.1 n t e t.initad **at kss ctifed Or
regiStered :E11)) postage prep aid directed to the 'addretaes shown friaar: the begirining: of this MOrtgage, AU copes no of foreclosure from
the 1.:xo:l...4or of any fen w:hiah. has priority over th is: :Mortgage :sflaii be sent: to Lender's 0:ftfe:S.g, as shOWn ne.ar th e beginning of ths Meng
Amity party Pal( change address fgr nntl9eS: 'Linda(' this Mortgage y gv format 'Written notice to thP Other.: pertieS, specifying: that. the
outvote .af. the notic e is to change the Oarty.'S addte§s.. Frit notice pbrpoSe.s„ Granter agrees to keep Lender inf errn..aq all.: tiMPS' .prenter!
c:kirrent address:. :LI.niesa: otherWisa .pr.o.vicied or required by there Mate then ttne: 6ranter any hotlea given by Leritier• to any Grantor is
•desen10.: te POTioe gfsen tq Of grantOrS.,.
ISOELLANEOUS PROVISIONS:. The fOltoWing .nliscellaneous: oroViSions are a part of this 'Mortgage;
Anterldixients. This Mortgage, together with .a.ny Related Obeurnents;,- :constitutes tho. entire. .understentling: end egreemontof ths .parties:
the matters set Teeth' in this: -Mortgage, No alteration of or amendment to this Mortgage shell be :effective: unless g an m vkiting: and
„Signed by the party parties: sought to. be: of:verged or bound by the 0i:tort:bon or a itiencitherit.
.Antitief fiepOrtS„. If the: Property is used for purposes other than: Grantor's residatioe.„. &a Shall fut.nish TO. ..Lender,- uPon. 'reque.§.t, a
:certified statement •qt..r.tet operating :Income. received from. the- :Property during arentor's previous fiscal year in .suet form: mid dtal es.
Lender shall ter:mire, l':Net operating jripoitte" shall' :rri.eart all cash receipts from the. Property less all cash amenditures made n connections
with the: o:peration .of 'the i4roperty..
:Daptiori Headings. headings in this Mortgage. are far convenience :purposes only and are no :to be t to interpret or define. the,
prOVISIDOS Of' this Mortgage.
:00.9erniitg LAW.. ThLs. Mettgage"Will be governed by fader-el. JAW .aPpliCabla to Lender apd. le- the .thdent not preempted by ieddra aw, the
:lawe of #M•'$10:fe. of wv9rfilug wthou rejar to ts OettillPta. law PrettisiOrkS: Thzs Mortgae has been accepted by Lie r 14160.S:tate of
Wybming
Cheica: of Venue.- there is: a :I Grantor agrees. upon Lender's yequest tP. Submit to the jurisdiction of :the courts TOWS). County, State Of: WytirrilIV.
Joint and :sever. at Uability. Alt obtigations of .Borrower and Oren :tinder this. .MOrtgage shall be pint arid :seVeral„.. and. all referen.cas o
Grantor shelf mean every Grantor, end alf references: :to Sorrower :shelf mean :each: and every .aortOWer. Thit. theariS that each
Grantor signinj blow is esponsIPI.e. for all ebligatiena tn this NIO.r:tgaget. Milletre any on or more of the p:orties is a .carperation partnership.,
limited Jiabkty company or similar :entity it is not necessary for Lender to it into the powers of any of the officers, ditagtors., partners
theraberS, or other :0gents eeting Or O.LirpOrting. TO act on -the .entity's befralf, and Orly Cibligatieria thada or created in TeRande .upon .the
professed exercise of such ,p.owers: shalt be guaranteed under his Mortgage
Waiver by Lender, 'Lender shall not be deemed ..to have waived any rights under thie Mortgage :unles.s" such' Waiver Is given In writing
end :Signed by Lender.: NO .delay or omission on the part of Lender in: exercising any right snail: operate aa a walver of such rigiq: or any
0:thr riht A Wa.Ner by :Lender of e ProVratn f th Motgad shll net prejOdiee :et :Catistitute. 'eher of .Lenders right .9thetiNiSe tO
demand strict cor.npliance with that prevision: or .any other OrOviSktn: of this: Mortgage... ;NO pf.tor Wives by Lender, nor any OtiUrea of dealing:
