Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing


Exhibit 10.27

 

Recording requested by and

when recorded return to:

Xxxxxxxxxxx X. Xxxxxx

Xxxxxx Xxxxxxx XxXxx & Xxxxxx, LLC

0000 Xxxxx Xxxxxx, Xxxxx 0000

Xxxxxx, Xxxxxxxx 00000-0000

 

Mortgage, Security Agreement,

Assignment of Leases and Rents, and

Fixture Filing

 

THIS MORTGAGE SECURES FUTURE ADVANCES AND CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS, AND SHALL SECURE AT ANY ONE TIME A MAXIMUM PRINCIPAL AMOUNT OF EIGHTEEN MILLION DOLLARS ONLY ($18,000,000.00) FOR PURPOSES XX XXXXXXX 00-0-0 XXXX 0000, AS AMENDED OR REPLACED FROM TIME TO TIME.  THIS MORTGAGE SHALL BE A “LINE OF CREDIT MORTGAGE” AS THAT TERM IS USED IN SECTION 48-7-4(B) XXXX 0000, AS AMENDED OR REPLACED FROM TIME TO TIME.

 

THIS MORTGAGE COVERS GOODS WHICH ARE OR ARE TO BECOME FIXTURES ON THE REAL ESTATE DESCRIBED IN THIS MORTGAGE AND ALSO COVERS MINERALS AND AS-EXTRACTED COLLATERAL LOCATED ON AND UNDER THE REAL ESTATE DESCRIBED IN THIS MORTGAGE.  THIS MORTGAGE IS TO BE FILED FOR RECORD IN THE REAL ESTATE RECORDS AS, AMONG OTHER THINGS, A FINANCING STATEMENT AND A FIXTURE FILING.

 

TO THE ATTENTION OF THE RECORDING OFFICER:

 

THIS INSTRUMENT IS A MORTGAGE OF BOTH REAL AND PERSONAL PROPERTY AND IS, AMONG OTHER THINGS, A SECURITY AGREEMENT AND FINANCING STATEMENT UNDER THE UNIFORM COMMERCIAL CODE.  THIS INSTRUMENT CREATES A LIEN ON RIGHTS IN OR RELATING TO LEASEHOLD INTERESTS, LANDS AND WATER RIGHTS OF MORTGAGOR WHICH ARE DESCRIBED IN EXHIBIT A HERETO.

 

This Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing (“Mortgage”) is made effective April 5, 2010 (the “Effective Date”), from NEUTRON ENERGY, INC., a Nevada corporation having a principal place of business at 0000 X. Xxxxxxx Xxxxxx Xxxxx 000 Xxxxxxxxx, XX 00000  (“MTM” or “Mortgagor”), to RMB AUSTRALIA HOLDINGS, LTD. a banking corporation organized under the laws of Australia, and RMB RESOURCES INC., a Delaware corporation (the “Mortgagee”).

 

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Recitals

 

A.                                   Mortgagor and Mortgagee are parties to the Facility Agreement dated April 5, 2010 (as from time to time amended, supplemented, replaced or restated, the “Facility Agreement”) among Mortgagor and Mortgagee, pursuant to which Mortgagee made a loan facility available to Borrower in the principal amount of up to Sixteen Million United States Dollars (US$16,000,000.00) among both the First Tranche Commitment and the Second Tranche Commitment, in addition to capitalized interest of up to $900,000.00, fees of up to $1,020,000.00, and closing and certain other costs and fees, which loan facility must be repaid according to the schedule set forth in the Facility Agreement and no later than the maturity date, as such may be amended or extended from time to time, of the Promissory Note given by Mortgagor pursuant to the Facility Agreement.

 

B.                                     In accordance with the terms of the Facility Agreement, Mortgagor executes and delivers this Mortgage as continuing collateral security for the payment and performance of all present and future obligations of Mortgagor to Mortgagee under (i) the Facility Agreement; (ii) the Promissory Note; and (iii) any other Transaction Document (as such term is defined below) (collectively, the “Secured Obligations”).  This Mortgage is intended to grant to and provide Mortgagee with the liens and security interests as called for in the Facility Agreement and Transaction Documents with respect to Mortgagor’s present and future properties and assets.

 

D.                                    The defined terms in the Facility Agreement shall have the same meanings in this Mortgage, except where this Mortgage otherwise specifically defines such terms.  All and each of the Facility Agreement, the Promissory Note, and the Securities (as such term is defined in the Facility Agreement), all documents from time to time necessary to implement each or any of them, together with each and all other documents which Mortgagor and Mortgagee shall agree, in each case as from time to time amended, supplemented, replaced or restated, will be referred to as the “Transaction Documents”.

 

NOW, THEREFORE, in consideration of the mutual promises contained in the Facility Agreement, this Mortgage and the other Transaction Documents, the debts described in this Mortgage and other good and valuable consideration, the receipt and sufficiency of which the parties acknowledge, and for the purpose of securing, in such order of priority as Mortgagee may determine, payment and performance of all Secured Obligations, Mortgagor, in consideration of the obligations and rights of the parties, and for the purposes described in this Mortgage, agrees with Mortgagee as follows:

 

1.                                      Grant of Security.  Mortgagor irrevocably mortgages, assigns, bargains, confirms, conveys, grants, sells and transfers to Mortgagee, and grants a security interest to Mortgagee with mortgage covenants and upon the statutory mortgage condition in, all of the following collateral (collectively, the “Property”) more specifically described as follows:

 

1.1                               All of Mortgagor’s present or after-acquired right, title and interest in and to the leasehold interests, unpatented mining claims, easements, rights-of-ways, licenses, and permits, whether owned or leased, all as described in Exhibit A attached to and by this reference made

 

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part of this Mortgage (the “Real Estate”), all unpatented mining claims and any amended, relocated, renewal or replacement unpatented mining claims belonging to Mortgagor covering lands situated within such lands (collectively the “Claims”), together with all of the uranium, U3O8, uranium bearing ores, thorium, and any other fissionable material, together with vanadium, molybdenum, manganese, and other non-fissionable materials that are associated with uranium, uranium bearing ores and other fissionable materials within such leaseholds or unpatented mining claims, and all other metals, minerals, ores, concentrates, and refined metals in, on or under the Real Estate and Claims (collectively the “Products”) whether or not severed or extracted from such property (the Real Estate, the Claims, and the Products are collectively referred to in this Mortgage as the “Land”).

 

1.2                               Together with (i) all the buildings, structures and improvements of every nature now or later situated on the Land; (ii) all fixtures now or later owned or leased by Mortgagor or in which Mortgagor has any interest, and all extensions, additions, accessions, improvements, betterment, renewals, substitutions, and replacements to any of the foregoing (the “Improvements”), and all of the right, title and interest of Mortgagor in and to any such Improvements, subject to any Permitted Encumbrances, which shall, to the fullest extent permitted by law, be conclusively deemed fixtures and a part of the real property encumbered by this Mortgage; and (iii) all architect’s drawings, plans or reports, engineer’s drawings, plans or reports, surveys and other general intangibles of any nature constituting part of or relating to the Land and the Improvements.

 

1.3                               Together with all easements, rights-of-way, gores, strips or parcels of land, streets, ways, alleys, passages, sewer rights, water courses, water rights (including, without limitation, the water rights and applications for water rights described in Exhibit A) and powers, and all appurtenances, in any way belonging, relating or appertaining to any of the property described in Sections 1.1 and 1.2 or which shall in any way belong, relate or be appurtenant to the Land or the Improvements, whether now owned or later acquired by Mortgagor.

 

1.4                               Together with all the estate, right, title and interest of Mortgagor in and to all judgments, insurance proceeds, awards of damages and settlements hereafter made resulting from condemnation proceedings or the taking of all or any part of the property described in Sections 1.1, 1.2 and 1.3 under power of eminent domain, or for any damage (whether caused by such taking or otherwise) to all or any part of the property described in Sections 1.1, 1.2 and 1.3 or to any rights appurtenant, and all proceeds of any sales or other dispositions of all or any part of the property described in Sections 1.1, 1.2 and 1.3 (provided that the foregoing shall not be deemed to permit such dispositions except as provided in this Mortgage or the Facility Agreement); and Mortgagee is authorized to collect and receive said awards and proceeds and to give proper receipts and accountings for them, and (if it so elects) to apply the same toward the payment of the Secured Obligations then due and payable; and all accounts, contract rights, general intangibles, actions and insurance proceeds and unearned premiums arising from or relating to the property described in Sections 1.1, 1.2 and 1.3 and all proceeds, products, replacements, additions, substitutions, renewals and accessions of and to the property described in Sections 1.1, 1.2 and 1.3.

 

1.5                               Together with all rents, income, maintenance fees, and other benefits to which

 

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Mortgagor may now or later be entitled from the property described in Sections 1.1, 1.2 and 1.3 and any business or other activity conducted thereon, to be applied against the Secured Obligations; provided, however, that Mortgagee hereby confers upon Mortgagor a license, so long as no Default (as defined in Section 15, below) has occurred to collect and use such rents, income, maintenance fees and other benefits as they become due and payable, but not in advance. Upon the occurrence of any such Default, the permission given to Mortgagor to collect such rents, income, maintenance fees and other benefits from the property described in Sections 1.1, 1.2 and 1.3 shall automatically terminate and such permission shall not be reinstated upon a cure of such Default without Mortgagee’s specific written consent.

 

Notwithstanding anything to the contrary contained in this Mortgage, the foregoing provisions shall constitute an absolute, unconditional and present assignment of the rents, income and other benefits from the property described in Sections 1.1, 1.2 and 1.3 above, to Mortgagee, subject, however, to the limited license given to Mortgagor to collect and use such rents, income and other benefits; and the existence or exercise of such right by Mortgagor shall not operate to subordinate this assignment to any subsequent assignment by Mortgagor which shall not be made without the prior written approval of Mortgagee and shall be subject to the rights of Mortgagee.

 

1.6                               Together with all right, title and interest of Mortgagor in and to all leases and subleases, license agreements, easement agreements, and/or rights-of-way agreements relating to or affecting all or any part of the property described in Sections 1.1, 1.2 and 1.3, in which Mortgagor is, or is the successor to, the lessor, as listed on Exhibit A along with the current lessees, now or later existing or entered into during the term of this Mortgage, including any extensions or renewals, and all other leases, license agreements, easement agreements, and right-of-way agreements hereafter entered into by Mortgagor, and any and all deposits held as security under such leases and subleases, advance rentals and other deposits or payments of a similar nature, reserving unto Mortgagor the right to collect and use the same as well as any other statutory rights Mortgagor may have, except during continuance of a Default, during which time Mortgagee may collect and enforce the same by any lawful means in the name of any party; provided that, in case of foreclosure sale, Mortgagor’s interest in any such leases and subleases then in force shall, upon expiration of Mortgagor’s rights, pass to the purchaser at such sale, subject to election by said purchaser to terminate or enforce any of such leases or subleases.

 

1.7                               Together with all right, title and interest of Mortgagor in and to all leases and subleases, license agreements, easement agreements, and/or right-of-way agreements relating to or affecting all or any part of the property described in Sections 1.1, 1.2 and 1.3, in which Mortgagor is, or is the successor to, the lessee, as listed on Exhibit A along with the current lessors and a statement as to whether consent of such lessor is required to create a security interest in such leases and other contracts, now or later existing or entered into during the term of this Mortgage, including any extensions or renewals, and all other leases, license agreements, easement agreements, and right-of-way agreements hereafter entered into by Mortgagor (together with the interests identified in Section 1.6 above, the “Leases”).

 

1.8                               All of Mortgagor’s present or after acquired right, title and interest in and to the surface or subsurface equipment, machinery, motor vehicles and other rolling stock, facilities,

 

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fixtures (as defined in accordance with applicable law) and structures, supplies, inventory and other chattels and personal property now or hereafter located in, on or under, affixed to or installed on the Lands or the Improvements or used or purchased for use by Mortgagor in connection with the locating, mining, production, storage and transportation, treatment, manufacture or sale of Products or the use or operation of the items listed above, the Land or the Improvements (collectively the “Operating Equipment”), including, without limitation, those items listed in Exhibit B attached to and by this reference made part of this Mortgage.

 

1.9                               All of the accounts, contract rights (including, without limitation, all of Mortgagor’s interest in and rights under the Material Agreements described in Exhibit C attached to and by this reference made part of this Mortgage, as well as any other present or future access, joint venture, mining, milling, operating or other agreement relating to the development or operation of the Land) and general intangibles (including, without limitation, the interest of Mortgagor in any company, limited liability company, joint venture or partnership formed for the purpose of developing or operating any part of the Land), rental approvals, consents, licenses and permits (to the extent a security interest may be granted in them) now or after the Effective Date arising from, used in connection with or relating to the locating, mining, production and storage, transportation, treatment, manufacture or sale of Products or for the use or operation of the Land or the Improvements.

 

1.10                        Together with any and all further or greater estate, right, title, interest, claim and demand whatsoever of Mortgagor, whether now owned or later acquired in or to any of the property described in Sections 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 1.8 and 1.9 above.

 

1.11                        Together with Mortgagor’s rights to further encumber the property described in Sections 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 1.8, 1.9 and 1.10 above for debt.

 

1.12                        All of Mortgagor’s claims, demands and causes of action, whether accrued before or after the Effective Date, for damage to the Land or the Improvements, arising from the ownership of the Land or the Improvements or the construction of improvements on the Land or the Improvements, are assigned to Mortgagee, including, but not limited to those (a) in connection with any transactions financed in whole or in part by the funds loaned to Mortgagor by Mortgagee; (b) against former owners of the Land or the Improvements; (c) against owners of the adjoining property; (d) against suppliers of labor, materials or services to the Land or the Improvements; (e) arising in contract or tort, including without limitation commercial tort claims; and (f) for fraud, misrepresentation or concealment of a material fact; the proceeds of any such claim, demand or cause of action shall be paid to Mortgagee who, after deducting from such payment all its expenses, including reasonable attorney’s fees and costs, may apply such proceeds to the Secured Obligations or to any deficiency under this Mortgage or may release any moneys so received by it to Mortgagor as Mortgagee may elect.  After such occurrence or determination, Mortgagee, at its option, may appear in and prosecute in its own name any action or proceeding to enforce any such claim, demand or cause of action and may make any compromise or settlement of any such claim, demand or cause of action.

 

1.13                        To the extent the estate of Mortgagor in any of the property referred to above in this Section 1 is a leasehold estate, this conveyance shall include, and the lien and security

 

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interest created hereby shall encumber and extend to, all other or additional title, estates, interests or rights which are now owned or may hereafter be acquired by Mortgagor in or to the property demised under such leases creating the leasehold estate.

 

1.14                        All of the property and rights described in Sections 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 1.8, 1.9, 1.10, 1.11, 1.12 and 1.13 above, and each item of property described in those sections, collectively are referred to in this Mortgage as the “Property.”

 

1.15                        Mortgagor’s assignment and grant of a security interest in any property or right comprising part of the Property for which consent of a third party is required shall be conditioned upon Mortgagor obtaining such consent.  Mortgagor’s execution, delivery and recording of this Mortgage are not, and the same shall not be construed to be, Mortgagee’s assumption or exercise of the administration, control, management, operation or ownership of Mortgagor, Mortgagor’s assets, Mortgagor’s business or the Property, including, without limitation, any approvals, consents, licenses or permits issued to or held by Mortgagor.

 

1.16                        To the extent permitted by and subject to applicable law, the lien of this Mortgage will automatically attach, without further act, to all after acquired fixtures and improvements which are part of the Property.

 

2.                                      Performance of the Facility Agreement, Notes and Mortgage.  Mortgagor shall fully perform, observe and comply with all provisions of the Facility Agreement, this Mortgage and each other Transaction Document.  Mortgagor will promptly pay and perform all of the Secured Obligations as and when the same become due pursuant to the terms of the Transaction Documents.  All sums payable by Mortgagor shall be payable in immediately available funds.

 

3.                                      General Representations, Covenants and Warranties.  Mortgagor represents, covenants and warrants that:

 

3.1                               Fee Title.  Except as otherwise set forth in the Title Reports and Opinions listed on Exhibit D hereto, Mortgagor holds and owns good and marketable title in fee simple to the fee lands and patented mining claims which constitute part of the Property, and has all right, full power and lawful authority to mortgage and pledge the same and Mortgagee may at all times peaceably and quietly enter upon, hold, occupy and enjoy such Property in accordance with the terms of this Mortgage.  Mortgagor is in exclusive possession of such Property, and such Property is free and clear of all damages, claims, encumbrances, liens, royalties and security interests, except Permitted Encumbrances and Encumbrances identified in Exhibit A and except as otherwise set forth in the Title Reports and Opinions listed on Exhibit D hereto.

