TITLE REPORT FOR 2001 WEST VLIET STREET - Records ...

,: ' '

Rem it Payment To:

Capital Title & Closing Services, LLC 2300 North Mayfair Road, Suite 385 Wauwatosa, WI 53226

BIiied To: City of Milwaukee DNS 841 N Broadway, Room 105 Milwaukee, WI 53202

Property: 2001 West Vliet Street MIiwaukee, WI 53205 Milwaukee County

DESCRIPTION

Property/Letter Report

,h

INVOICE

Invoice Date: March 13, 2016 Please Pay Before: March 13, 2016

Our FIie Number: 2016030237 Your Reference Number:

Brief Legal:

Invoice Total Amount Due $

AMOUNT

45.00

45.00

(2016030237.PFD/2016030237/3)

I

CAPI'L\L Title & Closhig Senices, l,LC

2300 N Mayfair Road, Suite 385 Wauwatosa, WI 53226 414-476-8900

TITLE REPORT Type2 Report on Title No. 2016030237 Prepared for: City of Milwaukee

Dept of Neighborhood Services Condemnation Section 841 N Broadway, Room 105 Milwaukee, WI 53202

Parcel ID: 364-1201-111-7 Parcel Address: 2001 West Vliet Street, Milwaukee, WI 53205

1: Property Description: · Lots 1 through)2, inclusive, in Block 1 of Lynde's Addition in the Southwest 1/4 of Section 19, Township 7

North, Range 22 East, and the North 1/2 of the vacated West McKinley Avenue between North 20th Street and North 21st Street, all in the City of Milwaukee, Milwaukee County, Wisconsin.

2: Owner(s) of record: V.E. Carter Child Development Corporation NIKIA V.E. Carter Development Group, Inc. 2001 West Vliet Street, Milwaukee, WI 53205 Pursuant to Warranty deed recorded 12/06/91 as Document No. 6548637, copy attached.

3: Subject to the following easements or requirements:

Certified Copy of Resolution executed on 10/03/14 and recorded 10/17/14 as Document No. 10404562

4: We find the following unpaid mortgages:

Mortgage executed by V .E. Carter Development Group, Inc. FKA V .E. Carter Child Development Corporation to North Milwaukee State Bank 5630 W Fond du Lac Ave, Milwankee, WI 53216 dated 01/06/95 and recorded 02/23/95 as Document No. 7056195, securing the principal sum of $60,000.00, copy attached. Lis Pendens dated 10/28/14 and recorded 10/31/14 as Document No. 10408591.

Mortgage executed by V.E. Carter Development Group, Inc. to North Milwankee State Bank 5630 W Fond du Lac Ave, Milwaukee, WI 53216 dated 12/02/99 and recorded 12/06/99 as Document No. 7844426, securing the principal sum of $465,000.00, copy attached.

Mortgage executed by V.E. Carter Development Group to North Milwaukee State Bank 5630 W Fond du Lac Ave, Milwaukee, WI 53216 dated 12/23/03 and recorded 01/13/04 as Document No. 8716372, securing the principal sum of $300,000.00, copy attached. Affidavit of Correction dated 09/07/04 and recorded 09/21/04 as Document No. 08869461, copy attached.

Assignment of Leases and Rents executed by V.E. Carter Development Group, Inc. to North Milwaukee State Bank 5630 W Fond du Lac Ave, Milwankee, WI 53216 dated 12/23/03 and recorded 01/13/04 as Document No. 8716373, copy attached. Affidavit of Correction dated 09/07/04 and recorded 09/21/04 as Document No. 08869462, copy attached.

Mortgage executed by V .E. Carter Development Group, Inc., 2006 Revocable Trust of Lorraine P. Carter and Michael Carter to North Milwankee State Bank 5630 W Fond du Lac Ave, Milwaukee, WI 53216 dated 11/24/06 and recorded 12/22/06 as Document No. 9358139, securing the principal sum of $225,000.00, copy attached. Lis Pendens dated 10/28/14 and recorded 10/31/14 as Document No. 10408591.

Mortgage executed by V.E. Carter Development Inc., NKA V.E. Carter Development Group Inc to North Milwaukee State Bank 5630 W Fond du Lac Ave, Milwankee, WI 53216 dated 06/29/09 and recorded 07/06/09 as Document No. 9760675, securing the principal sum of $389,968.63, copy attached. Lis Pendens dated 10/28/14 and recorded 10/31/14 as Document No. 10408591.

Assigmnent of Leases and Rents executed by V.E. Carter Development Inc., NKA V.E. Carter Development Group Inc to North Milwaukee State Bank 5630 W Fond du Lac Ave, Milwaukee, WI 53216 dated 06/29/09 and recorded 07 /06/09 as Document No. 9760676, copy attached.

Mortgage executed by V.E. Carter Development Group Inc., AKA V.E. Carter Development, Inc to North Milwaukee State Bank 5630 W Fond du Lac Ave, Milwaukee, WI 53216 dated 08/30/10 and recorded 11/04/10 as Document No. 09935001, securing the principal sum of $25,000.00, copy attached.

5: The following unpaid judgments:

Judgment: Dept. of Workforce Development vs VE Carter Development Group Inc. docketed as Case No. 2011 UC004578, Office of the Clerk of Circuit Court for Milwaukee County. We are advised the amount due is $20,944.21 plus interest and penalty.

Judgment: Dept. of Workforce Development vs VE Carter Development Group Inc. docketed as Case No. 2014UC001154, Office of the Clerk of Circuit Court for Milwaukee County. We are advised the amount due is $1,257.43 plus interest and penalty.





Judgment: Dept. of Workforce Development vs VE Carter Development Group Inc. docketed as Case No. 2013CV009536, Office of the Clerk of Circuit Court for Milwaukee County. We are advised the amount due is $32,451.47 plus interest and penalty.

Judgment: City of Milwaukee vs VE Carter Development Group Inc. docketed as Case No. 2014TJ000002, Office of the Clerk of Circuit Court for Milwaukee County. We are advised the amount due is $1,110.00 plus interest and penalty.

6: Outstanding Federal Tax Liens and/or open bankruptcy:

Federal Tax Lien: United States Internal Revenue Service vs. V E Carter Development Group Inc. recorded 02/18/14 as Document No. 10336881, in the Office of the Register of Deeds for Milwaukee County, in the amount of $41,805.08.

This report is effective as of: 02/15/16

This report is provided for informational purposes only and is not intended for the use or benefit of any party except the named applicant. Use of this report by any person or for any purposes not intended, shall render this report invalid as of the date it was written. This report is limited in Scope; consequently the ownership and title may be unmarketable, defective, encumbered, or challenged by persons or entities whose names are not mentioned herein. This report is not intended to be, nor should it be construed as, a report or certificate providing information intended to be used in connection with the Environmental Response, Compensation, and Liability Act of 1980, as amended and similar environmental laws.

Sincerely,

Daniel Handle Authorized Agent of Capital Title & Closing Services, LLC 2300 N Mayfair Road, Suite 385 Wauwatosa, WI 53226

2015 CITY OF MILWAUKEE COMBINED PROPERTY TAX BILL ACCOUNT TYPE: REAL ESTATE

TAX KEY/ACCOUNT NO: 364-1201-111-7

LOCATION OF PROPERTY: 2001 W VLIET ST

LEGAL DESCRIPTION: PLAT PAGE 364-04 NEIGHBORHOOD 6254

LYNDE'S ADD'N IN SW 1/4 SEC 19-7-22

Spencer Coggs CITY TREASURER

CITY HALL, ROOM 103

200 EAST WELLS STREET

BLOCK 1 LOTS 1 TO 22 INCL+ N 1/2 VAC W MCKINLEY AVE ADJ

MILWAUKEE,WISCONSIN 53202

TELEPHONE: (414) 286-2240

TDD: (414) 286-2025

FAX: (414) 286-3186

VE CARTER DEVELOPMENT

GROUP INC

2001 W VLIET ST

MILWAUKEE WI

Claes

MER

Avg. Assmt. Ratio

0.9679

53205

A8aesame11t-Land

62,800

Est. Fair Mkt-Land

64,900

Assmt. -Improvements

267,200

Est. Fair Mkt.- Improv$111ents

276,100

Total Assessment

330,000

www.rnilwaukee.gov/treasurer

When you provide a check as payment, you authorize us either to use

information from your check to make a one-time electronic fund transfer

from your account, or to process the payment as a check transaclion.

*PRIOR TAXES ARE DELINQUENT*

Detail of Spgoial Assessments and other Charges

PAVING,C+G NF001759 1,243.11 DNS MISCELLANEOUS 963.30 SNOW REMOVAL 287.25

Total Est. Fair Market BUILDING NUISANCE 182.75

341,000 ADDITIONAL CHARGES 5,158.63

TOTAL 7,835.04

School taxes reduced by school levy tax credit 735 .11

Tax Levy 2014 Est. State Aids 2015 Est. State Aids 2014 Net Tax 2015 Net Tax

State of Wis. 58.51 57.59 Sewerage Dist. 591.06 592.12

Public Schools 642,426,030 642,984,466 3,510.18 3,367.25

Tech. College 6,509,685 27,019,275 437.84 426.82

County Govt. 24,604,984 24,421,741 1,757.98 1,742.43 City Govt. 251,243,160 251,344,009 3,535.55 3,501.60 Total 924,783,859 945,769,491 9,891.12 9,687.81

First Dollar Credit -80.42 -81.09 Lottery and Gaming Credit 0.00 0.00 Net Property Tax 9,810.70 9,606.72

Special Assessments and Charges 7,835.04

WARNING: If the first installment payment is not paid by the due date, the installment option ie lost. The total tax becomc;,s delinquent and is subject to interest and pgnalty charges. TOTAL DUE

Monthly Installment Payment Due: 1,838.66 Net Assessed FULL PAYMENT DUE February through July 2016 Value Rate ON OR BEFORE JAN. 31, 2016

Before Credits Monthly Installment Payment Dua: 1,523.69 29.357 FIRST INSTALIMENT PAYMENT August, September, and October 2016 DUE ON OR BEFORE JAN. 31, 2016

2015 CITY OF MILWAUKEE COMBINED PROPERTY TAX PAYMENT COUPON ACCOUNT TYPE; REAL ESTATE TAX KEY/ACCOUNT NO: 364-1201-111-7

LOCATION OF PROPERTY: 2001 w VLIET ST

CHECK FOR ADDRESS CHANGE

PAID UNDER PROTEST

VE CARTER DEVELOPMENT

GROUP INC

2001 W VLIET ST

MILWAUKEE WI 53205

Make Check Payable and Mail to:

CITY OF MILWAUKEE OFFICE OF THE CITY TREASURER PO BOX 78776 MILWAUKEE, WI 53278-0776

*PRIOR TAXES ARE DELINQUENT*

FULL PAYMENT DUE 01/31/2016

1ST INSTALIMENT

DUE 01/31/2016

PLEASE WRITE IN IIMOUNT ENCLOSED

$

%: Change

-1.5 +0.1

-4. 0

-2.5

-0.8 -0.9

-2.0

+0.8

-2.0

17,441.76

17,441.76

1,838.73

11 t 441. 76

1,838.73

M

0010160363641201111700017441760001838732

City of Milwaukee Property Tax Search ACCOl'!\"T n··PE: REAL ESTATE

TAXKEY/ACCOt:\l NO.: 364-1201-111-7

LOCATION OF PROPERTY: 2001 W VLIET ST

V E CARTER DEVELOPMENT 2001 W VLIET ST MILWAUKEE WI 53205

LEVY YEAR DA TE LAf,I f' 4.10

2015

PLAT PAGE: 364-04

N F O 01759

* ACTION FLG 201602000

BOND TYPE

ASSESSMENT LA;",;D

ASSESSi\fE.'\ff IMPROVF.:MEYl'S

62,800 267,200

LESS

OFFICE OF THE CITY TREASl!RER

crry HALL Rom .... 1 103

2(J0 EAST WELLS STREET MfL\VAUKEE, \.\'ISCONSTN 53:'.:02

TELEPHOJ\lT !414) 286-2240 - TDD: (4]4)286-2025 - FA .. X: (414)286-3186

When you provide: ..i che,.;;k as J.-Xl~'ment, you authoriz<! us eith~· to LJse information from your cbeck t(I ma.kc a

one-time dectrnnic fw1cl trru1sfer from your accow1t or to process the payment as a check tnmsaction.

PAVING, C+G, WALK

TOTAi. A~SF:SSED VALlfE

330,000

TOTAL

ASSESSMENT (TASS CODE

MERCANTILE

11\TEREST CALO:LATIO:\'. D.\TE

03/31/2016

CITY TAX SPECIALS COUNTY TAX CREDITS :>,TI TAX ACCOlTNT STATlTS INST'l,LD1El'ff STATUS

7,464.38 7,835.04 2,223.43 -81.09 17,441.76 RE DELINQUENT

LEVY NET NET i"EF-2, CITY COUNTY INTEREST PENALTY COST-FEE LINE T()T.SL

2015 15,236.94 2,204.82 348.84 174.42 0.00 17,965.02 * 2014 30,481.99 2,239.84 4,581.06 2,290.53 0.00 39,593.42 * 2013 24,226.44 o.oo 6,298.87 3,149.44 0.00 33,674.75 *

SUMMA..~Y NET CITY NET CrJ(It!TY INTEB.ES'? PENALTY COST-FEE TC:T.;L

69,945.37 4,444.66 11,228.77 5,614.39 o.oo 91,233.19 •

For more information about prope11y taxes. you may contact the Cit)' of Milwaukee, Office of the City Trl"asurer, at (4I4) 286-2240 between 8:15 ilm - 4:30 pm C<'nlnl Time, l\-Jonday thru F1;day.

Please note that the City of Mibt•aukee does not warrant the accuracy of the information which is hereby made al•ailable. Use of the information is at the risk of the user. This document was generated on March 09, 2016 , at 16:34:10.0 from http://itmdapps.milwaukee.gov/accountBalance/

'

WAfRANTY DEED - City of MIiwaukee bcc.79 DOCUMENT NO. I -~·EEL. 2 6 6 7 r.MAG. 5 7 8

THIS INDENTURE, Made this ........... /?}E.9 ................. day of. ............ ~.f.P.t!s!l\9.€\". ............................ , A.D. rn9..1 .... , between City of Milwaukee, a municipal corporation duly organized and existing unck-'r un<l by virtue of' the laws of the Stale of Wisconsin, located at Milwaukee, Wisconsin, party of the first part, und ................................... . ....................................................... v. E .... Carter .. Child .. Devel OP.ment .. Corporati_on .................................................... . ................................................................................................................................................ , pnrt,Y ....... of lhP sPC'ond purt.

WITNESSETH, That the said party of the first pa1·t, for and in consideration of the sum of' ............................... . ........................................................... One .. Hundred__F i ftv .. Thousand .. and .. No/1 OOths ............................ Dol.l_ars ...... .. ................................................................................ .L$150 ,.000 .. QO >.. ..................................................................................... . to h paid by the said partY ....... of the second part, the receipt whereof is hereby confessed and acknowledged, has given, granted, bargained, sold, remised, released, aliened, conveyed and confirmed. nnd by these presents does give, grant, bargain, sell, remise, release, alien, convey and confi1·m unto the said parl . .Y. ••.•• of the second part, .... Jt.~ ... ~.Y9.~~.~.~.9.f.~ ............ and assigns forever, the following described real estate, situated in the City of Milwaukee, County of Milwaukee and State of Wisconsin, to-wit:

Lots 1 thru 22, inclusive, in Block 1, in Lynde's Addition in the Southwest 1/4 of Section 19, Township 7 North, Range 22 East, and the North 1/2 of the vacated West McKinley Avenue between North 20th Street and North 21st Street.

\_ Address: 2014 W. McKinley Ave. Tax Key No.: 364-1201-111

(This Warranty Deed is issued in fulfillment of a Land Contract between the City of Milwaukee and the Milwaukee Board of School Directors, Vendors, and the V.E. Carter Child Development Corp.)

6548637 RECORD

SUBTOTHL romL CHAR&~

6[i48637 # 13. 70 1,1. 70 13. 70

13. 70 <EGIST£R'S 01':F'ICE:

l\,!flwaukee ,County, WI Jss ~ECOROED AT •D 15 AM M #161S40 COOl R03 Tll:17

RE DEC-61991 -EL oi<.,"7 IMAGE $7,J'..S-79

_(,),.v..,.£ ,a..,ra REGISTER . OF. OEEQS

TOGETHER with all and singular the hereditaments and appurtenances thereunto belonging or in any wise appertaining; and all the estate, right, title, interest, claim or demand whatsoever, of the said pat·ty of the first part, either in law or equity, either in possession or expectancy of, in und to the above bargained premises, and their hereditaments and appurtenances.

TO HAVE AND TO HOLD the said premises as above described with the hereclitaments nnd apput·tenunces, unto the said part.Y. ..... of the second part, and to ........ .J.t.~ .. -~.ur;~~-~-~.9.r.~ ....... and assigns POREVER.

AND THE SAID City of Milwaukee, party of the first pal'l, for itself and its successors, doea coven .. mt, grant, bargain and agree to and with the said partY. ...... of the second purl, .... .i.t.~ ... ~Uf.G:.~.$..?.Qr..~ ............ and as-signs, that at the time ot' the ensealing and delivery of these pt·esents it is well seized of the premises above described, as of u good, sure, perfect, absolute and indefeasible estate of inheritance in the law, in tee simple, and that the same are free and clear from all incumbrances whatever, and except zoning ordinances and recorded easements and restrictions, if any; and subject to all taxes, general or special, levied or assessed against said property from and after January 1, 1991;

nd that the above bargained premises in the quiet and peaceable possession of the said part Y ...... of the second art, ....... .i.ts. .. suc.c.e.ssor.s ......... and assigns. against all and every person or persons lawfully claiming the whole r any part thereof, it will forever WARRANT and DEFEND.

REEL 2667 IMAG 579 IN Wl'I'NE!SS W[-IEREOF, thC' suid City of Milwnuk<•f', party of' tlw first part. hns c-1:mserl these pre'sents to lJe

signed by ................... J.ohn .. O ..... nJ.o.r.qu.i.s.t ............................................................................................. , its Mayo1·. and by .................................... RQOR..l.O ... ~ ...... Le.o.9ha:r:-.dt ..................................... o-e··u.:c····. its Cit-:.• Clerk, and countersigned by ................................... J1.~ .. J1?.f.:t.1JJ.J:'!QrJ.f.$ .......................................... , irfcX:v ComptrollPI'. al Milwaukee, WisC'onsin, and its corporate senl lo he hf'reunto affixed, this .......... ?:_3.r.Q .............. dn:,.• of ·-····-------S.e.P.t~l.1'.!R!;!.t' ...........• A. D. HL9.1.

- . -Signed and sealed in prC'sence of

~~--t-ltti:W~------------~~~f!~~-i-f!'-M;r~--------------·--·------

CITY OF \11LWA~l !KE~E ~ , ~ ftv.----~--- -- J'ci . - - {N' ii s -- -·--- ------------------"";.iii~-;;;·

_ -- ,- ,_, -"'-~kL ·----- _;=,;;e,_,,__i/j,,:Q.. __ L_ __ c _____ _ Ronald D. Leonhardt · ~;.1t..v 1..,IC'rk

S'J'A'l'f,; OF WISCO:s/SIN, Mll,WAIJKEE COIJN'l'Y. SS, yd_ .

Personnlly c.-nmo hef'ore me this ....... ~-~-=-·-····-------- ch-ty of ...... S.e..rst-e.~~€.:V.:: ........................ , A. D. J0 __ 9, __ \, _________ ;:::y-.c,.¥,\.Y.':\.. .... 0.-...... C°:'Y:ly::_q.~~---···········-·······················---, Mn;>,•~;X'f-~i~0 nhove nnmecl rnunit•ipnl c.•orporution. lo me known to he the per~on who executed the:.• fbrcgoing instrument mul to me known to he such inu,vor of snirl nmnicipnl c-orporution, nn~-.m·\l'!;lM:W,1\1~}! thnt µexecuted the fo1·0g-oing in::-1trnmont as Rllc.'h of'fic0r us th(' cleerl ol' snid municipnl corpom-tion, .J:i.{,-ft~A~~Y'. '~ pursuant to 1·esol11tion file ~o ......... §.'1.::.1.9.Z.~----·-················-··· nrlo1>t<.>rl h;>,· its Common Council on

----1':,.y_r~-rrn-o:::_~-,-----~~;:--,-,-:~.1~-:~0-:·. -. J • /-s?,_ _J/ r) , ' J,,--dtJ- /;..,;, /, L_,.,(,.,'1,/:,:; '~ . fur.E;;~l~~· T~f;~ ~ ' ::: __ .._.,.i~·-\:ly{t~~-''''""""-"-'-4..\.......·-------------·-----------::-;;.--:-.-· :J ·-· · '' ~OF. ___________ Qc __ ?/-

19?/. . _ ~otnr.v. Puhlic, :\1ilw1tt1kec ('~unt;v. WiR, Q

(Notn;~ I) (:)',' ~ /)m. rJM.V COlllllllAR\011 C'X!)ll'CR---···-------···········a. ..••. '1 .......... A.O. 18 .. -/.3 .. ,,,,';, 0 F V,J \<:,f',.\-..''' '---- ~,,,;r n-><.

STATE orf''(ltf3tJVNSIN, _.., ..... _ ----"¥t~;tc ti;!,,«·.; .. ~·· ss. ··:;

MILWAUKEE COUNTY. /) _, ., , ,rorscma}_l.y,.,c.•fl.Jlle h9J'ore me this- ....... "?'!..2."::':: .................... dn,v of' .... ~ .•.......................•............... , A. D. 1~.9..L ... .

... ./'~ .. l/...~--4~~---···········--··-·······-···-·· .. ····· City C.lork of the nbov<;~ numccl nn1nicipul cOl'porntion. lo 111t"'

known ~- ·son who executed the foregoing instrument nncl to me known lo bE> such city clNk of Hnid municipnl c.•orpn-, t(,;.~M n~d.t.ii · 0d thRt .......... executed the foregoing instrument a:=i such officer ns the cleC'd of' Hnid municipnl corporn-rQb s autf,-(y~ pursuant to resolution file No, ··········--·J?A::J.~?..? ................ __________ .... ndopk•cl h,v itH Common Council on

r_( ,{;· -t<-o:l-~;1_{;)v,~<; __ --if/ ---------------- ---- . rn./l_fi ___ . , .

~OJ>, /! 0 j j j e ' . ,-?-·;/ -----~ffi°~l'l/!lifoffi-'2¥1,4._?.k-________ . __ --------------------------------- --,\, .... -1" >....._ ... /.;: '!:.' ·' . ./ '.'Jotm·y Public, i\1ilwnulwe County. Wis. ~-~·. <' --- ., ,, ··/ 7 .:3

fr"'~-\'.!~l ~nl').!\"4,~', ,:;:,- My commisRion expi1·e:•s ........ .......-.::-.~---··············--········· A. D. H).'r..~.,

·~·"'~ STATE Dr" WIACONS!N, ~

.~L!t%1~~cc~~~:Y;.)e ::· this _______ 2:,j::!!:! _______ IJ}:)9t)'-fy----------- ____ -~-~------------------------------, A. D. rn _1._L_ __ ~ .. !.~: .. rJ.:$£:J..~.~---··---·----····----·-······--······················, City Compt: e1· of'the above named municipal corporution,

to mo known to e the pel'son who executed the foregoing instrument nnd to me known t.o he such cit,v comptl'ollcr 01' HUid municipal corporation, and acknowledged thut .......... executed the foregoing instrument as such officer l\H Ute dcorl of' ~mid munidipal c.orporation, b~ its authority, and pur:;mant to resolut· file No ......... §.'9:::.1.~7..? ...................... ndoptecl hy ils C'ommon

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~y 'l,UJ] C1TY .Qk' ¥,ILWAUKEE . _ Notur~ Pu15lic. Mil,~nukee County, WiA. q I \ (~citlln'al se·a·l)· ;··.·$( -...__-",;;--comm1ss1011 exp1res .......... ~\---~---···················• A. D.19 ......... .,

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REEL 3 4 8 6 Ill,\i'.l 429: · REAL ESTATE MORTGAGE

-------- 7056195 (~ Conaumer or lk.lalneN Morta• .. Tranwtlone)

v. B;. CART BR DBVBLOPMBNT GROUP, :tNC. PIK /A \1 E r-ertet? Cb1 J d REGISTER'S OFFICE } Mllwaulcee County, WI M , •COIIIIIIDAT, __ :.Jl ~I II Devel.oanent Corporation ____ (Mo-gor,•

whlttti•r one or more) mortgagn, conveya and warrants to NORTH MILNAUKBB STA'l'B BANK« 5630 W POND DU LAC AVBNUBr H:tLWAUXBBr WI ·=5~3~2~1~6._ ____ _

...;. _______________________________ ra..nde,i

in oonlldetatlon ot th• aum °'--"""''X"T:.,Y..,_.r,.,ou=u.,ND,::...:,AND=..:•:::o,_11..,00::... ____________ _ ____________________ Da1larol$_ 60.000.00 ), loanedortobeJoanedto v.s. CARTBR DBVBLOPMBNT GROUP,- IN"'c,,_,_. ______ _

FEB 2 31995 4:";}..qRE£t}lt~(P!M~ 0

,la .... ,.a REGISTER OF. DEEOS

________________________ raonowar.·whetheroneorm~re), ._ _______________ __, wldNtOed by Borrower•• note(•) or agreement daled0:..,:1:.,0,:.6:..,:9:.,5e-____________ _

------------------~th• real e,tai. dflorlbed below, together with all prMlegn, Mredftamentl, .... mt1nta and appurtenanon, all rants. ...... , tau•• and proflta, all claJme, awatde and paymente mad• u a rnuh of the •KerolN of th• right of eminent domain, and an existing and future Improvement• and flxturn (all called the •Property1,

Return To NORTH MZLWAUKBE STATE BK S630 ff FOND DU LAC AVENUE MXLWAUKEE, WX 53216

t. Deurlptton or Property. (Thia Property, is not tha homntHd of Mortgagor.) Tax Key II J64 .. 1zo1 .. ,11 .. 7

wTs 1 IHROUGH 226 :INCLus:i:rl:',i HI B~~ j\ l:ILJtYtlD~'S ADDJ:TJ:ON :i:·N TUE SOUTH aiii~i~,.,:~1£iiia:w!J;yi§B'htfiAMlt11c!m1i~FNi¥m!MirhiHhAl6~poRTH MORE COMMONLY :KNOWN AS: 2001 W. VLJ:ET STREET & 2014 W. MCKJ:NLEY AVENUE

D ff cheoked here, deaorlpUon contlnuH or appeara on attached sheet,

0 H checked here, thl• Mortuao• le a •oonetruotlon mortgaga• under 1409.313(1)(•) Wle. ~tata. DH checked here: Condominium Rider le attached,

RECORD 70561'15

12.00

2. Tltle. Mortgagor warrante titre to the P,operty, excepting only rntrlotlona and euementa of record, munlolpal and zoning ordinances, current tax•• and aueument9 not yet due and n a

a. Eecrow. lntereet: ___ w~i~l:,..:,l:_ _____ be paid on ncrowed funds ff an eaorow la required under paragraph 8(a) on the reverae aide. f.r,llij ~noij

4. Addlllonal Provlalone. Mortgagor aorHa to the AddlUonal ProYlllona on th•,..,.,.. llde, whlOh are Incorporated herein. The undenlgned aoknowledgn reoelpt of an exact copy of thla Mortgage,

NOTICE TO CUSTOMER IN A TRANSACTION GOVERNED BY THI! WISCONSIN CONSUMER ACT

DO NOT SIGN THIS Bl!FORI! YOU READ THI! WRfflNO ON THE REVERSE BIDE. EVl!N IF OTHl!RWIBI! ADVISED, DO NOT SIGN THIS IP IT CONTAINS 1U1V BLANK SPACl!B. YOU ARE ENTffl.ED TO AN EXACT COPY OP IUIV AGRIBMENT YOU SIGN. YOU HAVE THE RIGHT AT ANY TIME TO PAY.IN ADVANCI! THI! UNPAID BALANCE DUE UNDER THIS AGREEMENT AND YOU MAY BE ENTITU!D TO A PARTIAL REFUND OF THE FINANCE CHARGE.

Signed ond Soal<tcl----'J=AN=U:::AR=,.,Yc.....6..,f,r-'1:.9::..:9..::5:..... _____ _ V.E. CARTER DEVELOPMENT 0GR=OUP::.::.,,c..:;1Ne,C:.,•:_ __________________ (8l!AI.I

=r•tfon tiwieDJo,ian

Br;.~~, 4.wi,0,,,JJ? Q ,,k

________________ (se..tl'

• ,,__ __________________ (BEAL)

" LORRA'INB P. CAR'l'BR

---------------------- (SEAL) By: ___________________ (SEAL)

• • AUTHENTICAnON OR ACKNDWU!DG9"ENT•-------

Slgnatul'ftot ___________________ _

authenticated 1hla, ____ day otr _________ , 19 __ _

TIUe: Member State earotWlaoonaln or ____________ _

authorized under 17DB.08, Wla, Stat..

Thi• lnetrumant wu drafted by

ANXTA OBE

~,t:: P••• name Cllgned aboV9.

DoC Yr: 2~1_0 Doc# «}7.~~6195 Page#•.1 ofZ

STATE OP WIBCON81N

County of MILWAUKBB

Thie lnetrument wu ldcnowledgad before me on 0Je,Ae,NU:::AR,,,,Y_6,,_ ____ _ 19 95 ~ , byLORRA'INB P. CARTER

~,.«r,,.,. lfi. c·qc~t.,.., Wois,e- I as mXBcUTIVB o:rRBC1f.OR',. · .

V.B. CART~~ffitf,~,.......;;,.._o...;;, UP, ::tHC::.. - . .. ..

Aoo,noNALPROVls,oNs REEL <:l A si. 6 u1r.;; ,13 0 5, Mortga .. ••Security.Thi• Mortgage secure• prompt payment to Lender of (a\ the sum atatact 1n-.«e":fire't'pa,aasaDtt of thls~rtg~e. plue Interest

and ohargaa acoordlng to the terms of the promluory notes or agreement of Borrower 10 Lender ldentifled on the r.veru ald.-. and any extensions. re newels or modlflcatlon1 e1gned. by an_y Borrower of •uch promlll9:0'V nofN or ag, .. ment, (b) to the extant not prohibited by the Wl.oonaln Consumer Aot (I) any additional sums which are In the future loaned by Lender to any Mortoe,gar, to ani, Mortgagor and another or to another guaranteed or endoraed by ~ i Mortgagor primarily for peraonal, family or hou .. hold purposes and agreea In documenta wlftnclng the transaction to be secured by this Mortgage, and (II) all olher additional ••oci• Whldr.atf In t"he future loaned ~ Lender to any Mongagor, to anv. Mortgagor and another ar to another guaranteed or endorHd by aoy Mortgag!)r (o) WI lnterelt ancs chWgea, and (d) to tlie extent not prohibited-by law, all oosts and e,cpenan of collection or enforcement (an oalled th• ·Obllgatlona1, 'rhls Mort~ge also secures th• performance of atl covenants, condftlons and agreements contained In th!• Mortgage, Unleas oth•Mfae required ,· by lawflr.:•r wlll 811,I ,lh~.,MQl'tgf.111!1,MPDn request bY. Mortga~r ff (a) the Obligations have been paid acoofdlna to their terms, (b) any commitment to milk• advance• rwct by tfitl'-Mttttgage hu tarmlnatea. (o) Lender hu terminated any Una of credit under which advances are 10 be aecured by this

. Mortgage, an'd (d1 all.olhW paYff*Q.tll ,_,.rad-under ttds ~age and the Obligation• and all other terms, condHJona, covananr., and agreements contained

..In thlS Mortgage and.th• ~~ ~I.Qolng the Obllgatlona have been paid and parformed. :., 8, Tax ... To tt&o"exMll""1'1Yfd tt»"'tender under paragraph B(a), Mongagor Shall pay before they become dellnquent all tmc;et, asaessmenta and other

charges which mlY be levled .91' 88881Hd against the Propa,:ty. o, aglllfnllf Lender u~ thl• Martgage or thlt Obllgatlona or other debt secured by this , Mortgage, upon.,U.lk:ler'a lnteiaiiun the Property, and deUver to Lender reoalpta showing timely payment. t•

7, lnauranN. Mor1gagor shall keep the lmr,rovaments on the Property Insured against direct loM or damage ocoasloned by fire, extended coverage ~ perlls and auah oltMf.hU:ard• •• I.lend• may ,equ re through Insurers •PP.roved by Lender, In amounts, without OCHnaurance, not Ina than the un~td balance of the ObJlgatlona or the full replacement value, whichever Is leM, and shall pay the p,emlums when du•, The pallalu shall contain the standard mortg~• i; clauH Jrl favor of'l.e~ar and. uD11taa.LMnder otherwlH agreea In writing, the original of all ~llclH covering th• Property shall be deposited with Lender. , : Mot1gagor ...-11 PrPffl G1Whotlc6'tif'6ss 10 Insurance companies and Lender, AJI pr:oceeda from such Insurance llhall be •plied at Lenclar'• option, to the 1 Installments of 1n·e llgiiilona In the lnverH order of thalr maturltlea (without ~alty for prepayment) or to the rmoratlon of hie lmprovem.nte on the \. Property, In the event at foreclosure ot this Mortgage or othar transfer of tlUe to the Property, In e,ctingutllllment of the indebtodnen secured hereby, all right, title, anct Interest of Mortgagor In and to any Insurance then In force shall paM ta the purchaser or grantee.