:Pr.:anter shall constitute a Euver af any of Wn.qer's. :11.0* or or any Of OrenOr'S obligations as to any :f0vre:
AreitSeotions.. Whenever ttir'..5 bonsai of :tender: is required under this :Merl the granting of such :cOnse Lender in any 'instance
:shelf pot constitute continuing consent tO SUbseguent.: in Whet:0 such consent is required and ni aU ce.ses. Such 6011 May be
grepted:pr Withheld: infthe sole clisoretiOn of Lender,
Severability, .If court: of .corripetent ..iursdietion finds any provision- :of this: Mortgage to be: illagah. invalid, :or unenf.orceable: es: -to Any
.6irefitostante„ that finthng Shall not make -the offending prOViSion illeg.01. VI or unenforceable as to any other eircomstan.ce. sts:asibIe
the: offondino provi oho: be considered modified Stu: that it becomes Ieje, valid. and enfOrteabla If the Offending proVialbn Carina be so
:rnothfted t shall be. considered :deleted from this. Mortgage: Unless otherwise required by Few.k: the illegality; Invalidity:, or unenforteability
.of any. prevision Of this .Mortgage shall net affeetithe 1egaIity validity :pr enforceability of any other pro:Vision of this ;Mortgage,
Merger, There shall be no yrietget of the:interest or estate pretei y this: iNiortgage with .an. y other interest. ar estate :in the Property at any
tithe: held by .Or•io.rthe benefit. of 'Lender :in any :capacity.:, .vtilthout the' Written donterit Of Lender..
StreCessos a Asaigos. satife•ot:td apy iiroitatiatra stated in: this :Nibittgag:e on transfer Of drentor'S.. interest, thiS Mortgage .shall .be binding
noon and inure: to •the benefit of the •parties e their .successors and assigns:. If ownership of the Property heaornes: vested in a.: person Other
than qrantor, Lender, w.ithout notice: to .Gr.antot,• may deaf with praqtp.ra. :successors w:ith: reterenca to stiffs. Mortgage: and the: Indeb.feriness:
by Way.bi fat:he:althea or extension releaSitig .bratiter frorntho ObligatiOrt .6f :this. Mortgege:.ot liability under the Indebtedness,
Tithe. IS of the Eaten Time ie of the essence in the perforrnanee .of.thiS MOrtgage,
Waiver Of liornesed Exemption. Graritor hereby :release§ arid. WeiVes: el! Jhts ard benefit ofthe homestead .e:cerhotion. laws. -of the State-
ef WyOtning tis W. all Indebtedness Secured by this :Mortgage.
The: fo oebitalizeci words ant;I. term shall have the following meeninos. when 0s:ed in this. MOrtgag Unfess. SObeifi
stated. to. the ontrary, git: references tp.: dollar amounts shall mean amounts in !awful: money ofthe nited..States: of 8mtri.tt. WOtsio and torrna
used in the •singtiler Shag inellide the plurar arid the ortkai S include the Singular, as the contest: may Words and 4:.rrrie nut otherwise
:datinetl in thiM agage Shall :have:the roaaniria$: atfdbuted to sildh:ta:trtia fit the LfnifOrth Commercial Code BroWet, The word mans. J.. K. investments, LLC, .a .Wyornino 'Limited LI:ability Coinga Jake Hansen.. and .iriclud.es
cosigners and :co-makers signing :the 'Note: and :all their successors' and assigns,
Defeat The word "Default" smeans the: Default set. forth in this Mortgage in. the septiOnlitled. 'efauft".
:Enviropmental Laws, The words 'TPYITOPMerital Lpyve mean any and all: :St ate,. fb.darof end final StatuteS., Mgt/lit arid ordinances
relating to •the protection- •pf Nubian health or the environment, including Without limitation: the :qproprehertelye Ewrcnnental Sesponse,
.tornpensatiOri„. and Liability. :Act: :of SSD, es.. :amended 42 SeCtfori the SUperfand Arriendreient§ and
Reauthorization Act of 1966 Pub L.: No :the Hazardous Materiels.: I:ran:spotted:On Act„.. 0 0 S C S. 801 et :sett.,
the Resource Conservation and Recovery ACt, 42 $pefjp.Ft 8901. .0 seq.., or other applicable state. or federal laws, rules,: or
adopted ptiratia nt -thereto.