 

3.2                               Title to Unpatented Mining Claims.  Regarding the Claims which constitute a portion of the Property, except as otherwise set forth in the Title Reports and Opinions listed on Exhibit D, Mortgagor covenants, represents and warrants that: (a) to its knowledge, the Claims were properly located in accordance with applicable federal and state laws and regulations; (b) all assessment work requirements for the Claims have been performed and all filings and recordings of proof of performance have been made properly and all federal annual unpatented mining claim maintenance and rental fees have been paid properly and timely (in each case, save

 

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for where the non-compliance does not constitute, and could not reasonably be expected to constitute, a Material Adverse Effect); (c) the Claims are in good standing (save for where lack of good standing does not constitute, and could not reasonably be expected to constitute, a Material Adverse Effect), and Mortgagor owns its interest in the Claims, free and clear of all Encumbrances, subject only to the paramount title of the United States, Permitted Encumbrances, and the Encumbrances identified in Exhibit A; and (d) Mortgagor has good right and full power to assign, convey, grant and transfer the interests described in this Mortgage. Mortgagor makes no representation or warranty concerning the discovery or presence of valuable minerals on the Claims which comprise all or a portion of the Property, or as to the maintenance of pedis possessio rights with respect to any of the Claims or as to the nature or extent of its rights to use the surface of the Claims.

 

3.3                               Leased Real Estate and Claims.   Regarding that portion of the Property in which Mortgagor holds an interest under the Leases or other contracts:  (a)  Mortgagor is in exclusive possession of such Property; (b) Mortgagor has not received any written notice of default of any of the material terms or provisions of such Leases or other contracts, which default remains uncured as of the date hereof; (c) neither Mortgagor nor, to Mortgagor’s knowledge, the lessor under any of the Leases to which Mortgagor is a party is in default under any such lease, nor, to Mortgagor’s knowledge,  has any event occurred which with the passage of time or the giving of notice would constitute a default: (d) except where a consent is identified in Exhibit A, Mortgagor has authority under such Leases or other contracts to perform fully its obligations under this Mortgage; (e) such Leases and other contracts are in good standing and, to Mortgagor’s knowledge, are valid (and enforceable and have not been altered, modified or amended in any manner, except as shown on Exhibit A; (f) Mortgagor has no knowledge of any act or omission or any condition on that portion of the Property held by such Leases or other contracts which could be considered or construed as a default thereunder; and (g) to Mortgagor’s knowledge, all portions of the Property held by such Leases or other contracts are free and clear of all damages, claims, encumbrances, liens, royalties and security interests, except as created by or identified in the Leases and except for Permitted Encumbrances and Encumbrances identified in Exhibit A, Part I(B). The foregoing representations and warranties will be true and correct with respect to each future Lease and each and any future lessors.

 

3.4                               No Conflict.  Mortgagor covenants, represents and warrants that:  (a) Mortgagor’s execution and delivery of this Mortgage will not conflict with or result in a breach of (i) Mortgagor’s articles of incorporation, bylaws, operating agreement or other constituent or constating documents; (ii) any applicable Law binding on or affecting Mortgagor’s properties; (iii) any contractual restriction (other than the required consents identified in Exhibit A Part I(B) binding on or affecting Mortgagor or its properties (including any Material Agreement) where the breach results in or could reasonably be expected to result in a Material Adverse Effect; or (iv) any writ, judgment, injunction, determination or award which is binding on Mortgagor; (b) Mortgagor’s execution and delivery of this Mortgage will not result in, or require or permit (i) the imposition of any Lien (other than that imposed by the Securities) on or with respect to any properties now owned or hereafter acquired by Mortgagor; or (ii) the acceleration of the maturity of any Mortgagor’s indebtedness under any contractual provision binding on or affecting it; (c) Mortgagor is not aware of any actions, proceedings or suits (whether or not purportedly on behalf of Mortgagor) pending or threatened against or affecting

 

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Mortgagor or any part of the Property which have a material likelihood of being determined adversely to Mortgagor and, if so adversely determined, have or could reasonably be expected to have a Material Adverse Effect; (d) Mortgagor has not previously assigned, conveyed, encumbered, granted, subleased or otherwise transferred any of its interest in the Property except i) pursuant to the royalty provisions contained in the Leases identified on Exhibit A or (ii) as otherwise set forth in Exhibit A; and (e) there has been no act or omission by Mortgagor which could result by notice or lapse of time in the abandonment, breach, default, forfeiture, relinquishment or termination of any agreement by or under which Mortgagor holds or owns any interest in the Property (save for where the act or omission does not have, and could not reasonably be expected to have, a Material Adverse Effect).

 

3.5                               Maintenance of Unpatented Mining Claims.  For each annual assessment work year commencing during the term of this Mortgage, Mortgagor shall perform for the benefit of the unpatented mining claims which constitute all or part of the Claims work of a type customarily deemed applicable as assessment work and of sufficient value to satisfy the annual assessment work requirements, if any, of all applicable federal, state and local laws, regulations and ordinances, and shall prepare evidence of the same in form proper for recordation and filing, and shall timely record and/or file such evidence in the appropriate federal, state and local office as required by applicable federal, state and local laws, regulations and ordinances.  If under applicable federal, state or local laws and regulations annual mining claim maintenance or rental fees are required to be paid for the unpatented mining claims which constitute all or part of the Claims, beginning with the annual assessment work year of 2008, Mortgagor shall timely and properly pay the annual mining claim maintenance or rental fees, and shall execute and record or file, as required, proof of payment of the annual mining claim maintenance or rental fees and of Mortgagor’s intention to hold the unpatented mining claims which constitute all or part of the Claims.  Mortgagor shall perform such work, pay such fees and complete such filings and recordings as are required under applicable federal, state and local laws before the time required for completion of such acts, and shall deliver to Mortgagee proof of performance of such acts not less than fifteen (15) days before the time required for performance of such acts.

 

3.6                               Amendment and Relocation of Unpatented Mining Claims.  Except as provided in this Mortgage, Mortgagor shall not abandon any unpatented mining claims or millsites covering any material part of the Property without Mortgagee’s prior written consent.  On not less than fifteen (15) days’ advance written notice to Mortgagee and Mortgagee’s advance consent (such consent not to be unreasonably withheld or delayed), Mortgagor shall have the right to amend or relocate any of the unpatented mining claims and millsites which constitute part of the Claims or to locate any additional unpatented mining claims or millsites which constitute all or part of the Claims.  In such event, all such unpatented mining claims and millsites shall automatically be brought within the terms and provisions of this Mortgage, to the extent permitted by applicable law, and Mortgagor shall execute and deliver any instrument which Mortgagee reasonably requires to evidence the inclusion of such unpatented mining claims and millsites within the coverage of this Mortgage.

 

3.7                               Maintenance of Lien.  Mortgagor will maintain and preserve the lien of this Mortgage until all of the Secured Obligations have been paid and performed in full and Mortgagor shall have no further obligations in respect of either or both of the Credit Facilities.

 

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3.8                               Binding Obligations.  Mortgagor’s obligations under this Mortgage are the valid and binding obligations of Mortgagor, enforceable in accordance with their respective terms (subject to laws generally affecting creditors’ rights and principles of equity), and Mortgagor’s execution and delivery and performance of such obligations do not contravene any law, order, decree, rule or regulation to which Mortgagor is subject.

 

3.9                               Compliance With Environmental Laws.  Mortgagor shall comply with Section 8.4 of the Facility Agreement.  In furtherance of the foregoing, Mortgagor shall in all material respects comply and cause the Property to be in compliance with Environmental Laws.  “Environmental Laws” has the meaning given in the Facility Agreement and includes without limitation the Resource Conservation and Recovery Act of 1976, 42 US § 6901, et seq., (“RCRA”), the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 US  § 9601, et seq., (“CERCLA”), the Hazardous Materials Transportation Act, 49 US § 1801 et seq., the Clean Air Act, 42 USC § 7401, et seq., the Clean Water Act, 33 USC § 1251, et seq., the Safe Drinking Water Act, 21 USC § 349 and 42 USC § 201 and § 300(f), et seq., the National Environmental Policy Act of 1969, 42 USC § 4321, the Superfund Amendment and Reauthorization Act of 1986 (codified in various sections of 10 USC, 29 USC, 33 USC and 42 USC), and Title III of the Superfund Amendment and Reauthorization Act, 40 USC § 1101, et seq, applicable New Mexico laws, or any and all regulations promulgated under any such law, or any and all similar or successor laws.

 

3.10                        Indemnification.  Mortgagor shall defend, indemnify and hold harmless Mortgagee, and each of them and their successors, assigns, affiliates and the respective agents, directors, employees, officers and representatives of Mortgagee and such affiliates from any and all liability of any kind for any actions, costs, damages, disbursements, expenses, judgments, liabilities, obligations, penalties or suits in any way arising from or relating to Mortgagor’s performance or breach of its obligations under this Mortgage, including without limitation violation of any Environmental Laws relating to or affecting the Property or Mortgagor, in the manner prescribed in the Facility Agreement.

 

3.11                        Conduct of Operations.  Mortgagor shall cause all development, construction, mining, milling, processing and reclamation operations on the Property to be done in accordance with Good Industry Practice and material compliance with applicable laws, and permit Mortgagee, through its agents and employees, and at Mortgagee’s expense, to enter on the Property for the purpose of investigating and inspecting the condition, operation and use of the Property (including soil and groundwater sampling and monitoring), provided, however, that Mortgagee shall conduct such investigations and inspections in accordance with applicable provisions of the Facility Agreement and in a manner so as to minimize the disruption of Mortgagor’s operations on the Property.

 

3.12                        Notice of Environmental Matters.  Mortgagor shall promptly notify Mortgagee after Mortgagor becomes aware of any breach of any representation, covenant or warranty contained in this Mortgage pertaining to Environmental Laws and of the receipt of any knowledge or notice pertaining to any Hazardous Substance, or the release or threatened release of any Hazardous Substance, or Environmental Laws from any governmental authority or any other source or person relating in any manner to the Property.

 

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3.13                        Survival of Representations and Warranties.  All representations, warranties, covenants and disclosures of Mortgagor contained in this Mortgage shall survive the execution and delivery of this Mortgage and shall remain continuing covenants, conditions, representations and warranties of Mortgagor so long as any portion of the Secured Obligations remain outstanding and shall inure to the benefit of and be enforceable by any person who may acquire title pursuant to foreclosure proceedings or deed in lieu of foreclosure.

 

3.14                        Leasehold Estate Provisions.  To the extent the Mortgagor’s interest in any of the Property is a leasehold (“Leasehold”), Mortgagor agrees:

 

(a)                                  To perform and comply in all material respects with all agreements, covenants, terms, and conditions imposed on or assumed by Mortgagor as tenant under any Leases, subleases or other occupancy agreements, if any, and that if Mortgagor fails to do so, Mortgagee may, but shall not be obligated to, take any action the Mortgagee deems necessary or desirable to prevent or to cure any default by Mortgagor in the performance of or compliance with any of Mortgagor’s covenants or obligations under the leases.  On receipt by Mortgagee from the landlord under any Lease of any written notice of default by the tenant thereunder, Mortgagee may rely thereon and take any action as stated above to cure such default even though the existence of such default or the nature thereof is questioned or denied by Mortgagor or by any party on behalf of Mortgagor.  Mortgagor hereby expressly grants to Mortgagee, and agrees that Mortgagee shall have, the absolute and immediate right to enter in and on the Property to such extent and as often as Mortgagee, in Mortgagee’s sole discretion, deems necessary or desirable in order to prevent or to cure any such default by Mortgagor.  Mortgagee may pay such sums of money as Mortgagee, in its sole discretion, deems necessary for any such purpose, and Mortgagor hereby agrees to pay to Mortgagee, immediately and without demand, all such sums so paid by Mortgagee, together with interest thereon from the date of each such payment at the rate equal to the Funding Rate specified in the Facility Agreement.  All sums so paid and expended by Mortgagee and the interest thereon shall be added to and be secured by the lien hereof. Mortgagor shall also enforce the performance by the lessor under each Lease to which it is a party of such lessor’s material obligations under such Lease.

 

(b)                                 It will not surrender the Leasehold estate and interest or terminate or cancel any Lease (other than in the ordinary course of business) and that Mortgagor will not, without Mortgagee’s express, prior, written consent (such consent not to be unreasonably withheld or delayed), assign, sublease, modify, change, supplement, alter or amend any Lease either orally or in writing, and any such termination, cancellation, assignment, sublease, modification, change, supplement, alteration or amendment of any such Lease without Mortgagee’s prior written consent thereto shall be void and of no force and effect.  There shall be no merger of the Leasehold estates created by the Leases with the fee estate of the Property or any portion thereof without the prior written consent of Mortgagee.

 

4.                                      Compliance with Laws.   Since Mortgagor’s taking of possession of the Property, the Property has complied in all material respects with and from the date of this Mortgage will continue to comply in all material respects with, all applicable restrictive covenants, applicable zoning and subdivision ordinances and building codes and all other applicable laws, rules and regulations, in each case, save for where non-compliance does not have, and could not

 

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reasonably be expected to have, a Material Adverse Effect.  If Mortgagor receives notice from any federal, state or other governmental body that Borrower or the Property is not in compliance in any material respect with any ordinance, code, law or regulation, Mortgagor will promptly attempt to cure any violation and will provide Mortgagee with a copy of such notice promptly.

 

5.                                      Taxes and Impositions.

 

5.1                               Payment of Taxes.  All real property taxes and assessments, general and special, and all other taxes and assessments of any kind or nature whatsoever, including, without limitation, non-governmental levies or assessments such as charges for water or sewer maintenance, association dues or charges or fees levied, or charges resulting from covenants, conditions and restrictions affecting the Property which are assessed or imposed upon the Property, or become due and payable, and which create or appear to create a lien upon all or any part of the Property (all of which taxes, assessments and other governmental charges of like nature are later referred to as “Impositions”), shall be the obligation of Mortgagor.  Mortgagor shall pay or cause to be paid all Impositions, when due, before delinquency, shall file all required forms with appropriate governmental authorities when due and shall deliver to Mortgagee evidence of payment of all Impositions within fifteen (15) days of their due dates.  Notwithstanding the foregoing, Mortgagor shall have the right to contest or protest any such taxes and assessments.

 

5.2                               No Joint Assessment.  Mortgagor covenants and agrees not to suffer, permit or initiate the joint assessment of the real and personal property, or any other procedure where the lien of the real property taxes and the lien of the personal property taxes shall be assessed, levied, or charged to the Property as a single lien, or by which the Property shall be assessed, levied or charged together with any other real property owned by Mortgagor.

 

5.3                               Payment of Revenue Stamps.  If, at anytime, the United States of America, the State of New Mexico, any other state, or any governmental subdivision having jurisdiction, shall require internal revenue stamps to be affixed to this Mortgage, or other tax paid on or in connection with the execution, delivery or recording of any of the same, Mortgagor will pay them with any interest or other charges imposed in connection with the execution, delivery or recording.

 

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6.                                      Insurance.

 

6.1                               Required Insurance.   Mortgagor will keep the Property insured for the benefit of Mortgagee, with companies approved by Mortgagee, acting reasonably, and shall obtain, maintain and keep in force policies of insurance for commercial general liability and property against all risks and such other coverages and in such amounts as Mortgagor is obligated to obtain and maintain in accordance with the Facility Agreement. All policies of insurance required under the terms of this Mortgage shall contain an endorsement or agreement by the insurer that any loss shall be payable to Mortgagee in accordance with the terms of such policy notwithstanding any act or negligence of Mortgagor which might otherwise result in forfeiture of such insurance and the further agreement of the insurer waiving all rights of set off, counterclaim or deductions against Mortgagor.  The policies shall name Mortgagee as an additional insured.  All insurance required to be obtained and maintained by Mortgagor under this Mortgage shall be written and issued in a manner sufficient such that Mortgagor is not a co-insurer under any such policy.

 

6.2                               Endorsement for Mortgagee.  All policies of insurance shall have attached to them a lender’s loss payable endorsement for the benefit of Mortgagee in form satisfactory to Mortgagee.  Mortgagor shall on Mortgagee’s request furnish to Mortgagee a certificate of all policies of required insurance.  If Mortgagee consents to Mortgagor’s provision of any of the required insurance through blanket policies carried by Mortgagor and covering more than one location, Mortgagor shall deliver to Mortgagee a certificate of insurance for each such policy describing the coverage, the limits of liability, the carrier’s or insurer’s name, the policy number, and the expiration date.  At least thirty (30) days before the expiration of each such policy, Mortgagor shall deliver to Mortgagee evidence satisfactory to Mortgagee of the payment of premium and the reissuance of the policy continuing the insurance in force as required by this Mortgage.  Each policy shall contain a provision that the policy will not be cancelled or materially amended, which terms shall include any reduction in the scope or limits of coverage, without at least fifteen (15) days’ prior written notice to Mortgagee.  If Mortgagor fails to provide, maintain, keep in force or deliver and furnish to Mortgagee the policies of insurance required under this Section, Mortgagee may, but is not obligated to, procure such insurance or single-interest insurance for such risks covering Mortgagee’s interest at Mortgagor’s cost and expense.