B, Mortgagor'• Covenantt. Mortgagor covenants: (a) Eurow. To pay Lender aufflclent fund• at euch times u Lender designates, It an escrow la required by Lender, to pay (1) the eatfmatad annual

r•III eatat• tancea and aauument9 on the Pto_perty, (2) all propaftY. ln•urance Pf•mluma when due, and (3) If payments OWlld undar the Obllgatlon• at• guaranteed by mortgage guaranty lnauranceiil the premtuma neoauary to pay tor euch lnsuranoe whlah l:ander may: oanoel at any time, Upan demand, Mortgagor ahall pay-Lender such add anal auma u are neceua,y to pay thNe Item• In full when due, L.eni:te, ahall apply 1 thaae amounts against the taxes, aaaeMments and Insurance premiums when due. Escirowed lunds may be oommtnglad with Lender'• general funds; _-:.:

(b) Condhlon and Reoalr, To keap the Property In good and tenantable condlflon and repair, and to restore or replace damaged or destroyed ·i Improvement• andlhcturea; - .{

(c) u.na, To kHp the Property trn from llens and enoumbranoe• superior to the lien of thla Mortgage and not described In paragraph 2 on the ~·i

reverse aide: · · · . . -~ (d) Other Mortgages. To perform allot Mortgagar•e·obllgatlona and duUae under any other mortgage Or HCurlty agreement on Iha ProP9rty and any,'. 1•

obligation to pay secured by auoh a mortgage or aecurlty agreement: ~ (•) Waate, Not to commit waste or permit waste 10 be commlttad upon the Property; . · :.i (f) Conveyance. Not to ull, aulgn, t•uet mortgage, oonvay or otherwise tranefer any legal or equitable Interest In all or part of the Property, 01 ~

permit th• eame to ooour without the pnor written oonsent of Lender and, without notice to Mortgagor, Lender may deal With any ~aftlree aa to 1 . hi• Interest In the ea.me manner a• with Mortgagor, without In ~y way dleoharg1ng the llablltty of Mortgagor under thl• Mortgage or the • Obllgatfona; · , ·}

(9) Allendlon or Removal, Not to remove, demollah or materlally alter any oart of the Property, without Lender'• prior wrltt•n conHnt, except 1 Mortgagor may remove • fixture, provided th• fixture le promptly replaaacl wlth another fixture of at leut equal uttllty; . 1

(h) Condemnation, To pay to Lender all compenutlon received tor the taking of the Prapa,:ty, or any parti bv condemnation proceeding (Including ?.· payment• In comp,omlh of condemnation proceedlngal, and all oompenaatlon received u damages orlnJury to the Propei,y, or any part. The oompen .. tlDn shall be applied In auch manner - Lande, determine• to rabulldlng of th• Property or to the Obligation• In th• ,~,.. order af f their maturtUes (without penalty fa, prepayment): f

(I) lnaoeotlon, Lender and lta authorized repreNntatlvea may enter the Property a1 reasonable Umes to lnapeot h, and at Lender'& option to repair or reafa,e the Property and to conduat envlronmental usessmenta and audits at the Property; m Ordlnanaea. To comply wfth all laws, ordinances and regulation• affeottng the Property; and

(k) Sllltr~llon. That the Lender la eubrogated to the llen of any mortgage or other llen dlsoharged, In whole or In part, by the proceed• of the note(eJ or agreement ldenUfled on the reverse aide,

9. Envlronmental uwa. Mortgagor reprasente, wananta and covenants to Under (a) that during the ~rlod af Mortgagor'• ownership or UH of the Property no eubatanae ha• bean, la or wlll be preaent, used, atored, dSP.Dlllted treated, recycled or disposed of on, under, In or about the Property In a form,

luantlty or manner which If known to be preaant on, under, In or about the Proparty would requlra olean-up, removal or aome other remedial aatlan Hazardous Substance•) under any federal, state or local laws, regulatlona ordlnanoea, codn or rulee renvtronmental tawa•); (b) that Mortgagor hu no nowled_ge, attar due Inquiry, of any prlar uH or e,datenoa of any Ha.2a1dou11 Substance on the Props~ by any prior owner of or peraon using th9Ptoparty; (o)

that, without limiting the generality of th• foregoing, Martg,a~or hu no knowladge, after due Inquiry, that the Property contalna -beato1, potvchlorfrili.titd blpt\anyl oomponenta {PCB•) or underground etorage tanka; l that there are no conditions existing currently or llkely to exlat during the term of thls Mortgage which would eubJeot Mortgagor to •RV damag••, penaltlea, In unatlve rellet or o1aan-UP. com In any govemmental or regulatory ictlon or third-party clalma relating to any Hu.ardaua SUbatance; t•l that Mortgagor Is not aubJeot to any oourt or aclmlnletratlv• procaedlna1 Judgment, deoree, order or citation relating to any Hazardous Substance; and (f} that Mortgagorln the paat hP been, at the preaent le, and In the Mure wff remain In compllanoe with all Envlronmental Lawa, Mortgagor ahall Indemnity and hold harmlna Lander, Ila directors, otfloera, amploYl!IH and agenta from all lou, oost (lnoludlng reasonable attomeya' tees and legal exr.•n .. ~ llabltrty and damage whatsoever dlteotly or lndlreatty reaultlng from, arlalng out of or bued upon (I) the preunoe, un storage, deposit, treatmen , re Ina or dlapoaal, at any time, of any Hazarifoue SUbatance on, undar In or about the Property, or the tranaportatlon of any Haurdoua Subatenca to or ftom t Pioperfyl (II) the violation or alleged violation of any Environmental Law, permit, Judgment or lloenae reratlng to the preHnce, uu, storage, depoalt, treatment.a.. recyol ng or dlapoaal or any Hazardous Subatanoe on, under, In or about the Property, or the transportation or any: HUlltdoua Substance to or from the Prop~ or (Ill) the Jmpa:alUon of any governmental llen far ttie reoovary of envlronmental otean-up ooat. e>epen~ecl under any Envlronmantal Law, Mortgagor shad Immediately notify Lender In writing of any governmental or regulatory action or third-party olalm Instituted or threatenetl 'f conneotlon with any Hazardous Substance on, In, under or about the Property,

to. Authority or Lender to Pefform for Morlg~or. If Moftgagor fall• to perform any of Mortgagar'a duties aet forth In thl• Mortgap, LAnder m•Y. attar giving Mortgagor any notice and opportunity 10 perform which tlre required by law ~rtorm the cfutlea or cauN them to be J:i•rformad, lnoludlng without llmllatlon signing Mortgagor'• name or paylrig any amount ao r~ulredl and the aoat Shan be due on demand and secured by this Mortg~e. bearing Interest at l'i'le hlgheat rate stated· ln any daaum.nt evldilnofng an Obligation, bu not In exoen of the ma,clmum rate permitted by law, from the date of e,cpendltura by Lender to the dal• of payment by Mortgagor.

11. Default: Aooeleratlon; Remedlee, ff (a) there I• a datault under any Obllgatlon secured by this Mortgag~, or (b) Mortgagor falls tlmelv to observe or perform any of Mortgagor'• covenants 01 dutlH contained In this Mortgeae, then!. ,!.!he OP.:tlon of Lender eaoh Obllgatlon wllfbeoom• Immediately payable unleu notloe to Mortgagor or Borrower and an opportunity to cure are required by MX0.10!5, Wla, Stata,, or the dooument evldenolng the Obllgatlon ~, In that event~ the Obligation wm become payable H the default la not cured u provided In that statute or the dooument evldenotng the Obligation or aa omerwfaa provlaed by law, If Lender eKerolaea lt9 option to accelarat9, the unpaid prlnclpal and lnternt owed on the Obllgatlon toaethar with all sum• paid by Lender as authorized or r~lred under thla Mortgage or any Obllgatlon, ahaU be oollaotlble In a eult al law or by foreclosure of th1a-i-.ortgage by action, or both, or by the exe,olH of any olher remedy avallable aflaw or equity.

12. Waiver, Lender may waive any default without waiving any other aubaequent or prior default by Mortgagor, , 13. Power of Sat•. In the event of foreclosure, Lender may NII the Property at publlo sale and axeoute and deliver to th• puroh&Mre deeds at

conveyance purauant ta etatute, 14. Aealgnment of Ranta •nd L.Jsa .... Moi:tgagor an1gna and tranatera to Lender, aa additional HOurlty for the Obllgatlona, all renta whloh become or

remain du. or are paid under any agreement or leue fo, the uae or oocupanoy of any part or all of the Property, Untll the oaaunenoe of an event of default under this Mortaage or any- Obllgatlo'!, Mortgagor hu the right to oolleot the rent:I, lnun and proflta from the Property, bUt upon the occurrence of such an evflnl at default. and the giving of nouoe by-uind•r to M;ortgagor dealarlng that conatruotlve po: ... ulon of the Ptopel'ty fa In \.ender, Motta~r'a Uaenae to calleot le terminated and Lender ahall be enlftled to auch rentiS, lnuea ani:I protha and may, after giving Morta!IQor any noUoe and opportunltv to perform required by law. notify any or all t•nanta to pay all auoh rents directly to Lender, All such P.•ymenta llhall b• ~plliicl In auoh manner u Under cfetennlnn to payments required under this Mortgage and tti• Obligations. Thia alialgnment shall be eritoraeable and Lender ahall be entitled to take any action to enforoa the assignment (lnoludlng notice to the tananta to pay dlreotly to Lender or the commenoement of a torecloaure aotlon) without eaeklng or obtaining the appointment of a raoelver or po ... uton of the Property.

t 11, Reoelver. Upon 1he c:omrnencement or during_ the ~ndenoy of an action to toreoloN thle Mortgage, or enforce any other ramedlu of Lender under It, without regard to the adequacy or lnadequaoy of the ·Praperty aa Hourtty for the Obligations, Mortgagor agren that the oourt may apP'.Olnt a reoelver of the Property Onoludlng homestead Interest) without bond, and may empower the receiver to take poaaaHlon of the P1operty and colleot the rente, lasuee and profits at the PrapertY and exercise such other powers u the court may grant until the confirmation of s11te, and may order the renta, luuea and profile, when so collected, to be held and applled u the court may direct.

18. Poraoloaure Without Delaten=y Judgment. If the Property la a one-to-four lamlly realdenoe that la owner-oooupled at the oommencement of a foreclosure, a farm. a ohu,oh or owndd by a tax exempt oharltablo organization, Mortgagor agreea to the provtalana of 1948, '101, Wle, State., and u th• ume may be amended or renumbered f1om time to tlmo. pe,mlttlng Lender, upon waiving the rlafit to Judgment for deflctenoyl to hold the toreoloaure Hie of ,ell ealate of 20 acrea or len alx mor1th• after a foreotoaure ludgmant la entered, If the Property fa other than a one-to-four tam ly residence that la owner-oCC!apled at the commencement at a foreclosure, a farm, a church or • tax. exempt ahultabl• organlzatlon, Mortgagor agreH to the provt1lona of 1841, 103, WII, lftatl,, and aa the aame may be amitnded or ,enumberucl from time to time, permitting Lender, upan waiving the right to Judgment tor deftalenoy, to hold the foreoloaure NI• of real estate th,_ months after a foreoloaure Judgment la entered,

17. Exoenaea. To the extent not prohibited by law, Mortgagor shall pay all reasonable ooata and eKpanaas betore and after hJdgment, lnoludlng without !Imitation, at\orneya' feaa, tee& and CM~nsea for environmental aaeaamante, lnapeotlcna and audits, and feee and e>epenHa for obtaining titfe evidence Incurred by Lander In proteotlng or enforcing Its rlght11 under thla Mortgage.

18. Severablllty. Invalidity or unenforceablllty Of al\y provision of this Mortgage ahall not affeat the valldlty or enforceablllty of any other prcvlalon. 19. Suaoeeeora and Aulgna. Th& obllgatlc,n~ of all Mortgagors are Joint and aeveral. Thia Mortgage beneflte Lender, lta auaoeaaora and au!gna and

bind• Mortga,gor(a) and their respective hf'lro, porsonal repr•aentatlvaa, auoaeNOf'8 and aulgna, ' 20, Entire Agreement. Thia Mortgage Is lntendad ~ the Mortgagor ~ \,Jlndlt aa • final exprel&lon of thle Mortgage and n a oomptate and e>eOIUSIYe

•.'!l.!!T.!!~. '?J, l,~!9.rr.n·· there~!'.':'!':'! ':'!ndltlo,:t,I!, \1?, l};I,!, w.1, !~!'i.\'X!~.t!.!. 'l.'. \W,!t ~r;t&llt·. M4l. ,~ l'<\%'!r;i,'!1, ~ ~ M.W.~, @Nii~ Y.'AI W, \Wlll),m,ent or modltv anv terms,

Doc Yr: 2010 Doc# 07056195 Page# 2 of2

' LIS PENDENS

Doc\imant Number DocumentTrtll

ll+CV009199

HON, JOHN DIMOTIO, BR. 4l CIVIL F

Doc Yr: 2014 Doc# 10408591 Page# 1 of 4

1111~1 IIJII Ill tlll ~11~111!111( 111111111111

DOC.# 10408591 RECORDED 10/31/2014 01:56PH

JOHN LAFAVE

RlcoN11nn Area

REGISTER OF DEEDS Milwaukee County, WII AMOUNT: 30 .00 FEE EXEMPT #:

Name and Return Addrus

Bryan M, Becker Maw1cke & Go1sman, S C 1609 North Prospect Avenue MIiwaukee, Wisconsin 63202

364-1201-111-7; 388-0034-100-8 and 271-2443-000-9

Parcel lcllfttlhclt!On Numlter IPINJ

'

STATE OF WISCONSIN CIRCUIT COURT MILWAUKEE COUNTY

NORTH MILWAUKEE STATE BANK, 5630 West Fond du Lac Avenue, Mtlwaukee, WI 53216,

Plaintiff, Case No.

V Case Code 30301, 30404

VE CARTER DEVELOPMENT GROUP INC F/K/AVE CARTERCHILDDEVELOPMENTCORPORATION,ET AL,

Defendants

LISPENDENS

PLEASE TAKE NOTICE, pursuant to Wts Stat § 840 10, the Plamtiff, North

Milwaukee State Bank, has commenced an action agamst the above named Defendants;

That the object of said action 1s for foreclosure of

A Those certam Mortgages recorded on the followmg dates· a) February 23, 1995 as

Document No 7056195, and b) July 6, 2009, as Document No. 09760675, each filed against the

mterest of Defendant V E Carter Development Group Inc f/k/a V E Carter Child Development

Corporation

B. That the actJon affects the title to real estate described as follows, to wit

PARCELi:

Lots 1 thN 22, mdusive, in Block 1, in Lynde's Add11Jon in the Southwest 1/4 of Secbon 19, Township 7 NOl1h, Range 22 Eost, and the NOl1h 1/2 of the vacoted West McKinley Avenue between Nor1h 20th Street and North 21st Slreel, 11 lhe City of M1twoukee, Milwaukee County, W1scons1n

Tax Key No 364-1201-111-7 Address 2001 W Vliet Street

C Those certam Mortgages recorded on the followmg dates: a) July 14, 1997 as

Document No 7392749, filed against the mterest of Defendant Lorrame P. Carter, b) July 6,

Doc Yr: 2014 Doc# 10408591 Page# 2 of 4

2009 as document number 09760677, filed against the mterest of Defendant Lomune P Carter

2006 Revocable Trust, and c) November 4, 2010 as document number 09934999, filed agamst

the mterest of Defendant Lorraine P Carter 2006 Revocable Trust

D That the action affects the title to real estate described as follows, to wit

PARCELil:

Lots 31 and 32, m Assessment SubdMS1on No 1, being a re-subd1V1S1on of a part of Lots 3, 4, 5 and 6, m Dousmen's SubdMS1on oflhe Northeast 1/4 of Seellon 25, 1n TownSh1p 7 Nolth, Range 21 East. m the City of MIiwaukee, County of Milwaukee, State of W1sconS1n

Tax Key No 388-0034-100-8 Address 2939 W Kllboum Avenue

E That certain Mortgage recorded on December 22, 2006 as document number

09358139, filed agamst the mterest of Defendant Lorrame P Carter 2006 Revocable Trust

[Continued on following page,]

2

Doc YI': 2014 Doc# 10408591 Page# 3 of 4

F That the action affects the tJtle to real estate described as follows, to wit.

PARCEL III:

The North 32 feet of Lot 17, Block 2 in Summn Park Homesne in the Northeast 1/4 ofSecnon 7, in Town 7 North, Range 22 East, in the City of M1lwoukee, County of Milwaukee, State of Wisconsin. bounded and descnbed as follows Commenang at Iha Northwest comer of said Lot 17, running thence South along the West line of S81d Lot, 32 feet to a p01nt, thence East on a une and parallel to Iha Norlh line of said Lot 17, 66 50 feet to the 1rnersae1Jon with the Eestelty line of said lot, thence Norlheoster1y along lhe Eoster1y bne of said Lot, 31 92 feet to the Norlheosterty comer of said lot, said point being in Southwesterly line of e Public alley; thence Northwesterly along the Northeastelty bne of said lot, being also along S81d alley llne, 8 55 feet to a P01nl m the South fine of a public alley and being also the North Ima of said lot, thence West along the North line of said lo~ 74 78 feet to the Northwest corner of said lot, being the p01rd of commencement

Tox Key No 271-2443-000-9

Address 3848 N 15th Street

Dated at Milwaukee, W1sconsm thts '/i. day of October, 2014

MA WICKE & GOISMAN, SC

ByA~-

P.O. ADDRESS: 1509 N Prospect Ave Mtlwaukee, WI 53202 (414) 224-0600-Telephone (414) 24-9359- Facsunile bbecker@dmgr com - Ematl

Doc Yr: 2014 Doc# 10408591 Page# 4 of4

Bryan M Becker, SBN 1025404

3

~IO!k. NO. J 1141!

£Dllh11i:Afi@iiM Owl$0Cll\aln~Auoe.a1oon1997

.4 JW:,fiR" ........... ~., ••

DOCUMENT NO. REEL 4 7 0 5 !MAG 18 4 :l REGISTER'S OFFICE I SS

"~iwaukee County.VII REAL ESTATE MORTGAGE

(For Consumer or Buslnesa Mortgage Transactions) RECORDED AT 2o44 PK 12-1116-1999 V.E. CARTER DEVELOPMENT GROUP, INC.,

0a"-"W"l::s:::co=c:cns=i::n:.:....on:;o::n=sc:toc=::k:.:....o=c::c•o..s:poo::,r::aa.t=ic::o::n~_-===---- ("Mortgagor:• w_hether one or more) mortg~g_~~L conveys and warrants to -~N~O~RTH=~--------MILWAUI<EE STATE BANK

REEL #.u' InAGE /.f ... /:;!!J ;,H"f'

-----------~------~-~~-=---====("Lender") lnconalderatlonoftheaumof Four Hundred sixty Five Thousand -~=-~-~-------------------------Dollars cs465,0QO.OO ),loanedortobeloanedto V.E. CARTER DEVELOPMENT GROUP INC. ("Borrower," whether one or more), evidenced by Borrower's note{s) or agreement dated __ _

WALTER R. BARCZAK REGISTER OF DEEDS

Recording Area

Name and Aeturn Address

~-

DECEMBER 2 1999 . the real estate d8SCflbed below, togetherwlth ell privileges, heredllaments, easements and QJ)purtenances, all rents, leasea,lasuesand profits, all claims, awards and payments made ase result of the exercise of the right of eminent domain, ana alt existing and future Improvements and fixtures (all called the ''Property")to secure the Obligations described In paragraph 5 on the reverse side, Including but not llmlted to repayment of the sum staled above plus certain future advances made by Lender.

Jennifer Pflug Murphy, Esq. Gonza1ez, Baggio, Birdsall & Harlan 225 E. Michigan, Ste. 408 LLP Milwaukee, Wisconsin 53202

1, Description or Property, (This Properly -~i~s~~n~o~t~_ the homestead of Mortgagor,) ,_. 11sno11

364-1201-111-7

Iii II checked here, description continues or appears on attached sheet. lit If checked here, this Mortgage Is a construction mortgage, CJ If checked hare, Condominium Alder la altached.

2, Tltle, Mortgagor warrants lllle to the Properly, excepting only reslricllons and easements of record, munlclpal end zoning ordlnancee, current taxes and asaessmentsnotyetduaand First Mortgage to North Milwaukefl State Bank recorded RA Document No

7056195 and Second Mortgage to Milwaukee County recorded ea Document No 2418520 3, Escrow, Interest will not be paid on escrowed f1.1nds If an escrow Ts required under para~raph 8(a) on the reverse aide.

_..,,... 1w,11no1J

4, Addltlonal Provisions, Mortgagor agrees to the Addlllonal Provisions on the reverse s1da.hlch are Incorporated herein. Tha undersigned acknowledges receipt ol an exacJ copy of this Mortgage. rand Addendum A

NOTICE TO CUSTOMER IN A TRANSACTION GOVERNED BV THE WISCONSIN CONSUMER ACT (a) DD NOT SION THIS BEFORE YOU READ THE WRITING ON THI! REVERSE SIDE, EVEN IP OTHBRWISS ADVISED. (b) DO NOT SION THIS IP lT CONTAINS ANY BLANK SPACES. (c) YOU ARE ENTITLED TO AN EXACT COPY OF ANY AGREEMENT YOU SIGN. (d) YOU HAVE THE RIOHT AT ANY TIMI! TO PAY IN ADVANCE THE UNPAID BALANCE DUE UNDER THIS AGRl!EMENT I\ND YOU MAY BE ENTITLED

TO A PARTIAL REFUND OF THE FINANCE CHARGE.

Signed and Sealed -"I 9:.~-~,'l~'---q~q-'--=c.------------10111111

_,V_,.,;E;;•c....:CARTER==;=--'D:EVELO=,:;,=P.;;MENT='-=--'GR=OccUP=..,_, ....,,_I.,Ne,C~·--- (SEAL) a Wisconsin nonstock corporation

(Title)

·Lorraine P. Carter

By: ______________________ (SEAL)

(Tlt1B)

• AUTHENTICATION

Signatures of __ ...... Lo,.,,rs:r,.,,ai;i.,n,ie.,__.p"·'--'G"~""r"t"""'";r;:_ _______ _

aulhenilcated this ____ day of _______________ _

Title: Member Slate Ber of Wisconsin or _____________ _

authorized und8r §706,.08, wts. Slats

This lnstrumenl was drafted by

Jennifer Pflug M~hv Es~. Gonzalez, Saggio~1rdsa1 & Harlan, LLP

~ •Type or print nama signed above,

______________________ (SEAL)

______________________ (S&AS)

______________________ (SEALI

OR ACKNOWLEDQBMBNT

STATE OF WISCONSIN } ht' I~ ~,e:. ..::- ... County of-'------------.,.,;;,:: /.;,. / 'l "J Thia lnstru(l'lent was acknowledged b ~e IJJ8 on, by Lor °'-'.'~ ~

of

Notary Publlc, Wisconsin My Commission (Explres)(htf'---'-.::...!.-.:..._::_::,~Wl~:.,,,l!!'.C ____ _

Doc Yr : 2009 Doc# 07844426 Page # 1 of 4

REEL4705IMAG1842 • ADDITIONAL PROVISIONS

5, Mortgage as Security. This Mongage secures prornpl payment to Lender ol fal the sum staled ,n the f1rst paragraph ol 1h1S Mortgage. plus interest and charges according lo the terms of !he promissory notes or agreemenl of Borrower 10 Lender idenhl1ed on the ,e..,erse side. end any extensions. renewals or mod1f,caUonss1gned by, any Borrower of such prom1ssoryn01es or agreemen1. !bl 10 the exten1 no, prohibited by lhe W1scons1n Consumer Acl (1) any add11,onel sums which are ln the future loaned by Lender 10 any Mortgagor. to any Mortgagor and another or lo another guaranleed or endorsed by any Mortgagor prm1arlly !or personal. tam,ly or household purposes and agreed In docvment& ev1denc1ng the 1ransac11on to be secured by lh1s Mortgage. and {11) all other add1t1onal &urns which are in lhe fulure loaned by Lender to any Mor1gagor.10 any Mortgagor and another or to another guaranteed or endorsed by any Mortgagor. (Cl all interest and charges. andtdl lolheextenl not prohibited by law. all cos1sane1expenses of t;0Uec1ton or enforcemen1 tall called the ··ob11ga11ons"). This Mor1gage also secures lhe performance of all covenants, cond111ons and agreemen1s con111Jned 1n th1S Mortgage, Unlesso\herw1se required by raw. Lender will satisfy this Mortgage upon request by Mor1gagor 11 la) !he Obllga110ns have been paid according to lhefrterma, (bl anycomm1tmenl to make future advances secured by this Mor1gage has lerm1naled. {c) Lender has lerminaled any hne al credit 1.mdr:,r which advances are tobe secured by this Mongage. and ldl all o\her paymen\s reQu1red under !his Mortgage and theOb1igat1oni& and all other terms. cond1tions,covenan1s. and agreements eonlatned 1n this Mor1gage and lhe documen1s ev1dencmg the Obhgatrons have been paid and performed.

8, Taxes. To the e-xlent not pardto Lender under paragraph B!al. Mortgagor shall pay before lhey become del!nquenl all taxe-s, asessmenls and other charges which may be levied or 8SS<ISSed against the Property, or against Lender upon lh1s Mortgage or the Obl1gat1ons or other debt secured byth1s Mortgage, upon Lender's interest In lhe Property, end deliver to Lender receipts showing 11mely payment

7. ln1urence. Mortgagor shall keel) the improvements on 1he Property insured ngainst d1rec11oss or damage occasioned by lire. flood, e)llendad coverage perils and such other hazards as Lender may require. lhrough insurers approved by Le,,dor. 1n amounts, without co-insurance, no! less thon lhe unpaid balance of !ho Obl1gal1ons or the lull replacement value. whichever 1s less. and shall P<'.lY the prermums when due. The policies shall contain the standard mortgage claui;e ln favor ot Lender and, unless Lender otherwise agrees In wr11ing, !he ongmal ol all pohc1es covenng 11,e Property shall be deposited with Lender. SubJect to Lct1der's approval. Borrower is free to select the insurance agent ar insurer through which Insurance 1s ob1a1ned. Mortgagor sha11 prompUy give notice of loss to Insurance companies and Lender. All proceeds from such Insurance shall be apprced,at Lender's op11on. to the mstallments of the Obliga11ons in the inverse order of their ma1ur1t1es (without penatty for prepayment) or to the res10rat1on ot the Improvements c, !he Property, In the event of foreclosure of this Mor1gnge or olher lransler CJI 11\le 10 !he Property, in e11:tmgu1shment ot the indebledness secured hereby, all r1ghl. lllle. and inlerest ol Mortgagor 1n and lo any msurance then m force shall pass lo the purchaser or granleo If Mortgagor la1ls lo keep any required insurance on the Property, Lender may purchase $UCh insurance for Mor1gagor. such insurance maybe acquired by Lender solely to protecl the lnteresl of Lender(1t wlll not cover Mortgagor's equity In the Property), and Mortgagor's obllgaUon to repay Lender shall be in accordance with Secl!on 1 o.

8, Mortgagor'• Cov•nanta. Mortgagor covenants: (•> lEacrow.11 an escrow ls ret1ulred by Lender, to pay Lender sufllcient lunds, at such nmea as Lender designates, to pay when due (1) lhe eslimatedannual real estate la.11.esand assessments on the Property, (2) an property and ha~ard insurance premiums, (3) flood insurance premiums, If any, (4) If payments owed under the Obligations are guaranteed by mortgage guaranty Insurance, the premiums necessary lo pay for such lnsur.!lnce, and (5) other items agreed lo be lncll.,ul'ed In the escrow. Lender may, at anytime, collect and hold such escrow funds In an amounl not lo exceed lhe ma)llmum amounla lender for a federally related mortgage loan may require for Mortgagor's escrow account under the federal Real Estate Seltlement ProcedureaAct of 1974, as amended from time to lime. Lender may estimate the amount ol escrow funds due on the basis ol current data and reasonable estimates of future expenditures ol fulure escrow accounl funds or as olherwlse reQuired by applicable law. Lender shall apply Iha escrowed funds aga1nst la11:es, assessments and In durance premiums when due oras olherwlse ret1ulred bylaw. Escrowed funds may be co mingled with Lender's general funds. If the escrowed funds held by L.enderexceed the amount per milled lo bB held by applicable 1aw, Lender shall 1:1.ccount to Mortgagor for the excess escrowed funds in a manner dotermlned by Lender or as otherwise required by applicable law. II the escrowed funds held by Lender al anytime ere not sufhclent to pay lhe escrow account llemawhen due. Lender maynoU,VMortgagor In writing, and Mor1gagor shall pay to Lender the amount necessary to make up the deflc1ency In a mannerdelermlned by L.ender or as otherwise required by &JJpllcable te.w:

(b) Condition end Repair, To keep the Property in good and tenantabla cond1t1on and repair, and to restore or replace damaged or desuoyed lmprovemenls and fixtures;

(c) &.lens. To keep the Properly lree from liens and encumbrances superior to the hen ol lhis Mortgage and nol descnbed in paragraph 2 on the reverse side;

(d) Other Mor19agas, To perform all or Mortgagor's obhgallons and du11es under any other mongoge or sec1.mly agreemenl on lhe Property and any obllgatlon to pay sec:ured by such a mortgage or securilY agreement

(e) We•te. Nol to commll waste or perm1l waste 10 be committed upon the Property; (I) Conveyance. Nol ta sell, assign, lease, mortgage, convey or otherwise transfer any legal or eciullable Interest 1n all or part of the Property, or permil the same

-to occurwllhoul the prlorwrlllen consent c.,f Lender and, without notice to Mbrtgegor. I.ender may deal with any transferee as to his lnlerest In the same man· nar as with Mortgagor, without In any way discharging 1he l1ab1hty ot Mortgagor under lhis Mortgage or the Obl1gat1ons;

(91 Alteratlon or Removal. Nol lo remove, demolish or materially alter any pal"\ of the Property, without Lender's prior wrlt\en consent. except Mortgagor may ,emova a ll.11.lure, provided the ll)lture Is promplly replaced with another llxture of al least equal utllily;

Ch) Condemnation, To pay to Lender all compensation received for !he 1eking ol lhe Property, or any part, by condemna1ion proceedir,g (Including paymenls In compromise of condemnellon proceedings). and ell compensation received as damages tor lniury lo Iha Pr_operty. or any part. The compensation shall be appfled In $UCh manner as Lender delermmes to rebuilding ol the Property or 10 the Obl!gallons In lhe inverse order ol thelr maturities (withoul penalty for prepaymenl);

(I) ln•pectlon, Lender and lls authorlted represenlallves may enler the Proper1yat reasonable hmos to 1nspecl 11, and at Lender's opllon to repair or restore the Property and 10 conducl env1ronmen101 assessments and audils cl the Property: '

U) Ordinances. To comply with all laws, orcJinances and regulations affechng the Property: end (k) Subrogation, Thal Lender ls subrogated lo the hen of any mortgage or other lien discharged, m whole or ln part, by !he proceeds of the nole(s) or egreemenl

Identified on the reverse side. , D. Environmental Laws, Mortgagor represents, warrants and covenants lo L.ender (a) lhal during the period of Mortgagor's ownerehlp or use of the Property no sub·

a111nca has been, la orwlll be present, used, stored, deposlled, treated, recycled or disposed of on, under, In or about the Property In a form, QuanUtyor manner which Ir known to be present on, under, In or aboul lhe Property would require clean•u p, removal or some other remedial action (·'Hazardous Substance' 'I under any feder;ll, &!ale or local laws, ,egulallone, ordinances, coctes or rulH {"Envlronmental Laws"); (bJ that Mortgagor has no knowledge, after due Inquiry, of any pr or uae or exlslence ol any Hazardous Substance on the Property by any prior owner ol or person using lhe Property: (c) that, wlthoul Hmlllng the genera11ty of the foregoing, Mortgagor has no knowledge, affer due Inquiry, that the Properw contains asbestos, polychlorlnated blphenyl components (PCB&) or underground al or age lanka; Id) that there are nor.on· di Ilona existing currently or likely lo exist during the lerm of lhls Mor1gage which would subjecl Mortgagor to any damages, pena1tles, lnJuncllve relief or clean-up costs In any governmental or regulatory acl1on or lhlrd•party clalms relating lo any Hazardous Substance: (e) that Mor1gsgor Is nol subject 10 any court or administrative proceed• Ing, Judgment, decree, order or cltallon relet1ng 10 any Hazardous Substance; and (I) that Mor1gagor In Iha past has been, al lhe present Is, end In the future wlll ,emaln In compliance with all En1,1lronmantal Laws. Mortgagor shall indemnify and hold harmless Lender, Its director&. omcers. employees and agenls from all loss, coal (Including reasonable attorneys' fees and legal expenses), llab111ty and damage whatsoever directly or lndlrecl1y resulllng from, arising out ol, or based upon (I) the presence, use. storage, de pea It, treatmenl, recychng or dlsposal, at anytime, of anyHaz.ardous Substance on, under. In or aboul the Property.or the transpor1at1onol any Haa:erdous Sub· slancelo or from the Property, (Ill the vlolatlon or alleged vlolallon ol any Envlronmenlaf Lew, permit judgment or license relating lo lhe presence, use, storage. deposll, lreatmenl, recycllng or dlsposal or any Hazardous Substance on, under, In or aboul the Property, or the transportation of any HazordousSubstance loorlrom the Property, 01" (lll)the Imposition of any governmenlal l len for the recovery ol envlronmen1a1 clean•UP cos ls expended under any Envlronmenlal Law. Mortgagor shall tmmedlalely nolify Lender In writing of anygovarnmenlal or regulatory aclion or lhird·Party claim 1nst1luted or threatened In connec\lon with ony Hatardous Substance on. in, under or aboul lhe Property.

10, Authority of Lender to Perform for Mortgagor. If Mortgagor falls to perform any of Mortgagor's dutlos set forth in this Mortgage. Lender may aller glvmg Mortgagor any nollce and opportunity lo perform wl1ich are ret1ulred by law, pariorm lhe duties or cause \hem lo be perlormed. Including without l1m11allon signing Mor1gagor'a name or paylnliJ any amount so required, and \he cos I shall bo due on demand and secured by lh1s Mortgage, bearlng Interest at thehlgh86\ rale stated In any <locument evidencing en Obligation, but nol In excess of the maximum rate permitted by law. lrom !he date of expenditure by Lender to the dale ol payment by Mortgagor.

11. Default; Acceleratlon; Remedlea, II (a) there Is a dolaull under any Obl1ga1ion secured by this Mortgage, or !bl Mortgagor tails 1,mely to obsen,6 or perform any of Mortgagor's covenanlsordullea contained In this Mor1gage. then. sl the option ol Lender each Obllgatron will become Immediately payable unless notice to Mortgagor or Borrower and an oppor1unlly lo cureara required by § 425.1 05. Wis. Slats., ur the document evidencing the Obl1get1on end, 1n the I event, the Obllgallon will become pay• able If the default Is not curecs as provided In that statute or the document evidencing lhe ObligaUon or as otherwise provided by law. II Lender exercises its opllon lo eccelerale, the unpaid principal and interest owed on the Obhgetlon. together with all sums paid by Lender es authorized or required under this Mortgage or any Obllgalion. shall be collectible In a e;ull at law or by foreclosure ol this Mortgage by action, or both, or by the exercise of any other remedy available at law or equity.

