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<br /> LEASEHOLD M01UGAGE
<br /> fler RecordNlion Relurll to:
<br /> 'irst Community Bank
<br /> ""'P. 0. Box 4327, Batesville, AR 72503-4327
<br /> boRttOLVlai � : MORTGAGOR
<br /> Lockhouse SOBA, L.L.C. Lockhouse SOBA, L.L.C.
<br /> 150 Riverbank Rd.,. Batesville, AR72501 150 Rlverbaak Rd. t
<br /> Batesville ..AR 72501
<br /> '1'BLBYIIONN NU.. ri;. IU[Nf1fIL'A'rIUN NO ..;:< ': T[L[PIIONB NO ^ - I'II[ Yll'A'f1UN NO..� ..: ::. 5
<br /> In cuasiderstioo of rhe loan or sillier credit acconuuuJciton beralnsfer specified said any failure advances or future(Ihlignliuns, as dcfined heron,
<br /> which may here•Ocr he advanced or Incurred $list other gxgJ a mJ aivahle ytul gab • r cel a gust �rL4fancy of will• ra hereb
<br /> a,; wWayIeJgcJ,Mut�g 1 I�p«(,Yy�g/rgaNs giul uwrtgage&to PV I:OIDAbl" H7 BaaKs r. b.Ihox 431/, riflteSV�lle, Y
<br /> J�IfaIISBS 7[753-43[/ ('Lender').
<br /> Willa Power of sale gild right of e.alry and possession ala of Mortgagor'& Inhere&I in tial certain lease described In Schedule A lilac 'Lease'),such
<br /> koseliuld estate lacing located on ilia bold described hr Schedule B(lilt "Land')mlcilacr Willi all present said (dura ie nanenta, hereditame ota, and
<br /> gppurteuances; &aid ilia «versions, remainders, gels and prulils pellaining to ilia goal prupaly (cu11udatively 'PrullCoy');uulil paynaeut In fall of ell
<br /> Obligsdous secured hereby.
<br /> Miurcover, to further considemilon. Mortgagor stns&, for Mortgagor and Muriplur's beim, representatives, successors ■nd Actions, hereby
<br /> expressly warrant,eovauul,said agree Willi Lender end its successors said assigns as follows:
<br /> 1. OIILICATIONS."this Murlgag• gbtdl secure he paymenl said performance of all prescto sold !Aura indcbtedaess, liabililics, utihigaliOtts said
<br /> cuvelaanls of Borrower or Mortgagor(euuudalively'Obligations')to LenJer pursuant In:
<br /> (A)Illi$Mmzggge gild lilt following proud&aasry notes and other ggreenisaW:
<br /> Tl'F111�11TWIPAcdtif()UNT/7 !SINE 1— fifURt7Y? 11977)KIEV,.
<br /> x�IB cxiBtrr�.InL'1 - � �tiN1)1ij;( a:'Nunlutx .. -_runnux
<br /> 8.001 $ 400,000.00 10/25/2001 10/24/2004 3001868
<br /> (b)ii(olTiu liiasem sit future written agrceurenu wulTidci wGleli«icr spectflciTly In iso uilgage (ulicllier extruled 7u�Ibe Sanaa$ air
<br /> diff:reol purposes than The fureffulug) ;
<br /> (c) oily gularauly of ubligaliuus of other politics given to Lentler now or lereslter executed which refersto this hloogage;
<br /> (d) future advances, whedsec obligatory or uplimul, to Ilia &auto extent as If nude contemporaneously wills Nle execution of This Mortgage.
<br /> made or esasoaded to or un behalf of Mwlgagor us Dairrlawer. Moogggar agrese that trout of ibe Obligations is a line of credi[, ilia lien of This
<br /> Mortpge Stull continue until psynwm In full of all Jcbta data under Nle fins notwhhstauding ilia fact Nut frum lime to slow (but before
<br /> lefuaivaltun of tbs lilac)no balance assay ti Ityy ng00 AI no lime & licitof tills Mll Isle licit n
<br /> le, ut including aoW
<br /> uua advanced dvnced la protect
<br /> the security of olds Moolage, exceed f f g u ' ;slid
<br /> (c)all ameudments,extensions,renewals,modiftcalimu,replacements or substitutions to any of Nat fureloinl.
<br /> As used in[his Paragraph I,ilia formol Mortgagor and Borrower slull Include gaud also illegal any Mortlalor or Butruwcr if ttwre Nun one.