 

6.3                               Payment of Premiums.  Mortgagor will reimburse Mortgagee for any premiums paid for insurance made by Mortgagee on Mortgagor’s default in obtaining and maintaining insurance or in assigning and delivering policies of insurance, together with interest at the rate provided in the Facility Agreement.

 

6.4                               Use of Insurance Proceeds.  So long as there is no Default and subject to the provisions of Section 8.3, Mortgagor shall be entitled to retain and apply the proceeds of any insurance policy on the Property paid on any loss covered by such insurance policy, provided, however, that Mortgagor shall apply and pay the proceeds under any such insurance policy to the repair and restoration of the Property.  If there is an existing Default:  (a) Mortgagee is authorized and empowered to adjust or compromise any loss under any insurance policy on the Property and to collect and receive the proceeds from any such policy; (b) each insurer under

 

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such a policy is authorized and directed to make payments in the event of loss to Mortgagee directly; (c) after deducting its expenses incurred in collection or handling, Mortgagee shall be entitled to retain and apply the proceeds of any such insurance to the payment and performance of the Secured Obligations, whether or not then due, or, if Mortgagee, in the sole discretion of Mortgagee, shall so elect, Mortgagee may hold any and all such proceeds for application to payment of the cost of restoration or release any proceeds to Mortgagor or whoever is represented to be the owner of the Property at that time; and (d) Mortgagee shall have no liability to Mortgagor for failure to collect such payments in a timely manner or otherwise.

 

6.5                               Successor Rights to Insurance.  To the extent permitted by law and the policies of insurance obtained and maintained by Mortgagor, in the event of a foreclosure of this Mortgage, the purchaser of the Property shall succeed to all the rights of Mortgagor, including any rights to the proceeds of insurance and to unearned premiums to the extent such proceeds and unearned premiums arise from events occurring or the passage of time after the sale on foreclosure of this Mortgage, in and to all policies of insurance assigned to Mortgagee.

 

6.6                               No Mortgagee Liability for Insurance.  Mortgagee shall not, by the fact of approving, disapproving, accepting, preventing, obtaining or failing to obtain any insurance, incur any liability for or with respect to the amount of insurance carried, the form or legal sufficiency of insurance contracts, solvency of insurance companies, or payment or defense of lawsuits, and Mortgagor expressly acknowledges and agrees that Mortgagor has full responsibility and bears all liability for such obligations.  Mortgagor waives any and all right to claim or recover against Mortgagee or Mortgagee’s agents, employees, officers or representatives for loss of or damage to Mortgagor, the Property, Mortgagor’s property or the property of others, whether or not under Mortgagor’s control, from any cause insured against or required to be insured against under this Mortgage.

 

6.7                               Delivery of Insurance Bills.  If a Default occurs and on Mortgagee’s request, Mortgagor shall deliver to Mortgagee copies of all bills, statements or other documents relating to insurance premiums and evidence of payment of the insurance premiums

 

7.                                      Condemnation.  To the extent allowed under applicable law, Mortgagee shall be entitled to all compensation awards, damages, claims, rights of action, settlement and proceeds of, or on account of, any damage or taking through condemnation or arising from a conveyance in lieu of condemnation, and is authorized, at its option, to commence, appear in and prosecute in its own or Mortgagor’s name any action or proceeding relating to any condemnation and to settle or compromise any claim asserted in any such action or proceeding.  All such compensation, awards, damages, claims, rights of action and proceeds and other payments or relief, and the right to them, are included in the Property and Mortgagee, after deducting from such proceeds and payments all of its expenses, including attorneys’ fees, may release any monies so received by it to Mortgagor or whoever is represented to be the owner of the Property at that time, without affecting the lien of this Mortgage, or may apply the same in such manner as Mortgagee shall determine, to the reduction of the Secured Obligations.  Any balance of such monies then remaining shall be paid to Mortgagor or whoever is represented to be the owner of the Property at that time.  Mortgagor agrees to execute such further assignments of any compensation awards, damages, claims, rights of action, settlements and proceeds as Mortgagee may require to give

 

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effect to this Section.  Notwithstanding any such condemnation or conveyance in lieu of condemnation, Mortgagor shall continue to pay interest, computed at the rate provided in the Facility Agreement, on the entire unpaid balance of the Secured Obligations.

 

8.                                      Care of Property.

 

8.1                               Maintenance of Property.  Mortgagor shall preserve and maintain the Property in good condition and repair (reasonable wear and tear and shutdowns for maintenance in the ordinary course of business excepted, and except to the extent, if applicable, that non-compliance is expressly permitted by the Facility Agreement), Mortgagor shall not permit, commit or suffer any waste, impairment or deterioration of all or any part of the Property which is inconsistent with Good Industry Practice, and will not take any action which will increase the risk of fire or other hazard to all or any part of the Property, other than in compliance with applicable laws.   Mortgagor shall supply to Mortgagee, promptly upon receipt by Mortgagor, any report, assessment or other evaluation pertaining to the physical condition of the Property, including but not limited to the presence of any Hazardous Substance or the condition of any underground storage tank.

 

8.2                               Removal and Destruction of Property.  Except as otherwise provided in this Mortgage or as expressly permitted by the Facility Agreement, no part of the Property shall be removed, demolished or materially altered without the prior written consent of Mortgagee.  Mortgagor shall have the right, without such consent, to remove and dispose of, free from the lien of this Mortgage, any part of the Property, which is a fixture as from time to time may become worn out or obsolete, provided, however, that either simultaneously with or prior to such removal, any such property necessary for the conduct of Mortgagor’s business at or on the Property shall be replaced with other property of equal utility and of a value at least equal to that of the replaced property when first acquired and free from any security interest of any other person, and by such removal and replacement Mortgagor shall be deemed to have subjected such replacement property to the lien of this Mortgage.

 

8.3                               Notice of Damage to Property.  If any part of the Property is lost, damaged or destroyed by fire, condemnation or any other cause, Mortgagor will give prompt written notice to Mortgagee and, provided that a Default has not occurred, Mortgagor shall have the option, in accordance with and subject to Sections 6.4 and 7 hereof, to either:  (a) promptly restore the Property to the equivalent of its original condition; or (b) use the proceeds of any insurance policy or condemnation award to make payments towards the unpaid balance of the Secured Obligations.

 

8.4                               Repair of Property.  To the extent required under applicable laws, regulations and ordinances, no work of repair or improvement on or to the Property shall be undertaken until Mortgagor’s plans and specifications have been approved by all governmental and regulatory agencies having jurisdiction of the Property and such agencies shall have issued governmental approvals, licenses, permits, special use permits and zoning changes or variances as required by applicable laws, regulations and ordinances.

 

9.                                      Transfer; Further Encumbrance of Property.   Except for Permitted Encumbrances,

 

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and except as otherwise permitted by the Facility Agreement, Mortgagor shall not, directly or indirectly, alienate or further encumber any interest in all or any part of the Property, assign, contract to sell, convey, sell or transfer, either voluntarily or involuntarily, all or any part of the Property or any interest in it, nor shall a voluntary grant of an option, pledge, sale or other transfer or any change in the ownership or control of Mortgagor be effected, in each case except to the extent, if applicable, that the same is expressly permitted by the Facility Agreement.  Any such sale, conveyance, alienation, transfer, pledge, option, or encumbrance made without Mortgagee’s prior written consent (and not expressly permitted by the Facility Agreement) shall be void, and shall give Mortgagee the right and option to declare any or all of the Secured Obligations to be forthwith due and payable (subject to any applicable limitation in the Facility Agreement).  The right and option of Mortgagee under this subsection to declare a default for any of the above-mentioned acts or events may be exercised at any time after the occurrence of any such act or event and Mortgagee’s acceptance of one or more payment or payments payable by Mortgagor or performance of any of Mortgagor’s obligations shall not constitute a waiver of Mortgagee’s right and option.  Mortgagee’s consent to any alienation, assignment, conveyance, disposition, encumbrance or other lien, sale or transfer or failure to exercise such right and option concerning any of the foregoing shall not be construed as a waiver of Mortgagee’s right and option with regard to any subsequent transactions.  Mortgagor shall not, without the prior written consent of Mortgagee, further assign the rents from the Property to anyone other than Mortgagee, and any such assignment without prior express written consent of Mortgagee shall be null and void.  Mortgagor agrees that if the ownership of all or any part of the Property becomes vested in a person other than Mortgagor, Mortgagee may, without notice to Mortgagor, deal in any way with such successor or successors in interest with reference to this Mortgage and the other Transaction Documents and the Secured Obligations without in any way vitiating or discharging Mortgagor’s liability under this Mortgage or the other Transaction Documents or the Secured Obligations.  No sale of the Property and no forbearance to any person with respect to the Mortgage, the other Transaction Documents or the Secured Obligations and no extension to any person of the time for payment or performance of any of the Secured Obligations given by Mortgagee shall operate to release, discharge, modify, change or affect the original liability of Mortgagor either in whole or in part.  If Mortgagor leases the Property subsequent to the date of this Mortgage, Mortgagor shall cause the terms and conditions of any lease to expressly provide that the lease, and the lessee’s rights under the lease, shall be subordinate and subject to Mortgagee’s rights under this Mortgage and the lessee under any such leasehold interest shall agree and covenant that such leasehold interest is subordinate and subject to this Mortgage.

 

10.                               Further Assurances.  At any time and from time to time, upon Mortgagee’s request, Mortgagor shall make, execute and deliver, or cause to be made, executed and delivered to Mortgagee, and, where appropriate, shall cause to be recorded or filed, and from time to time to be re-recorded and refiled at such time and in such offices and places as shall be deemed desirable by Mortgagee, any and all such further deeds of trust, instruments of further assurance, certificates and other documents as are reasonably necessary to effectuate, complete or perfect, or to continue and preserve the obligations of Mortgagor under this Mortgage and the lien of this Mortgage as a lien upon all of the Property, whether now owned or later acquired by Mortgagor, and unto all and every person or persons deriving any estate, right, title or interest under this Mortgage or the power of sale granted under this Mortgage.

 

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11.                               Security Agreement and Financing Statements.

 

11.1                        Grant of Security Interest.  Mortgagor (as Debtor) grants to Mortgagee (as Creditor and Secured Party) a security interest in the Property, and in all proceeds thereof, pursuant to the Uniform Commercial Code of the State of New Mexico (  § 55-1-101 et seq. XXXX 0000, the “Code”).

 

11.2                        Financing Statements.  When required under applicable law and as requested by Mortgagee, Mortgagor shall execute any and all such documents, including without limitation, financing statements pursuant to the Code, as Mortgagee may request, to preserve and maintain the priority of the lien created by this Mortgage on the fixtures, improvements and as-extracted collateral constituting part of the Property and the personal property described in the Exhibits attached to and by this reference incorporated in this Agreement.  Mortgagor authorizes and empowers Mortgagee to execute and file, on Mortgagor’s behalf, all financing statements and refilings and continuations as Mortgagee deems necessary or advisable to create, preserve and protect the lien.  This Mortgage shall be deemed a security agreement as defined in Section 30-9A-102(uuu) of the Code and the remedies for any violation of the covenants, terms and conditions of the parties’ agreements shall be cumulative and (i) as prescribed in this Mortgage, or (ii) by general law, or (iii) as to such part of the security which is also reflected in the financing statement by the specific statutory consequences now or later enacted and specified in the Code, all at Mortgagee’s sole election.

 

11.3                        Character of Property.  Mortgagor and Mortgagee agree that the filing of a financing statement in the records normally having to do with personal property shall never be construed as derogating from or impairing the express declaration and intention of the parties, that the Improvements are, and at all times and for all purposes and in all proceedings, both legal or equitable, shall be regarded as part of the real estate encumbered by this Mortgage irrespective of whether (a) any such item is physically attached to the Improvements, (b) serial numbers are used for the better identification of certain equipment items capable of being thus identified in a recital or in any list filed with Mortgagee, or (c) any such item is referred to or reflected in any such financing statement so filed at any time.  Similarly, the mention in any such financing statement of (d) rights in or to the proceeds of any fire and/or hazard insurance policy, or (e) an award in eminent domain proceedings for a taking or for loss of value, or (f) Mortgagor’s interest as lessor in any present or future lease or rights to income growing out of the use and occupancy of the Property, whether pursuant to lease or otherwise, shall never be construed as altering any of the rights of Mortgagee as determined by this instrument or impugning the priority of Mortgagee’s lien or by any other recorded document, but such mention in the financing statement is declared to be solely for the protection of Mortgagee in the event any court or judge shall hold, with respect to the matters stated in the foregoing clauses (d), (e) and (f) that notice of Mortgagee’s priority of interest, to be effective against a particular class of persons, including but not limited to the federal government and any subdivision or entity of the federal government, must be filed in the Code records.

 

11.4                        Fixtures.  The security agreement described above covers as-extracted collateral and goods which are or are to become fixtures, and this Mortgage shall be effective as a financing statement filed as a fixture filing from the date of its recording, in accordance with

 

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Section 55-9-502 of the Code.  In that connection, the addresses of Mortgagor as debtor and Mortgagee as secured party are as stated above, and the address of Mortgagee is also the address from which information concerning the security interest may be obtained by an interested party.

 

12.                               Assignment of Rents.  If Mortgagor, as a lessor, enters into any leases of the Property, the assignment contained under Section 1.5 shall be fully operative without any further action on the part of either party and specifically at any time before or after foreclosure Mortgagee shall be entitled, upon the occurrence of a Default and the continuation of such Default beyond any applicable cure period, to all business, rents, income and other benefits from the Property or from any business or other activity conducted thereon, described in Sections 1.1, 1.2, 1.3 and 1.4 whether or not Mortgagee takes possession of such property.  Mortgagor further grants to Mortgagee the right (a) to enter upon and take possession of the Property for the purpose of collecting the rents, income and other benefits, (b) to dispossess by the usual summary proceedings any tenant defaulting in the payment of rents to Mortgagee, (c) to let all or any part of the Property, and (d) to apply rent, income, maintenance fees, and other benefits, after payment of all necessary charges and expenses, on account of the Secured Obligations.  Such assignment and grant shall continue in effect until the Secured Obligations are paid and performed in full and Mortgagee shall have no further obligations in respect of the Credit Facilities, the execution of this Mortgage constituting and evidencing the irrevocable consent of Mortgagor to the entry upon and taking possession of the Property by Mortgagee pursuant to such grant, whether or not foreclosure has been instituted.  Neither the exercise of any rights under this Section 12 by Mortgagee nor the application of any such rents, income or other benefits to the Secured Obligations shall cure or waive any default or notice of default or invalidate any act done pursuant to this Mortgage or to any such notice, but shall be cumulative of all other rights and remedies.

 

It is understood and agreed that neither the foregoing assignment of rents and profits to Mortgagee nor the exercise by Mortgagee of any of its rights or remedies shall be deemed to constitute Mortgagee a “Mortgagee-in-possession” or otherwise responsible or liable in any manner with respect to the Property or the use, occupancy, enjoyment or operation of all or any portion of the Property, unless and until Mortgagee, in person or by agent, assumes actual possession.  The appointment of a receiver for the Property by any court at the request of Mortgagee or by agreement with Mortgagor, or the entering into possession of all or any part of the Property by such receiver, shall not be deemed to make Mortgagee a Mortgagee-in-possession or otherwise responsible or liable in any manner with respect to the Property or the use, occupancy, enjoyment or operation of all or any portion of the Property.

 

Mortgagor shall apply the rents and profits to the payment of all necessary and reasonable operating costs and expenses of the Property, debt service on the Secured Obligations, and a reasonable reserve for futures expenses, repairs and replacements for the Property, before using the rents and profits for Mortgagor’s personal use or any other purpose not for the direct benefit of the Property.

 

13.                               Mechanic’s and Other Liens.  Mortgagor shall not permit or suffer any mechanic’s, laborer’s, or materialman’s statutory or other lien (other than any lien for taxes not yet due) to be created upon the Property other than Permitted Encumbrances; provided, however, that unless

 

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the nonpayment of any such mechanic’s or other lien may create a forfeiture of any part of the Property, Mortgagor may, in good faith, by appropriate proceedings, contest the validity, applicability or amount of any assessed lien, and pending such contest, Mortgagor shall provide security in form and amount deemed satisfactory by Mortgagee in its reasonable discretion to be adequate to cover the payment of such lien with interest, penalties and costs.

