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MORTGAGE �� i �.�6 9 9 page �
<br /> (Continued)
<br /> DEFINITIONS. The following words shall have the following meanings when used in this Mortgage:
<br /> Borrower. The word"Borrower"means Gary P Hoos and Joanne K Hoos,and all other persons and entities signing the Note.
<br /> Environmental Laws. The words "Environmental Laws" mean any and all state, federal and local statutes, regulations and ordinances
<br /> relating to the protection of human health or the environment, including without limitation the Comprehensive Environmental Response,
<br /> Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, et seq. ("CERCLA"), the Superfund Amendments and
<br /> Resuthorization Act of 1986, Pub. L. No.99-499("SARA"),the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801, et seq.,the
<br /> Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable state or federal laws, rules, or regulations
<br /> adopted pursuant thereto.
<br /> Event of Default. The words"Event of DefaulY'mean any of the Events of Default set forth in this Mortgage in the Events of Default section
<br /> of this Mortgage.
<br /> Existing Indebtedness. The words "Existing Indebtedness" mean the indebtedness described in the Existing Liens provision of this
<br /> Mortgage.
<br /> Grantor. The word"Grantor"means Gary P Hoos and Joanne K Hoos.
<br /> Guaranty. The word"Guaranty"means the guaranty from guarantor,endorser,surety,or accommodation party to Lender, including without
<br /> limitation a guaranty of all or part of the Note.
<br /> Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity, concentration or physical,
<br /> chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when improperly
<br /> used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words "Hazardous Substances" are
<br /> used in their very broadest sense and include without limitation any and all hazardous or toxic substances, materials or waste as defined by
<br /> or listed under the Environmental Laws. The term "Hazardous Substances" also includes, without limitation, petroleum and petroleum
<br /> by—products or any fraction thereof and asbestos.
<br /> Improvements. The word "Improvements" means all existing and future improvements, buildings,structures, mobile homes affixed on the
<br /> Real Property,facilities,additions,replacements and other construction on the Real Property.
<br /> Indebtedness. The word"Indebtedness" means all principal,interest,and other amounts,costs and expenses payable under the Note or
<br /> Related Documents,together with all renewals of,extensions of, modifications of,consolidations of and substitutions for the Note or Related
<br /> Documents and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses incurred by Lender to
<br /> enforce Grantor's obligations under this Mortgage,together with interest on such amounts as provided in this Mortgage.
<br /> Lender. The word"Lender"means Shelter Financial Bank,its successors and assigns. The words"successors or assigns"mean any person
<br /> or company that acquires any interest in the Note.
<br /> Mortgage. The word"Mortgage"means this Mortgage between Grantor and Lender.
<br /> Note. The word"Note" means the promissory note dated November 3, 1999, in the original principal amount of $37,543.62
<br /> from Grantor to Lender,together with all renewals of,extensions of, modifications of, refinancings of,consolidations of,and substitutions for
<br /> the promissory note or agreement. The maturity date of this Mortgage is November 8,2009.
<br /> Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or hereafter
<br /> owned by Grantor, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts, and additions to, all
<br /> replacements of, and all substitutions for, any of such property; and together with all proceeds (including without limitation all insurance
<br /> proceeds and refunds of premiums)from any sale or other disposition of the Property.
<br /> Property. The word"Property"means collectively the Real Property and the Personal Property.
<br /> Real Property. The words"�J.,,�[D �Y"mean the real property,interests and rights,as further described in this Mortg34e.
<br /> te � qqu�ytent9 i'Tk�e��i'c�ai'•"�i lated Documents" mean all promissory notes, credit agreements, loan agreeme ts, environmental
<br /> �g e ents„�1u�'�rttie5,�.s�cur�fy a�re ments, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments,
<br /> gre�Qqts and documer�s,_w#rether:tiow or hereafter existing,executed in connection with the Indebtedness.
<br /> I��nts: 'The word"Rents"means all present and future rents,revenues,income,issues,royalties,profits,and other benefits derived from the
<br /> Property.
<br /> EACH GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MORTGAGE,AND EACH GRANTOR AGREES TO ITS
<br /> TERMS.
<br /> GRANTOR:
<br /> X
<br /> Gary oos,Ind' idual
<br /> X
<br /> � __
<br /> Joa e K Hoos,Individua ly
<br /> . , ,
<br /> , , �
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