Loary 474p2p11
Of Oef.%* The winds '''EVO.1.11: Of 1:10./Olt" mean ieby Of the events of default set forth tbiq.: •MOrt lb the events qf .default
section Of tf...4 iM94949e
:Grantor.. The-wool "G taritor" tnetios K. Investments; .1:1A7';•:, a Wyoming tirolted Oatrwany.
r.O.o.t.y. The word .1 .Gu:r.irentY" manna the :waxer .from 90erantOr:,, OndOraPr, soraty„ oaairamodation. ii:arty to Leittle4
WithoLit tirrii#4bri a guaranty of all r part of t0e• NOP,
Hazardous Substances. The words '-':ltiazardous obstances"-' mean: roeferiOs. :that, 'because of their :gyantitY:. :ConCentrafion or physical,
ihemiel .or ntectus OilaraateiatiOa may cause or pogo .a pnasent or potential :hazard to hymen :health: or tho. enyiroornegk when
irriPrOPArty, tra.E.3t.E.A. stored .01SPOse.d- Pf ganeratal, marti;00oturott, var.iaporte.d o oif)e.twi The words •":Hazardous
&theta:Ogee are used tn the very broadest: sense and inclUde without iiinitatiOrr. Any and :elf :hazardous or toxic :substancesk. :Trigiterta :Or
waste
as defined by or listed. under the ErwtronmentAl LaWs. The term "Hazafdous :S.Obstances" also includes, without limit:Atom, :petroleum
and petro1um. tN: Or yractJn.theeof and •oseeatos:.
frnprovernero.: The word: "improv.emente means aii edeting and future iinprOmerterita, buildinas.,.:stifrictureS, rhObile. borne :affixed on the
F.Ig0:PP9PeXtYt faoiJtiee arldltionb rOiRtaPBOTOrit:P: *ertd :Other oPPs.4.oOti:Ol1 on the Real Praparty,
4)-40tqchle.s.s. Tha word 9 f.P.O.Plge.dpese Ingen.s: .a1.1 interest. and p ar000ts .00sts :arta exponSeS p.ay.abito :Litidar the Not or
Related Dbutiferitq. together with .6.11 renewals of :exten0ane::•of.i. mo:cliffeatione: of, cori$olidatiOns: :of and .-s:ubsiltutions: for the Note or
Related .aomitriams arid any amounts :expended oradVaOted by Lender ro diaoh4toa: Grantors -Obkationt or expeosps: .inco.rredl?y Lender to
enforce .Grantors obligations under this: gortgage to.gether with Interest n oh. nts a provided in this IVIOr:cRege•
:Lender. The w.ord Lender means: Rocky 'Mountain Rantci ts $.U.O-OeSSOr.$: and asoigno.
Mortgage. The word "Mortgage means; this: :NIfortgage: betWeeri: Oral:dor: amid :Latidor..
Note, The ord: "Note means' the prorr.iisa.ory. mom .ttatad ?Se:Preen:bet 1 2014, :in the original prinoipal amount of $20;000.,Q0
:from' orrow to :1,:POderi,: together with aft renewdib of eKteriAiOna of ro:Pdifiegfions ot refinencirlOS.01 :00.0sOlidatiOna Of, end :8:thatitOtiona
for the :promiSrthry nOte dr agre'ernerit. :NOTtCE: TO GRANTOR THE 1\10-TE:CONTAINS A VABIABLE INTEREST RATE.