 

14.                               Mortgagee’s Performance of Defaults.  If Mortgagor defaults in the payment of any assessment or tax, encumbrance or other Imposition, in its obligation to furnish insurance under this Mortgage, or in the performance or observation of any other covenant, condition or term of this Mortgage or any of the other Transaction Documents, to preserve its interest in the Property, Mortgagee may perform or observe the same, and all payments made (whether such payments are regular or accelerated payments) and all costs and expenses incurred or paid by Mortgagee in that connection shall become due and payable immediately.  The amounts so incurred or paid by Mortgagee, together with interest at the Funding Rate prescribed in the Facility Agreement from the date incurred until paid by Mortgagor, shall be added to the Secured Obligations.  Mortgagee is empowered to enter and to authorize others to enter upon the Property for the purpose of performing or observing any such defaulted covenant, condition or term.

 

15.                               Events of Default.  The term “Default,” wherever used in this Mortgage, shall mean any one or more of the following events:

 

15.1                        Facility Agreement “Default.”  The occurrence of any Event of Default specified in the Facility Agreement.

 

15.2                        Abandonment or Taking of Property.  If Mortgagor abandons all or any material part of the Property or all or any material part of the Property shall be damaged or taken through condemnation (which term shall include any damage or taking by any governmental authority or any other authority by the laws of the State of New Mexico or the United States of America to so damage or take, and any transfer by private sale in lieu of such taking), either temporarily for a period in excess of fourteen (14) days or permanently, provided that such damage or taking materially impairs Mortgagee’s security under this Mortgage and the proceeds, if any, from such damage or condemnation, which Mortgagor shall apply to the repair or restoration of the Property, are inadequate to repair or restore the Property such that Mortgagee’s security is not materially impaired.

 

16.                               Remedies; Acceleration of Maturity; Mortgagee’s Power of Enforcement.

 

16.1                        Acceleration of Indebtedness.  If a Default occurs, and subject to any obligations of Mortgagee to deliver or give notice of a Default in accordance with applicable laws and the terms of this Mortgage and the other Transaction Documents, Mortgagee may declare any or all of the Secured Obligations to be forthwith due and payable (subject to any applicable limitation in the Facility Agreement), and upon such declaration such Secured Obligations shall immediately become due and payable without demand or notice.

 

16.2                        Right of Foreclosure.  Mortgagee shall have the following powers concerning enforcement of this Mortgage:

 

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16.2.1                  Time is of the essence of this Mortgage.

 

16.2.2                  If a Default occurs, Mortgagee may, either with or without entry or taking possession or otherwise, and without regard to whether or not the Secured Obligations shall be due and without prejudice to the right of Mortgagee later to bring an action or proceeding to foreclose or any other action for any default existing at the time such earlier action was commenced, proceed by any lawful action or proceeding to enforce payment and performance of any or all of the Secured Obligations or the performance of the terms of the Transaction Documents or any other right; to foreclose this Mortgage in the manner provided by law of the State of New Mexico applicable to the foreclosure of mortgages on real property and, subject to Mortgagee’s right of redemption (as reduced herein), to sell, as an entirety or in separate lots or parcels, the Property pursuant to the laws of the State of New Mexico or under the judgment or decree of a court or courts of competent jurisdiction; and Mortgagee shall be entitled to recover in any such proceeding all incidental costs and expenses, including reasonable attorneys’ fees and costs (including, expressly, costs incurred for services of paralegals and for computer-assisted legal research) in such amount as shall be awarded by the court; and to pursue any other remedy available to it at law or in equity.

 

16.3                        Uniform Commercial Code Remedies.  If a Default occurs, Mortgagee may exercise any or all of the remedies and rights afforded to a secured party under the Uniform Commercial Code as in effect within the State of New Mexico.

 

16.4                        Foreclosure; Expense of Litigation.  In the event of foreclosure of the lien, there shall be allowed and included as additional Secured Obligations, all expenditures and expenses which may be paid or incurred by or on behalf of Mortgagee for reasonable attorneys’ fees (including, expressly, costs of services of paralegals), appraiser’s fees, outlays for documentary and expert evidence, stenographers’ charges, publication costs, and costs (which may be estimated as to items to be expended after foreclosure sale or entry of the decree) of procuring all such abstracts of title, title searches and examinations, title insurance policies, and similar data and assurances with respect to title as Mortgagee may deem reasonably advisable either to prosecute such suit or to evidence to a bidder at any sale which may be had the true condition of the title to or the value of the Property.  All such expenditures and expenses and such expenses and fees as may be incurred in the protection of said premises and the maintenance of the lien of this Mortgage, including the reasonable fees of any attorney employed by Mortgagee in any litigation or proceeding affecting this Mortgage, the Transaction Documents or the Property, including probate and bankruptcy proceedings, or in the preparations for the commencement or defense of any proceeding or threatened suit or proceeding, shall be immediately due and payable by Mortgagor, with interest at the Funding Rate specified in the Facility Agreement, and shall be secured by this Mortgage.

 

16.5                        Reduction in Redemption Period.   If this Mortgage is foreclosued, If this Mortgage is foreclosed, the redemption period shall be on (1) month in lieu of nine (9) months.

 

17.                               Mortgagee’s Right to Enter and Take Possession, Operate and Apply Income.  The following provisions shall prescribe Mortgagee’s rights, in addition to those available at law and in equity, to take possession and operate the Property and apply income from the Property:

 

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17.1                        Possession of Property.  If a Default occurs, (a) Mortgagor, on Mortgagee’s demand after Mortgagee’s compliance with applicable laws, shall surrender to Mortgagee the actual possession and, to the extent permitted by law, Mortgagee itself, or such officers or agents as it may appoint, may enter, and take possession of all of the Property, and may exclude Mortgagor and its agents and employees wholly from and may have joint access with Mortgagor to the books, papers and accounts of Mortgagor; and (b) Mortgagor will pay monthly in advance to Mortgagee on Mortgagee’s entry into possession, or to any receiver appointed to collect the rents, income and other benefits of the Property, the fair and reasonable rental value for the use and occupation of such part of the Property as may be in possession of Mortgagor with Mortgagee’s consent, and upon default in any such payment will vacate and surrender possession of such part of the Property to Mortgagee or to such receiver and, in default, Mortgagor may be evicted by summary proceedings or otherwise.

 

17.2                        Mortgagee’s Action to Gain Possession.  If Mortgagor for any reason fails to surrender or deliver the Property after Mortgagee’s demand, Mortgagee may obtain a judgment or decree conferring on Mortgagee the right to immediate possession or requiring Mortgagor to deliver immediate possession of all or part of the Property to Mortgagee.  Mortgagor specifically consents to the entry of such judgment or decree and reasonable compensation to Mortgagee, its attorneys and agents, and all such costs, expenses and compensations shall, until paid, be secured by the lien of this Mortgage and bear interest at the Funding Rate specified in the Facility Agreement.

 

17.3                        Mortgagee’s Property Rights.  Upon every such entering upon or taking of possession, Mortgagee may control, hold, operate, possess or use the Property, and, from time to time, conduct its business, and, from time to time, in its sole and absolute discretion:

 

17.3.1                  Make all necessary and proper maintenance, repairs, renewals, replacements, additions, betterments and improvements to the Property and purchase or otherwise acquire additional fixtures, personalty and other property;

 

17.3.2                  Insure or keep the Property insured;

 

17.3.3                  Manage and operate the Property and exercise all the rights and powers of Mortgagor in its name or otherwise with respect to the same; and

 

17.3.4                  Enter into agreements with others to exercise the powers granted to Mortgagee, all as Mortgagee from time to time may determine; and Mortgagee may collect and receive all the rents, income and other benefits, including those past due as well as those later accruing; and shall apply the monies so received by Mortgagee in such priority as Mortgagee may determine to (a) the payment of rent or any other tenant charges; (b) the payment of Secured Obligations which are due and payable; (c) the deposits for taxes and assessments and insurance premiums due; (d) the cost of insurance, taxes, assessments and other proper charges upon the Property; (e) the compensation, expenses and disbursements of the agents, attorneys and other representatives of Mortgagee; and (f) any other charges or costs required to be paid by Mortgagor under the terms of this Mortgage.

 

20

 

17.4        Return of Property to Mortgagor.  Mortgagee shall surrender possession of the Property to Mortgagor only when all of the Secured Obligations shall have been paid and performed in full and all defaults fully cured and Mortgagee shall have no further obligations in respect of either or both of the Credit Facilities.  The same right of taking possession, however, shall exist if any subsequent Default shall occur and be continuing.

 

18.          Purchase by Mortgagee.  Upon any foreclosure sale, Mortgagee may bid for and purchase the Property and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.

 

19.          Application of Indebtedness Toward Purchase Price.  Upon any such foreclosure sale, Mortgagee may, if permitted by law, and after allowing for costs and expenses of the sale, compensation and other charges in paying the purchase price, apply any or all of the Secured Obligations, in lieu of cash, to the amount which shall, upon distribution of the net proceeds of such sale, be payable.

 

20.          Waiver of Appraisement, Valuation, Stay, and Extension Laws.  Subject to Mortgagor’s right of redemption (as reduced herein), Mortgagor agrees to the fullest extent permitted by applicable law that if a Default occurs and is existing, neither Mortgagor nor anyone claiming through or under it shall or will set up a claim or seek to take advantage of any appraisement, valuation, stay or extension laws now or later in force, in order to prevent or hinder the enforcement or foreclosure of this Mortgage or the absolute sale of the Property or the final and absolute putting into possession, immediately after such sale, of the purchaser, and Mortgagor, for itself and all who may at any time claim through or under it, waives, to the fullest extent that it may do lawfully, the benefit of all such laws, and any and all right to have the assets, comprising the Property marshalled upon any foreclosure of the lien and agrees that Mortgagee, or any court having jurisdiction to foreclose such lien may sell the Property in part or as an entirety.

 

21.          Receiver.  If a Default occurs, Mortgagee, to the extent permitted by law, may apply to or petition a court of competent jurisdiction for the appointment of a receiver to enter upon and take possession of the Property and to collect all rents, income and other benefits and apply them as the court may direct.

 

22.          Suits to Protect the Property.  Mortgagee shall have the power and authority, but shall have no obligation, to institute and maintain any suits or proceedings as Mortgagee may deem advisable (a) to prevent any impairment of the Property by any acts which may be unlawful or any violation of this Mortgage; (b) to preserve or protect its interest in the Property; and (c) to restrain the enforcement of or compliance with any legislation or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid, if the enforcement of or compliance with such enactment, rule or order might impair the security or be otherwise prejudicial to Mortgagee’s interest.

 

23.          Proofs of Claim.  In the case of any receivership, insolvency, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding affecting Mortgagor or any guarantor, obligor, co-maker or endorser of any of Mortgagor’s obligations, its

 

21


 

creditors or its property, Mortgagee, to the extent permitted by law, shall be entitled to file such proofs of claim or other documents as may be necessary or advisable in order to have its claims allowed in such proceedings for the entire amount due and payable by Mortgagor under this Mortgage, at the date of the institution of such proceedings, and for any additional amounts which may become due and payable by Mortgagor after such date.

 

24.          Mortgagor to Pay Upon Default; Application of Monies by Mortgagee.

 

24.1        Collection of Indebtedness.  If there is an existing Default, then upon Mortgagee’s demand, Mortgagor will pay to Mortgagee the whole of the Secured Obligations so demanded; and if Mortgagor fails to pay the same upon such demand, Mortgagee shall be entitled to xxx for and to recover judgment against Mortgagor for the whole amount so due and unpaid together with costs and expenses, including without limitation, the reasonable compensation, expenses and disbursements of Mortgagee’s agents, attorneys (including, expressly, costs of services of paralegals) and other representatives, either before, after or during the pendency of any proceedings for the enforcement of this Mortgage and the right of Mortgagee to recover such judgment shall not be affected by any taking, possession or foreclosure sale, or by the exercise of any other right, power or remedy for the enforcement of the terms of this Mortgage, or the foreclosure of the lien.

 

24.2        Deficiency on Foreclosure.  In case of a foreclosure sale of all or any part of the Property and of the application of the proceeds of sale towards payment of the Secured Obligations, Mortgagee shall be entitled to enforce payment from Mortgagor of all amounts then remaining due and unpaid and to recover judgment against Mortgagor for any portion remaining unpaid, with interest, if and to the fullest extent permitted by the law of the State of New Mexico.  If permitted by applicable law, all such deficiency amounts shall bear interest at the Overdue Rate specified in the Facility Agreement before and after the entry of any judgment.  In addition, Mortgagee shall be entitled to recovery of its costs in connection with such proceedings, including reasonable attorneys’ fees (including, expressly, costs of services of paralegals).  This provision shall survive any foreclosure or sale of the Property or the extinguishment of the lien.

 

24.3        Nonwaiver of Lien.  Mortgagor hereby agrees, to the extent permitted by law, that no recovery of any such judgment by Mortgagee and no attachment or levy of any execution upon any of the Property or any other property shall in any way affect the lien of this Mortgage upon the Property or any lien, rights, powers or remedies of Mortgagee under this Mortgage.

 

24.4        Application of Funds Collected.  Any monies collected or received by Mortgagee shall be applied to the payment of compensation, expenses and disbursements of the agents, attorneys and other representatives of Mortgagee, and the balance remaining shall be applied to the payment of the balance of the Secured Obligations in accordance with the provisions of the Facility Agreement.

 

24.5        Application of Funds Collected to Mortgagor’s Obligations.  If a Default

 

22


 

occurs, Mortgagee shall have the right, in its discretion, to apply sums deposited by Mortgagor with Mortgagee for the payment of taxes and assessments, insurance premiums, and any other amounts to the payment of the Secured Obligations.

 

25.          Delay or Omission No Waiver.  No delay or omission of Mortgagee or any holder of the Secured Obligations to exercise any right, power or remedy upon any Default shall exhaust or impair any such right, power or remedy or shall be construed to waive any such Default or to constitute acquiescence. Every right, power and remedy given to Mortgagee may be exercised from time to time and as often as may be deemed expedient by Mortgagee.

 

26.          No Waiver of One Default to Affect Another.  No waiver of any Default shall extend to or affect any subsequent or any other Default. If Mortgagee grants forbearance or any extension of time for the payment of any Secured Obligations, takes other or additional security for the payments, waives or does not exercise any right granted in the Facility Agreement, this Mortgage or any other Transaction Document, releases any part of the Property from the lien of this Mortgage or any other Transaction Document, consents to the filing of any map, plat or replat of the land, consents to the granting of any easement on the land, or makes or consents to any agreement changing the terms of this Mortgage or subordinating the lien or any change of this Mortgage, no such act or omission shall release, discharge, modify, change or affect the original liability under the Facility Agreement, this Mortgage or otherwise of Mortgagor, or any subsequent purchaser of the Property or any maker, obligor, co-xxxxxx, surety or guarantor.  No such act or omission shall preclude Mortgagee from exercising any right, power or privilege granted to Mortgagee or intended to be granted in case of any Default then existing or of any subsequent Default, nor, except as otherwise expressly provided in an instrument or instruments executed by Mortgagee, shall the lien of this Mortgage be altered except to the extent of any release.  In the event of the sale or transfer by operation of law or otherwise of all or any part of the Property, Mortgagee without notice to any person, firm or corporation, is authorized and empowered to deal with any vendee or transferee with reference to the Property or the Secured Obligations, or with reference to any of the terms or conditions of this Mortgage, as fully and to the same extent as it might deal with the original parties and without in any way releasing or discharging any of Mortgagor’s liabilities or undertakings.

 

27.          Discontinuance of Proceedings; Position of Parties Restored.  If Mortgagee proceeds to enforce any right or remedy under this Mortgage by foreclosure, entry or otherwise and such proceedings are discontinued or abandoned for any reason, or such proceedings result in a final determination adverse to Mortgagee, then and in every such case, Mortgagor and Mortgagee shall be restored to their former positions and rights, and all rights, powers and remedies of Mortgagee shall continue as if no such proceedings had been taken.

 

28.          Remedies Cumulative.  No right, power or remedy conferred upon or reserved to Mortgagee by the Facility Agreement, this Mortgage or any other Transaction Document or otherwise executed in connection with the Secured Obligations is exclusive of any other right, power or remedy, but each and every such right, power and remedy shall be cumulative and concurrent to any other right, power and remedy now or later existing at law or in equity or given under the Facility Agreement, this Mortgage or any other Transaction Document.

 

23


 

29.          Interest After Default.  If a Default occurs, all sums outstanding and unpaid under the Facility Agreement, this Mortgage and the other Transaction Documents shall bear interest in accordance with the Facility Agreement or the other Transaction Documents.