<br /> 2. IIENIISENTATIONS,IYARRANTIISANDCOVENANTS.Mortgagor represents, warrsms sold cuvemslas to Lender Nu[:
<br /> (a) Murtgalur $licit nutnlaln ilia Property free of all lieu,, securely interests, encumbrances said claims except for this Murtgage and Norse
<br /> Jesciihed in Schedule C which is galacheJ to this Mortgage and Incorporated herein hay reference, which MoNgelur agrees to pay and perform in
<br /> a limcly manner;
<br /> 00 Mmtgagur is in cumpiiauce h.all«specs will.all applicable federal, close gild latest laws and «gulstiuus, Including, Willmul Iiudisa{on. Ihuse
<br /> iclaltng les '1181.411ous Molc.ials" as defined hercha, and Other emviroomadal mallors (tile 'Gnvirunmentat Laws'),still ucithcr lime federal
<br /> govenaiticul nut lite$[ale whore ilia Prapeny is located nor Any other governmental or quasi governmental enlily has filed a licit un Iha Propemly,
<br /> oar are there oily governmental, judicial or adn.inislrative actions with respect to si nviromntenlei mailers pcndimg, sir les Ilie ties, of the
<br /> Mougagur's knowledge, thnulcucd, which Involve the PrnPaty. Neither Mortgagor star,10 Ilia best of Mutlgogur's knowledge, soy rumor early
<br /> tics used, gamers[ed, released, discharged, sorest, or disposcJ of any Ilamdous Materials as deftued herein. In connection Willi the Puopaty or
<br /> lunst sled any HoLardoas Materials to or(rung Ilse Properly. Morlgngur shill 1101 comuui[ or peoutl &licit actions to be liken in time future. The
<br /> le nu "Hazardous Materials' dull mean oily substance, malerial, or waste which is or becomes «gulsted toy any governmental smhorhy
<br /> including, but nos liodi.d to:(i)psaralerru.; (ii)[liable or rwnrrigble agbeslos; (ill)pufycldorilaated biphenyls; (Iv)those substances, uultlirls or
<br /> WASres designated a a 'hazardous urbsuince' pursuant les Section 311 0f if,. Clean Water Act or listed pmsuwt les Section 307 of ilia Clean
<br /> Water Act or city aneudmstms or rcptaceuiaata 10 these a[amles; (v)allose substances, nulerials or wastes dernned as ■ 'hazardous waste'
<br /> pursuant les Section IW4 of mite Resource Conservation said Recovery Act or stay autendmellis or reptacemclals to light statute; slid (VI)Haute
<br /> substances, niaferials or woks JefineJ as a 'hazardous substance' pursuoiN iso Seclino 101 of the Co11grrthensive linviruamemal Respuuse,
<br /> Cumpensalion and Liability Act,sir oily eniandmsod■ or rcplaccuicmus to[flat statute or city other slamilar Slate sir federal statute, rule,regulation
<br /> or osdinaec now or hereafter in effect. Flursgalor 611411 not lease or Penult lite arbleae of ilia Prupaly Ila a tenant or sublenoul whose
<br /> opantions may result in conlgnninaliun of Ibe 11noperty Willi Hazardous Materials or toxic substances;
<br /> (c) All applicable laws said «gulsNous, including, without limitation, lite Americans wilt Disabililie& Act, 42 U.S.C. 12101 of «q. (sand all
<br /> eguialium promulgated thereunder) gild all zoning gild building laws And repstalluns «Icliug to ilia Property by virlue of any federal. Most air
<br /> nwoicipai authority wi[h juristlicnio I over ill. Properly, preaeunly are anal dull It. ubgerved aid compiled will,iso all hula lel resfecl., so.d all
<br /> iphlt,licenso, pentiils, gird ealifc.lea of occupancy (Including but 4101 Iimtled to zonlug variances, Special exteptioua for 0unconfonuiu6 sous,
<br /> J final inspec[ior4 approvals), whether Icugmrsty or pennanenl, which are nulefial to like use and occupancy Of the Properly,lirescutly arc and
<br /> 11 be obtained,Preserved said,where necessary,renewed;
<br /> Mortgagor has tine right said is July oulliculmJ to execute and licrfurnt Is Obligations muter this Mloagage said Ihese solitus Ju also slid dull
<br /> out conflict with the provisions of any staude, regulation, ordinance, nda of law,contract or other agreement which may tog 11164,11,19 an Monlagor
<br /> M ally tittle;
<br /> (e) No action of Proceeding is or 611611 be pending sir Ibreeleued which milbl nukrially affect ilia Property;
<br /> (h) Mmigagor is the owner of the tauni's inleresl wider [tie Lose said there are un defsulls slereunder. Murtgagur has g u i hf a J Im f
<br /> authority to gnnl gild convey its interest ha Ne Luse slid the Slowing of Ills Morigagc is out in violallou of any provision or alit bus
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