12. Waiver, Lender rrtay waive any defeull without waiving any 01her subsequent or pnor default by Mortgagor, 13, Power or Sala. In the event ot foreclosure, Lender may sell lhe Property at public salo and execute and dehver 10 the purchasers deeds of conveyance

pursuant lo stalule. · 14.Asslgnmant of Rants and Leases, Mortgagor assigns and transfers to Lender, as addltlonal security lorthe Obligations, all ran ta which become or remain due or

are paid under eny agreement or lease for Iha uae or occupancy of any part or all of lhe Property, UnUI the occurrence ol an even! of default under this Mortgage or sny Obllgallon, Mortgagor has the rig hi to collect the rents, Issues and prollls from lhe Property, but upon \he occurrence ol such an event of delaull, and the giving of notice by Lender lo Mortgagor declaring that constructive possession of the Property Is In Lender, Mortgagor's license to conecl 1s terminated end Lender shall be entitled lo such rents, Issues and prolilsand may. atterglvlng Mortgagor any notice and opportunity lo perform reQuired bylaw. nol1ly any or an tenants to pay all such rents dlreclly lo Len• der. AU tuch payments shall be applied In such manner as Lender determines lo payments ret1ulred under this Mortgage and the Obl1gallons. This assfgnmenl shall be enforceable and Lander shall be enlllled to lake any acUon lo enforce the asslgnmenl (Including notice to the tenanls lo pay dfrectly lo Lender or the commencement ol a foreclosure action} without seeking or obtaining the appointment of a receiver or possession ol the Property.

15, Reoelver. Uponlhecommencemenl or during the pendencyof anaellon lo foreclose this Mortgage.or enforce any other remedlesol Lender under il, wlthoutregard lo lheadeque,cyor lnadequacyol the Property as security for the Obtlgatlons, Mor1gagor agree& lhi'.11 lhe court may appolnl a recolverof lhe Property(inctudlng homeslaad rnteresll wllhoul bond, and may empower the receiver lo lake possession of the Property and coltecl the rents, issues and prollle of the Property and exercise such olher powt,rs as the court may granl unlit lhe confirmation of sale, end may order the rente. Issues and profits. when so c:ollecled, to be held and app1/ed as the court may direct,

16, Forcicloauro Without Deficiency Judgment, 11 lhe Proparty 1s a one·lo-rour family residence that is owner-occupied at \he commencement ol a foreclosure. a I arm, a church or owned by a tax exempl charitable orgamzation, Mortgagor agrees to lhe provision ol § 846.101 Wis. Stals .• and as lhe same may be amended or renum• bared from time to time. permltling Lender. upon waiving the right 10 Judgment for deficiency, lo hold the foreclosure sale of real estate of io acres or Iese six monlhs a Her a foreclosureJudgmenl le entered. II !he Propertvlso1her than a one•lo•lour lam1ly res1donce lhal is ownor-occup1ed al Iha con1mencomont ol a loreclasure. a I arm. a church or a tax exemptcharllabla organization, Mor1gegor agrees to the provisions or !I' 846. 1 03, Wis. S1a1s., and as the same may be amended or renumbered lrom lime to 1tme. permitting Lender, upon waiving the r!ghl Jo Judgmenl for dehc1ency, to hold the foreclosure sale of real eslate three months after a foreclosure 1udgmen1 rs enlered.

17, Expenses. To lhe extent not prohibited by law. Mortgagor shall pay all reasonable cos\s and &11:penses balore and attor Judgmen1, lnclu<llng wllhout l1m1ta11on. altorneyG" lees, fees and expenses lor environ mental assessmen1s. 1nspec11ons and aud11s. and lees and eitoonses 1orob1amlng title evidence Incurred by Lender ,n pro• tecting or enforcing Ila righl& under this Mortgage.

18. SaverabllllV, rnvalld11y or unenlorceablhly ol any provision 01 this Mor1gaoe shall nol affect lhe va1id1ty or enlorceab1l1ty al any olher prov1s1on. 19. Succe•sor• and A•slgns. The obligations of all Mor1gagors are Joint and several, This Mortgage benel11s Lender. 11s successors and assigns. and binds

Mor1gagor(s) and lhelr teepeclive heirs, personal represenla11ves, successors and assigns. 20, Entire Agreement. This Mortgage Is Intended by the Mortgagor end Lender as a llnalexpresslon of this Mortgage and as a complete and e)lctus1ve s1a1emen1 ol 1ts

terms. lhere being no cond11ions lo the lull effecllvenE Doc' vr-: 2009 ·oodi C:r78~f44.26Page#-2·014·· ··- _,._ .... _ . ·---' ·- -··--·----· -· __ ..,,, .. --·· ·-·--

REEL 11'iO5IMAG18 4 3

LEGAL DESCRIPTION

Lots l through 22, inclusive, in Block l in Lynde's Addition in the South West 1/4 of Section 19, Township 7 North, Range 22 East, and the North½ of the vacated West McKinley Avenue between North 20 th Street and North 21°' Street, in the City of Milwaukee, County of Milwaukee and State of Wisconsin.

Address: 2001 West Vliet Street Tax I:D Number: 364-1201-111-7

'

,.

Doc Yr : 2009 Doc# 07844426 Page # 3 of 4

REEL 4 705IMAG18 44

ADDENDUM A TO REAL ESTATE MORTGAGE

Mortgagor and Lender agree that, notwithstanding anything to the contrary contained in this Real Estate Mortgage, upon request from Mortgagor to Lender, Lender will release and satisfy this Real Estate Mortgage provided that the Mortgagor has submitted written evidence that the Board of Zoning Appeals for the City of Milwaukee decision dated October 27, 1999 in Case Number 22348 has been upheld and no further challenges, pending or threatened litigation or administrative proceedings at law or in equity which would, if adversely determined, results in a material adverse change in the business, prospects or conditions of the Mortgagor and its use of the property described herein. Such written evidence shall be subject to written approval of the Lender, such approval not to be unreasonably withheld.

Mortgagor and Lender agree that, notwithstanding anything to the contrary contained in this Mortgage, Mortgagor shall have the right to cure any default as permitted in the Credit Agreement, whether such default occurs as a result of this Mortgage or the Credit Agreement. In the event of any conflict between this Mortgage and the Credit Agreement, the Credit Agreement shall control.

Doc Yr : 2009 Doc# 07844426 Page # 4 of 4

When recorded return to (name, address):

NORTH MILWAUKEE STATE BANK 56:JOW FOND OU LAC AVENUE MILWAUKEE, WI 63218

Parcel Number: 384· 1201-111-7

MORTGAGE (With Future Advance Clausel

D Construction Mortgage. This is a Construction Mortgage which secures an obligation incurred for the construction of an improvement on the Property, which may include the Property's acquisition cost. This obligation provides for future advances made for the completion of the contemplated improvement on the mortgaged Property.

DCJC.+f, 8716372

REGISTER'S OFFICE I 55 Hiivauke• County,Wll

RECORDED AT 1150 PK

01-13-2004

JOHN I.A FAYE REGISTER OF DEEDS

ANDUNT 25.00

------ Stat• of Wisconsin --------------------- Space Above This Line Far Recording Data -------

1. DATE AND PARTIES. The date of this Mortgage (Security lnstrumQnt) is _______ i]2£·~2~3~-2~0~0~3 _______ and the parties, their addresses and tax identification numbers, if required, are as follows:

MORTGAGOR: V.E. CARTER DEVELOPEMENT GROUP 2001 W. VLIET ST. MILWAUKEE, WJ 5:1206

D If checked, refer to the attached Addendum Incorporated herein, for additionAI Mortgagors, their signatures and acknowledgments.

LENDER: NORTH MILWAUKEE STATE BANK 5830 W FOND DU LAC AVENUE MILWAUKEE, WI 5:1218

2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure 1he Secured Debt (defined below) and Mortgagor's performance under this Security Instrument, Mortgagor grants, bargains, conveys and mortgages to Lender the following described property:

The property is located in ----------~~~~---------- at 2001 W. VLIET ST. fCountvt

(Address) --------~MwlL~WJA~Yll!\KE~•'--------- , Wisconsin ___ J6z,3u2~0~6c,_ __

ICity) IZlp CodeJ

WISCONSIN • AORICUL TURALICOMMERCIAL REAL ESTATE SECURITY INSTRUMENT !NOT FOR FNMII, FHLNC, fHA OR VA USE, AND NOT fOR CONSUMER fl!RPQSESJ (page 1 of 71

~ ©1994, 2001 &.nker• Sy11tems, Inc., St. Claud, MN Fo1rn AOCO·RESl·WI 1512912001

U1 -.I CJ1 =

3,

Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all diversion payments or third party payments made to crop producers, all water and riparian rights, wells, ditches, reservoirs, and water stack end all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the reef estate described above (all referred to as "Property").

MAXIMUM OBLIGATION LIMIT. The to1el principal emoun1 secured by this Security lns1rument at any one time shell not exceed $ 300 000 po . This limitation of amount does not include Interest and other fees and charges validly made pursuant to this Security Instrument. Also, this lrmltatlon does not apply to advances made under the terms of this Security Instrument to protect Lender's security and to perform any of the covenants contained [n this Security Instrument.

4, SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows: CJ1 A. Debt incurred under the terms of ell promissory note(s), contrac1{sl, guaranty(sJ or o1her evidence of deb1 described -..I

below and all their extensions, renewals, modifications or subs1itutions. (When referencing the debts below it is U, suggested that you include Items such as borrowers• names, note amounts, Interest rates, maturity dtUes, etc.) c:::,

8. AU future advances from Lender to Mortgagor or 01her fu1ure obligations of Mortgagor to Lender -under any promissory note, contract, guaranty, or 01her evidence of debt exis1ing now or executed af1er this Security lnstrumen1 whe1her or not this Security lns1rument is specifically referenced, and whether or not such future advances or future obligations are incurred for any purpose that was related or unrelated 10 the purpose of 1he evidence of debt. If more than one person signs 1his Security Instrument, each Mortgagor agrees that this Security lns1rument will secure all future advances and future obligations that are given to or incurred by any one or more Mortgagor, or any one or more Mortgagor and o1hers. All future advances and 01her future obligations are secured by 1his Security Instrument even though all or par1 may not ye1 be advanced. All future advances and 01her future obliga1ions are secured as if made on the date of 1his Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or fu1ure loans or advances in any amount. Any such commitment must be agreed to in a separate writing.

C. All obligations Mortgagor owes to Lender, which now exist or may la1er arise, to the ex1en1 no1 prohibi1ed by law. including, but not limited to, liabilities for overdrafts relating 10 any deposit accoun1 agreement be1ween Mortgagor and Lender.

D. All addltlonal sums advanced and expenses incurred by Lender for insuring, preserving or otherwise protecting the Proper1y end its value and any other sums advanced and expenses incurred by Lender under 1he terms of this Security Instrument.

This Security Instrument will not secure any other debt if Lender fails to give any required notice of the right of rescission.

6, PAYMENTS. Mortgagor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of 1he Secured Debt and 1hls Security Instrument.

8. WARRANTY OF TITLE. Mortgagor warrants that Mortgagor is or will be lawfully seized of the estate conveyed by 1hls Security Instrument and has the right to gran1, bargain, convey, sell, and mortgage the Property. Mortgagor also warrants that the Property is unencumbered, excep1 for encumbrances of record.

7, PRIOR SECURITY INTERESTS. Wi1h regard to any other mortgage, deed of trust, securi1y agreement or other lien document that created a prior securi1y ln1eres1 or encumbrance on the Property, Mortgagor agrees:

A. To make all paymen1s when due and to perform or comply with all covenants.

8. To promptly deliver to Lender any no1ices tha1 Mor1gagor receives from 1he holder.

C. Not to allow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien document without Lender's prior written consent.

8, CLAIMS AGAINST TITLE, Mortgagor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges rela1ing to the Property when due. Lender may require Mor1gagor 10 provide to Lender copies of all notices 1hat such amounts are due and the receipts evidencing Mortgagor's payment. Mor1gagor will defend title to the Property agains1 any claims that would impair 1he lien of 1his Security Instrument. Mortgagor agrees to assign to Lender, as requested by Lender, any rights, claims or defenses Mortgagor may have against parties who supply labor or materials to main1ain or Improve 1he Property.

fpaga 2 of 71

,- • ~ (Jo) 1994, 2001 Ban~era Systems, Ina., 51, Cloud, MN Form AGCO-RESI-WI 6129t2001

,;:.

9, DUE ON SALE OR ENCUMBRANCE. Lender may, at Its option, declare the entire balance of the Secured Debt to be immediately du? ai:id p~yable_ upon the creat.io~ of, or contract for the creation of, any lien, encum~rance, transfer or sale of the Property. This right 1s sub1ect to the restr1ct1ons imposed by federal law 112 C.F.R. 691), as apphcable. This covenant shall run with the Property end shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released.

10, TRANSFER OF AN INTEREST IN THE MORTGAGOR. If Mortgagor is or other organization), Lender may demand immediate payment if:

~ an entity other than a natural person (such as a corporation ,..--

A. A beneficial interest in Mortgagor is sold or transferred.

B, There is a change in either the identity or number of members of a partnership or similar entity,

C. There is a change in ownership of more than 26 percent of the voting stock of a corporation or similar entity,

However, Lender may not demand payment in the above situations if it Is prohibited by law as of the date of this Security Instrument,

11. ENTITY WARRANTIES AND REPRESENTATIONS. If Mortgagor Is an entity other than a natural person (such as a corporation or other organization), Mortgagor makes to Lender the following warranties and representations which shall continue as long as the Secured Debt remains outstanding:

A. Mortgagor Is duly organized and validly existing in Mortgagor's state of incorporation or organization, Mortgagor is in good standing in all states in which Mortgagor transacts business. Mortgagor has the power and authority to own the Property and to carry on its business as now being conducted and, as applicable, is qualified to do so in each state in which Mortgagor operates.

B. The execution, delivery and performance of this Security Instrument by Mortgagor and the obligations evidenced by the Secured Debt are within the power of Mortgagor, have been duly authorized, have received all necessary governmental approval, and will not violate any provision of law, or order of court or governmental agency.

C, Other then previously disclosed In writing to Lender, Mortgagor has not changed its name within the last ten years and has not used any other trade or fictitious name. Without Lender's prior written consent, Mortgagor does not and will not use any other name and will preserve its existing name, trade names and franchises until the Secured Debt is satisfied.

12. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Mortgagor will keep the Property In good condition and make all repairs that are reasonably necessary, Mortgagor shall not commit or allow any waste, impairment, or deterioration of the Property. Mortgagor will keep the Property free of noxious weeds and grasses. Mortgagor agrees that the nature of the occupancy and use will not substantially change without Lender's prior written consent. Mortgagor will not permit any change in any license, restrictive covenant or easement without Lender's prior written consent. Mortgagor will notify Lender of all demands, proceedings, claims, and actions against Mortgagor, and of any loss or damage to the Property.

No portion of the Proparty will be removed, demolished or materially altered without Lender's prior written consent except that Mortgagor has the right to remove items of personol property comprising a part of the Property that become worn or obsolete, provided that such personal property is replaced with other personal property at least equal in value to the replaced personal property,. free from any title retention device, security agreement or other encumbrance, Such replacement of personal property will be deemed subject to the security interest created by this Security Instrument. Mortgagor shall not partition or subdivide the Property without Lender's prior written consent.

Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time for the purpose of inspecting the Property, Lander shall give Mortgagor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Lender's benefit and Mortgagor will in no way rely on Lender's inspection.

13, AUTHORITY TO PERFORM. If Mortgagor fails to perform any duty or any of the covenants contained in this Security Instrument, Lender may. without notice, perform or cause them to be performed. Mortgagor appoints Lender as attorney in tact to sign Mortgagor's name or pay any amount necessary for performance. Lender's right to perform for Mortgagor shall not create an obligation to perform, and Lender's failure to perform will not preclude Lender from exercising any of Lender's other rights under the law or this Security Instrument. If any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may take all steps necessary to protect Lender's security interest in the Property. including completion of the construction.

14. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Mortgagor agrees to comply with the prov1s1ons of any lease if this Security Instrument is on a leasehold, If the Property Includes a unit in a condominium, time-share estate, or a planned unit development, Mortgagor will perform all of Mortgagor's duties under the covenants, by-laws, or regulations of the condominium, time-share estate, or planned unit development.

/pt11Je 3 of 7}

~ © 1994, 2001 Bllnku• Syat•ms, Inc,. SI. Cl01.1d, MN Form AGCO•RESl·WI 612912001

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16. DEFAULT. Mortgagor will be in default if any of the following occur: A. Any party obligated on the Secured Debt fails to make payment when due;

B. A breach of any term or covenant in this Security Instrument or any other document executed for the purpose of creating, securing or guarantying the Secured Debt;

C, The making or furnishing of any verbal or written representation, statement or warranty to Lender that is false incorrect in any material respect by Mortgagor or any person or entity obligated on the Secured Debt;

D. The death, dissolution, or insolvency of, appointment of a receiver for, or application of any debtor relief law to, Mortgagor or any other person or entity obligated on the Secured Debt;

E. A good faith belief by Lender at any time that Lender is insecure with respect to any person or entity obligated on the Secured Debt or that the prospect of any payment is Impaired or the value of the Property is impaired;

F. A material adverse change in Mortgagor's business including ownership, management, and financial conditions, Lender in its opinion believes impairs the value of the Property or repayment of the Secured Debt; or

which:::

c.n G, Any Joan proceeds are used for a purpose that will contribute to excessive erosion of highly erodible land or to theC)

conversion of wetlands to produce an agricultural commodity, as further explained in 7 C.F.R. Part 1940, Subpart G, Exhibit M.

18, REMEDIES ON DEFAULT, In some instances, federal and state law will require Lender to provide Mortgagor with notice of the right to cure or other notices and may es1ablish time schedules for foreclosure actions. Subject to these limitations, if any, z Lender may accelerate the Secured Debt end foreclose this Security Instrument In a manner provided by law if Mortgagor is in~ default. ........,

At the option of Lender, all or any part of the agreed fees and charges, accrued Interest and principal shall become immediately due and payable. after giving notice if required by law, upon the occurrence of a default or anytime thereafter. In addition, Lender shall be entitled to all the remedies provided by law, the terms of the Secured Debt, this Security Instrument and any related documents. All remedies are distinct, cumulative and not exclusive, and the Lender is entitled to all remedies provided at law or equity, whether or not expressly set forth. The acceptance by Lender of any sum in payment or partial payment on the"' Secured Debt after the balance is due or Is accelerated or after foreclosure proceedings are filed shall not constitute a waiver of CJ1 Lender's right to require complete cure of any existing default. By not exercising any remedy on Mortgagor's default, Lender O"\ does not waive Lender's right to later consider the event a default If it continues or happens again. O"\

17. REDEMPTION, The period of redemption is anytime before the foreclosure sale.

18. FORECLOSURE WITHOUT DEFICIENCY, If this Property is a 1-4 family residence that is owner-occupied at the beginning of a foreclosure action, a farm, a church, or a tax-exempt nonprofit charitable organization, then Mortgagor agrees to the provisions of Wis. Stat. Ann.§ 846,101, as amended, permitting Lender to waive its right to a judgment for a deficiency on real estate of 20 acres or less, and to hold a sale of the Property six months after the foreclosure judgment is entered. If this Property is not a 1-4 family residence that Is owner-occupied at the beginning of a foreclosure action, a farm, a church, or a tax-exempt nonprofit charitable organization, then Mortgagor agrees to the provisions of Wis. Stat. Ann. § 846.103, as amended, permitting Lender to waive its right to a judgment for a deficiency, and to hold a sale of the Property three months after a foreclosure judgment is entered. Regardless of terms to the contrary, it Mortgagor abandons the Property, then the sale of the Property shall be after two months from the date a foreclosure judgment is entered.

19. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. Except when prohibited by law, Mortgagor agrees to pay all of Lender's expenses if Mortgagor breaches any covenant In this Security Instrument. Mortgagor will also pay on demand any amount incurred by Lender tor insuring, inspecting, preserving or otherwise protecting the Property and Lender's security interest, These expenses will bear interest from the date of the payment until paid in full at the highest interest rate in effect as provided in the terms of the Secured Debt. Mortgagor agrees to pay all costs and expenses Incurred hy Lender in collecting, enforcing or protecting Lender's rights and remedies under this Security Instrument. This amount may include, but is not limited to, attorneys' fees, court costs, and other legal expenses. This Security Instrument shall remain in effect until released. Mortg~gor agrees to pay tor any recordation costs of such release.

20. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used ln this section, (1) Environmental Law means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CEACLA, 42 U.S.C. 9601 et seq.), all other federal, state and local laws, regulations, ordinances, court orders, attorney general opinions or interpretive letters concerning the public health, safety, welfare, environment or a hazardous substance; and (2) Hazardous Substance means any toxic, radioactive or hazardous material, waste, pollutant or contaminant which has characteristics which render the substance dangerous or potent/ally dangerous to the publlc health, safety, welfare or environment. The term includes, without limitation, any substances defined as "hazardous material," "toxic substances," "hazardous waste," "hazardous substance," or "regulated substance" under any Environmental Law.

(par," 4 of 7)

~"?i:& (cJ 1994, 2001 8;,nker~ System9, Inc .. St. Cloud, MN Farm AGCO·RESl·Wt 512912001

21.

22.

Mortgagor represents, warrants and agrees that: A. Except as previously disclosed and acknowledged in writing to Lender, no Hazardous Substance has been, Is, or will be

located, transported, manufactured, treated, refined, or handled by any person on, under or about the Property, except in the ordinary course of business and in strict compliance with all applicable Environmental Law.

B.

C.

D.

E.

F.

Except as previously disclosed and acknowledged in writing to Lender, Mortgagor has not and will not cause, contributw to, or permit the release of any Hazardous Substance on the Property. ,-- _

Mortgagor will immediately notify Lender if 11) a release or threatened release of Hazardous Substance occurs on under or ~bout the Property or "'!igrates or threatens to migrate from nearby pro~erty; or (2) there is a violation 'at any Environmental Law concerning the Property. In such an event, Mortgagor will take all necessary remedial action in accordance with Environmental Law.

Except as previously disclosed and acknowledged in writing to Lender, Mortgagor has no knowledge of or reason to believe there is any pending or threatened investigation, claim, or proceeding of any kind relating to ( 1) any Hazardous c..n Substance located on, under or about the Property; or 12) any violation by Mortgagor or any tenant of any Environmentat--1 Law. Mortgagor will immediately notify Lender in writing as soon as Mortgagor has reason to believe there is any suchLJ1 pending or threatened investigation, claim, or proceeding. In such an event, Lender has the right, but not the obligation, c::, to participate in any such proceeding including the right to receive CQPias of any documents relating to such proceedings.

Except as previously disclosed and acknowledged in writing to Lender, Mortgagor and every tenant have been, are and shall remain in full compliance with any applicable Environmental Lew.

Except as prevlously disclosed and acknowledged in writing to Lender, there are no underground storage tanks, private =iii: dumps or open wells located on or under the Property and no such tank, dump or well will be added unless Lender first :r.-. consents in writing. ~

G. Mortgagor will regularly inspect the Proparty, monitor the activities and operations on the Property, and confirm that all permits, licenses or approvals required by any applicable Environmental Law are obtained and complied with.

H. Mortgagor WIii permit, or cause any tenant to permit, Lender or Lendar's agent to enter and inspect the Property and review all records at any reasonable time to determine (1) the existence, location and nature of any Hazardous l'v Substance on, under or about the Property; (21 the eKistence, location, nature, and magnitude of any Hazardous Substance that has been released on, under or about the Property; or (3) whether or not Mortgagor and any tenant are in <..n compliance with applicable Environmental Law. CT\

I. Upon Lender's request and at any time, Mortgagor agrees, at Mortgagor's expense, to engage a qualified environmental engineer to prepare an environmental audit of the Property and to submit the results of such audit to Lender. The choice of the environmental engineer who will perform such audit is subject to Lender's approval.

J. Lender has the right, but not the obligation, to perform any of Mortgagor's obligations under this section at Mortgagor's expense.

K. As a consequence of any breach of any representation, warranty qr promise made in this section, ( 1 J Mortgagor will indemnify and hold Lender and Lender's successors or assigns harmless from and against all losses, claims, demands, liabllities, damages, cleanup, response and remediEJtion co~ts, penalties and expenses, including without limitation all costs of-litigation and attorneys' fees, which Lender and Lender's successors or assigns may sustain; and (2) at Lender's discretion, Lender may release this Security Instrument and in return Mortgagor will provide Lender with collateral of at least equal value to the Property secured by this Security Instrument without prejudice to any of Lender's rights under this Security Instrument.

L. Notwithstanding any of the language contained in this Security ·Instrument to the contrary, the terms of this section shalt survive any foreclosure or satisfaction of this Security Instrument regardless of any passage of title to Lender or any disposition by Lender of any or all of the Property. Any claims and defenses to the contrary are hereby waived.

CONDEMNATION. Mortgagor will give Lender prompt notice of any pending or threatened action, by private or public entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Mortgagor authorizes Lender to Intervene in Mortgagor's name in any of the above described actions or claims. Mortgagor assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, securi.ty agreement or other lien document.

INSURANCE. Mortgagor agraes to maintain insurance as follows: A. Mortgagor shell keep the Property insured against loss by fire, flood, theft and other hazards and risks reasonably

associated with the Property due to its type and location, This insurahce shall be maintained in the amounts and for the periods that Lander requires. The insurance carrier providlMQ the Insurance shall be chosen by Mortgagor subject to Lender's approval, which shall not be unreasonably withheld. If Mortgagor fails to maintain the coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the Property according to the terms of this Security Instrument.

All lnsuranc,ollcles and renewals shall be acceptable to Lender and shall include a standard "mortgage clause" and, where epplic le, "loss payee clause." Mortgagor shall immediately notify Lender of cancellation or termination of the insurance. L tter shall have the right to hold the policies and renewals. If Lender requires, Mortgagor shall Immediately give to Lend · all receipts of paid premiums end renewal notices. Upon loss, Mortgagor shall give immediate notice to the insurance carrier and Lender. Lender may make proof of loss if not made immediately by Mortgagor.

{page 5 of 7)

~ © 1994, 2001 8•nk••• Sy•l•ms, lnD., St. Cloud, MN Form AGC0-RE51-WI 5/291200 1

Unless otherwise agreed in writing, all insurance proceeds shall be applied to restoration or repair of the Property or to the Secured Debt, whether or not then due, at Lender's option. Any application of proceeds to principal shall not extend or postpone the due date of scheduled payment nor change the amount of any payment. Any excess will be paid to the Mortgagor, If the Property is acquired by Lender, Mortgagor's right to any Insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Lender to the extent of the Secured Debt immediately before the acquisition, .:;:11:1

B. Mortgagor agrees to maintain comprehensive general liability insurance naming Lender as an additional insured in aP amount acceptable to Lender, Insuring against claims arising from any accident or occurrence in or on the Property.

Mortgagor agrees to maintain rental loss or business interruption insurance, as required by Lender, in an amount equal to at least coverage of one year's debt service, and required escrow account deposits (if agreed to separately in writing),

C.

under a form of policy acceptable to Lender.

23. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Mortgagor will not be required to<,.n pay to Lender funds for taxes and insurance in escrow. -J

CJ1 24. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Mortgagor will provide to Lender upon request, any financial statementc:::, or information Lender may deem reasonably necessary. Mortgagor agrees to sign, deliver, and file any additional documents or certifications that Lender may consider necessary to perfect, continue, and preserve Mortgagor's obligations under this Security Instrument and Lender's lien status on the Property.

26, JOINT AND INDIVIDUAL LIABILITY; CO•SIONERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and Individual. If Mortgagor signs this Security Instrument but does not sign an evidence of debt, Mortgagor§ does so only to mortgage Mortgagor's interest in the Property to secure payment of the Secured Debt and Mortgagor does not~ agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Lender end Mortgagor,,....... Mortgagor agrees to waive any rights that may prevent Lender from bringing any action or claim against Mortgagor or any party indebted under the obligation, These rights may include, but are not limited to, any anti~deflciency or one~action laws, Mortgagor agrees that Lender and any party to this Security Instrument may extend, modify or make any change ln the terms of this Security Instrument or any evidence of debt without Mortgagor's consent. Such a change will not release Mortgagor from the terms of this Security Instrument. The duties and benefits of this Security Instrument shell bind and benefit the successors anr;t assigns of Mortgagor and Lender, f'J

26. APPLICABLE LAW; SEVERABILITV; INTERPRETATION. This Security Instrument Is governed by the laws of the jurisdiction in c.n which Lender is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located.~ This Security Instrument is complete and fully integrated, This Security Instrument may not be amended or modified by oral CX) agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or implledly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shell include the plural and the plural the singular. The captions end headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essenoe ln this Security Instrument.

27. NOTICE, Unless otherwise required by law, any notice shall be given by delivering It or by malling it by first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice to one mortgagor will be deemed to be notice to all mortgagors.

28. WAIVERS. Except to the extent prohibited by law, Mortgagor waives all appralsement and homestead exemption rights relating to the Property.

29. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Security Instrument:

D Fixture FIiing. Mortgagor grants to Lender a security interest in all goods that Mortgagor owns now or in the future and that are or will become fixtures related to the Property,

D Crops; Timber; Minerals; Rents, Issues, and Profits, Mortgagor grants to Lender a security interest in all crops, timber and minerals located on the Property as well as all rents, issues, and profits of them including, but not limited to, all Conservation Reserve Program (CAP) and Payment in Kind (PIK) payments and similar governmental programs (all of which shall also be included in the term "Property"),

D Personal Property. Mortgagor grants to Lender a security interest in all personal property located on m connected with the Property, including all farm products, Inventory, equipment, accounts, documents, instruments, chattel paper, general intangibles, and all other Items of personal property Mortgagor owns now or in the future and that are used or useful in the construction, ownership, operation, management, or maintenance of the Property (ell of which shall also be included in the term "Property"I, The term "personal property" specifically excludes that property described as "household goods" secured in connection with a "consumer" loan as those terms are defined in applicable federal regulations governing unfair and deceptive credit practices.

D Flllng As Financing Statement, Mortgagor agrees and acknowledges that this Security Instrument also suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code.

(page 6 of 7J

~ («; 1994. 2001 Bankers Syst,.ma. Inc. St Cloud, MN Fo,m AGCO-RES\-WI 5.'.;!!ll.!001

30. OTHER TERMS. If checked, the following are applicable to this Security Instrument:

D Line of Credit. The Secured Debt Includes a revolving line of credit pro'!'ision.

D Agricultural Property. Mortgagor covenants and warrnnts that the Property will be used principally for agricultural or farming purposes and that Mortgagor is an individual or entity allowed to own agricultural land as specified by law.

D Additional Terms.

FOR WISCONSIN RESIDENTS ONLY:

The Secured Debt is incurred in the interest of undersigned Mortgagors' marriages or families.

=-----------------~=~-[Seal) lSignatun•J !D11tel ====-------------------- [SealJ 1Sign11111u,el IOatel

SIGNATURES: By signing under seal below, Mortgagor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Mortgagor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1.

Entity Name:

(Signature) (Seal]

1Datal

(Signature! CDate) (Seal)

(Signature) (Seal]

(Date)

ACKNOWLEDGMENT:

llr>diVldUall

STATE OF ________________ , COUNTY OF _________________ _ } ss. This instrument was acknowledged before me this _________ day of by ______________________________________ _

My commission expires:

(Seal)

STATE OF ,,w,,,s,,,c,,oN.,,Sa,IN,,_ __________ _

INotarv Publlc:I

COUNTY OF aNwlL-,WuA"""'"'"Ee._ _____________ } ss. 2:JAP day of DECEMBER 200:J

LAURA A. PINSON

(Titla(sll

or entity.

>

This Instrument was drafted by ,LAm,U,iRAJ:i!!!ll!IL. __________________________________ _ fnameJ.

~ © 1994, 2001 Bankar• Sy•1oma. lno .• St, Cl01.1d, MN Fotm AGCO·RESl•WI 6/2912001 (page 1 of 7)

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LOTS 1 THROUGH 226

INCLUSIVE, IN BLOCK 1 IN LYNDE'S ADDITION IN THE SOUTH WEST 1/4 OF SECT! N 19, TOWNSHIP 7 NORTH, RANGE 22 NORTH 20TH STREET AND NORTH 21ST STREET, IN THE CITY OF MILWAUKEE, COUNTY OF MILWAUKEE AND STATE OF WISCONSIN. FOR INFO PURPOSES: 2001 W VLIET STREET

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AFFIDAVIT 01' CORRECTION

AFFIANT, V E CARTER DEVELOPMENT GROUP

hereby 1wcarJ or affinrie 111111 a ceualn docunnmt which was titled as follows: MORTGAGE (type of document), ,eco1dcd

nn rhc 7TH day or SEPTEMBER , 2004 (year) in Volumo / Reel 5 7 50 Paje / Image .::2:=5C>7_.0:,.._ __ _ H Documc,11 Number 8716372 wbil':b waa recordcJ In MILWAUKEE CowilY, Stato of Wisconsin, conllillcd dac followin1 orror (If more ,pace Is needed, please attach addendum):

INCOMPLETE LEGAL DESCRIPTION

DOC.# 0S869461

REGISTER'S OFFICE I SS llilwauk- County, WII

RECORDED AT 82:39PII

89/21/2884

JOHN LA FAYE REGISTER OF DEEDS AIIOUNT 15.ee

tine and ~el\Ull Addrwn NORTH MILWAUKEE STATE BANK 9049 N 76TH ST MILWAUKEE WI 53223

AfflANT mike, tlrl1 MnJavit for tho purpooo of correcting tho obovt document 364-1201-111-7 •• follow, (lfmo10 space Is needed, please 1t11oh addondum): Pucci ldCA1iftwlon tlumw(PIN)

LOTS 1 THROUGH 22, INCLUSIVE IN.BLOCK 1 IN LYNDE'S ADDITION IN THE SOUTHWEST 1/4 OF SECTION 19, TOWNSHIP 7 NORTH; RANGE 11 EAST, AND THE NORTH 1/2 OF THE VACATED WEST MCKINLEY AVENUE BETWEEN NORTH 20TH.STREET AND NORTH 21ST STREET, IN THE CITY OF MILWAUKEE, COUNTY OF MILWAUKEE STATE OF WISCONSIN.

FOR INFORMATION PURPOSE: 2001 W VILET STREET

A copy or1hoorlgln1I document (in pert or whole)~ Is 011 not 1111ch1d lo 1h11 AfnJ IIIHIICd, pl11111UHII 11111 d11crlpllon and nam11 Df ,,anion and .. , ...

S1ato or Wl1consln

County of MILWAUKEE

)

) "· I

· APPIANT I• the (check one):

g Drafter orthe document In ""-:&i>'" 0 Owner or tho properly d11cr corrc,tcd.

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di.Jed and Jwom 10 (01 afflmacd) bcifort mt tbl• 0 Othcr(oxpl1in: ___________ _

v~!:t-day or ?---· 2004

tlalary Public, Ster• or Witoonoln I M,; ,onunii,ioii (oxplm) (i1): ___ 5"l.,_1y.:i.11IO,;;~=---

-. , .. nrrs FOUf.lS 1t1rBND1iD TO COJIJI.ECT SCRJIINEll'.S .EUOIIS ,tND NOT YOR TJJF. CONl'liYANCB OF RJUt. ,110,e11.rr.