 

30.          Legal Representatives, Successors and Assigns. Except as otherwise prohibited by the terms of this Mortgage, whenever one of the parties is named in this Mortgage, the successors and assigns of such party shall be included and all covenants, agreements, terms, provisions and conditions contained in this Mortgage, by or on behalf of Mortgagor or Mortgagee shall bind and inure to the benefit of their respective successors and assigns, whether so expressed or not.  In the event Mortgagor is composed of more than one party, the obligations arising under this Mortgage, are the joint and several obligations of each such party.

 

31.          Notices.   Except as otherwise expressly provided herein, any notice, order, instruction, request or other communication required or permitted to be given under this Mortgage shall be in writing and deemed to have been properly given when delivered in person or on the next Business Day after being sent by facsimile transmission or other electronic means, or upon receipt of notice sent by overnight mail or certified or registered United States mail, return receipt requested, postage prepaid, addressed to the party at the address set forth below. Any party may change its address for notices in the manner set forth above.

 

Mortgagee:

 

Mortgagor:

 

 

 

RMB Resources, Inc.

0000 Xxxx Xxxxxxxxx Xxx, Xxxxx 000

Xxxxxxxx, Xxxxxxxx 00000

Attn:  Xxxx Xxxxxxx

 

Neutron Energy, Inc.

0000 X. Xxxxxxx Xxxxxx Xxxxx 000
Xxxxxxxxx, XX 00000

Attn:  Xx Xxxxxx

 

32.          Headings; Construction.  The headings of the articles, sections, paragraphs and subdivisions of this Mortgage are for convenience of reference only, are not to be considered a part of this Mortgage, and shall not limit or expand or otherwise affect any of the terms.  Wherever the context so requires, words used in the singular may be read in the plural, words used in the plural may be read in the singular, words importing the neuter shall include the masculine and feminine genders, words importing the feminine gender shall include the masculine and the neuter, and words importing the masculine gender shall include the feminine and the neuter.

 

33.          Severability.  In the event that any of the covenants, agreements, terms or provisions contained in this Mortgage shall be invalid, illegal or unenforceable in any respect, the validity of the remaining covenants, agreements, terms or provisions contained therein shall in no way be prejudiced or disturbed.

 

34.          Modification.  Neither this Mortgage nor any of its terms, may be changed, waived, discharged or terminated orally, or by any action or inaction, but only by an instrument in writing signed by the party against which enforcement of the change, waiver, discharge or termination is sought.  Any agreement later made by Mortgagor and Mortgagee relating to this Mortgage shall be superior to the rights of the holder of any intervening lien or encumbrance.  Whenever a

 

24


 

power of attorney is conferred upon Mortgagee, it is understood and agreed that such power is conferred with full power of substitution and Mortgagee may elect in its sole discretion to exercise such power itself or to delegate all or any part of such power to one or more sub-agents.

 

35.          Governing Law; Jurisdiction; Venue.

 

35.1        Governing Law.  This Mortgage shall be governed by the State of New Mexico and the applicable laws of the United States, without regard to the conflicts of laws provisions thereof.

 

35.2        Submission to Jurisdiction.  Mortgagor and Mortgagee agree that any action or claim arising out of, or any dispute in connection with, this Mortgage, any rights, remedies, obligations, or duties hereunder, or the performance or enforcement hereof or thereof, may be brought in the courts of the State of Colorado or any federal court sitting therein and each of them consents to the non-exclusive jurisdiction of such court and to service of process in any such suit being made upon the debtor by mail at the address specified for notices in the Facility Agreement.  Each of Mortgagor and Mortgagee hereby waives any objection that it may now or hereafter have to the venue of any such suit or any such court or that such suit is brought in an inconvenient court.

 

35.3        Waiver of Right to Trial by Jury.  TO THE FULLEST EXTENT ALLOWED BY APPLICABLE LAW, THE MORTGAGOR AND THE MORTGAGEE WAIVE THEIR RIGHTS TO A JURY TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS AGREEMENT, ANY RIGHTS, REMEDIES, OBLIGATIONS, OR DUTIES HEREUNDER, OR THE PERFORMANCE OR ENFORCEMENT HEREOF OR THEREOF. EXCEPT AS PROHIBITED BY LAW, THE MORTGAGOR AND THE MORTGAGEE WAIVE ANY RIGHT WHICH THEY MAY HAVE TO CLAIM OR RECOVER IN ANY LITIGATION REFERRED TO IN THE PRECEDING SENTENCE ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES.  The Mortgagor and the Mortgagee: (a) certify that neither of them nor any representative, agent or attorney has represented, expressly or otherwise, that the Mortgagee or the Mortgagor would not, in the event of litigation, seek to enforce the foregoing waivers or other waivers contained in this Mortgage; and (b) acknowledge that, in entering into this Mortgage, the Facility Agreement and the other Transaction Documents to which each of them is a party, each of the Mortgagee and Mortgagor is relying upon, among other things, the waivers and certifications contained in this Section 35.3.

 

36.          Required Notices.  Mortgagor shall notify Mortgagee promptly of the occurrence of any of the following:  (a) receipt of notice from any governmental authority relating to and having an effect on the Property which could reasonably be expected to constitute a Material Adverse Effect; (b) any material change in the occupancy of the Property which could reasonably be expected to constitute a Material Adverse Effect; (c) receipt of any notice from the holder of any other lien or security interest in the Property (which receipt of notice shall not be deemed to be approval or consent to any lien or security interest created in violation of the terms of this Mortgage); (d) any actual or threatened judicial or administrative proceeding by or against or

 

25


 

otherwise affecting Mortgagor’s title to the Property or the Property; and (e) any matter for which Mortgagee is entitled to notice pursuant to any Transaction Document.

 

37.          Management.   Mortgagor covenants that at all times before the payment and performance in full of the Secured Obligations, the Property shall be managed by Mortgagor or by a party designated by Mortgagor reasonably satisfactory to Mortgagee.

 

38.          Discharge.  When all of the Secured Obligations have been paid and performed, and when Mortgagee has no further obligation in respect of either or both of the Credit Facilities, Mortgagee shall record a discharge of this Mortgage in the official land records of Sandoval, McKinley, and/or Cibola County, New Mexico, as applicable, in the form and within the time allowed under applicable law.

 

39.          Attorneys’ Fees.  Without limiting any other provision contained in this Mortgage, Mortgagor agrees to pay all costs of Mortgagee incurred in connection with the enforcement of this Mortgage or the taking of this Mortgage, including, without limitation, all reasonable attorneys’ fees (including, expressly, costs of services of paralegals)  whether or not suit is commenced, and including specifically fees incurred in connection with any appellate, bankruptcy, deficiency, or any other litigation proceedings, all of which sums shall be secured by this Mortgage.  If a suit is commenced by the parties concerning enforcement of or the parties’ rights and obligations under this Mortgage, the prevailing party in such suit shall be entitled to recover fees and costs as described in this Section.

 

40.          Accord and Satisfaction.  No payment by Mortgagor or receipt by Mortgagee of a lesser amount than any payments then due shall be deemed to be other than on account of the earliest payment falling due, nor shall any endorsement or statement on any check or draft, or any memorandum or letter accompanying any check, draft or payment be deemed to be an accord and satisfaction. Mortgagee may accept any such check, draft, or payment without prejudice to Mortgagee’s right to recover any balance due or pursue any other of Mortgagee’s remedies.

 

41.          Conflict With Facility Agreement.  In the event of any conflict between the terms of this Mortgage and the Facility Agreement, the terms of the Facility Agreement shall control, except in respect of the terms of this Mortgage governing Mortgagee’s enforcement of Mortgagor’s obligations under this Mortgage in accordance with New Mexico law by foreclosure or otherwise.

 

42.          Limitation on Indemnification.    To the extent, if at all, a court of competent jurisdiction determines that Section 56 7 1 XXXX 0000 applies to any indemnification provisions in this Mortgage, including certain types of insurance coverage as set forth in Section 56 7 1 XXXX 0000, such provisions shall not extend to liability, claims, damages, losses or expenses, including attorney fees, arising out of bodily injury to persons or damage to property caused by or resulting from, in whole or in part, the negligence, act or omission of the indemnitee or additional insured, as the case may be, its officers, employees or agents and shall further be modified, if required, by the provisions of Section 56 7 1(B) XXXX 0000.

 

IN WITNESS WHEREOF, Mortgagor and Mortgagee have executed this Mortgage,

 

26


 

Security Agreement, Assignment of Leases and Rents, and Fixture Filing effective as of the day and year first above written.

 

 

NEUTRON ENERGY, INC.

 

 

 

 

 

/s/ Xxxxxx X. Xxxxxx

 

By: Chief Financial Officer

 

Name: Xxxxxx X. Xxxxxx

 

 

27


 

STATE OF

)

 

 

ss.

 

COUNTY OF

)

 

 

This Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing was acknowledged before me on April     , 2010, by                                       as                                      of                                         .

 

My commission expires:

 

 

 

 

/s/ Xxxx Xxxxx

 

Notary Public

 

28


 

Exhibits

 

Exhibit A

Land, Improvements and Water Rights

 

 

Exhibit B

Operating Equipment

 

 

Exhibit C

Material Agreements

 

 

Exhibit D

List of Title Reports and Opinions

 

29


 

Exhibit A

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Leasehold Interests, Unpatented Mining Claims,

Water Rights, and Improvements

XxXxxxxx County, NM

 

 

I.                                         Leasehold Interests. (A) List of leases under which Mortgagor is lessor; (B) List of leases where Mortgagor is lessee.

 

(A)                              None

 

(B1)                          All of Mortgagor’s right, title and interest under that certain Mineral Lease Agreement (“Xxxx Agreement”) effective February 1, 2006, between Enerdyne Xxxx Claims LLC, a New Mexico Limited Liability Company, and Neutron Energy, Inc. a Nevada Corporation.

 

All of Mortgagor’s right, title and interest in and to the lands particularly described as follows:

 

Township 13 & 14 North, Range 8 West of the N.M.P.M.

 

(B2)                          All of Mortgagor’s right, title and interest under that certain Mineral Lease Agreement (“Xxxxxx Agreement”) effective June 1, 2006, between Xxxxx X. Xxxxxx and Xxxxxxxx X. Xxxxxx, and Neutron Energy, Inc. a Nevada Corporation.

 

All of Mortgagor’s right, title and interest in and to the lands particularly described as follows:

 

Township 14 North, Range 8 & 10 West of the N.M.P.M.

 

Township 13 North, Range 8 & 9 West of the N.M.P.M.

 

Township 14 North, Range 9 West of the N.M.P.M.

Section 36: All

 

30


 

(B3)                          All of Mortgagor’s right, title and interest under that certain Mineral Lease Agreement (“Xxxxxxxxx Agreement”) effective January 4, 2008, between Enerdyne Xxxx Claims LLC, a New Mexico Limited Liability Company, and Neutron Energy, Inc. a Nevada Corporation, as further evidenced by the Short Form Memorandum of the Material Terms of a Mineral Lease Agreement effective January 4, 2008 and filed for record January 9, 2008 as Document # 338125.

 

All of Mortgagor’s right, title and interest in and to the lands particularly described as follows:

 

Township 14 North, Range 9 West of the N.M.P.M

 

Section 26: The “Xxxxxxxxx” Numbers 1, 2, 3, 4, 5, 6, 7 and 8 Patented Lode Mining Claims being located within the South one-half of said Section 26, mineral survey number 2252, patent No. 30-68-0101 dated May 22, 1968 and recorded in book Misc. 59, page 219, XxXxxxxx County Records.

 

Township 14 North, Range 9 West of the N.M.P.M.

 

Section 26: The Xxxxxxxxx 9 Unpatented Lode Mining Claim, being located within the Southeast quarter of said Section 26, BLM Serial number NMMC 176522; Certificate of Location dated April 25, 2007, recorded May 8, 2007 in book 28 at page 7919, XxXxxxxx County Records.

 

(B4)                          All of Mortgagor’s right, title and interest under that certain Uranium Mining Lease and Agreement effective October 12, 2006, between Xxxx Xxxxxx Land Corporation, a New Mexico corporation, and Neutron Energy, Inc., a Nevada corporation, as further evidenced by the Short Form Memorandum of Uranium Mining Lease and Agreement effective October 12, 2006 and filed for record November 7, 2006 as Document #200654850 in Xxxxxxxx County, New Mexico, filed for record November 20, 2006 in XxXxxxxx County, New Mexico and filed for record December 4, 2006 as Document 200604472 in Cibola County, NM.

 

II.                                     Unpatented Mining Claims

 

The following described unpatented lode mining and millsite claims situated in XxXxxxxx County, New Mexico:

 

31

 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

ALTOS-0001

 

318764

 

24

 

7767

 

NMMC-171917

 

 

ALTOS-0002

 

318765

 

24

 

7768

 

NMMC-171918

 

 

ALTOS-0003

 

318766

 

24

 

7769

 

NMMC-171919

 

 

ALTOS-0004

 

318767

 

24

 

7770

 

NMMC-171920

 

 

ALTOS-0005

 

318768

 

24

 

7771

 

NMMC-171921

 

 

ALTOS-0006

 

318769

 

24

 

7772

 

NMMC-171922

 

 

ALTOS-0007

 

318770

 

24

 

7773

 

NMMC-171923

 

 

ALTOS-0008

 

318771

 

24

 

7774

 

NMMC-171924

 

 

ALTOS-0009

 

318772

 

24

 

7775

 

NMMC-171925

 

 

ALTOS-0010

 

318773

 

24

 

7776

 

NMMC-171926

 

 

ALTOS-0011

 

318774

 

24

 

7777

 

NMMC-171927

 

 

ALTOS-0012

 

318775

 

24

 

7778

 

NMMC-171928

 

 

ALTOS-0013

 

318776

 

24

 

7779

 

NMMC-171929

 

 

ALTOS-0014

 

318777

 

24

 

7780

 

NMMC-171930

 

 

32


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

ALTOS-0015

 

318778

 

24

 

7781

 

NMMC-171931

 

 

ALTOS-0016

 

318779

 

24

 

7782

 

NMMC-171932

 

 

ALTOS-0017

 

318780

 

24

 

7783

 

NMMC-171933

 

 

ALTOS-0018

 

318781

 

24

 

7784

 

NMMC-171934

 

 

ALTOS-0019

 

321623

 

25

 

7954

 

NMMC-173129

 

 

ALTOS-0020

 

321624

 

25

 

7955

 

NMMC-173130

 

 

ALTOS-0021

 

321625

 

25

 

7956

 

NMMC-173131

 

 

ALTOS-0022

 

321626

 

25

 

7957

 

NMMC-173132

 

 

ALTOS-0023

 

321627

 

25

 

7958

 

NMMC-173133

 

 

ALTOS-0024

 

321628

 

25

 

7959

 

NMMC-173134

 

 

ALTOS-0025

 

321629

 

25

 

7960

 

NMMC-173135

 

 

ALTOS-0026

 

321630

 

25

 

7961

 

NMMC-173136

 

 

ALTOS-0027

 

321631

 

25

 

7962

 

NMMC-173137

 

 

ALTOS-0028

 

321632

 

25

 

7963

 

NMMC-173138

 

 

ALTOS-0029

 

321633

 

25

 

7964

 

NMMC-173139

 

 

ALTOS-0030

 

321634

 

25

 

7965

 

NMMC-173140

 

 

ALTOS-0031

 

321635

 

25

 

7966

 

NMMC-173141

 

 

ALTOS-0032

 

321636

 

25

 

7967

 

NMMC-173142

 

 

ALTOS-0033

 

321637

 

25

 

7968

 

NMMC-173143

 

 

ALTOS-0034

 

321638

 

25

 

7969

 

NMMC-173144

 

 

ALTOS-0035

 

321639

 

25

 

7970

 

NMMC-173145

 

 

ALTOS-0036

 

321640

 

25

 

7971

 

NMMC-173146

 

 

ALTOS-0037

 

321641

 

25

 

7972

 

NMMC-173147

 

 

ALTOS-0038

 

321642

 

25

 

7973

 

NMMC-173148

 

 

ALTOS-0039

 

321643

 

25

 

7974

 

NMMC-173149

 

 

ALTOS-0040

 

321644

 

25

 

7975

 

NMMC-173150

 

 

ALTOS-0041

 

321645

 

25

 

7976

 

NMMC-173151

 

 

ALTOS-0042

 

321646

 

25

 

7977

 

NMMC-173152

 

 

ALTOS-0043

 

321647

 

25

 

7978

 

NMMC-173153

 

 

ALTOS-0044

 

321648

 

25

 

7979

 

NMMC-173154

 

 

ALTOS-0045

 

321649

 

