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<br /> LEASEHOLD MORTGAGE
<br /> :er Recordation Return to: '
<br /> FIRST COMMUNITY BANK
<br /> P. 0. BOX 4327, BATESVILLE, AR 72503-4327 S;23
<br /> BORROWCAi?.:,
<br /> LOCKHOUSE, INC. LOCKHOUSE, INC.
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<br /> 140ttl I$"STR$ET, EAT'& d 72503 140 DIXIE STREET, BATESVILLE, AR 7250
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<br /> ' 71=0828585
<br /> In coutidersllun of use loan or oilier credit aeewnmodallon hereindler specified and any future advaeas or future Obligations, as defined herein,
<br /> whicb may herealler he advanced or Incurred and aper gooand S 2170ncy of wltch aro 'totally
<br /> ocknowl d d Mort nmol rereb w-14 122 ad mortgages to NI�_�T (UMMUNITY BA)�EC ,� (1 An7C G127a RA,TESY7bLR,
<br /> �1kANSA� 7250y3-4 i?7 (•Leader'),
<br /> with power of sale and right or entry sad posseealon all of Mortgagor's Interest in that etriaht lease dexetllied In Schedule A(Ole 'Lease'),such
<br /> katehuld estate being located on the land described ht Schedule B(the 'Lasd')tupther with all present and Pilo re tenements, heredilaments, and
<br /> appurtaancas; and the reversions, remainders, reals and profits pertaining to du ml properly (cumulatively 'Prvpany');mnO Payment in full of ell
<br /> Obligations secured hereby.
<br /> Moreover, in further consideration, Murtgngor does, for Mortgagor std Mortgagor's heirs, represcnladves, successor# and assigns, hereby
<br /> ,.nressly warrent,covenan(,and arse wish Lender sad Its#uecesoors and aasigns as follows:
<br /> I1LIGATiONS,This Mottgago dull secure We payment and Performance of all present and future indehtsdnere, liabilities, obligations end
<br /> tams of Borrower or Mortgagor(cumulatively'Obligaliuni)to(.,ender purauaht to:
<br /> (a)this Mvrl$wp and the following pnunissory rola and other agreeraads:
<br /> --1R'fTR1'3' l7(INi.IP ,, TUR 1; (IST�SM �f n
<br /> LtATB .Ill?1]li uh1IT-- - .t'•'R IlSN7 i7/2000
<br /> ( '°3%s "• IIIFl8.002 $250000.00 9/7/1999 3000584
<br /> ( a ler present or tun wrakn ■gras uente wh n n er w sac h re er spec ¢r y to w atigage n neither execul or ilneiause or
<br /> different purposes than Use foregoing) ;
<br /> (c) any guarenly of obllgedons orother parties given to Lender now or hereauer txecuded which reran to this Mortgoge;
<br /> (d) ILtune advances, whether obligntory or updonal, to die some extent as If made conlemporaneously wills Uro execullun of this Mortgage,
<br /> nada or extended to or on behair of Mortgagor or Borrower. Mortgagor agreed that if one of Ilse Obligations is a line or credit, the lien of this
<br /> Mortgage shall evnsuos urnll payment Its flit or ell debts due under the Ilase notwldigusding the fact dust from lime to thine (but Iscrure
<br /> letmination of the line)no balance rally be: 3�tb1staadln AI no lime dull We lien of ttia Mortgage, not Including ■utounla adva—d to prulecl
<br /> the security orthis Mortgage, exceed S�L,21 OOfJ�On ;and
<br /> (e)fit amendm.nu,extensions,mrsew ls,modifications,replactsnents or substitutions to any orlbe foregoing.
<br /> As used In this Paragraph 1,We terms Mortgegor and Borrower abelh Include and also mean any Mortgagor or Borrower If neuro tun oat.