• t,l,mo11 of pcr,on1 sl,nina in 1ni,4 c:ap1cf1r mutt be ryptd or prldted klow their 1lc11uurc.

Doc Yr: 2004 Doc#08869461 Page#l of 3

LOTS 1 THROUGH 22, INCLUSIVE, IN BLOCK l IN LYNDE'S ADDITION IN THE SOUTH WEST 1/4 OF SECTION 19, TOWNSHIP 7 NORTH, RANGE 22 NORTH 20TH STREET AND NORTH 21ST STREET, IN THE CITY OF MILWAUKEE, COUNTY OF MILWAUKEE AND STATE OF WISCONSIN. FOR INFO PURPOSES: 2001 W VLIET STREET

.,

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Doc Yr: 2004 Doc#08869461 Page#2 of 3

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When recorded return to (name, address):

NORTH MILWAUKEE STATE BANK 5630 W FOND DU LAC AVENUE MILWAUKEE, WI 53216

Parcel Number: 3641201· 111-7

MORTGAGE (With Future Advance Clausel

D Construction Mortgage. This i!l a Construction Mortgage which secures an obligation incurred for the construction of an improvement on the Property, which may include the Property's ac4uisition cost. This obligation provides for future advances made for the completion of the contemplated improvement on the mortgaged Property.

DOC.# B71E.372

REGISTER'S OFFICE I SS Kilvauke• County,WII

RECORDED AT 1150 PK

01-13-2004

JOHN LA FAYE REGISTER OF DEEDS

ANOUHT 25,00

----- State of Wisconsin ----------------- Space Above This Lin• for Recording Data ------

1. DATE AND PARTIES. The date of this Mortgage (Security Instrument) is ---~---'1"2"-2":J."2"D1Y.l"'------- and the parties, their addresses and tax identification numbers, if required, are as follows:

MORTGAGOR: V.E. CARTER DEVELOPEMENT GROUP 2001 W. VLIET ST. MILWAUKEE. WI 53205

D If checked, refer lo the attached Addendum incorporated herein, for additional Mortgagors, their signatures end acknowledgments.

LENDER: NORTH MILWAUKEE STATE BANK 5630 W FOND OU LAC AVENUE MILWAUKEE, WI 53216

'

2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and 10 secure the Sem1red Debt (defined below) and Mortgagor's performance under this Security Instrument, Mortgagor grants, bargains. conveys and mortgages to Lender the following described property:

The property is located in ______________________ _ at 2001 W. VLIET ST. ICounlV)

IAdtkeul ______ __,M.,l"LWu,Aa,U~K,.,E..._E _______ , Wisconsin --~6~3~2~05~--

ICitvl IZip Code)

WISCONSIN • AGRICUL TURALICOMMERCIAL REAL ESTATE SECURITY INSTRUMENT (NOT FOR FNMA, fllLMC, FHA OR VA USf, AHD NOT FDR CONSUM(ft PURPOSES! lpo11• I of 71

~ © 1994, 2001 Banker, Sy11m1, loo,. S1. Cloud, MN form AGCO·IIESI-WI 6/29/2001

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When recorded return to lnam ... 11ddrHal: NORTH MILWAUKEE STATE BANK 9049 NO. 76TH ST. MILWAUKEE, WI 63223

Parcel Number: 384·1201·111·7

ASSIGNMENT OF LEASES AND RENTS (With Future Advance Clause)

D This Assignment of Leases and Rents which secures an obligation Incurred for tht:1 co11i:;t1uotion of an improvement on the Property, which may include the Property's acquisition cost, This obligation provides for future advances made for the completion of the contemplated improvement on the assigned Property.

ooc_ * 8716373

REGISTER'S OFFICE I SS Milwaukee County,WII

RECORDED AT 1150 PK

01-13-2004

.JOHN LAFAVE REGISTER OF DEEDS

AKOUNT 27.00

---- State of Wisconsin -------------- Space Above Thia Line For Recording Data ___ _

1. DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is 12·23·2003 . The parties end their addresses ere:

ASSIGNOR: V.E. CARTER DEVELOPEMENT GROUP 2001 W. VLIET ST. MILWAUKEE, WI 63206

D Refer to the Addendum that is attached and incorporated herein for additional Assignors. LENDER: NORTH MILWAUKEE STATE BANK

6830 W FOND au LAC AVENUE MILWAUKEE, WI 63216

2. ASSIGNMENT OF LEASES AND RENTS, For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debts and Assignor's performance under this Assignment, Assignor irrevocably assigns, grants, bargains, conveys and mortgages to Lender as edditional security all the right, title and Interest in the following (all referred to as Property),

A. Existing or future leases, subleases, licenves, guaranties and any other written or verbal agreements for the use and occupancy of the Property, including any extensions, renewals, modifications or replacements (all referred to as Leases),

B. Rents, issues and profits (all referred to as Rents), Including but not limited to secur)ty deposits, minimum rent, percentage rent, additional rent, common area maintenance charges, parking charges, real estate taxes, other aa:,plioable taxes, Insurance premium contributions, liquidated damages following default, cencellatlon premiums, "loss of rents" Insurance, guest receipts, revenues, royalties, proceeds, bonuses, accounts, contract rights, general intan_glbles, end all rights and claims which Assignor may have that in any way pertain to or are on account of the use or occupancy of the whole or any part of the Property.

C. The term Property as used in this Assignment shall include the following described real property:

WtsCONIHN ANIGMMINT OF LEASES AND RENTS INOT FOR FNMA, FHLMC, OR VA USE AND NOT FOR CONSUMER PURPOSES! (page 1 of BJ

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The Property is located in __________________________ County at

2001 W VLIET SJ MILWAUKEE, WI 53205 (Address. City, State, ZIP Code).

In the event any item listed as Leases or Rents is determined to be personal property, this Assignment will also be regarded as a security agreement.

3. MAXIMUM OBLIGATION LIMIT, The total principal amount secured by this Assignment at any one time will not exceed $ 3QO 000.00 . This limitation of amount does not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly made pursuant to this Assignment to protect Lender's security and to perform any of the covenants contained in this Assignment. Nothing in this Assignment, however, shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment would need to be agreed to in a separate writing.

4. SECURED DEBTS. This Assignment will secure the following Secured Debts: A. 0 Specific Debts. The following debts end all extensions, renewals, refinencings, modifications and

replacements. (Include ite1ns such aa borrow,i• names. note amounts. Interest re1es, matllfltv dates, etc.I

D One or more of 1he debts secured by this Assignment contains a future advance provision. B. IX] All Debts. All present and future debts from Assignor and ______________________ _

to Lender, even if this Assignment is not speciflcelly referenced or if the future debt is unrelated to or of a different type than this debt. If more than one person signs this Assignment, each agrees that it will secure debts incurred either individually or with others who may not sign this Assignment. Nothing In this Assignment constitutes a commitment to make additional or future loans or advances. Any such commitment must be in writing. In the event that Lender falls to provide notice of the right of rescission, Lender waives any subsequent security interest in the Assignor's principal dwelling that Is created by this AS5ignment. This Assignment will not secure any debt tor which a non•possessory, non•purchase money security interest Is created in "household goods'' rn connection with a "consumer loan," as those terms are defined by federal law governing unfair and deceptive credit practices. This Assignment will not secure any debt for which a security interest is created in "margin stock" and Lender does not obtain a "statement of purpose," as defined and required by federal law governing securities.

C. Sums Ad'1anced. All sums advanced end expenses incurred by Lender under the terms of this Assignment.

6. PAVMENT,S. Assignor agrees that all payments under the Secured Debts will be paid when due and in accordance with the terms of the Secured Debts and this Assignment.

6. COLLECTION OF RENTS. Assignor may collect, receive, enjoy and use the Rents so long as Assignor is not in default. Assignor will not collect in advance any Rents due in future lease periods, unless Assignor first obtaim::i Lerider's written consent. UprJr, default, Assignor will recAiVA any Rents in trust for Lender and Assignor will not commingle the Rents with any other funds. When Lender so directs, Assignor will endorse and deliver any payments of Rents from the Property to Lender. Amounts collected will be applied at Lender's discretion to the Secured Debts, the costs of managing, protecting and preserving the Property, and other necessary expenses. Assignor agrees that this Assignment is immediately effective between Assignor and Lender and effective as to third parties on the recording of this Assignment.

7, WARRANTIES AND REPRESENTATIONS. To induce lender to enter into the Loan, Assignor makes these representations and warranties for as long as this Assignment is in effect. A. Power. Assignor is duly organized, validly existing and in good standing under the laws in the jurisdiction

where Assignor was organized and is duly qualified, validly existing and In good standing in all Jurisdictions in which Assignor operates or Assignor owns or leases property. Assignor has the power and authority to enter Into this transaction and to carry on Assignor's business or activity as now conducted.

B. Authority. The execution, delivery and performance of this Assignment and the obligation evidenced by this Assignment: are within Assignor's duly authorized powers; has received all necessary governmental approval; will not violate any provision of law or order of court or governmental agency; and will not

(P~IIB 2 of 81

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violate any agreement to which Assignor is a party or to which Assignor Is or any of Assignor's property is subject.

C. Name and Place of Business. Other than previously disclosed in writing to Lender, Assignor has not changed Assignor's name or principal place of business within the last ten years and has not used any other trade or fictitious name. Without Lender's prior written consent, Assignor does not and will not use any other name end will preserve Assignor's existing name, trade names and franchises,

D. Ownerahlp or Lease of Property. Assignor owns or leases all property that Assignor needs to conduct Assignor's business and activities, All of Assignor's property is frae and clear of all liens, security interests, encumbrances and other adverse claims and interests, except those Lender previously agreed to in writ_ing.

E. Compliance with Laws. Assignor is not violating any laws, regulations, rules, orders, judgments· or decrees applicable to Assignor or Assignor's property, except for those that Assignor is challenging in good faith through proper proceedings after providing adequate reserves to fully pay the claim and its challenge should Assignor lose.

F. Title. Assignor has good title to the Leases, Rents and Property and the right to assign, grant, bargain, convey and mortgage to Lender as additional security the Leases and Rents, and no other person has any right in the Leases and Rents.

G. Recordatlon. Assignor has recorded the Leases es required by law or as otherwise prudent for the type and use of the Property,

H. Dafautt. No default exists under the.Leases, and the parties subject to the Leases have not violated any applicable law on leases, licenses and landlords and tenants. Assignor, at its sole cost and expense, will keep, observe and perform, and require all other parties to the Leases to comply with the Leases and any applicable law. If Assignor or any party to the Lease defaults or fails to observe any applicable law, Assignor will promptly notify Lender.

I. Laa- Modification. Assignor has not sublet, modified, extended, canceled, or otherwise altered the Leases, or accepted the surrender of the Property covered by the Leases (unless the Leases so required).

J, Encumbrance, Assignor has not assigned, compromised, subordinated or encumbered the Leases and Rents.

8. COVENANTS. Assignor agrees to the following covenants: A. Rent Abatement and Insurance. When any Lease provides for an abatement of Rents due to fire, flood or

other casualty, Assignor wlll Insure against this risk of loss with a policy satisfactory to Lender. Assignor may choose the insurance company, subject to Lender's approval, which wlll not be unreasonably. withheld.

B. Coples of Leases. Assignor will promptly provide Lender with copies of the Leases and will certify these Leases are true and correct copies. The existing Leases will be provided on execution of the Assfgnment, and all future Leases and any other Information with respect to these Leases will be provided immediately after they are executed.

C. Right to Rents. Immediately after the execution of this Assignment, Assignor will notify all current and future tenants and others obligated under the Leases of Lender's right to the Leases and Rents, and will request that they immediately pay all future Rents directly to Lender when Assignor or Lender asks them to do so.

D. Accounting. When Lender requests, Assignor will provide to Lender an accounting of Rents, prepared in a form aooeptable to Lender, subject to generally accepted accounting principles and certified by Assignor or Assignor's accountant to be current, accurate and complete as of the date requested by Lender.

E. L••- Modification. Assignor will not sublet, modify, ex.tend, cancel, or otherwise alter the Leases, or accept the surrender of the Property covered by the Leases {unless the Leases so required) without Lender's written consent.

F. Encumbranc•. Assignor will not assign, compromise, subordinate or encumber the Leases and Rents without Lender's prior written consent.

G. Future Leases. Assignor will not enter into any future Looses without prior written consent from Lender. Assignor will execute and deliver such further assurances and assignments as to these future Leases as Lender requires from time to time.

H. Peraon•I Property. Assignor will not sell or remove any personal property on the Property, unless Assignor replaces this personal property with like kind for the same or better value.

I. Pro-cutlon and Defense of Claims, Assignor will appear in and prosecute Its claims or defend its title to the Leases and Rents against any claims that would impair Assignor's interest under this Assignment and, on Lender's request, Assignor will also appear In any action or proceeding on behalf of Lender. Assignor agrees to assign to Lender, as requested by Lender, any right, claims or defenses which Assignor may have against parties who supply labor or materials to Improve or maintain the leaseholds subject to the Leases and/or the Property.

J. Llabllty and Indemnification, Lender does not assume or become liable for the Property's maintenance, depreciation, or other losses or damages when Lander acts to manage, protect or preserve the Property, except for losses or damages due to Lender's gross negligence or intentional torts to the extent permitted

(page 3 of BJ

~ @:aoo1 El<ink,,ra t!Y•l<>rn1', lnr.,. fl1. (loud, MN Fuun ABMT-flENl·WI :u111u1<.n

by law. Otherwise, Assignor will indemnify Lender end hold Lender harmless for all liability, loss or damage that Lender may incur when Lender opts to exercise any of its remedies against any party obligated under the Leases.

K. Leasehold Estate, Assignor will not cause or permit the leasehold estate under the Leases to merge with Assignor's reversionary interest, and agrees that the Leases shall remain in full force and effect regardless of any merger of the Assignor's interests and of any merger of the interests of Assignor and any party obligated under the Leases.

L. Insolvency, Lender will be the creditor of each tenant and of anyone else obligated under the Leases who is subject to an assignment for the benefit of creditors, an insolvency, a dissolution or a receivership proceeding, or a bankruptcy.

9. TRANSFER OF AN INTEREST IN THE ASSIGNOR. If Assignor is an entity other than a natural person (such as a corporation or other organization), Lender may demand immediate payment if: A. A beneficial interest in Assignor is sold or transferred. B. There is a change in either the Identity or number of members of a partnership or similar entity. C. There is a change in ownership of more than 26 percent of the voting stock of a corporation or similar

entity. However, Lender may not demand payment in the above situations if it is prohibited by law as of the date of this Assignment.

10. DEFAULT. Assignor will be in defeult if any of the following occur with regard to the Secured Debts that are secured by this Assignment: A. Payments, Assignor fails to make a payment in full when due. B. Insolvency or Bankruptcy. Assignor makes an assignment for the benefit of creditors or becomes

insolvent, either because Assignor's liabilities exceed Assignor's assets or Assignor is unable to pay Assignor's debts as they become due; or Assignor petitions for protection under federal, state or local bankruptcy, insolvency or debtor relief laws,- or is the subject of a petition or action under such laws and fails to have the petition or action dismissed within a reasonable period of time not to exceed 60 days.

C. Death or Incompetency. If Assignor is an indlvldual, Assignor dies or is declared legally incompetent. D. Business Termination, If Assignor is not an individual, Assignor merges, dissolves, reorganizes or ends its

business or existence, or a partner or majority owner dies or is declared legally Incompetent. E. Failure to Perform. Assignor fails to perform any condition or to keep any promise or covenant of this

Assignment, any other document evidencing or pertaining to the Loan, or any other debt or agreement Assignor has with Lender,

F. Misrepresentation, Assignor makes any verbal or written statement or provides any financial information that is untrue, inaccurate, or conceals a material fact at the time it is made or provided.

G. Property Transfer. Assignor transfers ell or a substantial part of Assignor's money or property. H. Property Value, The value of the Property declines or is impaired. I. Name Change. Assignor changes Assignor's name or assumes an additional name without notifying Lender

before making such a change . .J. Material Change. Without first notifying Lender, there is a material change in Assignor's business,

Including ownership, management, and f!nancial conditions. K. Insecurity. Lender reasonably believes that Lender is insecure.

11. REMEDIES. After Assignor defaults, and after Lender gives any legally required notice and opportunity to cure the default, Lender may at Lender's option do any one or more of the following: A. Acceleradon. Lender may make all or any part of the amount owing by the terms of the Secured Debts

Immediately due. B. Additional Security, Lender may demand additlonal i&ecurity or additional parties to be obligc1ted to pay the

Secured Debts. C. Sources. Lender may use any and all remedies Lender has under the state law where the Property is

located or federal law or in any instrument evidencing or pertaining to the Secured Debts. 0. Insurance Benefits, Lender may make a claim for any and all insurance benefits or refunds that may be

available on Assignor's default. E. Payments Made On Assignor's Behalf. Amounts advanced on Assignor's behalf will be immediately due

end may be added to the Secured Debts. F. Rents, Lender may terminate Assignor's right to collect Rents and directly collect and retain Rents in

Lender's name without taking possession of the Property and to demand, collect, receive, and sue for the Rents, giving proper receipts and releases. In addition, after deducting all reasonable expenses of collection from any collected and retained Rents, Lender mey apply the balance es provided for by the Secured Debts.

G. Entry. Lender may enter, take possession, manage and operate ell or any part of the Property; make, modify, enforce or cancel or accept the surrender of any Leases; obtain or evict any tenants and licensees; increase or reduce Rents; decorate, clean end make repairs or do any other act or incur any other cost

(palJB 4 Of 8}

~ (o\:2001 D&o~IH& Sya1e1n•. IM., $1. Cloud, MN form ASMT-llfNT-WI :112712002

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Lender deems proper to protect the Property as fully as Assignor could do, Any funds collected tram the operation of the Property may be applied in such order as Lender may deem proper, including, but not limited to, payment of the following: operating expenses, management, brokerage, attorneys' and accountants' fees, the Secured.Debts, and toward the maintenance of reserves for repair or replacement, Lender may take such action without regard to the adequacy of the security, with or without any action or proceeding, through any person or agent, or receiver to be appointed by a court, and irrespective of Assignor's possession. The collection and application of the Rents or the entry upon and taking possession of the Property as set out In this section shell not cure or waive any notice of default under the Secured Debts, this Assignment, or Invalidate any act pursuant to such notice. The enforcement of such remedy by Lender, once exercised, shall continue for so long as Lender shall elect, notwithstanding that such collection and application of Rents may have cured the original default.

H. Waiver. Except as otherwise required by law, by choosing any one or more of these remedies you do not give up any other remedy. You do not waive a default if you choose not to use a remedy. By electing not to use any remedy, you do not waive your right to later consider the event a default and to use any remedies if the default continues or occurs again.

12. APPOINTMENT OF A RECEIVER. On or after an Assignor's default, Assignor agrees to Lender making an application to the court for an appointment of a receiver for the benefjt; qf Lender to take possession of the Property and the Leases, with the power to receive, collect and apply the Rents, Any Rents collected will be applied as the court authorizes to pay taxes, to provide insurance, to make repairs and to pay costs or any other expenses relating to the Property, the Leases and Rents, and any remaining sums shall be applied to the Secured Debts. Assignor agrees that this appointment of a receiver may be without giving bond, without reference to the then·existing value of the Property, and without regard to the insolvency of any person liable for any of the Secured Debts.

13. COLLECTION EXPENSES AND ATTORNEYS' FEES. To the extent permitted by law, Assignor agrees to pay all expenses of collection, enforcement or protection of Lender's rights and remedies under this Assignment. Unless the applicable law that governs this Assignment is North Dakota, expenses include, but are not limited to, reasonable attorneys' fees, court costs and other legal expenses. These expenses are due and payable immediately. These expenses will bear interest from the date of payment until paid in full et the contract interest rate then in effect for the Loan. To the extent permitted by the United States Bankruptcy Code, Assignor agrees to pay the reasonable attorneys' fees Lender incurs to collect this Asslg·nment as awarded by any court exercising jurisdiction under the Bankruptcy Code.

14. ENVIRONMENTAL LAWS ANO HAZARDOUS SUBSTANCES. As used In this section, 11) Environmental Law means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA, 42 U.S.C. 9601 et seq.I, all other federal, state and looal laws, regulations, ordinances, court orders, attorney general opinions or interpretive letters concerning the public health, safety, welfare, environment or a hazardous substance; and (2) Hazardous Substance means any toxic, radioactive or hazardous material, waste, pollutant or contaminant which has characteristics which render the substance dangerous or potentially dangerous to the public health, safety, welfare or environment. The term includes, without limitation, any substances defined as "hazardous material," "toxic substances," "hazardous wasto," "hazardous substance," or "regulated substances" under any Environmental Lew.

Assignor represents, warrants and agrees that: A. Except as previously disclosed end acknowledged in writing to Lender, no Hazardous Substance has been,

is, or will be located, transported, manufactured, treated, reflnad, or handled by any person on, under or about the Property, except In the ordinary course of business and in strict compliance with all applicable Environmental Law.

8. Except as previously disclosed and acknowledged in writing to Lender, Assignor has not and will not cause, contribute to, or permit the release of any Hazardous Substance on the Property,

C. Assignor will Immediately notify Lender If ( 1) o release or threatened release of Hazardous Substance occurs on, under or about the Property or migrates or threatens to migrate from nearby property; or (21 there is a violation of any Environmental Law concerning tho Property. In such an event, Assignor will take ell necessary remedial action in accordance with Environmental Law.

0. Except as prevtously disclosed and acknowledged in writing to Lender, Assignor hes no knowledge of or reason to believe there Is any pending or threatened investigation, claim, or proceeding of any kind relating to 111 any Hazardous Substance located on, under or about the Property; or (2) any violation by Assignor or any tenant of any Environmental Lew, Assignor will lmmedlately notify Lender in writing as soon as Assignor has reason to believe there is any such pending or threatened investigation, claim, or proceeding. In such an event, Landor has the right, but not tho obligation, to participate in any such proceeding including the right to receive copies of any documents relating to such proceedings.

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~ ®2001 Bank .... Sya, ... n •• IM .• =-it, Gloud, MN form ASMT·HENT•WI 2/27/2002

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E. Except as previously disclosed and acknowledged in writing to Lender, Assignor and every tenant have been, are and will remain in full compliance with any applicable Environmental Law.

F. Except as previously disclosed end acknowledged in writing to Lender, there are no underground storage tanks, private dumps or open wells located on or under the Property and no such tank, dump or well will be added unless Lender first consents In writing.

G. Assignor will regularly inspect the Prnperty, monitor the activities and operations on the Property, and confirm that all permits, licenses or approvals required by any applicable Environmental Lew are obtained and complied with.

H. Assignor will permit, or cause any tenant to permit, Lender or Lender's agent to enter and inspect the Property and review all records at any reasonable time to determine ( 1) the existence, location and nature of any Hazardous Substance on, under or ebout the Property; (2) the existence, location, nature, and magnitude of any Hazardous Substance that has been released on, under or about the Property; or {3) whether or not Assignor and any tenant are In compliance with applicable Environmental Law.

I. Upon Lender's request and at any time, Assignor agrees, at Assignor's e,cpense, to engage a qualified environmental engineer to prepare an environmental audit of the Property and to submit the results of such audit to Lender. The choice of the environmental engineer who will perform such audit is subject to Lender's approval.

J. Lender has the right, but not the obligation, to perform any of Assignor's obligations under this section at Assignor's expense.

K. As a consequence of any breach of any representation, warranty or promise made in this section, {1) Assignor will indemnify and hold Lender and Lender's successors or assigns harmless from and against all losses, claims, demands, liabilities, damages, cleanup, response and remediation costs, penalties and expenses to the extent permitted by law, including without !Imitation all costs of litigation and attorneys' fees, which Lender and Lander's successors or assigns may sustain; and (2) at Lender's discretion, Lender may release this Assignment and in return Assignor will provide Lender with collateral of at least equal value to the Property secured by this Assignment without prejudice to any of Lender's rights under this Assignment.

L. Notwithstanding any of the language contained in this Assignment to the contrary, the terms of this section wlll survive any foreclosure or satisfaction of this Assignment regardless of any passage of tllle to Lender or any disposition by Lender of any or all of the Property. Any claims and defenses to the contrary are hereby waived.

16, TERM, This Assignment will remain in full force and effect until the Secured Debts are paid or 01herwise discharged and Lender is no longer obligated to advance funds under any loan or- credit agreement which is a part of the Secured Debts. If any or all payments of the Secured Debts are subsequently invalidated, declared void or voidable, or set aside and are required to be repaid to a trustee, custodian, receiver or any other party under any bankruptcy act or other state or federal law, then the Secured Debts will be revived and will continue in full force and effect as if this payment had not been made.

16. CO-SIGNERS. If Assignor signs this Assignment but does not sign the Secured Debts, Assignor does so only to assign Assignor's in1erest in the Property to secure payment of the Secured Debts and Assignor does not agree to be personally liable on the Secured Debts. If this Assignment secures a guaranty between Lender and Assignor, Assignor agrees 10 waive any rights that may prevent Lender from bringing any action or claim against Assignor or any party indebted under the obligation. These rights may include, but are not limited to, any anti-deficiency or one-action laws.

17. WAIVERS. Except to the extent prohibited by law, Assignor waives all appraisement and homestead exemption rights relating to the Property.

18. OTHER TERMS, If checked, the following are applicable to this Assignment:

D Line of Credit. The Secured Debts include a revolving line of credit provision. Although the Secured Debts may be reduced to a zero balance, this Assignment will remain in effect until Lender has terminated alt commitments for future advances.

D Addltlonal Terms.

(pss,& 6 of BJ

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19. APPLICABLE LAW. This Assignment is governed by the lews of Wisconsin, except to the extent otherwise required by the laws of the jurisdiction where the Property Is located, and the Unitod States of America.

20 • .JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. Each Assignor's obligations under this Assignment are independent of the obligations of any other Assignor, Lender may sue each Assignor individually or together with any other Assignor. Lender may release any part of the Property and Assignor will still be obligated under this Assignment for the remaining Property. The duties and benefits of this Assignment will bind and benefit the successors and assigns of Lender and Assignor.

21. AMENDMENT. INTEGRATION AND SEVERABILITV. This Assignment may not be amended or modified by oral agreement. No amendment or modification of this Assignment is effective unless made in writing and executed by Assignor and Lender. This Assignment is the complete and final expression of the agreement. If any provision of this Assignment is unenforceable, then the unenforceable provision will be severed and the remaining provisions will still be enforceable.

22. INTERPRETATION. Whenever used, the singular includes the plural and the plural includes the singular. The section headings are for convenience only and are not to be used to interpret or define the terms of this Assignment,

23. NOTICE. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Unless otherwise required by law, any notice will be given by delivering it or mailing it by first class mail and by registered or certified mail, return receipt requested, to the appropriate party's address listed In the DATE AND PARTIES section, or to any other address designated in writing. Notice to one party will be deemed to be notice to all parties. Assignor will inform Lender in writing of any change in Assignor's name, address or other application information. Assignor will provide Lender any financial statements or information Lender requests. All financial statements and information Assignor gives Lender will be correct and complete. Assignor agrees to sign, deliver, and file any additional documents or certifications that Lender may consider necessary to perfect, continue, and preserve Assignor's obligations under this Assignment and to confirm Lender's lien status on any Property. Time is of the essence,

24. FOR WISCONSIN RESIDENTS ONLY: The Secured Debts are incurred in the interest of the Assignor's marriage or family.

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25. SIONAT~E'S~ By signing under seal, Assignor agrees to the terms and covenants contained in this Assignment~ ·Assignor also acknowledges receipt of a copy of this Assignment.

~ Ei:12001 &Ink"'• SV••em•, Inc., $1. Cloud, MN Form ASMT·fllcNT·WI 2/27/2002 (pBJ19 1 of BJ

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ACKNOWLEDGMENT:

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STATE OF _____________ , COUNTY OF _______________ } ss.

This instrument was acknowledged before me this ____ day of by ___________________________________ _

My commission expires:

(Notary Public!

ST ATE OF WISCONSIN , COUNTY OF aM,,IL,:,W,,A,,Uc,K,sEEs_ ___________ } ss. This instrument was acknowledged before me this 23RD day of ,n~E~C~EaMllB~E~Ru2yOOy3,_ ________ _ by LORRAINE CARTER EXECUTIVE QIRECIOA

. _____________________________________________ !Titlels)I

LAURA PINSON

(Nallle of Business or Entity)

on behalf

iNotary Public)

{page 8 of BJ

~ M2001 0..nk"'& Hy5lams. Inc., 81, Cloud, MN Form ASMT-RfNT-WI 2127/2UOZ

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----------··-·--LOTS 1 THROUGH 22, INCLUSIVE, IN BLOCK 1 IN LYNDE'S ADDITION IN THE SOUTH WEST 1/4 OF SECTION 19, TOWNSHIP 7 NORTH, RANGE 22 NORTH 20TH STREET AND NORTH 21ST STREET, IN THE CITY OF MILWAUKEE, COUNTY OF MILWAUKEE AND STATE OF WISCONSIN. FOR INFO PURPOSES, 2001 W VLIET STREET

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J\ FFIDA VIT 01' COltltECTION

REGISTER'S OFFICE I SS Nilwaukl!ff County, WII

Pocumtfll Numhf, RECORDED AT 02139PN

AFFIANT, V E CARTER DEVELOPMENT GROUP

hc:rc:1!)'. 1we1rs or afCirrri, Uaal I cenah1 docunn:111 which w111 lilied as follow,: ASSIGNMENT OF LEASES & RENT8Y1•e or documen1), recorded

nn rhe 13TH t11y nf JANUARY ,.2.llQ4_ (y..,) in Vnhune/Recl 5759 Pagellm•g• _ _.2,.,.5u7c.,9,_ __ _ 11 Document Humbc,1 8/16373 which wa1 recorded

In MILWAUKEE Cuu111y, Slolo of Wl,coruln, oonl1in<d 1J.e followi,,ii error (if more ,pace Is needed, please attach 1ddend11n1):

INCOMPLETE LEGAL DESCRIPTION Rccerdin& Asf.•

09/21/2004

JOHN LAFAVE REGISTER OF DEEDS

ANOUNT 15,88

Name: 11M Jletum Addrc11 NORTH MILWAUKEE STATE BANK 9049 N 76TH ST MILWAUKEE WI 53223

~fflANT maim tbla AfRJavit for tho pu,poH of eomcllng rho obov• document 364-1201-111- 7 _•! f!'~o"'.,I (lrmoro space Is needed. plcuc 1t111;;h 1ddcmdum): P-..... , J.t ..... :r. ... ,,"" N ......... , tPIN\

I • •

LOTS 1 THROUGH 22, INCLUSIVE IN BLOCK 1 IN LYNDE'S ADDITION IN THE SOUTHWEST 1/4 OF SECTION 19, TOWNSHIP 7 NORTH, RANGE 11 EAST, AND THE NORTH 1/2 OF THE VACATED WEST MCKINLEY AVENUE BETWEEN NORTH 20TH.STREET AND NORTH 21ST STREET, IN THE CITY OF MILWAUKEE, COUNTY OF MILWAUKEE STATE OF WISCONSIN.

FOR INFORMATION PURPOSE: 2001 W VILET STREET

Coun1y ur MILWAUKEE

) )ss. )

Subs(;,Jl,~d and awom 10 (01 •ffinncd) baforo m• tM• 7TH ayor ·, 2004

· Nnra,y l'ublle, Si.lo a( Wi,co.,ln My co,runiuion (expires) (is): -.Qi¾_q4,lll,,;l..----

· APPIANT la tho (chock one ~ Drafter ofthe document being correcrod. 0 Owner of the rror•rty d11erlbed inn,, dooumenl btina

corrcclcd. 0 Olher (explain: ___________ _

TIJIS INSTRUMllNT WAS lll.AFT6D DY: TERESA DARLEY

TntS l'OAAI IS INTBNbED TO COMl.l!CT SCRll'NBll'S EHOR,f AND NOT l'OR TIii, CONl'EYANCH OF RliAL l"IIOl"f!l<TY.

"· • Jr,1,,,..., ttf r,1Hn111 1l,ni111 f11 1nv c1p,cllr mv,r be IY&lfd ar prlnlld lie low lhcl1 lt,1n11wc. IOO,O,O••Oll

Doc Yr: 2004 Doc#08869462 Page#l of 3

LOTS 1 THROUGH 226

INCLUSIVE, IN BLOCK 1 IN LYNDE'S ADDITION IN THE SOUTH WEST 1/4 OF SECTI N 19, TOWNSHIP 7 NORTH, RANGE 22 NORTH 20TH STREET AND NORTH 21ST STREET, IN THE CITY OF MILWAUKEE, COUNTY OF MILWAUKEE AND STATE OF WISCONSIN. FOR INFO PURPOSES: 2001 W VLIET STREET

,.·

Doc Yr: 2004 Doc#08869462 Page#2 of 3

UI -.J CJ1 C)

N CJ1 -.J \0

When recorded return to cnama. add,assJ: NORTH MILWAUKEE STATE BANK 9049 NO. 76TH ST. MILWAUKEE, WI 53223

Parcel Number; 364·1201-111·7

ASSIGNMENT OF LEASES AND RENTS (With Future Advance Clause)

D This Assignment of Leflses and Rents which seoures an obligation incuned for lhd uo11.suuc1ion of an improvement on the Property, which may include the Property's acquisition cost. This obligi:ltion provides for future advances made for the completion of the contemplated improvement on the assigned Property.

DOC.# 9716373

REGISTER'S OFFICE I SS Nilvaukee County,WII

RECORDED AT 1:50 PN 01-13-2004

JOHN LAFAVE REGISTER OF DEEDS

AIIOUNT 27,00

--- State of Wisconsin ----------- Space Aboua This Line For Recording Data ----

1. DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is 12·23·2003 . The parties and their addresses are:

ASSIGNOR: V.E. CARTER DEVELOPEMENT GROUP 2001 W. VLIET ST. MILWAUKEE, WI 53205

D Refer to the Addendum that is anached and incorporated herein for additional Assignors. LENDER: NORTH MILWAUKEE STATE BANK

5830 W FOND OU LAC AVENUE MILWAUKEE, WI 53218

2. ASSIGNMENT OF LEASES AND RENTS. For good and valuitbla consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debts and Assignor's performance under this Assignment, Assignor irrevocably assigns, grants, bargains, convoys and mortgages to Lender as additional security all the right, title and interest in the following (all reforred to as Prop1rty).

A. Existino or future leases, subleases, licenses, guaranties and any other written or verbal agreements for the use and occupancy of the Proparty, including any extensions, renewals, modifications or replacements (all referred 10 as Leases}.