25

 

7980

 

NMMC-173155

 

 

ALTOS-0046

 

321650

 

25

 

7981

 

NMMC-173156

 

 

ALTOS-0047

 

321651

 

25

 

7982

 

NMMC-173157

 

 

ALTOS-0048

 

321652

 

25

 

7983

 

NMMC-173158

 

 

ALTOS-0049

 

321653

 

25

 

7984

 

NMMC-173159

 

 

ALTOS-0050

 

321654

 

25

 

7985

 

NMMC-173160

 

 

ALTOS-0051

 

321655

 

25

 

7986

 

NMMC-173161

 

 

ALTOS-0052

 

321656

 

25

 

7987

 

NMMC-173162

 

 

ALTOS-0053

 

321657

 

25

 

7988

 

NMMC-173163

 

 

ALTOS-0054

 

321658

 

25

 

7989

 

NMMC-173164

 

 

BRK-0001

 

321659

 

25

 

7990

 

NMMC-172749

 

 

BRK-0002

 

321660

 

25

 

7991

 

NMMC-172750

 

 

BRK-0003

 

321661

 

25

 

7992

 

NMMC-172751

 

 

33


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

BRK-0004

 

321662

 

25

 

7993

 

NMMC-172752

 

 

BRK-0005

 

321663

 

25

 

7994

 

NMMC-172753

 

 

BRK-0006

 

321664

 

25

 

7995

 

NMMC-172754

 

 

BRK-0007

 

321665

 

25

 

7996

 

NMMC-172755

 

 

BRK-0008

 

321666

 

25

 

7997

 

NMMC-172756

 

 

BRK-0009

 

321667

 

25

 

7998

 

NMMC-172757

 

 

BRK-0010

 

321668

 

25

 

7999

 

NMMC-172758

 

 

BRK-0011

 

321669

 

25

 

8000

 

NMMC-172759

 

 

BRK-0012

 

321670

 

25

 

8001

 

NMMC-172760

 

 

BRK-0013

 

321671

 

25

 

8002

 

NMMC-172761

 

 

BRK-0014

 

321672

 

25

 

8003

 

NMMC-172762

 

 

BRK-0015

 

321673

 

25

 

8004

 

NMMC-172763

 

 

BRK-0016

 

321674

 

25

 

8005

 

NMMC-172764

 

 

BRK-0017

 

321675

 

25

 

8006

 

NMMC-172765

 

 

BRK-0018

 

321676

 

25

 

8007

 

NMMC-172766

 

 

BRK-0019

 

321677

 

25

 

8008

 

NMMC-172767

 

 

BRK-0020

 

321678

 

25

 

8009

 

NMMC-172768

 

 

BRK-0021

 

321679

 

25

 

8010

 

NMMC-172769

 

 

BRK-0022

 

321680

 

25

 

8011

 

NMMC-172770

 

 

BRK-0023

 

321681

 

25

 

8012

 

NMMC-172771

 

 

BRK-0024

 

321682

 

25

 

8013

 

NMMC-172772

 

 

BRK-0025

 

321683

 

25

 

8014

 

NMMC-172773

 

 

BRK-0026

 

321684

 

25

 

8015

 

NMMC-172774

 

 

BRK-0030

 

321685

 

25

 

8016

 

NMMC-173165

 

 

BRK-0032

 

321686

 

25

 

8017

 

NMMC-173166

 

 

BRK-0034

 

321687

 

25

 

8018

 

NMMC-173167

 

 

BRK-0036

 

321688

 

25

 

8019

 

NMMC-173168

 

 

BRK-0047

 

321689

 

25

 

8020

 

NMMC-173169

 

 

BRK-0048

 

321690

 

25

 

8021

 

NMMC-173170

 

 

BRK-0049

 

321691

 

25

 

8022

 

NMMC-173171

 

 

BRK-0050

 

321692

 

25

 

8023

 

NMMC-173172

 

 

BRK-0051

 

321693

 

25

 

8024

 

NMMC-173173

 

 

BRK-0052

 

321694

 

25

 

8025

 

NMMC-173174

 

 

BRK-0053

 

321695

 

25

 

8026

 

NMMC-173175

 

 

BRK-0054

 

321696

 

25

 

8027

 

NMMC-173176

 

 

Xxxxxxxxx-0009

 

337818

 

28

 

7919

 

NMMC-176522

 

 

ELK-0001

 

327746

 

27

 

7150

 

NMMC-174663

 

 

ELK-0002

 

327747

 

27

 

7151

 

NMMC-174664

 

 

ELK-0003

 

327748

 

27

 

7152

 

NMMC-174665

 

 

ELK-0004

 

327749

 

27

 

7153

 

NMMC-174666

 

 

ELK-0005

 

327750

 

27

 

7154

 

NMMC-174667

 

 

ELK-0006

 

327751

 

27

 

7155

 

NMMC-174668

 

 

ELK-0007

 

327752

 

27

 

7156

 

NMMC-174669

 

 

34


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

ELK-0008

 

327753

 

27

 

7157

 

NMMC-174670

 

 

ELK-0009

 

327754

 

27

 

7158

 

NMMC-174671

 

 

ELK-0010

 

327755

 

27

 

7159

 

NMMC-174672

 

 

ELK-0011

 

327756

 

27

 

7160

 

NMMC-174673

 

 

ELK-0012

 

327757

 

27

 

7161

 

NMMC-174674

 

 

ELK-0013

 

327758

 

27

 

7162

 

NMMC-174675

 

 

ELK-0014

 

327759

 

27

 

7163

 

NMMC-174676

 

 

ELK-0015

 

327760

 

27

 

7164

 

NMMC-174677

 

 

ELK-0016

 

327761

 

27

 

7165

 

NMMC-174678

 

 

ELK-0017

 

327762

 

27

 

7166

 

NMMC-174679

 

 

ELK-0018

 

327763

 

27

 

7167

 

NMMC-174680

 

 

ELK-0019

 

327764

 

27

 

7168

 

NMMC-174681

 

 

ELK-0020

 

327765

 

27

 

7169

 

NMMC-174682

 

 

ELK-0021

 

327766

 

27

 

7170

 

NMMC-174683

 

 

ELK-0022

 

327767

 

27

 

7171

 

NMMC-174684

 

 

ELK-0023

 

327768

 

27

 

7172

 

NMMC-174685

 

 

ELK-0024

 

327769

 

27

 

7173

 

NMMC-174686

 

 

ELK-0025

 

327770

 

27

 

7174

 

NMMC-174687

 

 

ELK-0026

 

327771

 

27

 

7175

 

NMMC-174688

 

 

ELK-0027

 

327772

 

27

 

7176

 

NMMC-174689

 

 

ELK-0028

 

327773

 

27

 

7177

 

NMMC-174690

 

 

ELK-0029

 

327774

 

27

 

7178

 

NMMC-174691

 

 

ELK-0030

 

327775

 

27

 

7179

 

NMMC-174692

 

 

ELK-0031

 

327776

 

27

 

7180

 

NMMC-174693

 

 

ELK-0032

 

327777

 

27

 

7181

 

NMMC-174694

 

 

ELK-0033

 

327778

 

27

 

7182

 

NMMC-174695

 

 

ELK-0034

 

327779

 

27

 

7183

 

NMMC-174696

 

 

ELK-0035

 

327780

 

27

 

7184

 

NMMC-174697

 

 

ELK-0036

 

327781

 

27

 

7185

 

NMMC-174698

 

 

ELK-0037

 

327782

 

27

 

7186

 

NMMC-174699

 

 

ELK-0038

 

327783

 

27

 

7187

 

NMMC-174700

 

 

ELK-0039

 

327784

 

27

 

7188

 

NMMC-174701

 

 

ELK-0040

 

327785

 

27

 

7189

 

NMMC-174702

 

 

ELK-0041

 

327786

 

27

 

7190

 

NMMC-174703

 

 

ELK-0042

 

327787

 

27

 

7191

 

NMMC-174704

 

 

ELK-0043

 

327788

 

27

 

7192

 

NMMC-174705

 

 

ELK-0044

 

327789

 

27

 

7193

 

NMMC-174706

 

 

ELK-0045

 

343853

 

 

 

 

 

NMMC-174707

 

 

ELK-0046

 

343854

 

 

 

 

 

NMMC-174708

 

 

ELK-0047

 

327792

 

27

 

7196

 

NMMC-174709

 

 

ELK-0048

 

327793

 

27

 

7197

 

NMMC-174710

 

 

ELK-0049

 

327794

 

27

 

7198

 

NMMC-174711

 

 

ELK-0050

 

327795

 

27

 

7199

 

NMMC-174712

 

 

35


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

ELK-0051

 

327796

 

27

 

7200

 

NMMC-174713

 

 

ELK-0052

 

327797

 

27

 

7201

 

NMMC-174714

 

 

ELK-0053

 

327798

 

27

 

7202

 

NMMC-174715

 

 

ELK-0054

 

327799

 

27

 

7203

 

NMMC-174716

 

 

ELK-0060

 

326691

 

27

 

3811

 

NMMC-174630

 

 

ELK-0062

 

326672

 

27

 

3792

 

NMMC-174611

 

 

ELK-0063

 

343855

 

 

 

 

 

NMMC-174723

 

 

ELK-0064

 

343856

 

 

 

 

 

NMMC-174724

 

 

ELK-0065

 

343857

 

27

 

1

 

NMMC-174725

 

 

ELK-0066

 

343858

 

27

 

2

 

NMMC-174726

 

 

ELK-0067

 

343859

 

27

 

3

 

NMMC-174727

 

 

ELK-0068

 

343860

 

27

 

4

 

NMMC-174728

 

 

ELK-0069

 

343861

 

27

 

5

 

NMMC-174729

 

 

ELK-0070

 

343862

 

27

 

6

 

NMMC-174730

 

 

ELK-0071

 

343863

 

27

 

7

 

NMMC-174731

 

 

ELK-0072

 

343864

 

27

 

8

 

NMMC-174732

 

 

ELK-0073

 

327906

 

27

 

7571

 

NMMC-174733

 

 

ELK-0074

 

327907

 

27

 

7572

 

NMMC-174734

 

 

ELK-0075

 

327908

 

27

 

7573

 

NMMC-174735

 

 

ELK-0076

 

327909

 

27

 

7574

 

NMMC-174736

 

 

ELK-0077

 

327910

 

27

 

7575

 

NMMC-174737

 

 

ELK-0078

 

327911

 

27

 

7576

 

NMMC-174738

 

 

ELK-0079

 

327912

 

27

 

7577

 

NMMC-174739

 

 

ELK-0080

 

327913

 

27

 

7578

 

NMMC-174740

 

 

ELK-0081

 

327914

 

27

 

7579

 

NMMC-174741

 

 

ELK-0082

 

327915

 

27

 

7580

 

NMMC-174742

 

 

ELK-0083

 

327916

 

27

 

7581

 

NMMC-174743

 

 

ELK-0084

 

327917

 

27

 

7582

 

NMMC-174744

 

 

ELK-0085

 

327918

 

27

 

7583

 

NMMC-174745

 

 

ELK-0086

 

327919

 

27

 

7584

 

NMMC-174746

 

 

ELK-0087

 

327920

 

27

 

7585

 

NMMC-174747

 

 

ELK-0088

 

327921

 

27

 

7586

 

NMMC-174748

 

 

ELK-0089

 

327922

 

27

 

7587

 

NMMC-174749

 

 

ELK-0090

 

327923

 

27

 

7588

 

NMMC-174750

 

 

ELK-0091

 

327924

 

27

 

7589

 

NMMC-174751

 

 

ELK-0092

 

327925

 

27

 

7590

 

NMMC-174752

 

 

ELK-0093

 

327926

 

27

 

7591

 

NMMC-174753

 

 

ELK-0094

 

327927

 

27

 

7592

 

NMMC-174754

 

 

ELK-0095

 

327928

 

27

 

7593

 

NMMC-174755

 

 

ELK-0096

 

327929

 

27

 

7594

 

NMMC-174756

 

 

ELK-0097

 

327930

 

27

 

7595

 

NMMC-174757

 

 

ELK-0098

 

327931

 

27

 

7596

 

NMMC-174758

 

 

ELK-0099

 

327932

 

27

 

7597

 

NMMC-174759

 

 

36


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

ELK-0100

 

327933

 

27

 

7598

 

NMMC-174760

 

 

ELK-0101

 

327934

 

27

 

7599

 

NMMC-174761

 

 

ELK-0102

 

327935

 

27

 

7600

 

NMMC-174762

 

 

ELK-0103

 

327936

 

27

 

7601

 

NMMC-174763

 

 

ELK-0104

 

327937

 

27

 

7602

 

NMMC-174764

 

 

ELK-0105

 

327938

 

27

 

7603

 

NMMC-174765

 

 

ELK-0106

 

327939

 

27

 

7604

 

NMMC-174766

 

 

ELK-0107

 

327940

 

27

 

7605

 

NMMC-174767

 

 

ELK-0108

 

327941

 

27

 

7606

 

NMMC-174768

 

 

Xxxx-0001

 

316029

 

23

 

8024

 

NMMC-0171172

 

 

Xxxx-0002

 

316030

 

23

 

8025

 

NMMC-0171173

 

 

Xxxx-0003

 

316031

 

23

 

8026

 

NMMC-0171174

 

 

Xxxx-0004

 

316032

 

23

 

8027

 

NMMC-0171175

 

 

Xxxx-0005

 

316033

 

23

 

8028

 

NMMC-0171176

 

 

Xxxx-0006

 

316034

 

23

 

8029

 

NMMC-0171177

 

 

Xxxx-0008

 

316035

 

23

 

8030

 

NMMC-0171178

 

 

Xxxx-0009

 

316036

 

23

 

8031

 

NMMC-0171179

 

 

Xxxx-0010

 

316037

 

23

 

8032

 

NMMC-0171180

 

 

Xxxx-0011

 

316038

 

23

 

8033

 

NMMC-0171181

 

 

Xxxx-0012

 

316039

 

23

 

8034

 

NMMC-0171182

 

 

Xxxx-0014

 

316040

 

23

 

8035

 

NMMC-0171183

 

 

Xxxx-0015

 

316041

 

23

 

8036

 

NMMC-0171184

 

 

Xxxx-0016

 

316042

 

23

 

8037

 

NMMC-0171185

 

 

Xxxx-0017

 

316043

 

23

 

8038

 

NMMC-0171186

 

 

Xxxx-0018

 

316044

 

23

 

8039

 

NMMC-0171187

 

 

Xxxx-0019

 

316045

 

23

 

8040

 

NMMC-0171188

 

 

Xxxx-0020

 

316046

 

23

 

8041

 

NMMC-0171189

 

 

Xxxx-0021

 

316047

 

23

 

8042

 

NMMC-0171190

 

 

Xxxx-0022

 

316048

 

23

 

8043

 

NMMC-0171191

 

 

Xxxx-0023

 

316049

 

23

 

8044

 

NMMC-0171192

 

 

Xxxx-0024

 

316050

 

23

 

8045

 

NMMC-0171193

 

 

Xxxx-0025

 

316051

 

23

 

8046

 

NMMC-0171194

 

 

Xxxx-0026

 

316052

 

23

 

8047

 

NMMC-0171195

 

 

Xxxx-0027

 

316053

 

23

 

8048

 

NMMC-0171196

 

 

Xxxx-0028

 

316054

 

23

 

8049

 

NMMC-0171197

 

 

Xxxx-0029

 

316055

 

23

 

8050

 

NMMC-0171198

 

 

Xxxx-0030

 

316056

 

23

 

8051

 

NMMC-0171199

 

 

Xxxx-0031

 

316057

 

23

 

8052

 

NMMC-0171200

 

 

Xxxx-0032

 

316058

 

23

 

8053

 

NMMC-0171201

 

 

37


 

 

Xxxx-0033

 

316059

 

23

 

8054

 

NMMC-0171202

 

 

38

 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

Xxxx-0077

 

316103

 

23

 

8098

 

NMMC-0171246

 

 

Xxxx-0078

 

316104

 

23

 

8099

 

NMMC-0171247

 

 

Xxxx-0079

 

316105

 

23

 

8100

 

NMMC-0171248

 

 

Xxxx-0080

 

316106

 

23

 

8101

 

NMMC-0171249

 

 

Xxxx-0081

 

316107

 

23

 

8102

 

NMMC-0171250

 

 

Xxxx-0082

 

316108

 

23

 

8103

 

NMMC-0171251

 

 

Xxxx-0083

 

316109

 

23

 

8104

 

NMMC-0171252

 

 

Xxxx-0084

 

316110

 

23

 

8105

 

NMMC-0171253

 

 

Xxxx-0085

 

316111

 

23

 

8106

 

NMMC-0171254

 