Perebrial: 'Property. ',Me: -WO '''s 'PerSOriar.Property.. -roger) all egurprnent, fb.ctures„. and other articles of persp:9ar property' now or. hereafter
owned by Grantor,. and how or hereafter• attached or afixed tO. the keal Property together With all aceeSsTpria„ parts -and' T000 to all
repicernent of, and Alf opb.slitutians: for any of each property.; And to:g:a.ther wtth If proceeds withtilit• l3Mit4tion all insurance
neris: and refunds .of from any qale or other •cttspositiop .ofthe. Property.:
Pr9POOY.:!: The vvPrd. Property rnreans QofleQtvey the Reat Property: and f.IP,• Personal .Property.
Rea/ Property. The .words, Property' mean the. reel :property:, :interests and tights-, as further :deeeriOed in: this Mortgage.,
Belated. Vi.ocurnents; The. worcla 06cumerxts,' rrrean ell promissory note:s, 'credit: .egreerner.i.ta, (Oen: agreements, anii.froftalopta1
gprbeffretIte, gttaitantieq, security agreafrienta-, rnortages #peds. of :4140 security .doeds,...cottfor rport90gaa, and all Other inefroments:,
egraeroente: god tiom700.170.,. Ar‘thettler :r10Ir;r :or hereafter existing.. ene(ttCd in .darinebtltrri With the ilf4d.ebtectrie6s.
Rots:, 1 word "Rots' :m00:as all oyea0rit. .fauta rera, reVent.r.e.e, prOtits, and other benefits dedye0 frorr..?
'the Property;:
GRANTOR ACKNOWLEDGES. HAVING READ ALL MOVISIONS OilS 'IVIORTGAGE:, AIVO' GRANTOEt: AGREEg TO ITS *TERMS.
el3ANTOlt
ORTGAQE
(Continue.d)
:Page 7
Loan Not::• .47402514
:$fata �f
i
coppy .0f'..
No.:ol.Y.TOtarA
00:009.Vi'40501
My
zsta",m.„*.....xzuwestay.mvs•oz,zek:w.N.\\S$0.4.v)...
MORTGAGE
(Contintied)
LIMITED :LiANLITY COMPANY ACKNOWLEDGMENT
This instrumeat:.was: acknowledged bafore me on 1 (ctate hy Jaiie Elonson", Metnber. of Al. lnvestrneritS ILL" a
Wyoming:Lift Liability COP
(NPtarial:SpilATP,P!
My:Pormigsion oxpire41
:e.
4.
X ,..1.` t
Noe
Le:SerPr0 1.4:$.10:0Q3 coor, 1:)+ 'USA. cotO0r!ation:1997•,, 2014. All :BightS R€id. l'AtY 111 ;000
PR
EXHMIT
Apar:don. of the NW,V4.$W1.14 :Sixth :Principal Meridiati itn, Lite.ok.CatitY,
and being tom partiodarly desoribed as follows:
1$0:0.4.titlg 4t pomt 538 36 :f6:a South from the West guarteg. omer.:ofsaiA Sego,
nogoo gio.rig.aa oppoiinate:Tenee irne 460,51 .tePt;: VIPIXOP:0 '30 W 1.$9-,80 feet to a point.
n 459 51. s, woven, wire $01001: Tho.ge along jag., said feno. tb:P:
feet to tie Vest iine: of said Section 1.1; Tilenec North,..41o4 1at s4 WAstlin;. i59:8.0' feet to tho:ppitif of
laniArking
.Also:: Ap.ortion othe W.14Wii4 OfSgetiog tiV at 1.9W SixtiPriticipal MOdig/0g
:ano56iill deserib:ed as foUows l3egrnring at 4 P:OiAt 6.:00 feet. gontl troi
the West quarter oorner 14: Tlio.D.o.:riviniug.:Q4a 09.5$ feet;
747 .feet to a point :oet Thetlee:W '82'41 '157 W, 4ong said
:ferpe:.a.40: t4e...wo.stogy:volotgatioxi..:thote04 21.$5x51 :felt to the 'West line pf The:acp N'Otth., along
:SO4 Wo.st:Iii'j.A to the PODIT• Q B1
is a4 Zteqting: fiOnl tlw two. tracts: .deseribed abpv..e: ttiat. p of latid epoeyea to: Lincoln County, recor00,
Mgust 6,, Book j7ppp pt0:1,60:,