B. Rents, issues and profits (all referred to as Rents), including but not limited to security deposits, minimum rent, percentage rent, additional rent, common area maintenance charges, parking charges, real estate taxes, other applicable taxes, insurance premium contributions, liquidated damages following default, cancellation premiums, "loss of rents• insurance, guest receipts, revenues, royalties, proceeds, bonuses, accounts, contract rights, general intangibles, and alt rights and claims which Assignor may have lhat in any way pertain to or arc on account of the use or occupancy of the whoh, or any part of the Property.

C. Tho torm Property as used in this Assignment shall include the following described real property:

WISCONSIN ASSIGNMENT OF LEASES AND RENTS INOT FOR FNMA, FHLMC, OR VA USE AND NOT FOR CONSUMER PURPOSES) fpagB f of 8/

Doc Yr: 2004 Doc#08869462 Page#3 of 3

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llf®t~;I lliMt¾iiU~it'6G UliMt.a~I 111~11 1~11 ~llljllljll~IIIIJlll!llll!llll llll!l ll[IIII 02004 W1seoru11n Banket&Assoetaton I 019tnbu!ad b FIPCO®

DOCUMENT NO DOC.# 09358139 REAL ESTATE MORTGAGE

(Use For Consumer or Bua1ness Transactions)

REGISTER'S OFFICE' Milwaukee County,

I ss WII

V E carter DevelaPOJent Group Inc 2008 Reyoc.abte Tmst of L orrotae P Carter end Michael Carter la sinafe Person) ("Mortgagor",

whether one or more) mortgages, conveys, assigns, grants a secunty interest m and warrants to North Milwaukee State Bank

RECORDED 12/22/2006 11·54AM

JOHN LAFAVE rLender")

m consideration of the sum ofc_ _____ =-----------------Two Hundred Twenty Five Thousand and 00/00 _________________________________ Dollars ($ 225 000 00 ), loaned or to be loaned to ____________ _ v E Certer Development Group Inc _____________________ ("Borrower," whether one or more) by Lender, evrdenced by Borrower's note(s) or agreement(s) dated, _______ _

REGISTER OF OEEOS

AMOUNT:

Recordm Area Name and Return Address Hanson & Payne, LLC 1841 N ProspectAve Milwaukee, W1sconsm 53202

15.00

Noyember 24 2008 . the real estate described below, together with all pnv1leges, hered1taments, easements and appurtenances, all rents, leases, issues and profits. a11 claims, awards and payments made as a result of the exercise of the nght of eminent domam, and all extstmg and future improvements and fixtures (all called the "Property") to secure the Obhgattons descnbed m paragraph 5 on the reverse side, mclud1ng, but not l1m1ted to, repayment of the sum stated above plus certain other debts, obl1gat1ons and Jtab1ht1es ansmg out of past, present, and future credit granted by Lender SINCE THIS MORTGAGE SECURES ALL OBLIGATIONS DESCRIBED IN PARAGRAPH 5 ON THE REVERSE SIDE, IT IS ACKNOWLEDGED AND AGREED THAT THIS MORTGA'GE MAY SECURE OBLIGATIONS FROM TIME TO TIME IN A DOLLAR AMOUNT GREATER THAN THE DOLLAR AMOUNT STATED ABOVE

401-0901-112-8 271-2443-000-9 188·0034-100-8 009-0149-000-0

Parcel Identifier Numbers

D If checked here, and not in hm1tat1on of paragraph 5 on the reverse side, this Mortgage 1s also given to secure all sums advanced and readvanced to Borrower by Lender from time to time under the revolvmg credit agreement between Borrower and Lender descr1bed above

1 Oescr1pt1on of Property (This Property IS not the homestead of Mortgagor) {la) (1a nol)

See attached legal descnpt1on

181 If checked here, descnpbon continues or appears on attached sheet{s) D If checked here, this Mortgage 1s a construction mortgage D If checked here, Condom1rnum Rider 1s attached 2 Title Mortgagor warrants title to the Property, exceptmg only restnct1ons and easements of record, murnc1pal and zonmg ordinances,

current taxes and assessments not yet due and.mu,llJiot'..c.,,O<toJIMIL__: ________________ _:_ __ _: _____ __::...._ ____ _

3 Escrow Interest wttl be paid on escrowed funds 1f an escrow 1s required under paragraph B(a) on the reverse stde (WIii) (WIii nol)

4 Add1trona1 Prov1a1ons Mortgagor agrees to the Add1t1onal Prov,s,ona on the reverae aide, which are incorporated m this Mortgage The undersigned acknowledges recerpt of an exact copy of this Mortgage

NOTICE TO CUSTOMER IN A TRANSACTION GOVERNED BY THE WISCONSIN CONSUMER ACT (a) DO NOT SIGN THIS BEFORE YOU READ THE WRITING ON THE REVERSE SIDE, EVEN IF OTHERWISE ADVISED (b) DO NOT SIGN THIS IF IT CONTAINS ANY BLANK SPACES (c) YOU ARE ENTITLED TO AN EXACT COPY OF ANY AGREEMENT YOU SIGN (d) YOU HAVE THE RIGHT AT ANY TIME TO PAY IN ADVANCE THE UNPAID BALANCE DUE UNDER THIS AGREEMENT AND YOU MAY BE ENTITLED TO A PARTIAL REFUND OF THE FINANCE CHARGE

'- [) r, (D•••) A S1gned~.an ealed Nnwmber 24 2006

--~~~~...,.,,.:::!,~,>~!!'"''="""•-_./.IY,!,::'.:c..!,\,'...;.-4.a,.,dc.,!(;C.!1:;C _____ (SEAL)

VE Carter Development GrouR, lnc5

a W1scons1n corporatron ( w:,a ol rgamzabon)

arter b Lorrame P Ca stee

By Lorrame P Carter (SEAL) Pces,dent of V E Carter Develonroent Grm 1n Inc

(T1Ua) • Lorrame P Carter * Michael CertElr

_____________________ (SEAL)

(TlUa)

------- AUTHENTICATION ----------- OR ACKNOWLEDGEMENT·------

S1gnatur8s o,f ________________________ _

Lorraine P Carter and Michael Carter

. ,, authenticated th1s•24th day of November

Title Member State Bar of W1scons1n or n authonzed under § 706 06, W1s Stats

This instrument was drafted by BenJamm Payne Hanson & Payne, LLC

STATE OF WISCONSIN } SS

County of Milwaukee This instrument was acknowledged before me on Nov 24th, 2006 bY. Lorraine p Carter s1grnng 1n her capac1t1es as representatlve'of v E VE Carter Peveloameot Gmua and as trustee and Michael Carter

(N11m&(s) of p&ftlon(s))

as an tad1v1dua1 or a& renre&entattves m the canarnltA& set forth above (Type of authonty. e g . officer, truatee, etc , 1f any)

elo men

Notary Pubhc, W1scons1n, .. My Comm1sston {Expires) {Is) / - 3 -.;;;:i O I()

Doc Yr: 2006 Doc #09358139 Page# I of3

ADDITIONAL PROVISIONS

S Mortgage as Security This Mortgage secures prompt payment to Lender of (a) the sum stated m the first paragraph of this Mortgage on Iha reverse 51de, plus mterast and charges, according to the terms of the promissory note(s) or agreement{s) of Borrower to Lender 1denltfled on the reverse side, and any exlenmons. renewals or modlflcal.Jons of such promissory note(s) or agreement(s), plus (b) to the extant not proh1b1ted by the W1scons1n Consumer Act, ,f epplrcable, all other debts, obl!gatJons and habilttces ansmg out of credit previously granted, credit contemporaneously granted and credit granted m the fulura by Lender to any Mortgagor, to any Mortgagor and another or to another guaranteed or endorsed by any Mortgagor, plus all interest and charges, plus (c) to the extent not proh1b1ted by the W1scons1n Consumer Act or Chapter 428, W1sconsm Statutes, 1r apphcable, an costs and expenses of collect10n or enforcement (all called tha "Obligations·) This Mortgage also secures the performance of all covenants, cond1bons and agreements contained in this Mortgage Unless otherwise required by law, Lender will satisfy this Mortgage upon request by Mortgagor 1f (a) the Obhgat1ons have been paid according to their terms, (b) any commitment to make future advances secured by this Mortgage has terminated, (c) Lender has terminated any line of credit under which advances are to be secured by this Mortgage, and (d) all other payments required under this Mortgage and the Obl1gabons and all other terms, cond1t1ons, covenants, and agreements contained m this Mortgage and the documents evidencing the Obl1gat1ons have been paid and performed

6 Taxee To the extent not paid to Lender under paragraph B(a), Mortgagor shall pay before they become delinquent aH taxes, assessments and other charges which may be levred or assessed aga111st the Property, against Lender upon this Mortgage or the Obligations or other debt secured by this Mortgage, or upon Lender's interest m the Property, and deliver to Lendt!lr receipts showing timely payment

7 Insurance Mortgagor shall keep the improvements on the Property insured against direct loss or damage occasioned by fire, flood, extended coverage penis and such other hazards as Lender may requ1te, through insurers reasonably satisfactory to Lender, m amoun!s, without co-insurance, not less than the unpaid balance of the Obl1ga1Jons or the full replacement value, whichever 1s less. and shall pay the premiums when due The polrc1es shall contain tha standard mortgagee and lender loss payee clauses in favor of Lender, shall insure Lender notwithstanding any defenses of the insurer against Mortgagor and, unless Lender otherw,se agrees m wnt1ng, the original of all pohc1es covenng the Property shall be deposited with Lender SubJect to Lender's sat1sfact1on, Mortgagor 1s free to select the msurance agent or insurer through which insurance 1s obtained Mortgagor shall prompUy give nobce of loss to insurance companies and Lender AU proceeds from such insurance shall be applied, at Lender's option, to the installments of the Obl1gat1ons in the inverse order of their matunttes (without penalty for prepayment) or to the restoration of the improvements on the Property In the event of foreclosure of this Mortgage or other transfer of t1Ua to the Property, rn extmgu1shment of the indebtedness =::iecured hereby, ell nghl, t1Ue, and mterest of Mortgagor m and to any msurance then 1n force shall pass to the purchaser or grantee If Mortgagor fails to keep any required msurance on the Property, Lender may purchase such msurance for Mortgagor, such msurance may be acqurred by Lender solely to protect the interest of Lender (It will not cover Mortgagor's equity m the Property) and Mortgagor's obhget1on to repay Lender shell be 111 aocordance with Section 10

8 Mortgagor's Covenants Mortgagor covenants (a) Escrow If an escrow 1s required by Lender, to pay Lender sufficient funds, at euch limes as Lender designates, to pay when due (1) the estimated annual real estate taxes

and assessments on the Property, (2) all property end hazard insurance premiums, (3) flood insurance premiums, 1f any, (4) 1f payments owed under the Obhgabons are guaranteed by mortgag~ guaranty msutanc,A, the premiums necessary to pay fQ!§IJC}'IJnsurance, and,{5) o.ttier11ti;ims_§grq~d t9.~1inc1u9e4.1p-U,e_escrov,iJ.,.ender may, at any time, collect and hold such escrow funds man amoun, not to ex<.eed the maximum amount a lender for a federally relafed mortQaga IOarimay require for MoHgagor's escrow account under the federal Real Estate Settlement Procedures Act of 1974, as amitnded from time to time, 1f·apphceble Lender may estimate the amount of escrow funds due on the basis of current data and reasonable estimates of future expenditures of future escrow account funds or as otherwise required by appllceble law Lender shall apply the escrowed funds agEunsl taxes, assessments and insurance premiums when due or as otherwise required by law Escrowed funds may be commingled with Lender's general funds If the escrowed funds held by Lendar exceed the amount pemutted to be held by applrcable law, Lender shall account to Mortgagor for the excess escrowed funds 1n a manner determined by Lender or as otherwise required t;Jy applicable raw If the escrowed funds held by Lender at any time are not sufflcrenl to pay the escrow account items when due, Lender may notify Mortgagor m writing, and Mortgagor shall pay to Lender the amount necessary to make up the deficiency m a manner detemuned by Lender or as otherwise required by apphcable law,

(b) Condition and Repair To keep the Property in good and tenantable cond1t1on and repair, and to restore or replace damaged or destroyed improvements and fixtures, (e) Lt ens To keep the Property free from hens and encumbrances supenor to the hen of this Mortgage and not descnbed in paragraph 2 on the reverse side, (d) Other Mortgages To perform all of Mortgagor's obl1gahons and duties undar any other mortgage or sacunty agreement on th• Property and any obligation to pay secured by

such a mortgage or security agreement, (e) Waate Not to commit waste or perrmt waste to be committed upon the Property, (f) Conveyance Not to sell, assign, tease, mortgage, convey or otherwise transfer any legal or equitable interest 1n all or part of the Property, or permit the same to occur Without

the pnor wntten consent of Lender and, without notice to Mortgagor, Lender may deal with any transferee as to its interest in Iha same manner as with Mortgagor, without in any way d1scharg1ng the 1tab1llty of Mortgagor under this Mortgage or the Obhgallons,

(g) Alteration or Removal Not to remove, demolish or matenally alter any part of Iha Property, without Lender's prior wntten consent, except Mortgagor may remove a fixture, provrded the fixture 1s promptly replaced with another fixture of at least equal ul1hty,

(h) Condemnation To pay to Lender all compensation received for the tekmg of the Property or any pert, by condemnation proceeding (1ncludmg payments m compromise of condemnation proceedings), and all compensation received as damages for m1ury lo the Property, or any part The compensation shall be apphed 1n such manner as Lender determines lo rebu1ld1ng of the Properly or lo the Obllgetrons 1n the mverse order of th air metuflbes (without penalty for prepayment),

(1) lnspactcon Lender and its authonzed representatives mey enter the Property at reasonable times to inspect 1t, and al Lender's optron to repair or restore the Property and to conduct environmental assessments and audits of the Property,

(J) Laws To comply with ell laws, ordinanc:es and regulatrons affecting the Property, and (k) Subrogation Thal Lender 1s subrogated to the lien of any mortgage or other hen discharged, 1n whole or m part, by the proceeds of the note{s) or agreement(s) 1dentrfled on

the reverse side 9 Environmental Laws Mortgagor represents, warrants and covenants to Lender (a) that dunng the period of Mortgagor's ownership or use of the Property no substance has

been, 1s or WIii be present, used, stored, deposited, treated, recycled or disposed of on, under, ,nor about the Property ma form, quantity or manner which 1f known to be present on, uhder, m or about the Property would require clean-up, removal or sorNt other remedial act,on ('Haurdous Substance') under any faderal, state or local lawe,.reguletrons, ordinances. codes or rules ("E:nvrronmental Laws"), (b) that Mortgagor has no knowlsdge, after due mqu1ry, of any pnor use or existence of any Hazardous Substance on the Property by any pnor owner of or person using the Property, (c) that, without l1m1ting the generality of the foregoing, Mortgagor has no knowledge, after due mqu1ry, that the Property contams asbestos. polychtormated biphenyl components (PCB11) or underground storage tanks, (d) that there are no cond11tons eK1stin9 currently or hkely to eK1st during the term of this Mortgage which would subJact Mortgagor to any damages, penallles, m1unct1ve relief or clean-up costs m any govemmenta1 or regulatory action or third-party claims rela!Jng to any Hazardous Substance, (e) that Mortgagor 1s not subJeCt to any court or adm1n1strativa proceeding, Judgment, decree, order or c1tat1on ta1almg to any Hazardous Substance, and (f) that Mortgagor m the past has been, SI the present 1s, and 1n the future will reme.m m compliance with oll Environmenlel Lews Mortgagor shall mdemmfy and hold harmless Lender, its directors, officers, employees and agents from all loss, cost {mclud1ng reasomable attorneys' fees and legal eK1)11nSes), /1ab1llty and damage whatsoever directly or indirectly resullmg from, ar1s1ng out of, or based upon (1) the presence, use, storage, deposit, treatment, recyctrng or disposal, at any time, of any Hazardous Substance on, under, m or about the Property, or Iha transportation of eny Hez:ardoua Substance to or from the Property, (11) the v1olallon or alleged violation of any Environmental Law, permit Judgment or license relatmg to the presence, use, storage, deposit. treatment, recyclmg or disposal of any Hazardous Substance on, under, 1n or about the Property, or the transporta!Jon of any Hazardous Substance to or from the Property, or (111) the 1mp0s1tion of any governmenlal lien for the recovery of environmental clean-up costs expended under eny Environmental Lew Mortgagor shall 1mmad1ately notify Lander m wnting of any governmental or regulatory actron or third-party claim insbluted or threatened 1n connecbon with any Hazerdoua Substance on, 1n, under or about the Property

10 Authority of Lender to Perform for Mortgagor If Mortgagor fails lo perform any of Mortgagor's duties set forth in ttus Mortgage with respect to preserv1ng or msunng the Property, Lender may after g1v111g Mortgagor any notice and opportumty to perform which are required by lew, perform the covenants or duties or cause them to be performed, 1nclud1ng w1thou1 llm1tat1on s1gnmg Mortgagor's name or paymg any amoun1 so required, and the cost shall be due on demand and secured by this Mortgage, beenng interest at the h1ghes1 rate slated 1n any document ev1dencmg an Obllgallon, but not in excess of the maximum rate permitted by law, from the date of expenditure by Lender to the date of payment by Mortgagor

11 Default, Acceleret,on, Remedies If (a) there 1s a default lJnder any Obl1gatron secured by this Mortgage, or (b) Mortgagor fails timely to observe or perform any of Mortgagor's covenants or duties contained rn this Mortgage, then, at the option of Lender each Obhgst1on will become 1mmad1ately due and payable unless notrce to Mortgagor or Borrower and an opportunity to cure are required by§ 425 105, Wis Stats, rf applicabla, or the document ev1dencm9 the Obllgallon and, 1n that event, the Obl19et1on will become due end payable 1f the default 1s not cured as provided m that statute or the document evidencing the Obl1ga11on or as otherwise provided by law If Lender exercises 11s optron to accelerate, the unpaid prmc1pal and mterest owed on the Obllgation, together with all sums paid by Lander as authonzed or required under this Mortgage or any Obllgat1on, shell be collectible 1n a suit at law or by foreclosure of this Mortgago by action, or bolh, or by the exercise of any t>ther remedy available at law or equity

12 Waiver Lender may waive any default Without waiving any other subsequent or prior default by Mortgagor 13 Power of Sale In the event of foreclosure, Lender may sell the Property at public sale end execute and deliver to the purchasers deeds of conveyance pursuant to statute 14 A11111gnment of Rents and Leases Mortgagor assigns and trunsfers to Lender, as add1t1onat security for the Obhgatlons, all rants which become or remain due or are paid

under any agreement or lease for the use or occupancy of any part or J11Lof the Property JJntj. the occurrence of an event of default under !,his Mortgage or any Obl1gsbon, Mortgagor has the nghl to collect the rents, issues and profits from the Property, but upon thi occur'fence Or suCfi im 'evenror default, a"h<I the g1vinti af-nd'llce·b'y'Lent:ler to MOrtg'agor declarmg that constructive possession of the Property 1s m Lender, Mortgagor's tu;:ense to collect 1s terminated and Lender shall be entitled to such rents, issues and profits and may, after g1vmg Mortgagor any notice and opportunity to perform required by law, notify any or all tenants to pay all such rents d1recUy to Lender All such payments shall be applied m such manner as Lender determines to payments required under this Mortgage and the Obtrgat1ons This assignment shall be enforceable and Lender shall be enlltled to take any ac!Jon to enforce the assignment (includmg nollce to the tenants to pay directly to Lender or the commencement of e foreclosure action) without seeking or obta1n1ng the appointment of a receiver or possession of the Property

15 Receiver Upon the commencement or durmg the pendency of an action to foreclose this Mortgage, or enforce any other remedres of Lender under 11, without regard to the adequacy or madaquacy of the Property as security for the Obhgations, Mortgagor agrees that the court may appomt e receiver of the Property (1nclud1ng homestead interest) w1thou1 bond, and may empower the receiver to take possession of the Property and collect the rents, issues and profits of the Property, and exercise all other powers of a Chapter 128 receiver and such other powers es the court may grant unlll the confirmation of sale, and may order the rents, issues and profits, and sale proceeds when so collected, to be held and applied as the court may direct

16 Foreclosure Without Deficiency Judgment If the Property ts a one-lo-four fam11y residence that 1a owner-occupied at the commencement of a foreclosure, a farm, a church or owned by a teK exempt chentable orgamzat1on, Mortgagor agrees to the prov1s1ons of §846101 Wis Stats, and as the same may be amended or renumbered from lime to time, perm1ttrng Lender, upon wa1vrng the nght to Judgment for deficiency, to hold the foreclosure sale of real estate of 20 acres or less s,x months after a foreclosure Judgment ,s entered If the Property 1s other than a one-to-four family residence that 1s owner-occupred at the commencement of a foreclosure, a farm, a church or owned by a tax &)(empt chantabla orgamzabon, Mortgagor agrees to the prov1s1ons of §846 103, Wis Slats, and as the same may be amended or renumbered from lime to time, perm1ttmg Lender, upon wa1vmg the right to Judgment for deficiency, to hold the foreclosure sale of real es late three months after a fcreclosure Judgment ts entered

17 Expenses To the extent not proh1b1ted by the W1scons1n Consumer Act or Chapter 428, Wisconsin Statutes, 1f applicable, Mortgagor shall pay all reasonable costs and expenses before and after 1udgrnent, mcluding without l1m1tat10n, attorneys' fees, fees and expenses for env1ronmenta1 assessments, 1nspectrons and audits, anf! fees and expenses for obtaining lllle evidence incurred by Lender 1n protecting or enforcmg its nghls under this Mortgage

18 Successors and Assigns The obligations of ell Mortgagors are Jomt and several This Mortgage benefits Lender, its successors and assigns, and binds Mortgagor(s) and their respective heirs personal representatives, suocessors and assigns ,

19 Interpretation The val1d1ty, construction and enforcement of this Mortgage are governed by the internal laws or W1sconsrn 8)(Cept to the extenl such laws are preempted by federal law All references 1n this Mortgage to sections of the Wisconsin Statutes are to those sections es they may be renumbered from lime to time tnvalld1ty of any prov1s1on of this Mortgage will not affect the val1d1ty of any other prov1s1on This Mortgage 1s rntended by Mortgagor and Lender as a final expressron of this Mortgage and as a complete and exclusive statement of its terms, there being no conditions to the enforceab1l1ty of this Mortgage This Mt>rtgage may not be supplemented or modified except m wntmg

Doc Yr: 2006 Doc #09358139 Page# 2 of3

EXHIBIT A LEGAL DESCRIPTIONS CONTINUED

' . Parcel A: tots Sight (8), N1ae (9), Ten (10) pnd El.,,on (11) •~ Block Two (2) •n Rll·SDl1DIVI$l0N OF t.OTS FOUR (4), FXVII (5)', SlX (6) llNll s= (7), BLOCK TIIO (il AIIO LOTS FOVl! (I), FIVB ($), SIX (6") ANO SlM!N (7), BLOCK 'l1IREi (l) lN PALMER Alm CO'S AJ)DITION l.n the Sauelleast one-quarter (3./4) of hotion T"'anty-Uve (25L1 'Towahip Seven (71 North, R"'l!t Twenty•on. (21) Ba•t, in the City ot M,lwaulcee, County of MilwaukAe, State of Wisconain.

2801 West Wleconsin Avenue rax Key No. t01-09ul•l12•8

Paa;cel B; "rh• Nart:h Tldrcy-t,.. (32) oE I.ot .seventeen (17) in Blocl< Two (2) ~ SOMMIT PlWC IIOMJISl'fi!S in the Nortbeut. Omi-quartor (1/41 of Section seven (7), in Town•bip seven (71 North,

" • . ·, Range TWenty-two •(2?,l• ·lest, •in tbe Oity Of- Milwaukee, county o! Milwaukee, Stat• of ~ " t ,, ' ... ' r Nuconsltt, bounded and describoil a& followa, to-wit C:Ollll!ICncing at the llorth .... st cor111r

of aaic!. LOI: 17, runnin!J thenc• South along tl,e West line of aaid iot, 32 feet to a point, thence Bast cm a l1D11 'qd parallel to the lrort:b lina of said Lot 17. ,,.so•teet to the 1ntersecti0n with the Easterly line of said tot, thence Norche,sterly al""IJ the Baoterly lille ar said ~ot, Jl,P2 fee~ to the N'oxtheaa~erlr eorn~r of oud Lot, sa!d point h01ng in l:he southwaatarly line or a public allay1 thence Nort:hweoterly Alon; the Nortl,oaetorly l2ne of aaid Lat, l>eing also alo"!I said •lley 1111e e.ss feet t:o • point in !:lie South line of a public alley .,,,S being alao tha No:,;t:h line of 1a1d Lot, .:hence Heat &l""!J the Norc.h liM of said ~ot, 7C.78 feet to the Northwest cc,rner of aaid Lot, being tbt po1.11t of commencemezit ,

3848 North tstb Street Tax xey Ho. 2?1-2•43·000-9

Hrcel c. LOts on, (1) thXU nienty-two (22), in Bloch one Cl) in LYNPB'S A!'1)I~10N, in the soui:hw••t Ono-quart•'-" (1/f) of Sect>OI!. llinBtaen (191, 1n TOwnship Seve" (7) Roreb, Range 1'Wenty-two (22) Bast, in the ctey of Milwaukee, county of Milwa\lkee, state of Wiacon,in.

~001 West Vliet street .'@!C~.Key_J!.0, 3'4~1~0',•_11}.~7. ,_, _

Parcel o,

<,' M - ·~ ...

Leta Thlrty•one (311 and ThiRY•tWO (32) in ASSBSSIIEIIT SUEDIVIS10R RO. 1, belnf a Re-subdivision of a part ot LOte 'Jhree (3), tour (tl, li'iva (5l a!ld six (6l 111 PQ!Oaman'a S1Jlldivi1ion of the Nonhe••t O,,e-quorter (1/~) of Section 'l'wellty-f1ve 1251, ll1 T<Nll8hip s1vo11. (7) lro~tll, IIAnge Twenty-ana (21) .Eut, !.11 Clle C:l.ty of Milwaukee, Cou11t:y of Milwaultae, Sto.t:• ·o_: w,,conain.

3~39 Neat lCUhoum Avenue T&1< ic.y 110. 388•0034-100·8

Pa.reel Bt Lot Bltvon 111) in Block Six (5) in FAUY CIIISM MAIIOR, baing a 5Ul>d1v,a,on o( t\o S011t1111art one-quarter (1/•I and the Scutbll••t Ol>•-~~ter (l/4) ot the Nortavo1t Ono-quartei, (l./4) of Section Two (2), in Town1hip Bight (8) Korth", 11ans,1 TWonty-one (21) 13aat, alao the Northwe•t On•·quUter [1/tl And 1:11• 11ortb.eB11t One-quarter 11/'l ot tb• southwaoc Wlil•qu&rter rit•> of Section 'NO (21, in TOWnvhip E1ght (8) North, IWl!F Twcnty•01\e 121) Bast, also ehe Non:hwa1~ OM-qn~rr.ar (l/41 of the Southeaat Ona-quarter (1/4) o( section....., (2), in TQ,,uebip light (Bl North, Range Twe11ty-one (Zl) East, in the

.Village of B1<0W11 Deer. County of1 Nilwaul<ae, 8ta,;i> of HiacaWlin.' . '

S389 Heat Fairy Chasm Road Tax l(ey No. 009-0ltS-ooo-o

Doc Yr: 2006 Doc #093 5 813 9 Page # 3 of 3

' LIS PENDENS

OOOJmant Number DocumtntTltlt

1'4CV009199

HON. JOHN DIMOTTO, BR. 4l CIVIL F

Doc Yr: 2014 Doc# 10408591 Page# 1 of 4

1111~1 IIJII 1~11111111~1111111! 11111111 ~II

DOC.# 10408591 RECORDED 10/31/2014 01:56PH

JOHN LA FAVE

Record1-Are1

REGISTER OF DEEDS M1lwal.tee County, NII AMOUNT: 30.00 FEE EXEMPT#:

Name Ind Return Addtue

Bryan M, Becker Maw1cke & Go11man, 5 C 1609 North Prospect Avenue MIiwaukee, Wisconsin 53202

364-1201-111-7; 388-0034-100-8 and 271-2443-000-9

'

STATE OF WISCONSIN CIRCUIT COURT MILWAUKEE COUNTY

NORTH MILWAUKEE STATE BANK, 5630 West Fond du Lac Avenue, Mtlwaukee, WI 53216,

Plaintiff, Case No.

V Case Code 30301, 30404

VE CARTER DEVELOPMENT GROUP INC F/KJA VE CARTER CIIlLD DEVELOPMENT CORPORATION, ET AL,

Defendants

LISPENDENS

PLEASE TAKE NOTICE, pursuant to Wis Stat § 840 10, the Plaintiff, North

Milwaukee State Bank, has commenced an actton against the above named Defendants;


A Those certain Mortgages recorded on the following dates· a) February 23, 1995 as

Document No 7056195, and b) July 6, 2009, as Document No. 09760675, each filed against the

mterest of Defendant V E Carter Development Group Inc f/k/a VE Carter Clnld Development

Corporatton

B. That the actton affects the title to real estate described as follows, to wtt

PARCELi:

Lots 1 lhru 22, mdusive, m Block 1, 1n Lynde's Add11Jon m lhe Southwest 1/4 of Seebon 19, Township 7 NO!lh, Range 22 Eost. and lhe Nolth 1/2 of lhe vacated West McKinley Avenue between Norlh 20th Street and North 21st Street, n lhe City of M1lwoukee, Milwaukee County, W1sconsm


C Those certain Mortgages recorded on the followmg dates: a) July 14, 1997 as

Document No 7392749, filed against the mterest of Defendant Lorrame P. Carter, b) July 6,

Doc YI': 2014 Doc# 10408591 Page# 2 of 4

2009 as document number 09760677, filed against tbe interest of Defendant Lomune P Carter

2006 Revocable Trust, and c) November 4, 2010 as document number 09934999, filed agamst

tbe interest of Defendant Lorraine P Carter 2006 Revocable Trust

D That tbe action affects tbe title to real estate described as follows, to wit

PARCELil:

Lots 31 and 32, in Assessment SubdMSton No 1, being a re-subdMSton of a part of Lots 3, 4, 5 and 6, m Dousman's SubdMSton of the Northeast 1/4 of Section 25, 1n TownSh1p 7 North, Range 21 East. m the CJ!y of Milwaukee, Coun1y of M1Jwoukee, State of W1scons,n

Tox Key No 388-0034-100-6 Address 2939 W Kilbourn Avenue


09358139, filed against tbe interest of Defendant Lomune P Carter 2006 Revocable Trust

[Continued on following page.]

2

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F That the actmn affects the title to real estate described as follows, to wit.

PARCEL III:

The North 32 feet of Lot 17, Block 2 m Summn Park HomeSlle m the Northeast 1/4 of Sectton 7, m Town 7 North, Range 22 East, m the City of Milwaukee, County or Milwaukee, State of Wisconsin. bounded and descnbed as follows Commencing at lhe Northwest comer of said Lot 17, running thence South along Iha West lme of SOid Lot, 32 feet to a point, thence East on a hne and parallel to the Norlh line of said Lot 17, 66 50 feet to the mtersaellon With the Easterly line of said lot. thence Northeasterly along the Easterly bne of saKI Lot, 31 92 feet to the Norlheestedy comer of said lot, said pomt bemg m Southwesterly Ima or a Public alley; thence Northwestedy along the Northeasterly bne of said lot, being also along SOJd alley 11118, 8 55 feet to a point m the South line of a public alley and bemg also the North line of saKI lot. thence West along the Norlh hne or said lot. 74 78 feet to the Nodhwest comer or said lot, being the p01nt of commencement

Tox Key No 271-2443-000-9


Dated at Milwaukee, W1sconsm this li., day of October, 2014

MA WICKE & GOISMAN, S C

By Z:-t,ff P.O. ADDRESS: 1509N ProspectAve Mtlwaukee, WI 53202 (414) 224-0600-Telephone (414) 24-93S9- Facsimile bbecker@dmgr com - Ematl

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Bryan M Becker, SBN 1025404

3

IVhen recorded return to (name, address):

NORTH MILWAUKEE STATE BA~K 8200 W BROWN DEER RD STE 100 MILWAUKEE WI 53223

'ar<iel Number: 384-1201-111-7

MORTGAGE. :With Future Advance Clause)

J Construction Mortgage. This is a Construction· Mortgage· which secures an obligation .incurred for the-cohstructlon of an Improvement on the Property, which may Include the Property's &Qquisition cost, This obligation provides for future advances made for ttie completion of the contemplated improvBin&iifOri"'thB mortQBQaiJ"Pi'Operfy. · · ··-·--· .... -~· - ·· · ··· · · ·

DOC.#09760675 REGISTER'S OFFICE Milwaukee County, WI RECORDED 07/06/2009 03:20PM

JOHN LAFAVE REGISTER OF DEEDS AMOUNT: $25,00

FEE EXEMPT#: 0 ** The above recording information verifies that this document has been electronical:y recorded and returned to the auOmitter. **

----Stat& Of Wiaaoil.eln---------------<ipac• Above This Una For·atacardfng Datai------

1. DATE AND PARTIES. The date of this Mrirtgage (Security Instrument) Is _,O.,.B-.,,29-,.,2,,,009=-------------The petties end thslr addresses are:

MORTGAGOR: V. E. CARTl:R DEVELOPMENT INC. (N.K.A.) V.E. CARTER DEVELOPMENT GROUP INC. 2001 WVUETST

''f., MILWAUKEE. WI 63206

D If cheoked, refer to the attached Addendum Incorporated .herein, for additional Mortgagors, their _signatures end ackhowledgments.