<br /> 2. KEl'IUrSENTATIONS,WARRANTICSANDCOVENANTS.Murlgger represents, warnuts end covenants to Lender dial:
<br /> (a) Mortgagor cull maintain the Property free of all liens, security Irdensls, encumbrances and claims except fur this Murigege slid those
<br /> described in Schedule C which Is attached to this Mortgage and Incorporated herein by reference, which Mortgagor agrees to pay and perrunn In
<br /> a timely manner;
<br /> (b) Mortgagor is in compliance in all respects with all applicable federnl, state and local laws slid regulatimns, Including, wldwut limiuson, Ihore
<br /> refining to 'ilvArdous Materials,' as defined herein, and other environmental maven (Use 'Eltwironnhewal Laws'), and wider Oe federal
<br /> government nor the state where Ilia Property Is lucoted dor any other governmental orquas guvertumental esuity Tisa filed a lien nn die Properly,
<br /> nor are tore any govennnemal, judicial or admininntive actions with respect to environmental mestere pending, or las ase beat of the
<br /> Motlghgoc's knowledge, Ulrestenled, which Involve Out Property. Nelther Mortgagor not,to the beat of Mortgagor's knuwicdge, any other party
<br /> has used, generated, released, discharged, stored, or dhposed of any Hazardous Materials as defunct herein,in eumicctivn with the Property or
<br /> tro sportcd any Iloardous Materials to or fronn tho Property. Mortgagor sufl not eonunit or permit Such actions to be taken in the (blurt, Tins
<br /> tern 'Hazardous Materials' shall mean any subatsme, mslerist, or waste which b or becomes regulated by any governnenul authority
<br /> including, but not limited to:(1)petroleum; (ii)(liable or nonfriable ssbestot; (til)polychlorinned blphenyhr; (Iv)those substaeed, materials or
<br /> wares desigasled as a 'hazardous substance' pursuant to Secooir 311 or the Clean Water Act or listed pursuant las Section 307 of the Clean
<br /> Water Act or any amendments or replacements to these statutes; (v)those iubstimees, materials or wastes defined as is 'hazardous waste'
<br /> pursuant to Section 100si of die Resource Conservation and Recovery Act or any amendments or repdaeementa las that W■tute; and (vi)Uwe
<br /> subducted, materials or wanes defined as it 'hvudous substenes' pursuant to Section 101 of the Connpmliensive Environmental Response,
<br /> Cumpcnsation and Liability Act,or any amendments or reptaceneua to(hat statute or any other dmilar slate or federal statute, rule,regulahiwu
<br /> or ordinance now or herealler in effect. Mortgagor cull not lease or ptrnh the Sublease of the Property to a lenan or subtenant whose
<br /> operaduns may result in contamination of Use Property widt Haaardous Ma(erislx or toxic tubsianeea;
<br /> (c) All applicable law, slid rclulmlons, Including, wlllaoul lunimion, Use Amerieau will Olmlllilles A,,,12 U.S.C, 12101 cl seq. (end all
<br /> regulations promuhgeted Uneteundet) and elle run;ng sad buiidlug laws and regulations relating to the Property by virtue of any federal, #laic or
<br /> municipal authority wldr jurisdiction over the Property, pretenahy aro and dull be observed and eonjilled with las all material rexpecds, sad all
<br /> rights,licenses, per sults, and certificates of oecvpomy (Including but not llmited to zoning vaisneas, special exeepnionu for noocou(uruing over,
<br /> and final Inspection approvals), whether temporary or permsnam, which are material to the use aid occupancy o(the Properly,presoely arc and
<br /> sell be obtained,preserved slid,where necessary,renewed;
<br /> (d) Mortgagor lies the right slid Is duly oullnorixed to execute and perrettnh its Obligations under this Murtpge slid Urose actions du not and shall
<br /> nut conflict with the provbions of any statute, regulatlon, ordinance, rule of law,contract or odor agreement which may be bludl,g on Mortgagor
<br /> at any time;
<br /> (e) No action or prrc.eding is or shell Ix pending or threaneued which hnigut naterially srfecl the Property;
<br /> (f) Morigagar Is use owner of t e lenam's Interest under Use Lea- end [hen are nn defavlts thereunder. Mortgagor has good eights 1 vfu
<br /> sulhotky to grant and convey its interest in ilia Lease and the granting of lldr Murdgage is not In violation orally provision of Ne Lease;
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