 

Xxxx-0086

 

316112

 

23

 

8107

 

NMMC-0171255

 

 

Xxxx-0087

 

316113

 

23

 

8108

 

NMMC-0171256

 

 

Xxxx-0088

 

316114

 

23

 

8109

 

NMMC-0171257

 

 

Xxxx-0089

 

316115

 

23

 

8110

 

NMMC-0171258

 

 

Xxxx-0090

 

316116

 

23

 

8111

 

NMMC-0171259

 

 

Xxxx-0091

 

316117

 

23

 

8112

 

NMMC-0171260

 

 

Xxxx-0092

 

316118

 

23

 

8113

 

NMMC-0171261

 

 

Xxxx-0093

 

316119

 

23

 

8114

 

NMMC-0171262

 

 

Xxxx-0094

 

316120

 

23

 

8115

 

NMMC-0171263

 

 

Xxxx-0095

 

316121

 

23

 

8116

 

NMMC-0171264

 

 

Xxxx-0096

 

316122

 

23

 

8117

 

NMMC-0171265

 

 

Xxxx-0097

 

316123

 

23

 

8118

 

NMMC-0171266

 

 

Xxxx-0098

 

316124

 

23

 

8119

 

NMMC-0171267

 

 

Xxxx-0104

 

316125

 

23

 

8120

 

NMMC-0171268

 

 

Xxxx-0105

 

316126

 

23

 

8121

 

NMMC-0171269

 

 

Xxxx-0112

 

316127

 

23

 

8122

 

NMMC-0171270

 

 

Xxxx-0122

 

316128

 

23

 

8123

 

NMMC-0171271

 

 

Xxxx-0123

 

316129

 

23

 

8124

 

NMMC-0171272

 

 

Xxxx-0124

 

316130

 

23

 

8125

 

NMMC-0171273

 

 

Xxxx-0125

 

316131

 

23

 

8126

 

NMMC-0171274

 

 

Xxxx-0126

 

316132

 

23

 

8127

 

NMMC-0171275

 

 

Xxxx-0127

 

316133

 

23

 

8128

 

NMMC-0171276

 

 

Xxxx-0128

 

316134

 

23

 

8129

 

NMMC-0171277

 

 

Xxxx-0129

 

316135

 

23

 

8130

 

NMMC-0171278

 

 

Xxxx-0130

 

316136

 

23

 

8131

 

NMMC-0171279

 

 

Xxxx-0131

 

316137

 

23

 

8132

 

NMMC-0171280

 

 

Xxxx-0132

 

316138

 

23

 

8133

 

NMMC-0171281

 

 

Xxxx-0133

 

316139

 

23

 

8134

 

NMMC-0171282

 

 

Xxxx-0134

 

316140

 

23

 

8135

 

NMMC-0171283

 

 

Xxxx-0135

 

316141

 

23

 

8136

 

NMMC-0171284

 

 

Xxxx-0136

 

316142

 

23

 

8137

 

NMMC-0171285

 

 

Xxxx-0137

 

316143

 

23

 

8138

 

NMMC-0171286

 

 

Xxxx-0138

 

316144

 

23

 

8139

 

NMMC-0171287

 

 

Xxxx-0139

 

316145

 

23

 

8140

 

NMMC-0171288

 

 

39


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

Xxxx-0140

 

316146

 

23

 

8141

 

NMMC-0171289

 

 

Xxxx-0141

 

316147

 

23

 

8142

 

NMMC-0171290

 

 

Xxxx-0142

 

316148

 

23

 

8143

 

NMMC-0171291

 

 

Xxxx-0143

 

316149

 

23

 

8144

 

NMMC-0171292

 

 

Xxxx-0144

 

316150

 

23

 

8145

 

NMMC-0171293

 

 

Xxxx-0145

 

316151

 

23

 

8146

 

NMMC-0171294

 

 

Xxxx-0146

 

316152

 

23

 

8147

 

NMMC-0171295

 

 

Xxxx-0147

 

316153

 

23

 

8148

 

NMMC-0171296

 

 

Xxxx-0148

 

316154

 

23

 

8149

 

NMMC-0171297

 

 

Xxxx-0149

 

316155

 

23

 

8150

 

NMMC-0171298

 

 

Xxxx-0150

 

316156

 

23

 

8151

 

NMMC-0171299

 

 

Xxxx-0151

 

316157

 

23

 

8152

 

NMMC-0171300

 

 

Xxxx-0152

 

316158

 

23

 

8153

 

NMMC-0171301

 

 

Xxxx-0153

 

316159

 

23

 

8154

 

NMMC-0171302

 

 

Xxxx-0154

 

316160

 

23

 

8155

 

NMMC-0171303

 

 

Xxxx-0155

 

316161

 

23

 

8156

 

NMMC-0171304

 

 

Xxxx-0156

 

316162

 

23

 

8157

 

NMMC-0171305

 

 

Xxxx-0157

 

316163

 

23

 

8158

 

NMMC-0171306

 

 

Xxxx-0158

 

316164

 

23

 

8159

 

NMMC-0171307

 

 

Xxxx-0159

 

316165

 

23

 

8160

 

NMMC-0171308

 

 

Xxxx-0160

 

316166

 

23

 

8161

 

NMMC-0171309

 

 

Xxxx-0161

 

316167

 

23

 

8162

 

NMMC-0171310

 

 

Xxxx-0162

 

316168

 

23

 

8163

 

NMMC-0171311

 

 

Xxxx-0163

 

316169

 

23

 

8164

 

NMMC-0171312

 

 

Xxxx-0164

 

316170

 

23

 

8165

 

NMMC-0171313

 

 

Xxxx-0165

 

316171

 

23

 

8166

 

NMMC-0171314

 

 

Xxxx-0166

 

316172

 

23

 

8167

 

NMMC-0171315

 

 

Xxxx-0167

 

316173

 

23

 

8168

 

NMMC-0171316

 

 

Xxxx-0168

 

316174

 

23

 

8169

 

NMMC-0171317

 

 

Xxxx-0169

 

316175

 

23

 

8170

 

NMMC-0171318

 

 

Xxxx-0170

 

316176

 

23

 

8171

 

NMMC-0171319

 

 

Xxxx-0171

 

316177

 

23

 

8172

 

NMMC-0171320

 

 

Xxxx-0172

 

316178

 

23

 

8173

 

NMMC-0171321

 

 

Xxxx-0173

 

316179

 

23

 

8174

 

NMMC-0171322

 

 

Xxxx-0174

 

316180

 

23

 

8175

 

NMMC-0171323

 

 

Xxxx-0175

 

316181

 

23

 

8176

 

NMMC-0171324

 

 

Xxxx-0176

 

316182

 

23

 

8177

 

NMMC-0171325

 

 

Xxxx-0177

 

316183

 

23

 

8178

 

NMMC-0171326

 

 

Xxxx-0178

 

316184

 

23

 

8179

 

NMMC-0171327

 

 

Xxxx-0179

 

316185

 

23

 

8180

 

NMMC-0171328

 

 

Xxxx-0180

 

316186

 

23

 

8181

 

NMMC-0171329

 

 

Xxxx-0181

 

316187

 

23

 

8182

 

NMMC-0171330

 

 

Xxxx-0182

 

316188

 

23

 

8183

 

NMMC-0171331

 

 

40


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

Xxxx-0183

 

316189

 

23

 

8184

 

NMMC-0171332

 

 

Xxxx-0184

 

316190

 

23

 

8185

 

NMMC-0171333

 

 

GIL-0003

 

322907

 

26

 

1951

 

NMMC-173422

 

 

GIL-0004

 

322908

 

26

 

1952

 

NMMC-173423

 

 

GIL-0005

 

322909

 

26

 

1953

 

NMMC-173424

 

 

GIL-0006

 

322910

 

26

 

1954

 

NMMC-173425

 

 

GIL-0007

 

322911

 

26

 

1955

 

NMMC-173426

 

 

GIL-0009

 

322912

 

26

 

1956

 

NMMC-173427

 

 

GIL-0010

 

322913

 

26

 

1957

 

NMMC-173428

 

 

GIL-0011

 

322914

 

26

 

1958

 

NMMC-173429

 

 

GIL-0012

 

322915

 

26

 

1959

 

NMMC-173430

 

 

GIL-0013

 

322916

 

26

 

1960

 

NMMC-173431

 

 

GIL-0014

 

322917

 

26

 

1961

 

NMMC-173432

 

 

GIL-0015

 

322918

 

26

 

1962

 

NMMC-173433

 

 

GIL-0016

 

322919

 

26

 

1963

 

NMMC-173434

 

 

GIL-0017

 

322920

 

26

 

1964

 

NMMC-173435

 

 

GIL-0018

 

322921

 

26

 

1965

 

NMMC-173436

 

 

GIL-0019

 

322922

 

26

 

1966

 

NMMC-173437

 

 

GIL-0020

 

322923

 

26

 

1967

 

NMMC-173438

 

 

GIL-0021

 

322924

 

26

 

1968

 

NMMC-173439

 

 

GIL-0023

 

322925

 

26

 

1969

 

NMMC-174454

 

 

PTI-0001

 

326579

 

27

 

3699

 

NMMC-174518

 

 

PTI-0002

 

326580

 

27

 

3700

 

NMMC-174519

 

 

PTI-0003

 

326581

 

27

 

3701

 

NMMC-174520

 

 

PTI-0004

 

326582

 

27

 

3702

 

NMMC-174521

 

 

PTI-0005

 

326583

 

27

 

3703

 

NMMC-174522

 

 

PTI-0006

 

326584

 

27

 

3704

 

NMMC-174523

 

 

PTI-0007

 

326585

 

27

 

3705

 

NMMC-174524

 

 

PTI-0008

 

326587

 

27

 

3707

 

NMMC-174525

 

 

PTI-0009

 

326589

 

27

 

3709

 

NMMC-174526

 

 

PTI-0010

 

326586

 

27

 

3706

 

NMMC-174527

 

 

PTI-0011

 

326590

 

27

 

3710

 

NMMC-174528

 

 

PTI-0012

 

326588

 

27

 

3708

 

NMMC-174529

 

 

PTI-0013

 

326595

 

27

 

3715

 

NMMC-174534

 

 

PTI-0014

 

326594

 

27

 

3714

 

NMMC-174533

 

 

PTI-0015

 

326593

 

27

 

3713

 

NMMC-174532

 

 

PTI-0016

 

326592

 

27

 

3712

 

NMMC-174531

 

 

PTI-0017

 

326591

 

27

 

3711

 

NMMC-174530

 

 

PTI-0018

 

326604

 

27

 

3724

 

NMMC-174543

 

 

PTI-0019

 

326603

 

27

 

3723

 

NMMC-174542

 

 

PTI-0020

 

326602

 

27

 

3722

 

NMMC-174541

 

 

PTI-0026

 

326202

 

27

 

2446

 

NMMC-174465

 

 

PTI-0027

 

326203

 

27

 

2447

 

NMMC-174466

 

 

41


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

PTI-0028

 

326204

 

27

 

2448

 

NMMC-174467

 

 

PTI-0029

 

326205

 

27

 

2449

 

NMMC-174468

 

 

PTI-0030

 

326206

 

27

 

2450

 

NMMC-174469

 

 

PTI-0031

 

326207

 

27

 

2451

 

NMMC-174470

 

 

PTI-0032

 

326208

 

27

 

2452

 

NMMC-174471

 

 

PTI-0033

 

326209

 

27

 

2453

 

NMMC-174472

 

 

PTI-0034

 

326210

 

27

 

2454

 

NMMC-174473

 

 

PTI-0035

 

326211

 

27

 

2455

 

NMMC-174474

 

 

PTI-0036

 

326212

 

27

 

2456

 

NMMC-174475

 

 

PTI-0037

 

326213

 

27

 

2457

 

NMMC-174476

 

 

PTI-0038

 

343816

 

 

 

 

 

NMMC-174540

 

 

PTI-0039

 

343817

 

 

 

 

 

NMMC-174539

 

 

PTI-0040

 

343818

 

 

 

 

 

NMMC-174538

 

 

PTI-0041

 

343819

 

 

 

 

 

NMMC-174537

 

 

PTI-0042

 

343820

 

 

 

 

 

NMMC-174536

 

 

PTI-0043

 

343821

 

 

 

 

 

NMMC-174535

 

 

PTI-0044

 

343822

 

 

 

 

 

NMMC-174549

 

 

PTI-0045

 

343823

 

 

 

 

 

NMMC-174548

 

 

PTI-0046

 

343824

 

 

 

 

 

NMMC-174547

 

 

PTI-0047

 

343825

 

 

 

 

 

NMMC-174546

 

 

PTI-0048

 

343826

 

 

 

 

 

NMMC-174545

 

 

PTI-0049

 

326605

 

27

 

3725

 

NMMC-174544

 

 

PTI-0050

 

343827

 

 

 

 

 

NMMC-174555

 

 

PTI-0051

 

326613

 

27

 

3733

 

NMMC-174552

 

 

PTI-0052

 

343828

 

 

 

 

 

NMMC-174554

 

 

PTI-0053

 

326614

 

27

 

3734

 

NMMC-174553

 

 

PTI-0054

 

343829

 

 

 

 

 

NMMC-174551

 

 

PTI-0055

 

326611

 

27

 

3731

 

NMMC-174550

 

 

PTI-0056

 

343830

 

 

 

 

 

NMMC-174563

 

 

PTI-0057

 

326623

 

27

 

3743

 

NMMC-174562

 

 

PTI-0058

 

343831

 

 

 

 

 

NMMC-174561

 

 

PTI-0059

 

326621

 

27

 

3741

 

NMMC-174560

 

 

PTI-0060

 

343832

 

 

 

 

 

NMMC-174559

 

 

PTI-0061

 

326619

 

27

 

3739

 

NMMC-174558

 

 

PTI-0062

 

343833

 

 

 

 

 

NMMC-174557

 

 

PTI-0063

 

326617

 

27

 

3737

 

NMMC-174556

 

 

PTI-0064

 

343834

 

 

 

 

 

NMMC-174570

 

 

PTI-0065

 

326630

 

27

 

3750

 

NMMC-174569

 

 

PTI-0066

 

326629

 

27

 

3749

 

NMMC-174568

 

 

PTI-0067

 

326628

 

27

 

3748

 

NMMC-174567

 

 

PTI-0068

 

326627

 

27

 

3747

 

NMMC-174566

 

 

PTI-0069

 

326626

 

27

 

3746

 

NMMC-174565

 

 

PTI-0070

 

326625

 

27

 

3745

 

NMMC-174564

 

 

42


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

PTI-0071

 

326640

 

27

 

3760

 

NMMC-174579

 

 

PTI-0072

 

326639

 

27

 

3759

 

NMMC-174578

 

 

PTI-0073

 

326638

 

27

 

3758

 

NMMC-174577

 

 

PTI-0074

 

326637

 

27

 

3757

 

NMMC-174576

 

 

PTI-0075

 

326636

 

27

 

3756

 

NMMC-174575

 

 

PTI-0076

 

326635

 

27

 

3755

 

NMMC-174574

 

 

PTI-0077

 

326634

 

27

 

3754

 

NMMC-174573

 

 

PTI-0078

 

326633

 

27

 

3753

 

NMMC-174572

 

 

PTI-0079

 

326632

 

27

 

3752

 

NMMC-174571

 

 

PTI-0080

 

326655

 

27

 

3775

 

NMMC-174594

 

 

PTI-0081

 

326654

 

27

 

3774

 

NMMC-174593

 

 

PTI-0082

 

326653

 

27

 

3773

 

NMMC-174592

 

 

PTI-0083

 

326652

 

27

 

3772

 

NMMC-174591

 

 

PTI-0084

 

326651

 

27

 

3771

 

NMMC-174590

 

 

PTI-0085

 

343835

 

 

 

 

 

NMMC-174589

 

 

PTI-0086

 

326649

 

27

 

3769

 

NMMC-174588

 

 

PTI-0087

 

343836

 

 

 

 

 

NMMC-174587

 

 

PTI-0088

 

326647

 

27

 

3767

 

NMMC-174586

 

 

PTI-0089

 

343837

 

 

 

 

 

NMMC-174585

 

 

PTI-0090

 

326645

 

27

 

3765

 

NMMC-174584

 

 

PTI-0091

 

343838

 

 

 

 

 

NMMC-174583

 

 

PTI-0092

 

326643

 

27

 

3763

 

NMMC-174582

 

 

PTI-0093

 

343839

 

 

 

 

 

NMMC-174581

 

 

PTI-0094

 

326641

 

27

 

3761

 

NMMC-174580

 

 

PTI-0095

 

343840

 

 

 

 

 

NMMC-174600

 

 

PTI-0096

 

326660

 

27

 