LENDER: NORTH MILWAUKEE S!ATE BANK 8200 W BROWN DEER RD MILWAUKEE, WI 63223

2 •. i:oNVE'fAiiicl!!:· Fo, good ariii valuable cionsliieriition,' th~ tecelpf arid sUfllclenci/ of whlohle ecknowledgtid;a;;a·to secure the· · ·· ·,. Secured Debt ldefinsd below) end Mongagor's performance under this Security Instrument, Mortgagor grants, bergelns, conveys and mortgages to Lender the following desorlbed property:

LOTS 1 THRU 22, INCLUSIVE, IN BLOCK 1, IN LYNDE'S ADbmoN IN TH~ SOUTHWEST 1/4 OF SECTION 18, IN TOWNSHIP 7 NQRTH, RANGE 22 EAST, AND THE ·.NORTH 112 OF THE VACATED WEST MCKINLEY AVENUE BETWml NORTH 20TH STREET AND NORTH 21ST STREET, IN THE CITY OF MILWAUKEE, Ml WAUKEE COUNTY, WISCONSIN. FOR INFORMATION PURPOSE: 2001 WVUETST TAX KEY NO.: 384-1201'111-7

. , Thit property Is located In ~M=ILW~A=U=KE=E~-----c,~~--'-------·•t 2001 WVUETST

_· _' ·:_1"'_°;',.,''"'11-i-•1'.lf;ll~ll!e!'PI!,!·,...,~~~~------ , .,,

1

~.,:;,,,;;'.,A,,,UKEE,.·"-"-· -'--'-~~~------' Wisconsin_.6,.32.,05,,.__~--' :•~ r,,1'.~~~~t (A~resa). (City) . !Zlp,Cad11)

WISCONSIN• AQRICULlURAUCDMMERCIAL REAL l!STATE SECURITY INlllllUMENT INDTFORFHMA, FIIIMC, RIA DRYA US~AND NOTFOR CONSUMER PURPOSES! 01994, 2001 Wattars kf11W81' Flnancfa1Servleu• B*1brs8ymms™ Farm ABCO.R5WI 4/28/200B

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(pap 1 of BJ

Together with ell rights, easements, appurtenances, royalties, mineral rigt,ts, oil end gas rights, crops, limber, all diveraion payments or third party _payments made to crop producers, all water and riparian rights, walla, dltohas, reservoirs, and water

· stock and all existing and futwe improvements, structures, fixtures, and reelacements that may now, or •I any time in the future, be pert of the real estate described above (all referred to as "Property I,

3; I\IIAX!!I/IUM OBLIQATION LIMIT, The total principal amount secured by this Security Instrument at any one time shall not exceed $ 389 988.83 · • This iimitetion of amount. does not Include interest and other fees and charges velldly made pursuant to this Security Instrument. Also, this limitation iloes not apply to advances made under the terms of this Security lnstru·ment to protect Lander's ·security and to perform any of the covenants contained in this Security Instrument.

4. SECURED DEBT AND FUTURE ADVANCES, The term "Secu"reil Debt" ·is defined as follows: A. Debt incurred under the terms of all promissory n.ote(sl, ·c:ontreot(sl, guoranty{iesl or other evidence of debt described

balow and all their exten&icina, i"enewala, modfflcationa or aubatltutfoi,s. (When mfersnolng ths debts bs/ow It Is suggested that you /ncluds ltsms such as borrowers' names; note amounts, intarssr ratos, maturity dates, etc.)

$389,888.63 117.6%

B. All future advances from Lander to· Mortgagor or other future obligations· of Mortgagor to Lender under any promissory note, contract, guaranty, or other evidance of debt oxiating now or executed after this Seourity Instrument whether or not this Security Instrument Is speciflcally referem:;ed, and Whether or not such future advances or fl!Ulre oblloettlons ere incurred for any purpose that was related or unrelata.d to the purpose of tha evidence· of dabt. If more than one person signs this Security Instrument, each Mortgagor agrees that this Security Instrument will secure all future advances end future obligations that are given to or Incurred by any one or more Mortgagor, or any one or more Mortgagor and others. All future advances and other future obligations are secured by this Securit\( Instrument even. though all or pert may not yet be advanced. All futura advances and othar future obligations are secured as if made on the date of this Security Instrument. Nothing In this Security Instrument shall constitute a commitment to make addjtloniil or future loans or advances in any amount. A11y auch commitment must be &Qreed to in a separate writing.

C. All obligations Mortgagor owes to Lender, which now exist or may later arise, to the extent not prohibited by l~w. Including, but not limited to, lleblllties for overdrafts· relating to any deposit account agreement b~twaen Mortgagor end Lender, ·

D, All additional sums advanced end expenses incurred by Lender for Insuring, preserving or otharwlse protecting the Property end Its value and any other eums advanced and expenses Incurred by Lender under the terms of this Security ln~trumant.

This Security Instrument will not secure any other debt If Lender fells to give any required notice of the right ·of rasclasion.

5 •. PAYMENTS. Mortgagor agrees that all· payments under the Secured Debt will be paid when duo and in accordance with the terms of the Secured Debt and this Security Instrument. . · . .

6, WARRA~TY OF TITLE. Mortgagor warrants that Mqrtgegor is or will ba lawtuUy seized of the estate conveyed by this Sscurity Instrument and hes the right 10. grant, bargain, convtty, sell, and mortgage the Property. Mortgagor aleo warrants that the Property le unencumbered, except for encumbrances of record.

7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, dead of trust, security agreement or other lien documant that craated a prior security Interest or encumbrance on the Property, Mortgagor agrees: '

A, To make all payments when due and to perform or comply with all covenant&.

B. To promptly deliver to Lender any_ notices that Mortgagor receives from th• holder,

C. Not to allow any modifioE1tion or· extension of, nor to request Bl1Y future Bdvenaes under any note or agreement secured by the lien document without Lender's prior written consent.

B, CLAIMS AQAINST TITLI:, Mortgagor will pay all texae, aeeoaaments, liens, e~cumbrencos, loaee payment&, ground renta, · utilities, and other charges relating to the Property when due. Lender mqy require Mortgagor to provide to Lender copies of all notices that such amounts are due and Iha recel~te evldenoing Mortgagor's payment. Mortgagor will defend title to the Property against any claims that would impair tt,e lien of this Security Instrument. Mortgagor agrees to assign to Lender, ae requested by Lender, any rlghte, claims or defenses Mortgagor may hove against parties who supply labor or materlela to malhtain or Improve the Property. ·

. 9. DUE ON SALE· OR ENCUMBIIANCE, Land,, may, ·et Its option, declare the entire balance of the Secured Debt to be Immediately due and payable upon the creation of, or contract fcir the creation of, any lien, encumbrance, transfer or sale of tho P(operty. Thie right is subjeot to the.restrictions Imposed by federal law 112 C.F.R. 6911, as applicable. This covenant shell run with the Property and shell remain In affect until the Secured Debt Is paid in full end this Security Instrument le released. · ·

fpaaa 2 of BJ

01SB4, 2001 W~ll{I KIUWN An1ncl1! ServlCU• Elankera~YM f~ ABCO-flESI-WI 41211/2006

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10, TRANSFER OF AN INTEREST IN THE lillORT.GAGOR. If Mortgagor Is an entity other than a natural person (such as a corporation or other organization), Lender may demand imll)adiate payment If:

A, A beneficial Interest In Mortgagor is sold-or transferred,

B. Th•(• Is e change lri either t.he Identity or number of _members ofe partnership or similar entity.

c. Thero Is a chohgo In ownership of more .than 26 percent of~· voting stock of a corporation or slmller entity,

However, Lender m~y not.demand paym~nt iii the above situationslf.lt is prohibited by law as of the date of this Security Instrument, · ·

11. E~TITY WARRANTIES AND REPRESENTATIONS. If Mortgagor Is en entity otber than a natural person (such as a corporation or other organization), Mortgagor makes to 'Lender tho following warranties and representations which shall continua as long as the Secured Debt remains outatanding: · . · · · .· ·

· A, Mortgagor is duly organized and validly. e>1lating In Mortgagor's state of incorporation or organization, Mortgagor is In good standing In all states in which Mortgagor transacts buelnaee. Mortgagor has the power and authority to own the Property and to carry on lte business es· now being conducted and, as applicable, Is quallfled to do so In each atate in which Mortgagor operates. , . .

e. Tho execUtion, delivery and perform~nce of this Sacurity Instrument by .~ortgagor and tho obligations evidenced by the Sacured Debt are within the poWor of Mortgagor, have been duly authorized, have received all necessary governmental approval, end wlll not violate any provision of law, or order of court Dr governmental 89ehcy,

C, Other than prelllously,dlsolosed in wtjtlng to ~ander,.Mortg.~gar _has not ch~nQ•d.._l.t~ ii~ril! wll,hi~ :th~ l~st.t,r, years end has not used any other .trade or .. f1ctltioua name: Without Lehder's prior written co·nsent, Moi'lgligor iloes not and

··· wlll not use &hy other namB ·an·d will preserve Its exfS'tlnO n~ma, ·trade names and franchises until the Secured Debt Is satisfied, ·

·12. PIIO,PERTY CONDmON, ALTERATIONS AND INSPECTION, Mo"9agcir wlll keep the Property In.good condition and nieke all . repairs that are reasonably necessary. Mortgigor eh all not. commit or allow anV waste, imPairffiaht, Or dtrt8rioratlon of the

Property, Mortgagor wlll keep the Property free of noxious weeds and grasses. Mortgagor agrees that the nature of the · occupancy end use will not substantially change without. Lender's prior written consent. Mortgagor will not permit any

change in any license, restrictive covenant or easement without Lender's prior written consent. Mortgagor lll(ill notify Lendor of all demands, proceedings, claims, and actions-against Mortgagor, and of any losa or damage to the Property,

No portion of the Property wlll be removed, demolished or materially altered, without Lender's prior written oonaant except that Mortgagor has the right to remove items of personal property comprising . a part of the Proparty that become worn or obsolete, .provided that such personal property Is replaced with other personal property at leaat equal In value to tho replaced personal property; free from any title retention device, security agreement or other enoUmbrance ... Such replacement of personal property will be deemed subjact to the security Interest created by this Security Instrument. Morigegor shall not partition or subdivide the Property without Lender's prior written consent,

Lender or Lender's agents may; at Lendar's option, entsr the Property lit any reasonable time for the purpose of inspecting the Property. Lendor shall give Mortgagor notice at the time of or before en Inspection epoollying e reasonable purpose for the insr.ection. Any Inspection of tha Property shall be entirely fpr Lender's benafit and Mortgagor wlll In no way rely on · Lendor s lnapeotion. · ·

13, AUTHORITY TO PERFORM. If Mortgagor fells to perform any duty. or any of the coveminte contained In this Security Instrument, Lender mar., without notice, perform or cause them to be petformed, Mortgagor appoints Lender as attorney in fact to sign Mortgagor s name or pay any emount necessary for performance. Lender's right to perform for Mortgagor shall hot create en obllgetion to perform, and Lender's !allure to perform will not·preclude Lender from exercising any of Lender's other rlghta under the law or this Security lnntrument. H. any construction on the .Property .In dlsdontlnued or not carried on in a reasonable manner, Lender may take all steps neoessary to protect Lender's security interest In the Property, lnoludlng completion of the construction.

14. Assl'GNl\ll~IIIT OF LEASES AND RENTS. Mortgagor 0

asiilgns, .g/arite, liariialns, ~onJeys and inortgages'~o"liiria'et a°;'·aiialt1'ori;I. security all the right, title and Interest In tha following (Property}, · ·

A. Existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for the use and occupancy of thn Property, Including but not limited to, any extansione, renewals, modifications· or replacetnante (Leases!,

B, Rents, Issues and profits, Including but not llmlie~ to, 9BC~,;ity d,ep~sl,ts, minlmmn.:rente, pprcenfage renta, eddlttonel tents, common area maintenance ohBrgaa, .. p!lrking charges, real ·,"state taxes, other applicable ta>e&Q:, insurance premium contributions, liquidated damades following dofault, cancellation premium•, "loss of rents" lnsuranca,.guest receipts, revenues, royalties, proceeds, bonuses, accounts, contract rights, general lritenglbles, arid all · rights and claim• which Mortgagor.may have that ln any way pertain to or are on acoount of the use or occupancy of the whole or any part.of the Property (Renie}, , . . , ,

In the event any Item !lated as Leases or Ranta ie determined to be personal, jiroperty, this Annlgnment will elno be regarded an a security agreement. ·

. ·'Mortgagor will promptly provide ~ender wlth'coples of ihe Ldsas 'and.will,cert!fy these.Leases are true ·and cprrect copl~•-· The existing Leases wlll be provided on ex9'1trtion of the Aeslgnment, and ell future Leases and any other information with respect to these Leases wlll be provided Immediately after they are executed. Mortgagor may collect, receive, enjoy end Use the Ranta so long ·as Mortgagor is not In default. Morljlagor wlll not collect ln.advanc11 any Renie .due In fut)Jra lea~e periods, unless Mortgagor first obtains Lender's written consent, Upon default, Mortgiiyor will receive any Rents In trust for Lender

' . .

(page 3 of BJ

01984, 2001 WoTtm KluWer ffn1nal115llfVIDIIII- Banlu•r• By1teflla'I'!" l'orm AGCO-AE81-WI 4/2EJ/20D8

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and Mortgagor will not commingle the flents with any other fund•. When Lender so directs, Mortgagor will endorse and deliver any° payments of Rents from the Property to Lender: Amounts collected will be applied at Lender's diecrelion to the Secured Debts, the costs of .managing, proteoting and pre5~rV1!19 the PrOpertv, 1md other necessary expanses. Mortgagor agrees that this Securi/:y' Instrument Is Immediately effective ~etween Mortgagor and Lender and effective as to third partlas on tho recording of this Assignment, . ..

As long as this Assignment is in effect, M9rtgagor warr!pts ar,id reP.resen~ t!J~t no default ~xlsts under tile Leases, and the parties subject to the Leases have not violated any applicable Jaw on leases, licenses and landlords and tenants. 'Mortgagor, at its sole coot and expense, will keep, observe and perform, and require all other parties to the Leases to comply with the Leases and any applicable law. If Mortgage! or a.nv party to the Lease de(aults or f~ils to ~bserve any applicable law, Mortgagor will promptly notify Lender. If Mortgagor neglects or refuses to enforce compliance with the terms of the Leases, then Lender may, at Lender's optlori, enforce compliance, · ·

· Mortgagor wlU not sublet, modify, extend, ·cancel, or otherwlea alter the Leases, or accept the surrender of the Property covered· by thi, Lei.sea (4nlass- the 'Le'asea so re9uire) Wiihollt ·lender'.s co.nsent. Mortgagor will· npt assign, compromise, subordinate or encumber the Leasas and Rents w1ttioirt Lender's prior writtan consent. Lender does not assume or become liable for the Propertv's maintenance, depreciation, or other losses or damag1111 when Lender. acts to manage, protect or preserve tha Property, except for IOl!SOS and. damages due to Lender's gross negligence or intentional torts, Otherwise, Mortgagor vvill indemnify Lender, end, hold Lender harmless for all lillblllty,. lose or damage that Lender may incur when Lemler opts to .exeroisa any of its,remedies against any ptrtv obligated u'nder the Leases.

16. LEASEHOLDS; CONDOMINll!MS; PLAl'jNED . UNIT 01:VELOPMJ:NTS. Mo11gagor agrees to comply with the provisions of any le.ase If this Security Instrument Is on· a leasehold. If the Property Includes a unit In a condominium, time-share estate, or a planned unit ilevelopment, Mortgagor will perform all of Mortgagor's duties under the covenants, by-laws, or regulations of the condominium, ·lime-share estate, or planned unit development: ·

16. DEFAULT. Mortgagor will be in default If any of the followlng occur: · A. Any party. obligated on the Secured Debt falls ta maka payment when d.ue;

B. A breach of any term or covenant. In thie .Security lnstrumen.t or any other document execut~d for th• purpose of creating, securing or guarantying tha Secure~ ~abt;

C. The making or furrii.shlng of any verJ,al or written representation, statement or warranty to Lender that Is false or incorrect in any material respect by Mortgagor or. any person or .entity obligated on the Secured Debt;

·D. The death. dissolution, or Insolvency of, appointment of a receiver for, or application of any debtor relief law to, Mortgagor or,any other parson or entity obligated on the Secured Debt;

E, A good faith belief by Lender at any time ~at Len~er ie Insecure with respect to eny person or e!'titv obligated on the Secured,Debt. or that the prospect of eny payment 1s Impaired ~r the value of tho Property la impaired; ·

F. A material adverse change In Mortgagor's bualrieaa lncludi.ng ownership; management, and financial conditions, which Lander In its aplniorr believes Impair• thli v~Juo of the Property or repayment of the Secured Debt; or

G. Any loan proceeds ere used for a purpose that will contrlbuta to exoeaeive erosion of hi11_hly erodible land or to the conversion of wetlands to produce an agricultural commodity, its further explained In 7 C.f.R. Pert 1940, Subpart G, ExhibltM,

,17. flEMEDIES ON DEFAULT. In some instances, federai and state law will·require Lender to provide Mo\"lgagor with notice of Iha right to cure or other notices ·and may establish time schedules tor foreclosure actions. Subject to these limitalions, If any, Lender may accelerate Iha Secured Debt and foreclose this Security Instrument in a manner. provided l>Y low If Mortgagor Is in defaull,

At the option of Lender, · all or any part of the agraed fees and charges, · accrued intereet and prinolpal shall become Jmmedlately due and payabla, aftnr giving nodce If required by law, upon the occurrence of a defaUlt or anvtime thereafter. In addition, Lender shall be entitled to all the remedies provided by law, tho terms of the Secured Debt, this Security Instrument and any related document&. All ramedlas are distinct, cumulativ.e and not exclusivo, and tho Landor lo entitled to all remedies ·provided at Jaw, or equity, whether or not expressly set forth. The . aoceptanoa by Lender of any sum In payment or partial · payment on the Secured Debt ofter the balance lo due or Is accolorotod or aftor forecloeure proceedings are flied ahall not constitute a waiver of Lender's right to require complete oure of any existing default, By not exercising any remedy on Mortgagor's default, Lender does not waive Lender's right to later consider the event a default if it continues or happens again, ·

18 .. REDEMPTION. The period of redemption is anytime before the foreclosur~ sale.

19. FORECLOSURE WITHOUT'DEflCIENCY. If this Property Is a 1-4 family raoldence that Is owner-occupied at the beginning of a foreclosuie · 'aiitloii, a fa/m, a church, or · a tax-exeil,pt nonprofit oharltabla organization, then Mortgagor agraBB to the provisions of Wis, Stat. Ann. § 846.101, as amended, parmfttlng Lender to walva its right to a judgment for a deficiency on raal .astate of 20 acres or Jass, and to bold a sale of the Property six months aftsr the foreclosure judgment is entered. If this Property Is not a 1-4 famffy residence that is owner-oocupled at tha baginning of a foreclosure action, a farm, a church, or a tax-exemnt nonprofit oharJtsble organization, then Mortgagor agreoa . to tho provisions of Wis. Stat. Ann. § 846,103, as amended, permlttlnQ Lander to waive its right to a judg111ent for a deficiency, and to hold a sale of the Property three months aftsr a foreclosure iudgmept is entered. Regardless of terms to th• contrary, if Mortgagor abandons the Property, then the sale of the Property shall be after two montlia from the date a foreclosure judgment is entered.

(pags 4 of BJ

01894, 2001 Waltera KlllWar l'lnancJal~GOII • Bankora Syatema™ FIWI AGC0-RES1-WI 4/2G/20DG

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20. EXPENSES; ADVANCES ON COVENANTS; :ATTORNEYS' FEES: COLLECTION COSTS, Except when prohibited by law,. Mongagor agrees to pay all of Lender's expenses If Mongagor breaches any covenant In this Security Instrument. Mortgagor will also p&y on demand any amount lnourrad by Lender for Insuring, lhepactlng, preserving or othorwlse protecting the Property and Lander's security interest. These expanses wlll bear Interest from the date of the payment until paid in full at lhe highest interest rate in effect as provided In the terms of the Secured Debt. Mortgagor agrees to pay all costa and expenses Incurred by Lender In collecting, enforcing ot protecting Lender's rights lihd remedies under this Security Instrument. This amount may include, but is. not limited· to, attorneys' fees, court coats, and other legal ~xpenses. This Security Instrument shall remain In effect Untilreleased. Mortgagor agrees to pay for any recordatlon costs of such release.

21, ENVIRONMENTAL LAWS AND HAZARDOUS. SUBSTANCES, As ·used in this section, 111 Environmental Law means, without limitation, the Comprehensive Environmental .Reeponse, Compensation end Liability Act (CERCLA, 42 U.S,C, 9601 et seq,), ell other federal, state end looal laws, regulations, or,dlnance•, court orders, attorney general opinions or Interpretive letters concerning the public health, safety, welfare, environment or e hazardous eubetance; and (21 Hazardous Substance means any toxic, radioactive or hazardous material, waste, ·pollutant or contaminant which has characteristics which render the substance dangerous or potentially dangerous to the public· health, safety, welfare or environment, The term includes, without llmftetloh, Shy substances defined as "hazardous .. .material," "toxic sllbstancas," "hazardous waete, • "hazardous substance." or "regulated substance" under any Environmental Law,

Mortgagor represents, warrants and agreaS that: · , A. Except as previously disclosed and-acknowledged in writing to Lender, no Hazardous Substance has been, ha, or will

be located, transported, manufactured, treated, refined, or handled_ by any person on, under or about the Property, except in the ordinary couree of buslnese and in strict compllanca with el_l applicable Environmental Lew.

B. Except as prevlou_sly ,disclosed an~ acknow!edged __ In . wrltlllg . to. Lender,. Mongegor has not end will not cause, contribute to, or permlt-thecreleese-of-eny.f;J~••rdolt1s.S~bstsNije,iirM!li,f•Prap'dity, ..

C, Mortgagor will immediately notify Lender Jf (1) a reteasa or threatened release of Hazardous Substance occurs on; under or about the Propeny or migrates or threatens to migrate from neatby property; or 12) there Is a violation ol any Environmental Lew concerning the Property, In such an event, Mortgagor wlll teke all neceseary remedial action In accordance with Environmental Law, - .

D. Except as previously disclosed and ecknowledgsd. in writing to Lende.r, Mortgagor has no knowledge of or reason to believe there Is any pending or threatehed Investigation, claim,. or proceedln_g of any kind relatihg to (1 I any Hazardous Substance located on. under or about the Property; or (21 any· violation by Mortgagor or any tenant of any Environmental Law, Mortgagor will Immediately notify Lender In writing es soon as Mortgagor ·hes reason to believe there la any suoh pending or threatened Investigation, claim, or proceeding. In euch an event, Lender hes the right, but not the obligation, to participate in any suoh proceeding Including the tight to receive copies of any documente relating to such proceadlnge, ·

E. Except as pravlously disclosed llnd acknowledged In writing to Lander, Mortgagor and every tenant have been, are and shall remdln In full compliance with any appllceble Environmental Lew.

F. Except as previously dleclosad and aoknowlodged In writing to Lender, there are no underground storage tanks, private dumps or open wells located an or under the Property and no olloh tank, dump or well will be lidded unless Lender first ooneente in writing, · ·

G. Mortgagor will regularly Inspect the Property, monitor the activities end operations on the Property, and confirm that ell permits, licenses or epprovale required by any applloable Envlr~nmentel Law·ate obtained and complied with.

H. Mortgagor will permit, or cause any tenant to permit, Lender or Lender'• agent to enter and inspect the Property end review all recotds at any reaeonable. time to determine ( 11 the exlst~nce, location ~nd . nature of any Hezerdous Substance on, under or about the Property; 12) the axl;atenae, locatlcn, nature, and magnitude of any Hlizardous Substance that has been released on, under or about the Property: or (31 whether or not Mongagor end any tenant are ·In compliance with eppliaable Environme_ntal Lew.

I. uP~~· "i:~hder'~ request· and at In'/. tr"1~, MOrtgagor aUraes, · at Mortgagor•& expense·, iO · 9nee9e · a··cillalified environmental engineer to prepare an environmental audit of the Property and to submit the resulte of such audit to Lender. The choice of the environmental engineer who will perform such audit le eubJect ta Lender's approval.

J, Lander hes the right, but not the obligation, to perform· any of Mortgagor'• obligations under this section at Mortgagor's expense.

K, As a consequence of any breeoh of any rapresentetion, warranty or ptorrilse made in this saotlon, (1 J Mortgagor will indemnify and hold Lender and Lender's successors or assigns hatmlaaa from and against all losses, claims, demands, liabnltiea, ~emagas, cleanup, raepohse and remediation coate, penalties and expenses, !ricluding without limltetion ell caste of htlgatlon and attorneys' feas, which Lender and Lender's successors or aselgns may sustain; and (21 at Lender's diecretion, Lendet may release this Security lhsttument end In return Mortgagor will provide Lender with collateral of at least equal value to the Property eecured by this Seaurify Instrument without prejudice to any of Lender's righte under this Security lnetrument.

L. Notwlthetentting any of the llinguaga contained ih this Security Instrument to the contrary, the terme of this section shall survive eny foreclooure or setiofaction of thie Security Instrument regardless of ahy passage at title to Lender or any disposition by Lender of any or ell of the Property. Any claims end defenses to the contrary are hereby waived.

22. CONDEMNATION. Mongagor will give Lender-prompt notice of any pending or threatened a~tlon, by private or public entitles to purchase or take eny or all of the Property through condemnation, eminent domain, tit any other means. Mortgagor

(piffle 6 of BJ 01984, 2001 Wolter• l<Juwer Rnancf1! Bervluu• Banters 8y1191TtS,u Ponn ACJCO-AESl•WI 4/211/2008

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authorizes Lender to intervene In Mortgagor's name in any of the above described a;ctlons or claims. Mortgagor assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or other taklhg of all or any part of the Property, Such procee.ds shall be con.sldered payments and will be applied as frovlded In this Security Instrument. This assignment of proceeds Is subject to the terms of arw pi-lor · mortgage, deed o trust, security agreement or other lien document.

23, INSURANCE. Mortgagor agrees to maintain Insurance ·as follows: A, Mortgagor shall keep the PrOJlOlty ineured against loss by fire, flood, theft an<I other hazard• and rieks reasonably

essooiated with the Property due to its type and location. This insurance shall !>• maintained in th• amounta and for the periods that Lender requires. What Lender requires pursuant to the preceding two sentences can change during the term of the Secured Debt, The insurance carrier providing the insurance shell be chosen by Mortgagor subject to Lam;ler's approval, which shall not be unreasonably wltf,held. ff Mortgagor fails to maintain the coverage described at;Jove, Lender may, at Lender's option, obtain coverage. to protect Lender's rights In the Property according to the terms of this Security lnetrument.

· All Insurance policies and renewals shall ·be acceptable to Lender and shall includo a standard •mortgage clause" and, where applicable, "loss payee clause," Mortgagor shall immediately notify Lendor of cancellation or termination of the Insurance. Lender shall have the right to hold the policies and renewals. If Lender requires, Mortgagor shall immediately give to Lander all raceipte of palq premiums and renewal notices, Upon loss, Mortgagor shall give immediate notice to the Insurance carrier and ·Lender. Lender may make proof of loss If not made immediately by Mortgagor.

Unlasa otherwise agreed in writing, all Insurance pro~eads shall be applied tO restoration or repair of the Property or to the Se~ured Dabt, whether or not than du,, at Lender's· option. Any application of proceeds to principal shEill not extend or postpone the due date of scheduled payment nor change the amount of any payment, Any excess will be paid to lh• Mortgagor. If tha Property is acquired by Lender, Mortgagor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Lender to tha extent of the Secured Dal>t immediately before the aoqulsltlon, ·

B. Mortgagor agrees to maintain comprehensive general llablllty lnsuranco naming Lender as an additional insured In an ~mount acceptable to Lander, insuring against claims arising from any accident or oacummce in or on the Property.

C. Mortgagor agrees to maintain rantai loss or business lntarru~tion insurance, as required by Lender, In an amount equal to at least coverage of one year's debt service, and required escrow account deposits lit agreed to separately In writing!, under a forin of policy acceptable to Lander.

24. ESCROW.FOR TAXES AND INSURANCE,.Unless otherwise providad In a separate agreement, Mortgagor will not ho required to pay to Lender funds for taxes and Insurance in escrow.

26, FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Mortgagor will provide to Lender upon request, any financial statement or Information Lender may deem reasonably necessary. Mortgagor agrees to sign, deliver, and file any additional documents or c-,rtiflcatians that Lender mav consider necessary to perfect, continue, and preserve Mortgagor,'s obligation& under this Security Instrument and Lender's lien status on the Property,

28. JOINT AND INDIVIDUA~ LIABILITY;. CO-SIGNERS; SUCCESSORS AND ASSIGNS BOU~D. All .duties under this Security · lnetrument are joint and Individual, If Mortgagor signs this Security Instrument but does not sign an evidence of debt,

Mortgagor does so only to mortgage Mortgagor's lrtterest in the Property to secure payment of the Secured Debt and Mortgagor does not agree to be peraonally liable on the Secured Debt. If th!s Security Instrument secures a guaranty betwsan Lender <1nd Mortgagor, Mortgagor agrees to waive eoy righta that may prevent Lender from bringing any action or claim against Mortgagor or any party indebted under the obllgetlon. Th••• rigpta may include, but are not . limited to, any anti-deficiency or one-action laws. Mortgagor agrees that Lender and any partv to this Security Instrument may extend, modify or make any changa In the tarma of this Seourlty Instrument or any evicfence of debt without Mortgagor's consal1t,· Such e change will Rot release Mortgagor from the term• of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Mortgagor and Lender. ·

27. APPLICABLE LAW; SEVEflABILITY; INTERPRETATION, Thia Security lmrtrunient ls governed by the laws of the Jurisdiction In · which Lender Is located, except to thff extent otherwise required by the laws of the Jurladlotlon where the Property la located,

This Security Instrument ls complete and fully Integrated. This Security Instrument may not be amended or modified by oral agreement. Any section In this Security IQatrument, attachrnente, or any agreement related to the Secured Debt that conflicts

. with eppllcable law will not be effeotive, unleea that law expressly ~r Impliedly permite the v~riations by writtan agreement. If any SBctlon of this Security Instrument oannot be enforced according to lta terms, that section will be severed and will not affect the enforceebillty of tha remainder of this Security Instrument, Whenever used, the singular shall Include the plural and the plural the singular. The captions and headings of the sections of thle Security instrument ere for convenience only and are not to be uaed to interprot or define the terms of this Security lnstrumont. Time Is of the essence In tf,ls Security Instrument.

28, NOTICE. Unlees otherwise required by la-v, any notice shall be given by d.ellverlng It or by malling It by first class mall to the appropriate party's address on page 1 of this Sec4rlty lnetrument, or tq any other address designated In writing. Notice to one mortgagor will be deemed to be notice to all mortgagors;

28. WAIVERS, Except to the extent prohibited by law, Mortgagoi waives all appraisement and homestead exemption righta relating to the Property. . · · ·

30. U.C,C, PROVISIONS. If ohacked, the following are applicable to, but do. nat ll111it, this Sacurlty Instrument:

[II flXtwa Flllng, Mortgagor grants to Lender a isauurity lnteret In all goods th~t Mortgagor owns novv or in the future and that are or wlll become fixture~ related t~ the Property. .

(paga Bof B)

01BB4, 2001 Wolteni Kluwec Rn~clel B11rvtca- Bink .. ByatemaTM Form AGCO.RfSI-W! 4/.20/2000

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D Crops: Tlmbat: Mlnerala: Rants, l11uas and. Profits, Mottgagor grants to Lander a security lntareat In all crops, timber and mlherals located on the Property .as well aa all rents, Issues and profits of them Including, but hot limited to, all Conservation Reserve Program (CRP) and l'aymont In Kind IPIK) payments and similar governmental programs (all of whioh ehall also bo lnoludOd In the term nProperty"), ·

IXl Personal Property. Mortgagor grants to Lender a security lhtarest in all parsohel property located on or connel:tad with the Property, lncludrn·g ell farm products, inventory, equipment, accounts, documents, instruments, chattel papat, general intangibles, arid all other items of personal property Mortgagor owns now or In the future and that are used or useful in the construotion, ownership, operation, management, or malntenanoa of the Property (all of which shall also be included In the term "Property"), The term 'personal property' apeclfioally axoludes that property described as "household goods" secured In connection with a •consumer• loan as those terms are defined In applicable federal regulations governing unfair and deceptive credlt·practlcas, :

IXl Filing As Financing Statamant. Mortgagor agreae and acknowledges that this Security Instrument also suffices as. a financing statement end any carbon, photographic or othar reproduction may be flied of record for purposes of Article 9 of the Unifor[n Commercial Code,

31, OTHER TERMS, If checked, the following ara tlpplioable to this Security Instrument:

D Line of Credit. The Secured Debt Includes a revolving line of credit provision. D Agrloullllrel Propatty, Mortgagor covenants and warrants that the Property wlll be used principally for agricullllral or

farming· purposes and that Mortgagor is an individual or entity allowed to own agricultural land BB specified by law.

IXl Separate Assignment. The Mortgegbr hes executed or will execute a separate aasignment of leeses and rants. If the - -saparata .. aasignmen~:of-. ..feasea,,.and•Jrents.-{fs .. proparly .:,executed, .. and .. .r.ecorded,.. theJi the separate .assignment will

supersede this Security Instrument's "Asalgnmanf of Leases end_ Rents" section,

. D Additional Terms.

·:,,., ·.\

i.,. .,

SIGNATURES: By signing under seal below, Mortgagor agreea to the terme and covenant& containad .In this Saourity Instrument and In any ettachmanta. Mottgegor also acknowledges receipt of. a copy of this Security Instrument on the data stated on page 1. ·

Ent1tv N,m,, V. E. CARTER DEVEI.OPMENT INC. IN.K.A.I V.E. CARfER DEVELOPMENT GROUP INC.

,;M //:71. /,.~(Saal]. =-'"":--,----,-------....,~1Soal) ~~ENT ~•I (Signature! !Datu)

=---------------- (Seal) ISlgnatUre) (Date I ===-------------=-,-,-- (Seal) ISlanaturel tDateJ

01884,.2001 Walhfll Kluww Fln1mll'alSm,Joea ~lhlnli.1,.Syatema'™ farm AGCO-REBf.WI 4/H/2.00G (pagfl 7 of BJ

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ACKNOWLEDGMENT:

llndMduall

STATE OF ____________ ·, COUNTY OF--~-----------! ss. This instrument was acknowledged bet.ore me this. ______ day of _____________ _

bY----------~-~:----------------------My commission expires:

(Nmry Publlcl

::- STATE OF WlSCONSIN , COUNTY OF -~M~IL,,,W,,AU.,K.,,EE._ __________ } ss . • ,,...,_,.., This instrument was acknowledged before me this 29TH day of ..:J,,,UN"'E"'2"0"09._ _________ _

by MICHAEL CARTER PRESIDENT .

----------------~-------------------- mue(e)I -==--==="","""""""'"-'-""''-"""'-"'-"'"-"======="'-'=---:::------- INama of Buslneaa or Entltyl ..!!!l!!!l!J!ll!l!,...!lll:l!!!!!.!!!!<'------------------,'P','--•n behalf of the business or enlity.

This instrument was drafted by ..!TERE!!iES!!!A'-JB!!!AmR.,LEY"-------~-------.:.------------ ln1m,1.