3780

 

NMMC-174599

 

 

PTI-0097

 

343841

 

 

 

 

 

NMMC-174598

 

 

PTI-0098

 

326658

 

27

 

3778

 

NMMC-174597

 

 

PTI-0099

 

343842

 

 

 

 

 

NMMC-174596

 

 

PTI-0100

 

326656

 

27

 

3776

 

NMMC-174595

 

 

PTI-0101

 

343843

 

 

 

 

 

NMMC-174605

 

 

PTI-0102

 

326665

 

27

 

3785

 

NMMC-174604

 

 

PTI-0103

 

343844

 

 

 

 

 

NMMC-174603

 

 

PTI-0104

 

326663

 

27

 

3783

 

NMMC-174602

 

 

PTI-0105

 

343845

 

 

 

 

 

NMMC-174601

 

 

PTI-0106

 

326667

 

27

 

3787

 

NMMC-174606

 

 

PTI-0107

 

343846

 

 

 

 

 

NMMC-174607

 

 

PTI-0109

 

343847

 

 

 

 

 

NMMC-174608

 

 

PTI-0110

 

326670

 

27

 

3790

 

NMMC-174609

 

 

PTI-0111

 

343848

 

 

 

 

 

NMMC-174610

 

 

PTI-0112

 

326673

 

27

 

3793

 

NMMC-174612

 

 

PTI-0113

 

343849

 

 

 

 

 

NMMC-174613

 

 

PTI-0114

 

326675

 

27

 

3795

 

NMMC-174614

 

 

43

 

 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

PTI-0115

 

343850

 

 

 

 

 

NMMC-174615

 

 

PTI-0116

 

326677

 

27

 

3797

 

NMMC-174616

 

 

PTI-0117

 

343851

 

 

 

 

 

NMMC-174617

 

 

PTI-0118

 

326679

 

27

 

3799

 

NMMC-174618

 

 

PTI-0119

 

343852

 

 

 

 

 

NMMC-174619

 

 

PTI-0120

 

326681

 

27

 

3801

 

NMMC-174620

 

 

PTI-0121

 

326682

 

27

 

3802

 

NMMC-174621

 

 

PTI-0122

 

326683

 

27

 

3803

 

NMMC-174622

 

 

PTI-0123

 

326684

 

27

 

3804

 

NMMC-174623

 

 

PTI-0124

 

326685

 

27

 

3805

 

NMMC-174624

 

 

PTI-0125

 

326686

 

27

 

3806

 

NMMC-174625

 

 

PTI-0126

 

326687

 

27

 

3807

 

NMMC-174626

 

 

PTI-0127

 

326688

 

27

 

3808

 

NMMC-174627

 

 

PTI-0128

 

326689

 

27

 

3809

 

NMMC-174628

 

 

PTI-0129

 

326690

 

27

 

3810

 

NMMC-174629

 

 

REM-0001

 

321373

 

25

 

7222

 

NMMC-173177

 

 

REM-0002

 

321374

 

25

 

7223

 

NMMC-173178

 

 

REM-0003

 

321375

 

25

 

7224

 

NMMC-173179

 

 

REM-0004

 

321376

 

25

 

7225

 

NMMC-173180

 

 

REM-0005

 

321377

 

25

 

7226

 

NMMC-173181

 

 

REM-0006

 

321378

 

25

 

7227

 

NMMC-173182

 

 

REM-0007

 

321379

 

25

 

7228

 

NMMC-173183

 

 

REM-0008

 

321380

 

25

 

7229

 

NMMC-173184

 

 

REM-0009

 

321381

 

25

 

7230

 

NMMC-173185

 

 

REM-0010

 

321382

 

25

 

7231

 

NMMC-173186

 

 

REM-0011

 

321383

 

25

 

7232

 

NMMC-173187

 

 

REM-0012

 

321384

 

25

 

7233

 

NMMC-173188

 

 

REM-0013

 

321385

 

25

 

7234

 

NMMC-173189

 

 

REM-0014

 

321386

 

25

 

7235

 

NMMC-173190

 

 

REM-0015

 

321387

 

25

 

7236

 

NMMC-173191

 

 

REM-0016

 

321388

 

25

 

7237

 

NMMC-173192

 

 

REM-0017

 

321389

 

25

 

7238

 

NMMC-173193

 

 

REM-0018

 

321390

 

25

 

7239

 

NMMC-173194

 

 

REM-0019

 

321391

 

25

 

7240

 

NMMC-173195

 

 

REM-0020

 

321392

 

25

 

7241

 

NMMC-173196

 

 

REM-0021

 

321393

 

25

 

7242

 

NMMC-173197

 

 

REM-0022

 

321394

 

25

 

7243

 

NMMC-173198

 

 

REM-0023

 

321395

 

25

 

7244

 

NMMC-173199

 

 

REM-0024

 

321396

 

25

 

7245

 

NMMC-173200

 

 

REM-0025

 

321397

 

25

 

7246

 

NMMC-173201

 

 

REM-0026

 

321398

 

25

 

7247

 

NMMC-173202

 

 

REM-0027

 

321399

 

25

 

7248

 

NMMC-173203

 

 

REM-0028

 

321400

 

25

 

7249

 

NMMC-173204

 

 

44


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

REM-0029

 

321401

 

25

 

7250

 

NMMC-173205

 

 

REM-0030

 

321402

 

25

 

7251

 

NMMC-173206

 

 

REM-0031

 

321403

 

25

 

7252

 

NMMC-173207

 

 

REM-0032

 

321404

 

25

 

7253

 

NMMC-173208

 

 

REM-0033

 

321405

 

25

 

7254

 

NMMC-173209

 

 

REM-0034

 

321406

 

25

 

7255

 

NMMC-173210

 

 

REM-0035

 

321407

 

25

 

7256

 

NMMC-173211

 

 

REM-0036

 

321408

 

25

 

7257

 

NMMC-173212

 

 

REM-0037

 

321409

 

25

 

7258

 

NMMC-173213

 

 

REM-0038

 

321410

 

25

 

7259

 

NMMC-173214

 

 

REM-0039

 

321411

 

25

 

7260

 

NMMC-173215

 

 

REM-0040

 

321412

 

25

 

7261

 

NMMC-173216

 

 

REM-0041

 

321413

 

25

 

7262

 

NMMC-173217

 

 

REM-0042

 

321414

 

25

 

7263

 

NMMC-173218

 

 

REM-0043

 

321415

 

25

 

7264

 

NMMC-173219

 

 

REM-0044

 

321416

 

25

 

7265

 

NMMC-173220

 

 

REM-0045

 

321417

 

25

 

7266

 

NMMC-173221

 

 

REM-0046

 

321418

 

25

 

7267

 

NMMC-173222

 

 

ZAC-0001

 

321419

 

25

 

7268

 

NMMC-173223

 

 

ZAC-0002

 

321420

 

25

 

7269

 

NMMC-173224

 

 

ZAC-0003

 

321421

 

25

 

7270

 

NMMC-173225

 

 

ZAC-0004

 

321422

 

25

 

7271

 

NMMC-173226

 

 

ZAC-0005

 

321423

 

25

 

7272

 

NMMC-173227

 

 

ZAC-0006

 

321424

 

25

 

7273

 

NMMC-173228

 

 

ZAC-0007

 

321425

 

25

 

7274

 

NMMC-173229

 

 

ZAC-0008

 

321426

 

25

 

7275

 

NMMC-173230

 

 

ZAC-0009

 

321427

 

25

 

7276

 

NMMC-173231

 

 

ZAC-0010

 

321428

 

25

 

7277

 

NMMC-173232

 

 

ZAC-0011

 

321429

 

25

 

7278

 

NMMC-173233

 

 

ZAC-0012

 

321430

 

25

 

7279

 

NMMC-173234

 

 

ZAC-0013

 

321431

 

25

 

7280

 

NMMC-173235

 

 

ZAC-0014

 

321432

 

25

 

7281

 

NMMC-173236

 

 

ZAC-0015

 

321433

 

25

 

7282

 

NMMC-173237

 

 

ZAC-0016

 

321434

 

25

 

7283

 

NMMC-173238

 

 

ZAC-0017

 

321435

 

25

 

7284

 

NMMC-173239

 

 

ZAC-0018

 

321436

 

25

 

7285

 

NMMC-173240

 

 

ZAC-0019

 

321437

 

25

 

7286

 

NMMC-173241

 

 

ZAC-0020

 

321438

 

25

 

7287

 

NMMC-173242

 

 

ZAC-0021

 

321439

 

25

 

7288

 

NMMC-173243

 

 

ZAC-0022

 

321440

 

25

 

7289

 

NMMC-173244

 

 

ZAC-0023

 

321441

 

25

 

7290

 

NMMC-173245

 

 

ZAC-0024

 

321442

 

25

 

7291

 

NMMC-173246

 

 

ZAC-0025

 

321443

 

25

 

7292

 

NMMC-173247

 

 

45


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

ZAC-0026

 

321444

 

25

 

7293

 

NMMC-173248

 

 

ZAC-0027

 

321445

 

25

 

7294

 

NMMC-173249

 

 

ZAC-0028

 

321446

 

25

 

7295

 

NMMC-173250

 

 

ZAC-0029

 

321447

 

25

 

7296

 

NMMC-173251

 

 

ZAC-0030

 

321448

 

25

 

7297

 

NMMC-173252

 

 

ZAC-0031

 

321449

 

25

 

7298

 

NMMC-173253

 

 

ZAC-0032

 

321450

 

25

 

7299

 

NMMC-173254

 

 

ZAC-0033

 

321451

 

25

 

7300

 

NMMC-173255

 

 

ZAC-0034

 

321452

 

25

 

7301

 

NMMC-173256

 

 

ZAC-0035

 

321453

 

25

 

7302

 

NMMC-173257

 

 

ZAC-0036

 

321454

 

25

 

7303

 

NMMC-173258

 

 

ZAC-0037

 

321455

 

25

 

7304

 

NMMC-173259

 

 

ZAC-0038

 

321456

 

25

 

7305

 

NMMC-173260

 

 

ZAC-0039

 

321457

 

25

 

7306

 

NMMC-173261

 

 

ZAC-0040

 

321458

 

25

 

7307

 

NMMC-173262

 

 

ZAC-0041

 

321459

 

25

 

7308

 

NMMC-173263

 

 

ZAC-0042

 

321460

 

25

 

7309

 

NMMC-173264

 

 

ZAC-0043

 

321461

 

25

 

7310

 

NMMC-173265

 

 

ZAC-0044

 

321462

 

25

 

7311

 

NMMC-173266

 

 

ZAC-0045

 

321463

 

25

 

7312

 

NMMC-173267

 

 

ZAC-0046

 

321464

 

25

 

7313

 

NMMC-173268

 

 

ZAC-0047

 

321465

 

25

 

7314

 

NMMC-173269

 

 

ZAC-0048

 

321466

 

25

 

7315

 

NMMC-173270

 

 

ZAC-0049

 

321467

 

25

 

7316

 

NMMC-173271

 

 

ZAC-0050

 

321468

 

25

 

7317

 

NMMC-173272

 

 

ZAC-0051

 

321469

 

25

 

7318

 

NMMC-173273

 

 

ZAC-0052

 

321470

 

25

 

7319

 

NMMC-173274

 

 

ZAC-0053

 

321471

 

25

 

7320

 

NMMC-173275

 

 

ZAC-0054

 

321472

 

25

 

7321

 

NMMC-173276

 

 

ZAC-0055

 

321473

 

25

 

7322

 

NMMC-173277

 

 

ZAC-0056

 

321474

 

25

 

7323

 

NMMC-173278

 

 

ZAC-0057

 

321475

 

25

 

7324

 

NMMC-173279

 

 

ZAC-0058

 

321476

 

25

 

7325

 

NMMC-173280

 

 

ZAC-0059

 

321477

 

25

 

7326

 

NMMC-173281

 

 

ZAC-0060

 

321478

 

25

 

7327

 

NMMC-173282

 

 

ZAC-0061

 

321479

 

25

 

7328

 

NMMC-172966

 

 

ZAC-0062

 

321480

 

25

 

7329

 

NMMC-172967

 

 

ZAC-0063

 

321481

 

25

 

7330

 

NMMC-172968

 

 

ZAC-0064

 

321482

 

25

 

7331

 

NMMC-172969

 

 

ZAC-0065

 

321483

 

25

 

7332

 

NMMC-172970

 

 

ZAC-0066

 

321484

 

25

 

7333

 

NMMC-172971

 

 

ZAC-0067

 

321485

 

25

 

7334

 

NMMC-172972

 

 

ZAC-0068

 

321486

 

25

 

7335

 

NMMC-172973

 

 

46


 

 

Claim Name

 

County Docket

 

Book

 

Page

 

BLM Serial No

 

 

ZAC-0069

 

321487

 

25

 

7336

 

NMMC-172974

 

 

ZAC-0070

 

321488

 

25

 

7337

 

NMMC-172975

 

 

ZAC-0071

 

321489

 

25

 

7338

 

NMMC-172976

 

 

ZAC-0072

 

321490

 

25

 

7339

 

NMMC-172977

 

 

ZAC-0077

 

322588

 

26

 

1047

 

NMMC-173284

 

 

ZAC-0078

 

321491

 

25

 

7340

 

NMMC-172978

 

 

ZAC-0079

 

322589

 

26

 

1048

 

NMMC-173285

 

 

ZAC-0080

 

321492

 

25

 

7341

 

NMMC-172979

 

 

ZAC-0081

 

322587

 

26

 

1046

 

NMMC-173286

 

 

ZAC-0082

 

321493

 

25

 

7342

 

NMMC-172980

 

 

III.

State Leases

 

 

 

The following described New Mexico State Mineral Lease situated in XxXxxxxx County, New Mexico:

 

 

 

New Mexico State Land Office Mining Lease for General Mining

 

 

 

Lease No. HG-0078

 

 

 

Covering lands more particularly described as:

 

 

 

Township 14 North, Range 9 West of the N.M.P.M.

Section 36: All

 

 

IV.

Water Rights

 

 

 

NONE

 

47

 

 

Exhibit B

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Operating Equipment

 

 

ALL EQUIPMENT OWNED EXCEPT WHERE INDICATED

 

Equipment 
Number

 

Make/Model
MAJOR EQUIPMENT

 

Serial Number

 

Cat Lease

NONE

 

 

 

 

 

 

 

48


 

Light Vehicles

 

EQUIP. #

 

YEAR

 

MAKE

 

TYPE

 

XXXXX

 

XXXXXX #

XXXX

 

 

 

 

 

 

 

 

 

 

 

00


 

Exhibit C

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Material Agreements

 

 

No other Material Agreement other than disclosure in Exhibit A, Section I.(B).

 

50


 

Exhibit D

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

List of Title Reports and Opinions

 

 

Neutron Energy, Inc. Project, Fee Land Title Report, Portions of the Xxxx Xxxxxx Land Grant and Portions of the Cebolleta Land Grant, Cibola, XxXxxxxx and Xxxxxxxx Counties, New Mexico, prepared by Xxxxxxx X. Xxxxxxx at the request of Xxxxxxx Associates, Inc., March 15, 2010.

 

Neutron Energy, Inc. Project, Unpatented Mining Calims Title Report, Xxxxxx Group, Xxxx Group, and CLF, KAN, PTI, and Elk Groups, XxXxxxxx and Xxxxxxxx Counties, New Mexico, prepared by Xxxxxxx X. Xxxxxxx at the request of Xxxxxxx Associates, Inc., March 15, 2010.

 

Neutron Energy, Inc. Project, New Mexico State Mineral Lease Title Report, Mining Lease for General Mining HG-0078 SEciton 36 Township 14 North Range 9 West, N.M.P.M., XxXxxxxx County, New Mexico.

 

Fee Title Opinion dated October 10, 2006 by Xxxxx, Dickason, Sloan, Akin and Xxxx, P.A. re:  Fee land in XxXxxxxx and Xxxxxxxx Counties, New Mexico within the Town on Cebolleta Land Grant.

 

Unpatented Lode Mining Claim Title Opinoin dated March 16, 2006 by Xxxx X. Xxxxx of Xxxxx, Dickason, Sloan, Akin and Xxxx, P.A.

 

Mineral Fee Title Opinion dated April 27, 2007 by Xxxxx, Dickason, Sloan, Akin and Xxxx, P.A. re:  Fee land in Cibola County, New Mexico.

 

Leasehold Title Opinion dated March 14, 2006, prepared by Xxxx X. Xxxxx of Xxxxx, Dickason, Sloan, Akin and Xxxx, P.A., Re:  Section 36, Township 14 North, Range 9 West, NMPM, XxXxxxxx County, New Mexico.

 

51


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Filed: September 13th, 2011
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