(psga 8 of BJ

01 S&4, 2001 Wottor• K/1,1war Rmmahil 811tvfau- Bankmi By.tems'l'M Form AGC().ftEBI-WI 4/2.8/2008

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' LIS PENDENS

Doci.imant Number Document Trtlt

lt.CV009199

HON. JOHN DIMOTTO, BR. 41

CIVIL F

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I llljl IIJll ljll illl 111~1~111111111 11(1111

DOC.# 10408591 RECORDED 10/31/2014 01:S6PM

JOHN LA FAVE REGISTER OF DEEDS

Milwaukee County, WII AMOUNT: 30 .00 FEE EXEMPT#:

Name and Return Addrell

Bryan M, Becker Maw1cke & Go1sman, S C 1509 North Prospect Avenue MIiwaukee, w,sconsm 53202

364-1201-111-7; 388-0034-100-6 and 271-2443-000-9

Parcel ldentiflGlltlon Number IPIN)

STATE OF WISCONSIN CIRCUIT COURT MIL WAUKEE COUNTY

NORTH MILWAUKEE STATE BANK, 5630 West Fond du Lac Avenue, Milwaukee, WI 53216,

Plaintiff, Case No.

V Case Code 30301, 30404

VE CARTER DEVELOPMENT GROUP INC FIK.JA VE CARTER CHILD DEVELOPMENT CORPORATION, ET AL,

Defendants

LISPENDENS

PLEASE TAKE NOTICE, pursuant to Wis Stat § 840 10, the Plamtiff, North

Milwaukee State Bank, has commenced an action against the above named Defendants;


A Those certam Mortgages recorded on the followmg dates· a) February 23, 1995 as

Docwnent No 7056195, and b) July 6, 2009, as Document No. 09760675, each filed against the

mterest of Defendant V E Carter Development Group Inc f/k/a VE Carter Child Development

Corporation

B. That the action affects the title to real estate described as follows, to wit

PARCELi:

Lots 1 Unu22, mdusive, m Bloc:k 1, 1n Lynde'sAdd1llon 1nthe Southwest1/4 of Sed!on 19, Township 7 NOl1h, Range 22 East, and the NOl1h 1/2 or the vacated West McKinley Avenue between Nor1h 20th Street ond North 21st Street, n the City of Mrlwoukee, Milwaukee County, W1scons1n


C Those certam Mortgages recorded on the followmg dates: a) July 14, 1997 as

Document No 7392749, filed against the mterest of Defendant Lorraine P. Carter, b) July 6,

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'

2009 as document number 09760677, filed against the mterest of Defendant Lomune P Carter

2006 Revocable Trust, and c) November 4, 2010 as document number 09934999, filed against

the mterest of Defendant Lorraine P Carter 2006 Revocable Trust

D That the action affects the title to real estate described as follows, to wit

PARCEL Ill:

Lots 31 and 32, m Assessment SubdMs1on No 1, being a re-subd1V1s10n of a part or Lots 3, 4, 5 and 6, m Dousman's SubdMston or the Norlheast 1/4 of Seellon 25, 1n Township 7 North, Range 21 East, in Ille City of Milwaukee, Counly of Milwaukee, State of w,sconstn

Tax Key No 388-0034-100-8 Address 2939 W KIibourn Avenue


09358139, filed agamst the mterest of Defendant Lomune P Carter 2006 Revocable Trust

[Continued on following page, I

2

Doc YI': 2014 Doc# 10408591 Page# 3 of 4

F That the action affects the title to real estate described as follows, to wit.

PARCEL III:

The North 32 feet of Loi 17, Block 2 m Summrt Park Homesne m the Norlheast 1/4 of Sadlon 7, m Town 7 North, Range 22 East. 1n the City of Milwaukee, County of Milwaukee, State of WisconS1n, bounded and descnbed as follows Comme11C111g el the Northwest comer of said Loi 17, running thence South along the West line of SBJd Lot, 32 feet to a pomt, thence East on a lme and parallel to the North Ima of said Lot 17, 66 50 feet to the mtersecllon With the Easterly lme of said lot, thence Northeasterly tllong the Easterly hne of seKl Lot, 31 92 feet to the Northeasterly comer of saKl lot, soKl point bemg m Southwesterly Ima of a Public alley; thence Nolthwesterly along the Norlheasterly hne of sold lot, being also along SBJd alley line, 6 55 feet to a pomt m the South lme of a public alley and bemg also the North line of sold lo~ thence West along the North line of saKl lot, 74 76 feet to the Northwest corner of said lot, being the pomt of commencement

Tox Key No 271-2443-000-9


Dated at Milwaukee, W1sconsm tins 2J.. day of October, 2014

P.O. ADDRESS: 1509N ProspectAve MIiwaukee, WI 53202 ( 414) 224-0600 - Telephone (414) 24-93S9- Facsimile bbecker@dmgr com - Elllllll

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MA WICKE & GOISMAN, SC Attorneys o Plamtd'f

3

When recorded return to (name, address!:

NDRnt MILWAUKEE STATE BANK 82DD W BROWN DEER HD STE 1DO MILWAUKEE WI 63223

Parcel Number: 3114-1201-111-7

ASSIGNMENT OF LEASES AND RENT$ (With Future Advance Clausel

D This Assignment of Leases and. Rents whloh secur"'!- ari obllgatlon Incurred for the construction of an Improvement on tho Property, Which. m~ Jnc)Ud%m~1.f:!t99e[lYllh~Cq)!IS~Q!):}1ll"1t,Jt!)j!l;_l'!).1Jig_~~,.,, .. prOVtcles·--lor ~fuii..ire ··ar.lvaricUs made for the completion of the contemplated Improvement on the assigned Property,

DOC.# 09760676 REGISTER'S OFFICE Milwaukee County, WI RECORDED 07/06/2009 03:20PM

JOHN LAFAVE REGISTER OF DEEDS AMOUNT: $25.00

FEE EXEMPT#: 0 · ** The above recording information verifies that this document has been electronical:y recorded and returned to the suDmitter. **

---State of Wlsaoneln -----'-'------Space Above This Una For Rlmotdlnll Data ---

1. DATE AND. PARTIES. i"ha date of.this Assignment of Leasss and Rants (Assignment) is 08-28-2008 , The parties and their addrlisaes are: ASSIGNOR: V. E. CARTER OMI.OPMENT INC. IN.IC.A.) V.E. CARTER DEVELOPMENT GROUP INC.

2001 W VLIET ST MILWAUKEE, WI &3206

D Riller to the Addendum that Is attached and Incorporated herein for additional Assignors.

LENDER: NDiml MILWAUKEE STATE BANK 8200 W BROWN DEER RD MILWAUKEE, WI 53223

2. ASSIGNMENT OF LEASES AND RENTS, For good and valuable conoideratlor,, the receipt and sufficiency of which Is acknowledged, and to secure the Secured Debts and A99)gnor's performance under this Assignment, Assignor Irrevocably assigns, grants, bargains, conveys and mortgagas to Lendar as additional security all tho right, title end Interest In tho following (all referred to a• Property I, . ,• /

A. Exlstlnli or future leases, eubl~ases, llcenses, guaranties and any othe, ,written or vei~al .~greements for .. · ·tha usa-and occupancy of-the Property; including any·extenslonsrranawals;illadlflcatlona .. or replacements

(oil roforied to H L•••••l. · ·

B, Rents, Issues and profits (all referred to as Rents), Including but not limited to eacurity deposits, minimum rent, percentage rant, addltlonal rant, common area- maintenance charges, parking chareas, real astate tsxas, other appllceble taxes, insurenoo premium contributions, llquldated damages following default, cancellation premiums, 11losa of rents" Insurance, guest receipts, revenues, royalties, proceeds, bonuses, accounts, contract rights, general Intangibles, and all rights and claims which Assignor may have that In any wey.pertein to or are on aooount of the use or ocoupa~cy of the whole or any part of the Property.

C. The term Property as ussd In this Assignment shall lnolude-the following dascrlba_d real property:

LOTS 1 TliRU 22, INCLUSIVE, IN BLOCK ·1, IN LYNDE'S ADDmON IN 'tHE SOUTHWEST 1/4 OF SECTION 19, IN TDWNSIOP 7 NORnt, RAN BEµ EAST, ANQ ntE NDRnt 1/2 OF THE VACATED WEST MCKINLEY AVENUE BEIWESl NORnt 2D11I STREEt AND NDRnt 21ST STREET, IN ntE CITYDF MILWAUKEE, MILWAUkEE COUNlY, WISCONSIN, FOR INFORMATION PURPOSE: 2001 W WET ST TAX KEY ND,: 3114-1201-111-7

WJBCONSINABs1GNMENTtlF U!ASE8 AND RENTS (NOT FOR FNMA. Fifi.MC, DRVA USE AND NOT FOR CONSUMERPURPOBESJ (page 1 of BJ

~ 02001 lllnkan 6yttllrna, tna., Bt. ctoud, MN form AIMT-P.ENT•wt 212712002

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The Property Is located in .J!M!!!IL,!!W!!AU!!!K1.1;Ei;_E _......c---------,---~County at Ja2!!!00tL1 !!W.!JVU!!!ETLU!JST!,J, M~l!,!LW!!!A!!!UKE~E.5,_Wl!!!..!ti!,!,320!!!.!l,.ti. ----L-----,---~-------- (Address, City, State, ZIP Code!,

In the event any item listed as Leases or Rents is determined to be personal property, this Assignment will also be regarded as a security agreement; ·

3, MAXIMUM OBLIGAtlON LiMIT, The total principal amount ·secured by this Aeslgnment et any one time will not exceed $ 388,908.63 , This limitation of amount does not Include Interest, loen charges, commitment fees, brokerage oofflmleelons, attomays' fees and other charges valldly tnada pursuant to this Assignment to protect Lender's security end to perform any of the covenants contained in this Assignment. Nothing In this Assignment, however, shall constitute a commitment to make additional or future loans or advances In any amount. J,lny such commitment would need to be agreed to In a separate writing, i

. I . . .

4, SECURED DEBTS, This Assignment will ~ecure the following Secured Debts: A. D Specific Dabta. The followlhg debts and·Blf extensions, renewals, refinancinga, modifications &rid

replacetnents, llnolud~ ftam• auoti as 'rrrowa1 riame1, note 1mountt, lntereat rates, maturity datu, etc.)

D One or more of ttu, d6bt& secured bv this Assignment c~ntalns a future advance provision. B, !XI All Dabte, All prooent and future d~bte from Assignor and V. l° CARTER DEVB.OPMENT INC. IN.K.A.I V.E. CARTER

DEVELOPMENT BROUP INC. . to LeriUer, even if this Asslgnmentils not specifically referenced or if the future· debt le unrelated to or of a different type than this debt, Ii mora then one person signs this Asslgnm,nt, each agrees that It will secure debts Incurred either lnlllvldually or with others who may not sign this Assignment, Nothing . in this Asslgnmsnt constfiutss a crimmltrlieht to make additional or future loans or advances, Any such commitment must be In writing, ln!the event that Lendor falls to provide notioe of tho right of rescission, Lender waives any sub~equent security interest In the Assignor's principal dwelling that is

. created by this Assignment. Thia Assignment will not secure any debt for which a non-possessory, iionNpurchasa money security intert,tst Is created In "household goods" In connection with a "consumer loan," as thoae terms are defined by federal law governing unfair and deceptive credit practices. This Assignment will not secure any debt for whioh a security Interest Is created In •margin stock" and Lander doea not obtain a •statement of purpose,• as defined and required by federal law governing

. securities. :. C. Sums Advanced. All sums advanced 1nd expens88 Incurred by Lender under the terms of this Assignment.

6. PAYMENTS, Assignor agrees that all payments under the Secured Debts will be paid when due and In accordahce· wtth the terms of the Secure~ Debts and this Assignment. ' .

ii. COLJ.!:CTION d~ RENTS, Assignor may collect, receive, enjoy and use the Rents so long as Assignor le not In default. Assignor will not collect in advarica any Rents 4ua fn .. fUtura lease periods, unless Assignor first obtains Lender's written consent. Upori defsult, Asi!lgnor will receive eny Rents In truat for Lender and Assignor will not commingle the Rents with any other funds. Whan Lender so directs, Aaalgnor will endorse and dollvsr any payments of Rents from the Property to Lendor. Amounts collscted will be applied at Lender's discretion to the Secured Debts I the cbsts of mahaillng, protecting and preaervlng the Property, and other necessary expenses, Assignor agrees that this Assignment la immediately effective betwesn Assignor end Lender and effective aa to third partips on the recording of this Assignment.

. 7. WARRANTIES AND REPRESENTATIONsl To Induce Lender to enter Into tho Loan, Assignor makes these ropresentations and warranties for as lonl! as this A8Blgnmbnt Is In effect,· A, Power, Assignor Is duly organized, validly exletlng and In good standing under the laws In tho Jurledlctlon

where Assignor was organized and Is ~uly quallfled, validly existing and In good standing in all Jurisdictions In which Assignor operates. or Assignor owns or leases property, Assignor has the power end authority to enter .into this transaction and to carry on Assignor's business or activity as now conducted. ·

B. Authority. The execution, delivery and psrformahce of this Assignment and the obligation evidenced by this Assignment: are within Assignor's duly authorized powers; has received all nso8Bsary governmental approval; will not violate any ptovisio~ of law or order of court or governmental agency; and wlll not

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~ 02001 Bankers Svmms, lna., Bt. Cfoud, MN Ft1m1 ASMT.flEHT•WI 2/27/2001 ! .

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violate any aE1reement to which Asaignqr Is a party o-r to- which Assignor is or any of Assignor's prop~rty is subject. .

c, Noma and Place of Bualnaaa. Other than previously disclosed in writing to Lender, Assignor has not changed Assignor'• name or principal place of business within the,last ten years end hes not used any other trade or fictitious name. Without Lende'r•s. priot written consent, Assignor does not and will not use any othot name and >1(111 praeerve Assignor's existing name, trade. names and fr~nchlses,

D. Ownilrahlp or Lease of Property, Assignor owns or leases all ptop~rty that Assignor needs to conduct Assignor's buslriess and aotlvitles. All of Assignor's proparty ls free and clear of all,llens, security Interests, encumbrances and other adverse claims and Interests, except those lender previously agreed ~o in writing, · . . . ·

E. Compllonca with Laws. Assignor is not violating any laws, regulations, rules, orders, judgments or decree& applicable to Assignor or Assignor's property, except for those that Assignor ls challenging in good faith through proper proceedings after providing adequate reserves to fully pay the claim and Its challenge should Assignor lose. · ·

F, lltle, Assignor has good title to the Lassos, Rents and Property end the right to.esslgn, grant, bargain, convey and mortgage to Lender aa additional security the Leases end Rehts, end no other person has any right in the Leases and Rents,

G. Recotdotlon, Assignor hos recorded the Leoess as required by low or a·s otherwise prudent for the type and use of the Property. .

H. Default, No default exists u~dar tho Lea•••, ahd tho parties subj~_ot to the Leaaea have n.ot viol~!•d any - .. ,.ll]Sllllll~lo'r,w,a;,. la'lliilr,'·Uijenll'el, arfd laridl'6tds·a11~·fahdnts. Ass1,in'o't; at·Jts sole cost end expanse, will

keep, observe and parform, ond require oil other parties to the Leases to comply with ths Leases and any applicable law, If Assignor or any party to the Lease defaults or'falls to .observe any applicable law, Assignor will promptly notify Lender, ·

I. 'Le .. e Modfflcotlon. Assijjnor has not sUblet, modified, extended, canceled, or otherwise altered the Leases, or accepted th• surrender of the Property covered by the Leases (unless the Leases so required).

J, Encumbrance •. Assignor has not assignad, compromised, ·subordinated oi ·encumbered the Leassa end Rents. · .

Ii, COVENANTS, Assignor agrees to the following oovanants: A. Rent Abatement and Insurance. When any Lease provides for ah abatement of Rents due to fire, flood or

other casualty, ~ssignor will Insure against this risk of loss '!"ith • policy satisfactory to Lender. Assignor may choose the insurance company, subject to Lender's approval, which will not be unreasonably · withheld,

B. Coplea of Leoilea, Assignor will promptly provide Lender with copies of the Leasss and will certify these Leases are true and correct copies. The existing Leaass will be provided on execution of the Assignment, and all futute Leases and any oJhet information with reapact to these Leoses will be provided immediately after they .are exeoutad. · .

C, Right to Rents. lmmedletely after the execution of this Asalgnment, Asalgnor wlll notify all current and future tenants and others obllgated·under the Leases of Lender's right to the Leesss and,Rents, and will request that they lmmedlately·pay ell·future Rants directly to Lender when Assignor or Lender asks them to do so.

D, Accountln.o, Wheh Lender requests, Assignor will provide to Lander an acco.untlng of Rents, prepared in a form acceptable to Lender, subject to generally accepted accountlng,prlnclples and certified by Assignor or Assignor's aocountartt to be current, accura~ and ac;,mplete as of the date requested by Lender.

E. Laaaa Nlodlllootloi,, Assignor wlll not sublet, modify, extend, cancel, or otherwise alter the Leases, or accept the surrender of the Property covered by the Leasss (unless the Lease• so required) without Lender's written consent. .

.. f:. !i!Jl!llmlm1noe. Assignor wl!l .. h.oJ.•~.sigri,,.co.mprotn!e.e, •~l!ordlnata qr. enoumber. tha Leases and Ranta .. without Lender's pr1or written consent.

G. Future Leases, Asolghor will not enter Into any future Leases wlthollt prior written consent from Lender . . Assignor will execute and. dallver such further asaurancea ahd asslgnmente es to these tutura Leases as Lender requires from time to time,

H. Peroonal Property, AHlgnor wlll not sell or remove any pereonal property on. the Property, unless Assignor repleoes th(s personal property with like kind for the aeme or batter value,

I. Prosaoutlon and Defense of Cllilma. ABBlgnoi will appear In and prosecute its claims or defend its 'title to · the Leases and Rents against any clolms that would Impair Assignor's Interest under this Assignment and, on· Lender's request, Assignor will also appaar In any action or proceading on behalf of Lendor. A:ssignor agrees to assign to Lender, as requested by Lender, any.right, claims or defenses whloh Assignor may have against parties who supply labor or materials to Improve or maintain the leasehqlds subject to the Leases and/Or the Property. ·

J. Lloblllty and lndemnfflt:atlon. Lender does not assume or becomlt liable for the Property's maintenance, . depreciation, or ot~er losses or damagoe when Lender acts to manage;,pro.teot or preserve the Property, except for losses or damage.a due to Lender's gross negllgen.ce or Intentional torts to the extant permitted

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by law, Otherwise, Assignor wlll lndanjmlfy Lander and hold Lender harmless for all llabiilty, loss or damage that Lender may Incur when Lender opts to exercise any of Its ramedies against any party obligated under the Leases. I

K. Leaaahold Eatatti, Assignor will not cause or permit the leasehold estate under the Leases to merge with Assignor's reversionary Interest, and agrees· that the Leases shall· remain in full .force· and ·effect regardless of any merger of the Assignor's Interests and of ahy metger of the interesm of Assignor end any patty obligated under the Leases, I· ·

L. inoolvahcy. Lender will be the creditor' of each tenant end of anyone else obligated under tha Leases who is subjectto an assignment for th·e ber\efit of creditors, an·fnsolvehcy, e dissolution or a receivership proceeding, or a bankruptcy. : . : . .

• I • •

ll, TRANSFER OF AN INTEREST IN THE ASSIGNOR, If Assignor Is an entity othar than a natural person (such as a cor~oretion or othsr organization), Lend.or may demand Immediate payment H: A, A beneflclal lntarest In Aeslgnor is sold or transferred. . · B. There is a change in .either the ldentj~ or number of members of a partnership or slmilat entity. c. There ls a change in ownership of more than. 26 perceht of the voting stock of a corporation or·slmller

. entity, ; · . However, Lender may not demand payment in the above situations If it ls.prohibited by law.as of the date of this'Asslgnment,'

i 10. DEFAULT, Assignor wlll'be In default If a_ny of the following occur with regerd·to the Secured Debts that are

seoured by tfils Aaaignment: · . A, Paymente, Assign.or foils to make a payment In full when due. B. lnsolvehcy or Bankruptcy, Assignor makes an assignment for the benefit of credlto,:s or becomes

insolvent, elthet because Assignor's liabllities exceed Assignor's assets or Assignor is unable to pay Assignor's dabts as they become due;ior Assignor petitions for protection under federal, state or local bankruptcy, insolvency or debtor relief laws, or Is the subject of a petition or action under such laws ahd falls to have the petition or actlqn .dis'1"issed within a reasonable period of tima,·not to· excaed 60 days,·

C. Death or lncompelency. If Aaslgnor ls'an Individual, Assignor dies or Is declared legally Incompetent. D, llualneas Termination. If Asslgnods nbt an individual, Assignor merges,dissolves, reorganizes or ends Its

business or existence, or a partner' or /najorlty owner dies dr Is declared· legally·lncompetent. E. Falluro to Perform, Asolgnor falla to p,rtorm any condition or to·keep any promise or- covenant of this

Assignment, any other document evldbncing or pertaining to the Loan, or any other debt or agreement Aseignor. has with Lender. I · .

F, Mlstepresantatlon. Assignor makes any verbal or wrltmn statement or provides any financial Information that is untrue, Inaccurate, or conceels;a materlo.1 fact at the tlrria It Is mada or provldad, .

G. Property Transfer. Assignor transfers bll bra subsmntial part ol Aseignor's money or property, H. Property VelUa. The value of the Property declines or Is impaired. · . I. Nam.a Change, Assignor changes Assibnor's name or assumes en additional name without notHylng· Lender

· before making such a ch~nge, i . . . . · J. Matarlal Change, Without first notHying Lender, there Is a material change in Assignor'• businase,

including ownenshfp, management, and finanalal aondltione. K, lhsacutlty. Lendet reasonably belloves•that Laridar la Insecure,

I . .

11 .. REMEDIES. After Assignor defatilm, and ~ftet Lenriar gives any legally reqUlred.noUce and·opporrunlty to cure the default, Lender may et Lender's optiqn do any one or more·of the following: A, Aocelei'oitlon. Lender may make all or ~ny part of the amount owing by the terms of the Secured Debts

lmnie'dlately due, . . . . . B. Additional Security, Lender may demand additional security or additional parties to be obligated to pay the

Seoured Debts. . · . C. SoutcH, Lender may use any and all remedies Lender has under tho otata law whore the Property Is

located or federal law or In any lriatrumont evidencing o,r pertaining to the Secured Dabto. D. lnaurenca ·Bahaflte, Lend~r may make • claim for ahy and all Insurance benefits or refunds that hley be

avellable on Assignor's default, . E, Payments Made On Aaslgnor's Bahalf. Amounto advanced on Assignor's behalf will bo lmmadlatoly dua

and may ba added· to the Secuiad Debts, · · F. Rants. Lander may terminate Assignor's right to collect Rents arid directly collect and retain Rani& In

Lender's name without taking possession of the Property and to demand, collect, reoelve, and sue for the Rents, giving proper receipts and releases, In addition, after. deducting all reasonable axpsnaas of collection ·from any collected and retslned Rents, Lender-may apply the balance as providod for by the Secured Dabts. . · , , c ,, ·

G, Entry, ~ender ma'y enter, take pos&lll\•lon, manage and operate all or any pert of the Property; make, . modify, enforce or cancel or accept the surrender of any Lelisila; obtain or evict any ten a nm and licensees; increesa or iaduca Rents; decorate, clean and make repairs or do any_olher ~ct or Incur any other coat

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Lender deems proper to protect the Property •• fully as Assignor could do. Any fundo collected from the operation of the Property may be applied In such order ea Lender may deem proper, Including, but not llnilted to, payment of the·followlng: operatfn.e -panses, management, brokerage, attorneys' end accountants' fees, the Secured Debts, and tbward the maintenance of reserves for repair or replacement. Lender may take such action without regard to the adequacy of the security, with or without any action or proceeding, through any parson or agent, or receiver to·be appointed by.a court, and lrrespaotlve of Assignor's possession. The collection and eppllcatlon of the R.ants or the entry upon and taking possession of the Property as set out In this section shall not cure or waive any notice of default under the Secured Debts, this Assignment, or lnvalldete llhy aot pursuant to such notice. The enfarcemant of such remedy by Lender, once exercised, shell continue fat so !orig as Lender shell el act, notwithstanding that such collection end application of Rents may hava cured the original default,

H. Waiver. Excapt as otherwise required by Jaw, by choosing any cine or more of these remedies you do not give up any other remedy. You do not waive a default if you choose not to usa a remedy, By electing not to use any remedy, you do not waive your right to later consider tho event e default and to use ony remedies ff the default contihuae or occurs again.

12. APPOINtMENT OF A RECEIVER, On or after an Assignor's default, Asalgnor agrees to Lender making an appHcatlon to the court for an appointment of a receiver for the benefit of Lender to take possession of the Property and the Leaees, with the power to receive, collect and apply the Rents, Any Rents colleotad·wm be applledAl!ls-the court.authorJHs to-.pey hu(:es, to provide. lnBuranca,. to .make-tepalrs and to pay. aaats or -any other expenses relating to·tha Property, the Leases and Rents, and any remaining sums shall be applied to the Secured Debts .. Assignor agreas that this appointment of uecalver may be without giving bond, without reference to the then-existing value of the Property, and without regard to the Insolvency of any person liable for any of the Secured Debts. · ·

1i. COLLECTION EXP.ENSES AND ATTORNEYS' FEES, To the extent permitted by law, Assignor agrees to pay all expanses of collection, enforcement or protection of Lander's rights and remedies under this Asslgnmant. Unless the applicable law that govams this Asslgnmant ls North Dakota, expenses Include, but are not limited . to, reasonable attorneys' fees, court costs and othet legal expanses. These expenses ere duo and payable immediately. These expenses wlll bear Interest from the date of payment until paid in full at the contract interest rate then In effect for the Loan. To the .extent permitted by the United States Bankruptcy Code, Assignor agrees to pay the reasonable attorneys' fees Lender Incurs to collect this Assignment as awarded by any court exercising jurisdiction under the Bankruptcy Coda,

14. l:NVIRONMElilTAL.LAWS AND HAZARDOUS SUBSTANCES, As used In this section, Iii Environmental Lpw means, without llmltatlon, the Comprehensive Environmental Response, Compensation end Liability Act {CERCLA, 42 U,S,C, 9B01 at saq,I, ell other federal, state. and local laws, regulations, ordlnsncse, court ordsrs, attorney general opinions or Interpretive !attars· cohcerhlhg the public health, safety, welfare, environment or e hazardo.us substance; and {21 Hazardous Substance malins any toxic, radioactive or . hazardous material; waste, pollutant or contam{nant which has characteristics which render the substance dangerous or potentially dangerous to the public health, safety, welfare or envlronmeht, The term Includes, without llmitatlon, any substances defined as "hazardoLls material," "toxic substances," "hazardous waate," · "hazardous substance," ot "regultited substances" UndEir any Envlronmen"tal Law:

Assignor represents, warrants and agrees that: . A. Except as previously disclosed and acknowledged In writing to Lander, no Hazardous Substance has been,

ls, qr will be loca.ted, transported, ,manufactured, treated,. refined, or handled by any person on, under or ~bbilhhe Pro11er1V, exoept In tlie 1>rlUilary co.uraa:of··buslnaas and''lrrstrict'compllanaa· wlth·all applicable Environmental Law. · · · ·

B. Except as prevlouoly dlsolooad and acknowledged .fn writing to Lender, Assignor has not and wlll hot oausa, contribute to, or permit the release of ahy Hazardous Substance on the Property.

c. Assignor will Immediately riotlfy Lender If (11 a release or threatened release of Hazardous Subatenca occurs on,·undar or about the Property or migrates or .threatens to migrate ·tram nearby property; or (21 thara la a violation of. any Environmental Law oonoarnlng the Property.· In such an event, Assignor will take all necessary remedial action In aocotdanoa with Ehvlronmentel Law.

D. Except as previously disclosed and acknowladged in writing to Landor, Assignor has no knowledge of or reason to believe thera ls any ponding or threatened Investigation, claim, or proceeding of any kind relating to { 11 any Ha~ardous Substanca located on, mder or about the Property; or (21 any violation by Assignor or any tenant of any Environmental Law. Assignor wlll lmmedlataly notify Lender In writing as soon as Assignor hes reason to believe there Is any such pending or threatened Investigation, claim, or proceeding. !n such an event, Lander has the right, but hot the obllgotlon, to participate In any suoh proceeding Including_ the right to receive copies of any dobumants relating to. euch proceedings.

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E, Except.as previously disclosed and acknowledged In writing to Lendor, Assignor and every tenant have been, are end wlll remain in full compliance with Bny applicable Environmental Law.

F, Except•• previously disclosed and acknowledged In writing to Lender, there are no underground storage tanks, private dumps or open wells located on or under the ·property and no such tsnk, dump or well will be added unless Lender first consents In wrltlhg, · . .

G, Assignor will regulariy Inspect the Property, monitor the activities and operations on tho Property, end confirm that all permits, licenses or approvals required by any appli.cabla Environmental Law are obtained and complied with, · .

H. Assignor will permit, or cause any tenant to permit, Lehder or Lander1s agent to enter and inspect the Property and review all records at any reason~ble time to determine (1) the existence, location and nature of any 1-lazardous Substance on, under or about the. Property; (2) the existence, location, nature, and magnitude of any Hazardous Substance that has beeri released on, under or about the Property; or 13) whether or not Assignor and any tenant are In compliance with applicable Environmental Law.

I, Upon Lender's toquast and at any time, Assignor agrees, at Assignor's expense, to engage a qualified environmental engineer to prepare an envirohmantsl audit of tho Property and to submit the results of. such audit to Lender. :n,a choice of the environmental e.nglneer who will perform such aud~ is subjectto Lender's approval. · .

J. Lender has tho right, but not the obligation, to perform any of Assignor's obligations under this section at Assignor's expense,

K. As a consequence of any breach of any representati~n, warranty or profflise made In this section, (1) Aasignor will indemnify and hold Lender and Lander's successors or assigns harmlass from and against all losses, claims, demands, llablllttss, damages, cleanup, response and remediation ooats, penalties and expanses to the extent permitted by law, Including without limltsticn all costs of litigation and attorneys' fees, which Lender and Lender's succBBBors or assigns may sustain; and (2) at Lender's dfecretfon, Lender may release this Aaalgnmant and In return Assignor will provide Lander with collateral of at leaet equal value to the Property secured by this Assignment without prejudice to any of Lender's rights under this Assignment. · · ·

L. Notwithstanding any of the language contained In this Asalgnmentto the contrary, the'tetms of this section wlll survive any foreclosure or satisfaction of this Asaignmeht regardless of any pa~saga of mla to Lendar or any dlaposltloh by Lander of any or all of the Property. Any claims and defenses to the contrary era hereby waived;

1&. TERM. This Asslgnmenfwlll remain In full force and effect until the Sacured Debts are paid or otherwise discharged end Lander i~ no longer obligated to advance funds under any loan or credit agreement which Is a part of the Saoured Debts, If any or all payments. of the Secured Debts are subsequently Invalidated, declared void ot voldabla, or set aside and are required to be repaid to e truetee, custodian, receiver or any other party under any banktuptcy act or other ateto or federal law, then the Secured Da!Ste will be revived and will continua In full foro~ and affect as If this payment had not bean made,

16, CO-SIGIIIERS. If Assignor signs this Assignment but does riot sign the Secured Debts, Aaalgnor doas so only to assign Assignor's lntsre.et In the Property to secure paymant of tha secured Debts and Assignor does not agree to ba peraonally liable on the Secured Debts. II this Aaslgnment secures o guorenty between Lender and Assignor, Assignor agrees to waive eny rights that may preverit Lender from bringing any action or claim against Assignor or any party indebted under the obligation. These rights may Include, but are not limited to any anti-deficiency or one-action h1ws, · . '

17. WAIVERS, Except to the extant prohibited by law, Assignor waives all appraisement and homestead exemption rights talatihg to the Property, ·

18, OTHER TERMS. If checked, the following are applloribla to this Assignment: .

D Line of Credit. The Secured Debts Include e revolving llne of credit provision, Although the Secured Debts may be reduced to a zero balance, this Aselgnmont will remain In affect until Lender has terminated all commitments for futu.re advances. ·

D Additional Term.;,

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19, APPLICABLE LAW, This Assignment Is governed by the laws of Wisconsin, except io the extent otherwloe required by the laws of the jurisdiction where the Property is located, and the United States of America.

20. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. Each Assignot's obligations under this Assignment ere independent of the obllgetlons of eny othot Assignor, lender may oue eaoh Aeelgnor Individually or tagather with any other Assignor, Lender may release ony part of the.Property ehd Assignor will still be obligated under this Assignment for the remaining Property. Tha duties and benefltS of this Assignment will bind and benefit the successors and assigns of Lendet and Assignor. ·

21. AMENDMENT, INTEGRATION AND SEVERABIU'rY. This Assignment may not bs emended or modified by oral agreament. No amendment or modification of this Assignmant is effective unless made In writing end executed by Aesignot, and Le~der. This :Assignment 1$ the complete and final expression of the agreement. If any provision al this Assignment Is unenforoedble, then the unenforceable provision will be severed end the remaining provisions wlll etlli be enforceable.

22, INTERPRETATION. Whenever Used, the singular Includes the plural end the plurol lncludes the elngulor. The ·section heading~ are for convanfance only and are not to be used to Interpret or define the terms of this Assignment. ·

23. l\iDTICE, FINANCIAL REPORTS·.AND ,ADDl'l'IOIIIAL .DOIIUMENTS. ,Unless· otherwise required by law, any notice will be given by delivering It or mailing It by first class mail snd by registered or certified mall, return receipt requeated, to the appropriate party's address listed in the DATE AND PARTIES section, or to any other address designated In writing. Notice to one·party will be deemed to be notice ta sll parties. Assignor will inform Lendsr In wrltl~g of any change in Assignor's name, address or other appllcatlon Information, Assignor will provide Lander any financial statements or Information Lender requests. All financial statements and Information Assignor gives Lender wlll be correct end complete, Assignor agrees to sign, deliver, and file any additional documents or certifications that Lender may consider necessary ta perfect, continue, and preserve Assignor's obligations under this Assignment arid to confirm Lender's llen siatus an any Property. Time Is of the essence, ·

24. FOR 'WISCONSIN RESIDENTS ONLY: The Secured Oebts· are Incurred In the lntsrest of the Assignor's marriage or family. '~_11 ,:.,;,

':'\~~/~.; ~--------'---------($HI)<?.,, =-,,-,------------,,-,--<Saal) (Sfgnatt.11'9) (Data) : , ~! (Signature) (Data I

26. SIGNATURES. By signing under·seal, Assignor agr~~i, ti, the tiirmll imil·c~venants containedlkthls Assignment. Assignor also acknowledges receipt of ·a. &opy .of this Assignment •.

V.E. CARTER DEVELOPMENT GROUP INC.

~ C20Ct1 Banbri Byttema, mo., Bt. Cfiiud, MN F«m A&MT·RENT·WI 2127'2002

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(pBI/B 7 of 8)

ACkNOWL~DGMElliT:

STATE OF , COUNTY OF ____________ } ss.

This Instrument was acknowledged before nie tlJls ___ day t>f ----------~-

bY-------------------~----------My commission e~p1res:

(Notary Public)

(p11911 B'Of BJ

~ 02001 li.n1c.,. Systems, ma .. st. Claud, MN form,ASMT-RENT-wi 2127/2002

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-. ' ,

When recorded return to (name, address!

NORTH MILWAUKEE STATE BANK 8200 W BROWN DEER RD, SUITE TOD MILWAUKEE WI 63223

Parcel Number 3641201111 7

MORTGAGE IW1th Future Advance Clause)

D Construction Mortgage. This 1s a Construction Mortgage which secures an obhgat1on incurred for the construction of an improvement on the Property, which may include tha Property's acqu1s1t1on cost This obhgallon provides for future advances made for the completion of the contemplated 1mprovement-orflnemortgijje1I Property

I Ill~ 1~111111111111~111~11~111111~1111

DOC.# 09935001 RECORDED 11/04/2010 08.00AM

JOHN LA FAVE REGISTER OF DEEOS

M1lwat.1cee County, WII AMOUNT. 30.00

FEE EXEMPT#:

----State of W1sco1181n----------------5paca Above Th11 Line For Recording Data------

1, DATE AND PARTIES The date of this Mortgage (Security Instrument! ,s ..,o,.e_,,30"'2"'0"'10.__ ____________ _ The parties and their addresses ere

MORTGAGOR V E CARTER DEVELOPMENT OROUP INC , AKA V E CARTER DEVELOPMENT, INC 2001 W VLIET ST MILWAUKEE, WI 53206 1943

D If checked, refer to the attached Addendum incorporated harem, for add1uonal Mortgagors, their signatures and acknowledgmante

LENDER NORTH MILWAUKEE STATE BANK 8200 W BROWN DEER RD MILWAUKEE. WI 63223

2 CONVEYANCE, for good ana valuable cons1aerat10n, ma receipt ana suff1c1ency of which 1z, dCk11owhu.lgeJ, entl LO 11»ec..u1a tha Secured Debt (defined belowl and Mortgagor's performance under this Security Instrument, Mortgagor grants, bargains, conveys and mortgages to Landar the following descrobad property

LOTS ONE l1I THRU lWENTY TWO (221, IN BLOCK ONE 111 IN LYNDE'S ADDITION, IN THE SOUTHWEST ONE OU ARTER 81141 OF SECTION NINETEEN 118), IN TOWNSHIP SEVEN 87) NORTH, RANGE TWENTY TWO 122) EAST, IN THE CITY OF MILWAUKEE, COUNTY OF MILWAUKEE, STATE OF WISCONSIN FDR INFORMATION 2001 W VLIET ST TAXKEYNO 38412011117

The property 1s located m ,M::::IL .. W..,A,.,UK,.E._E ________________ at 2001 W VLIET ST !County)

I

(Addreas) , .:M::::IL,.W..,A,.UK,.EE.__ __ _,.,....,. ______ , W1scons1n 63206 1943

(C,tyl IZIP Code)

WISCONSIN - AORICUL TURAUCOMMERCIAL REAL ESTATE SECURITY INSTIIUMENT ltilOT FOR fNIIA. Ffl.MC, FHA DIIYA USE,ANDNOT FOR CIWSUMERPURPOSES) 01994, 2001 Wolters Kluwer Financial SeMOH - Blnkeni Syatem1TII Form AGCO RESl•WI 4/2612006

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Together with all nghts, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, bmber, all d1vers1on payments or third party payments made to crop producers, all water and r1par1an rights, wells, ditches, reservoirs, and water stock and all ex1stmg and future improvements, structures, fixtures, and replacements that may now, or at any ttme m the future, be part of the real estate described above {all referred to as "Property")

-- -- ---·-3, MAXIMUM OBLIGATION LIMIT, The total prmc1pal amount secured by this Security Instrument at any one time shall not

exceed $ 25 DOD OD This hm1tat1on of amount does not mclude mterest and other fees and charges vahdly made pursuant to this Secunty Instrument Also, this hm1tat10n does not apply to advances niade under the terms of tins Security Instrument to protect Lender's security and to perform any of the covenants contamed ,n this Security Instrument

4 SECURED DEBT AND FUTURE ADVANCES, The term "Secured Debt" 1s defmed as follows A Debt mcurred under the tenms of all promissory note{s), contract{sl, gueranty{1esl or other evidence of debt described

balow and all their extensions, renewals, mod1f1cat1ons or subst1tut1ons /When referencing the debts below ,t ts suggested thet you include items such as borrowers' names, note amounts, interest rates, matunty dates, etc J

'25,000 00 l!PRIME + 3% FLOAT

B All future advances from Lender to Mortgagor or other future obhgat,ons of Mortgagor to Lender under any promissory note, contract, guaranty, or othar ev1dance of debt ex1stmg now or executed after this Security lnstrumant whether or not this Security Instrument 1s spec1f1cally referenced, and whether or not such future advances or future obhgatlons are incurred for any purpose that was related or unrelated to the purpose of the evidence of debt If mare than one person signs this Security Instrument, each Mortgagor agrees that this Security Instrument will secure all future advances and future obhgat1ona that are given to or mcurred by any one or more Mortgagor, or any one or more Mortgagor and others All future advances and other future obhgat10ns are secured by this Security Instrument even though all or part may not yet be advanced All future advances and other future obhgat1ons are secured as 1f made on the date of this Security Instrument Nothing m this Secunty Instrument shell constitute a commitment to make addrt1onal or future loans or advances m any amount Any such commitment must be agreed to in a separate writing

C All obl1ga11ons Mortgagor owes to Lender, which now exist or may later arise, to the extent not proh1b1ted by law, mcludmg, but not hm1ted to, l1abd111es for overdrafts relating to any deposit account agreement between Mortgagor and Lender.

D All add1t1onal sums advanced and expenses incurred by Lender for msuring, preserving or otherwise protecting the Property and 1ts value and any other sums advanced and expenses maurred by Lender under the terms of this Security Instrument

ThlS Security Instrument will not secure any other debt If Lender feds to give any required notice of the right of resc1s91on

6, PAYMENTS. Mortgagor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of the Secured Debt and this Security Instrument

8, WARRANTY OF TIRE Mortgagor warrants that Mortgagor 1s or will be lawfully seized of the estate conveyed by this Security Instrument and has the right to grant, bargam, convey, sell, and mortgage the Property Mortgagor also warrants that the Property 1s unencumbered, except for encumbrances of record

• I 7, PRIOR SECURITY INTERESTS With regard to any other mortgage, deed of trust, security agreement or other hen document

that craeted a prior security interest or encumbrance on the Property, Mortgagor agrees A To make all payments when due and to perform or comply with all covenants

B To promptly deliver to Lender any notices that Mortgagor receives from the holder

C Not to allow any mad1f1cat1on or extenS1on of, nor to request any future advances under any note or agreement secured by the hen document without Lender's prior wntten consent

8 CLAIMS AGAINST TITLE. Mortgagor will pay all taxes, assessments, hens, encumbrances, lease payments, ground rents, u11ht1es, and other ahargu relating to the Property when due Lender may requ11e Mortgagor ta provide to Lender copies of all nollcea thal" sue~ amounts are due and the receipts ev1denc1ng Mortgagor's payment Mortgagor will defend tttle to the Ptoperty against any claims that would impair the hen of this Security Instrument Mortgagor agrees to assign to Lender, as requested by Lender, any rights, claims or defenses Mortgagor may have against parties who supply labor or materials to mamta1n or improve the Property

9 DUE ON SALE OFt ENCUMBRANCE. Lender may, at Its option, declare the entire balance of the Secured Debt to be 1mmed1ately due and payable upon the creation of, or contract for the craet,on of, any hen, encumbrance, transfer or sale of the Property This right 1s sub1ect to the restrictions imposed by federal law {12 CF Ft. 591), as applicable This covenant shall run with the Property and shall remain 1n effect unbl the Secured Dabt ,a paid m full and this Security Instrument ,s released

01994 2001 Woltet't Kluwer F1minttll BeMcea• Blnkere Sy1tema™ florm ACCO;t'ESl•WI 4/26/2005 . , ,

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10 TRANSFER OF AN INTEREST IN THE MORTGAGOR, If Mongagor 1s an entity other than a natural person (such as a corporation or other orgamzat,onl, Lender may demand 1m,ned1ate payment 11

A A benef1c1al interest rn Mortgagor 1s sold or transferred

B There ts a change m either the identity or number of members of a partnership or s1m1lar entity

C There 1s a change m ownership of more than 25 percent of the voting stock of a corporation or s1m1lar enbty,

However, Lender may not demand payment rn the above s1tuat1ons 11 1t 1s proh1b1ted by law as of the date of this Security Instrument

11, ENTITY WARRANTIES AND REPRESENTATIONS, If Mortgagor 1s an entity other than a natural person (such as a corporation or other orgamzallonl, Mortgagor makes to Lender the following warranties and representations which shall continua as long as the Secured Debt remains outstanding

A Mongagor 1s duly organized and validly existing m Mortgagor's state of incorporation or organization Mortgagor 1s in good standing m all states in which Mongagor transacts business Mongagor has the power and authority to own the Property and to carry on ,ts business as now being conducted and, as appllcabla, 1s quahf1ad to do so 1n each state 1n which Mortgagor oparates

B The execution, delivery and performance of thus Security Instrument by Mortgagor and the obhgat,ons evidenced by the Secured Debt are within the power of Mortgagor, have been duly authorized, have received all necessary governmental approval, and wdl not violate any prov1a1on of law, or order of court or governmental agency

C Other than previously disclosed m w11ting to Lender, Mortgagor has not changad ,ts name w1th1n the last ten years and hes ~ot used any other trade or f1c1Jtoous name Without Lender's prior written consent, Mortgagor does not and will not usa any other name and will preserve ,ts ex1st1ng name, trade names and franchises unlll the Secured Debt 1s sat1sf1ed

12 PROPERTY CONDITION, ALTERATIONS AND INSPECTION Mortgagor will keep the Property m good cond1t1on and make all repairs that are reasonably necessary Mortgagor shall not commit or allow any waste, impairment, or dete110rallon of the Property Mortgagor will keep the Property free of noxious weeds and grasses Mortgagor agrees that the nature of the occupancy and use will not substantially change without Lender's prior w11tten consent Mortgagor will not permit any change m any license, rest11ct1ve covenant or easement without Lender's prior w11tten consent Mortgagor will notify Lender of all demands, proceedings, claims, and act1ona against Mortgagor, and of any loss or damage to the Property

No portion J!.f the RrOP.lt11V.. )IVtll _be removed, demolished or materially altered without Lender's prior w11tten consent except that Mortgagor ~as the ng~t to remove items of personal property comp11smg a part of the Property that become worn or obsolete, provided that such personal property 1s replaced with other personal property at least equal m value to the replaced personal property, free from any tltle retention device, security agreement or other encumbrance Such replacement of personal property wtll be deemed subJect to the security interest created by this Secu11ty Instrument Mortgagor shell not part1t1on or subd1v1da the Property without Lander's prior w11tten consent

Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable t1ma for the purpose of inspecting tha Property Lander shall give Mortgagor notice at the time of or before an inspection spec1fy1ng a reasonable purpose for the 1ns,l!ect1on Any ,nspacllon of the Property shall be entirely for Lender's benefit and Mortgagor WIii rn no way rely on Lenders1nspect1on.

13, AUTHORITY TO PERFORM, II Mortgagor fails to perform any duty or any of the covenants contained in this Security Instrument, Lender mar., without notice, perform or cause tham to be performed Mortgagor appoints Lender as attornay ,n fact to a1gn Mortgagor s name or pay any amount necessary for performance Lender's r,ght to perform for Mortgagor shall not create an obhgat,on to perform, and Lender's failure to perform wtll not preclude Lender from exercising any of Lender's other 11ghts under tha law or this Secu11ty Instrument If any construction on the Property 1s d1sconbnued or not earned on in a reasonable manner, Lender may take all steps necessary to protect Lender1s security mterest in the Property, mcludmg completion of the construction

14, ASSIGNMENT OF LEASES AND RENTS Mortgagor assigns, grants, bargains, conveys ana mongages to Lenaer as add1t1ona1 secu11ty all the right, title and interest m the following (Property!

A Ex1Sbng or future leases, subleases, licenses, guaranties and any other written or verbal agreements for the use and occupency of the Property, mcludmg but not hm11ed to, any extensions, renewals, modlf1cabons or replacements (Leases)

B Rents, 1ssuea and profits, including but not hm1ted to, security deposits, m1n1mum rents, percentage rents, add1t1onal rants, common area maintenance charges, parkmg charges, real estate taxes, other appltcable taxes, msurance premium contrrbut1ons, liquidated damages following default, cancellatlon premiums, "loss of rents" 1naurance, guest receipts, revenues, royaltles, proceeds, bonuses, accounts, contract rights, general intang1blaa, and all rights and claims which Mortgagor may have that m any way pertain to or are on account of the use or occupancy of the whole or any part of the Property (Rental

In the event any item hsted as Leases or Rents IS determined to be personal property, thts Assignment w,11 also be regarded as a security agreement

Mortgagor will promptly provide Lender with copies of the Leases and will certify these Leases are true end correct copies The existing leases will be provided on execution of the Assignment, and all future Leases and any other information with respect to these Leases will be provided 1mmed1ately after thay are executed Mortgagor may collect, receive, enJoy and use the Rents so long as Mortgagor 1s not 1n default Mortgagor will not collect 1n advance any Rents due m future lease perrods, unless Mortgeigor first obtains Lender's written consent Upon default, Mortgagor will receive any Rents in trust for Lender

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01894, 2001 W~t1 Kluwer Financial Servtoe,- Banker• Systenia™ Form AGCO RESI-WI 4/26/2008

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and Mortgagor will not commingle the Rents with any other funds When Lender so d11ects, Mortgagor will endorse and dehver any payments of Rents from tho Property to Lender Amounts collected will be apphod at Lender's d1scret1on to the Secured Debts, the costs of managing, protecting and preserving the Propeny, and other necessary expenses Mortgagor agrees that this Security Instrument 1s 1mmed1ately effecbve between Mortgagor and Lander and effective as to third pa.nos on the recording of this Assignment

As long as this Assignment 1s in effect, Mortgagor warrants and represents that no default exists under the Leases, and tho parties subJect to the Leases have not violated any applicable law on leases, licenses and landlords and tenants Mortgagor, at 1te sole oost and expense, will k~ep, observe and perform, and require all other parties to the Leases to comply with the Leases and any applicable law If Mortgagor or any pany to the Lease defaults or fails to observe any applicable law, Mortgagor will promptly notify Lender If Mortgagor neglects or refuses to enforce compliance with the terms of the Leases, then Lender may, at Lender's option, enforce compliance

Mortgagor will not sublet, modify, extend, cancel, or otherwise alter the Leases, or accept the surrender of the Property covered by the Leases (unless the Leases so require) without Lender's consent Mortgagor will not assign, compromise, subordinate or encumber the Leases and Rents without Lender's p110r w11tten consent Lender does not assume or become hable for the Property's maintenance, depreciation, or other losses or damages when Lender acts to manage, protect or preserve the Propeny, except for losses end damages due to Lender's gross neghgence or intenbonal torts Otherwise, Mortgagor w1ll_1od@l1lll1fy_Leodpr and hold Lender harmless for all hab1hty, loss or damage that Lender may incur when Lender opts to exercise any of 1ts remedies against any party obligated under the Leases

16 LEASEHOLDS, CONDOMINIUMS, PLANNED UNIT DEVELOPMENTS Mortgagor agrees to comply with the prov1s1ons of any lease 1f this Secunty Instrument 1s on a leasehold If the Property includes a unit m a condom1nium, nmS:ahare estate; or a planned unit development, Mortgagor will perform all of Mortgagor's dunes under the covenants, by-laws, or regulations of the condominium, time-share estate, or planned umt development

18 DEFAULT, Mortgagor will be in default 11 any of the following occur A. Any party obligated on the Secured Debt fads to make payment when due,

B A breach of any term or covenant in this Secu11ty Instrument or any other document executed for the purpose of creating, securing or guarantying the Secured Debt,

C The making or furnishing of any verbal or w11tten representation, statement or warranty to Lender that 1s false or incorrect m any material respect by Mortgagor or any person or entity obligated on the Secured Debt,

D The death, d1ssolut1on, or insolvency of, appointment of a receiver for, or application of any debtor relief law to, Mortgagor or any other person or entity obhgated on the Secured Debt,

E

F

A good faith behef by Lender at any time thet Lender 1s insecure with respect to any person or entity obhgated on the Secured Debt or that the prospect of any payment 1s 1mpa11ed or the value of the Property 1s 1mpa11ed,

A material adverse change m Mortgagor's business molud1ng ownership, management, and f1nanc1al cond1t1ons, which Lender in its op1n10n behaves 1mpa11s the value of the Property or repayment of the Secured Debt, or

G Any loan proceeds are used for a purpose that will contribute to excessive erosion of highly erodible land or to the conversion of wetlands to produce an ag11cultural commodity, as further explained in 7 C F R Part 1940, Subpart G, Exh1b1t M

17 REMEDIES ON DEFAULT, In some instances, federal and state law will requ11e Lendar to provide Mortgagor with notice of the rrght to cure or other notices and may establish time schedules for foreclosure actions SubJact to these hm1tat1one1 1f any, Lender may accelerate the Secured Debt and foreclose this Secu11ty Instrument in a manner provided by law 1f Mortgagor 1s 1n default

At the opbon of Lender, all or any part of the agreed fees and charges, accrued interest and p11nc1pal shall become 1mmed1ately due and payable, after giving notice 1f required by law, upon the occurrence of a default or anvnme thereafter In addition, Lender shall be entitled to all the remedies provided by law, the terms of the Secured Dabt, this Security Instrument and any related documents All remedies are d1sbnct cumulative and not exclusive, and the Lender 1s entitled to all remedies provided at law or equity, whether or not expressly set forth The acceptance by Lender of any sum in payment or partial payment on the Secured Debt after the balance 1s due or 1s accelerated or after foreclosure proceedings are flied shall not constitute a waiver of Lender's 11ght to require complete cure of any existing default By not exerc1amg any remedy on Mortgagor's default, Lender does not waive Lender's 11ght to later consider the event a default 1f 1t continues or happens again

18, REDEMPTION, The period of redemption 1s anybme before the foreclosure aele

19, FORECLOSURE WITHOUT DEFICIENCY If th1a Property 1s a 1-4 family residence that 1s owner-occupied et the beginning of a foreclosure action, a farm, a church, or a tax-exempt nonprofit charitable orgamzatton, then Mortgagor agrees to the prov1s10ns of Wis Stat Ann § 846 101, es amended, perm1ttmg Lender to waive its 11ght to a Judgment for a def1c1ency on real estate of 20 acres or less, and to hold a sale of the Propeny six months after the foreclosure 1udgment 1s entered If this Property 1s not a 1-4 family residence that 1s owner-occupied at the beginning of a foreclosure action, a farm, a church, or a tax-exempt nonprofit charitable orgamzabon, then Mortgagor agrees to the prov1s1ons of Wis Stat Ann § 846 103, as amended, perm1tt1ng Lender to waive its 11ght to a Judgment for a def1c1ency, and to hold a sale of the Property three months after a foreclosure Judgment 1s entered Regardless of terms to the contrary, 1f Mortgagor abandons the Propeny, then the sale of the Propeny shall be after two months from the date a f'!reclosure Judgment 1s entered

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. ' . . 20 EXPENSES, ADVANCES ON COVENANTS, ATTORNEYS' FEEfi, COLLECTION COSTS, Except when proh1b1ted by law,

Mortgagor agrees to pay all of Lender's axpanses 11 Mortgagor breaches any covenant 1n this Secunty Instrument Mortgagor will also pay on demand any amount mcurred by Lender for msurmg, 1nspectmg, preserving or otherwise protecting tha Property and Lender's security mterest Thase expenses will bear interest from the date of the payment untd paid 1n full et the highest mterest rate m effect as provided m the terms of the Secured Debt Mortgagor agrees to pay ell costs and expenses incurred by Lender tn collecting, enforcing or protecting Lender's rights and remedies under this Security Instrument This amount may mclude, but 1s not l1m1ted to, attorneys' fees, court costs, and other legal expenses This Security Instrument shall remain 1n effect until released Mortgagor agraes to pay for any recordat1on costs of such release

21 ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used 1n this section, (11 Env11onmentel Law means, without hm1tat1on, the Comprehana,ve Env11onmental Response, Compensation and L1ab1hty Act (CERCLA, 42 U SC 9601 et saq I, 1111 other federal, state and local laws, regulations, ordinances, court orders, attorney general op_mrons or mterpret1ve letters concern,ng the pubhc health, safety, welfare, env11onment or a hazardous substance, and (21 Hazardous Substance means any toxic, radioactive or hazardous mata11al, waste, pollutant or contaminant which has characte11st1cs which render the substance dangerous or potentially dangarous to the pubhc health, ealety, welfare or env11onment The term includes, without l1m1tat10n, any substances defined as "hazardous material," "toxic substances," "hazardous waste," "hazardous substance,• or •regulated substance" under any Environmental Law

Mortgagor represents, warrants and agrees that A Except as previously disclosed and acknowledged 1n wr1t1ng to Lender, no Hazardous Substance has been, 1s, or will

ba located, transported, manufactured, treatad, refined, or handlad by any person on, under or about the Property, except in the ordinary course of business and ,n st11ct comphance with all apphcable Env11onmental Law

B Except as previously disclosed and acknowledged m w11ting to Lender, Mortgagor has not and will not cause, co~tr,bute to, or permit the release of any Hazardous Substance on the Property

C Mortgagor will 1mmed1ately notify Lender 1f I 1) a release or threatened release of Hazardous Substance occurs on, under or about the Property or migrates or threatens to migrate from nearby property, or t2) there 1s a v1olat1on of any Env11onmental Law concerning tha Property In such an event, Mortgagor wlll take all necessary remedial acbon in accordance with Envtronmental Law

D Except as previously disclosed and acknowledgad 1n w11tmg to Lender, Mortgagor has no knowledge of or reason to behave there 1s any pending or threatened investigation, claim, or proceeding of any kind relating to (11 any Hazardous Substance located on, under or about the Proparty, or (2) any v1olat1on by Mortgagor or any tenant of any Env11onmental Law Mortgagor will 1mmed1ately nobly Lander 1n Wilting as soon as Mortgagor has reason to beheve there II any such pending or threatened investigation, claim, or proceeding In such an event, Lender has tha right, but not the obhgabon, to part1c1pate 1n any such proceeding including tha r,ght to reca1va copies of any documents relating to such procead1ngs

E Except as previously disclosed and acknowledged in writing to Lender, Mortgagor and every tenant have baen, are and shall remain 1n full comphance with any apphcable Env11onmental Law

F, Except as previously disclosed and acknowledgad in w11bng to Lender, there are no underground storage tanks, p11vate dumps or open wells located on or under the Property and no such tank, dump or well will ba added unless Lendar first consents ,n w11t1ng

G Mortgagor will regularly inspect the Property, monitor the act1v1t1es and operabons on the Property, and conf,rm that all perm1ti,l1cariiies or approvals requ11ed by any apphcable Env11onmental Law are obtsmad and complied with

H Mortgagor will permit, or cause any tenant to permit, Lender or Lender's agent to enter and inspect the Prc;.party and review all records at any reasonabla time to detarmme ( 1) the existence, locatlon and nature of any Hazardous Substance on, under or about the Property, (2) the existence, location, nature, and magmtuda of any Hazardous Substance that haa been released on, under or about tha Proparty, or (31 whathar or not Mortgagor and any tenant are 1n comphance with apphcable Env11onmental Law

·upon Lender's requesi and at any time, Mongagor agrees, at Mortgagor's expense, to engage a qualified env11onmantal engineer to prepare an enwonmental audit of the Proparty and to submit the results of auch audit to Lender The choice of the env11onmental eng1near who will perform such audit 1s subJact to Lender's approval

J Lender has the 11ght, but not the obhgat1on, to perform any of Mortgagor's obhgat1ons undar this section at Mortgagor's expanse

K As a consequance of any breach of any representation, warranty or promise made ,n this suction, ( 11 Mortgagor will 1ndemn1fy and hold Lender and Lender's successors or aaa1gns harmless from and against all losses, claims, demands, hab1ht11s, damagaa, cleanup, response and remad1at1on costs, penalties and expenses, including without hm1tat1on all costs of ht1gst1on and attorneys' fees, which Lender and Lender's successors or assigns may austa1n, and (21 at Lendar's d1scret1on, Lender may release this Saou11ty Instrument and in return Mortgagor will provide Lender with collateral of at least aqual value to tha Proparty secured by this Secur,ty Instrument without preJudlce to any of Lendar's r,ghts under this Secunty Instrument

L Notw1thstandmg any of tha language contained ,n this Security Instrument to the contrary, the terms of this section shall surv,va any foreclosure or sallsfacllon of this Secu11ty Instrument regardleas of any passage of trtle to Lender or any d1spos111on by Lender of any or all of the Property Any claims and dafenses to the contrary are hereby waived

22 CONDEMNATION Mortgagor wlll give Lender prompt notice of any pending or threatened action, by pr,vate or pubhc enbt1os to purchase or take any or all of the Property through condemnation, emmant domain, or any other maans Mortgagor

IPlll/9 6 of 8)

C 1994, 2001 Wohera Kluwer Financial s«vicn Bankers Svatems™ Form AGCCMIESI-WI 4/25/2008

Doc Yr: 2010 Doc# 09935001 Page# 5 of8

authorizes Lendor to intervene m Mortgagor's name m any of the above described actions or claims Mortgagor assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the Property Such proceeds shall be considered payments and will be applied as f rov1ded in this Security Instrument This assignment of proceeds 1s subJect to the terms of any pr,or mortgage, deed o trust, security agreement or other Iran document

23 INSURANCE Mortgagor agrees to maintain insurance es follows A Mortgagor shell keep the Property insured against loss by fire, flood, theft and other hazards and risks reasonably

associated with the Property due to its type and locat1on Thrs insurance shall be ma1nta1ned 1n the amounts and for the periods that Lender requires. What Lender requires pursuant to the preceding two sentences can change during the term of the Secured Debt The insurance carrier providing the insurance shall be chosen by Mortgagor subJect to Lender's approval, which shall not be unreasonably withheld If Mortgagor fails to ina1ntam the covarage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights 1n the Property according to the terms of this Security Instrument

All insurance policies and renewals shall be acceptable to Lender and shall include a standard "mortgage clause" and, where appf1cabla, "loss payee clause " Mortgagor shall 1mmed1ately notify Lender of cancellat,on or term1nat1on of the insurance Lender shall have the right to hold the pohc1es end renewals If Lender requires, Mortgagor shall 1mmed1ately give to Lender all receipts of paid premiums and renewal notices Upon loss, Mortgagor shall give 1mmed1ate notice to the insurance carrier and Lender Lender may make proof of loss 1f not made 1mmed1ately by Mortgagor

Unress otnerw1se agreea in writing, all insurance proceeds shall be appued to restoration or repair ot the Property or to the Secured Debt, whether or not then due, at Lender's option Any apphcallon of proceeds to prmc1pal shall not extend or postpone the due date of scheduled payment nor change the amount of any payment Any excess will be paid to the Mortgagor If the Property 1s acquired by Lender, Mortgagor's right to any insurance pohc1es and proceeds resulbng from damage to the Property before the acqu,s1t1on shall pass to Lender to the extent of the Secured Debt 1mmed1ately before the acqu1s1t1on

B Mortgagor a~es to memtem comprehensive general l1ab1hty insurance naming Lender as an add1t1onal insured m an dmOulit BCC8ptablilo Le'rfder, 1nsur1ng against claims arising from any accident or occurrence 1n or on the Property

C Mortgagor agrees to maintain rental loss or business mterrupbon insurance, as required by Lender, m an amount equal to at least coverage of one year's debt serv1pe, and required escrow account deposits (If agreed to separately 1n writing), under a form of pohcy acceptable to p'linder

' 24 ESCROW FOR TAXES AND INSURANCE Unless otherwise provided m a separate agreement, Mortgagor will not be required

to pay to Lender funds for taxes and insurance m escrow

25 FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS Mortgagor will provide to Lender upon request, any financial statement or information Lender may deem reasonably necessary Mortgagor agrees to sign, deliver, and file any additional documents or cert1f1oat1ons that Lender may consider necessary to perfect, continue, and preserve Mortgagor's obhgattons under this Security Instrument and Lender's hen status on the Property

26, JOINT AND INDIVIDUAL LIABILITY, CO-SIGNERS, SUCCESSORS AND ASSIGNS BOUND, All duties under this Security Instrument are 10ml and md1v1dual If Mortgagor signs this Security Instrument but does not sign an evidence of debt, Mortgagor does so only to mortgage Mortgagor's interest m the Property to secure payment of the Secured Debt and Mortgagor does not agree to be personally liable on the Secured Debt If this Security Instrument secures a guaranty between Lender and Mortgagor, Mortgagor agrees to waive any nghta that may prevent Lender from bnng1ng any action or claim against Mortgagor or any party indebted under the obhgat1on These rights may include, but are not hm1ted to, any ant1-def1c1ency or one-action laws Mortgagor agrees that Lender and any party to this Security Instrument may extend, modify or make any change m the terms of this Security Instrument or any evidence of debt without Mortgagor's consent Such a change w-v1II not release Mortgagor from the terms of this Seount.,,- Instrument The duties and benefit& of this Secuuty Instrument shall bmd and benefit the successors and assigns of Mortgagor and Lender

27, APPLICABLE LAW, &EVERABILITY, INTERPRETATION This Security Instrument 1s governed by the laws of the JUrisd1ct1on 1n which Lender 1s located, except to the extent otherwise required by the laws of the 1urisd1ct1on where the Property 1s located This Security Instrument 1s complete and fully integrated This Security lnslfument may not be amended or mod1f1ed by oral agreement Any section m this Security Instrument, attachments, or any agreement related to the Secured Debt that confhcta with applicable law will not be effective, unless that law expressly or 1mphedly permits the variations by wntten agreement If any section of this Secunty Instrument cannot be enforced according to its terms, that section will be severed and wdl not affect the enforceab1hty of the remainder of this Security Instrument Whenever used, the singular shall include the plural and the plural the singular The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to mterpret or define the terms of this Security Instrument Time 1s of the essence 1n this Security Instrument

28 NOTICE. Unless otherwise required by law, any notice shall be given by delivering 11 or by ma1hng 11 by first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any othsr address designated ,n writing Notice to one mortgagor will ba deemed to be notice to all mortgagors

29 WAIVERS. Except to the extent proh1b1ted by law, Mortgagor waives all appra1sement and homeatead exemption rights relating to the Property

30, U C C. PROVISIONS. If checked, the following are applicable to, but do not hm1t, this Secunty Instrument

[XI Fixture F1hng, Mortgagor grants to Lender a aeounty interest m all goods that Mortgagor owns now or 1n the future and that are or will become fixtures related to the Property

' (page Bot BJ 01994, 2001 Woftef$ Kluwer F1n1n1:11I SeMCH • Banlcera System1TW Fbnn AGf:O f'ESI wt 4126/2006 .. , "

Doc Yr: 2010 Doc# 09935001 Page# 6 of 8

'""' . . . .. . ' .

D Crops, Timber, M1ner1la, Rents, IHUBI and Profits. Mortgagar grants to Lender a security interest 1n all crops, timber and minerals located on the Property es well as all rents, issues and profits of them mcludmg, but not hm1ted to, all Conservation Reserve Program (CRPJ and Payment 1n l(.md CPIKJ payments and similar governmental programs (all of which shall also be included m the term "Property")

!XI Personal Property Mortgagor grants to Lender a security interest 1n all personal property located on or connected with the Property, 1nclud1ng all farm products, mventory, equipment, accounts, documents, instruments, chattel paper, general 1ntang1bles, and all other items of personal property Mortgagor owns now or m the future and that are used or useful m the construction, ownarsh1p, operation, management, or maintenance of the Property (all of which shall elso be included 1n the term "Property"), The term "personal property" spec1f1cally excludes that property described as "household goods" secured in cannectton with a "consumer" loan as those terms are defined 1n applicable federal regulations governing unfair and deceptive credit practices

!XI FIiing As F1n1nc1ng Statement. Mortgagor agrees and acknowledges that this Secunty Instrument also suffices as e f1nanc1ng statement and any carbon, photographic or other reproduction may be fded of record for purposes of Amela 9 of the Uniform Commercial Code.

31 OTHER TERMS If checked, the following are applicable to this Security Instrument

!XI Line of Credit, The Secured Debt includes a revolving hne of credit prov1s1on D Ag11oultural Property, Mortgagor covenants and warrants that the Property will be used p11nc1pally for agricultural or

farming purposes and that Mortgagor 1s an 1nd1v1dual or entity allowed to own agr,cultural land as specified by law

D S1p111te Ass1gnm1nt. The Mortgagor has executed or will execute a separate assignment. of leases and rents If the • • separate-ass1gnment,..of...lease.s, and. r.ent,. iJ. 01opJ1rlv. .e11ecuted @1l~.r.e9.orde~ .... tf\!!n. th!_Jl~ll!lr!t~. B!Sl9JlmeQt .wtll

supersedo this Secur,ty Instrument's "Assignment of Leases and Rents section

D Add1t1on1I Torma.

SIGNATURES By s1gmng under seal below, Mortgagor agrees to the terms and covenants contained m this Secur,ty lnstlUf!lent tnd in.any_ attechments Mortgagor elso acknowledges receipt cf e copy of this Secur,ty Instrument on the dote stated on page 1

Enttty Name VE CARTER DEVELOPMENT GROUP INC AKA V E CARTER DEVELOPMENT, INC

0 [Seal)~~dd rt#rr /~ r ;;, KENN~H FTILE (Data)

[Seal)

__________________ [Seal)

(Signature} (Data)

_________________ (Seal)

(Data) (S1gnaturel

01994 2001 Wotter• Kluwer F1n111Cft! ServtcH Banters Spt11m1111 Form AGCO.RES! WI 4/26/2008 (/Jlll/8 7 of BJ

Doc Yr: 2010 Doc# 09935001 Page# 7 of 8

ACKNOWLEDGMENT STATE OF ____________ , COUNTY OF ______________ ) ss

IJndlvulual) This instrument was acknowledged before me this --------'day of by ________________________________ _

My comm1ss1on expires

!Notary Publ'1c)

- I U ...... STATE OF _.w.,ISu,C!!ION!!lS~IN'------------· COUNTY OF .,,M.,L,,w,.A,.,,K"'EE,_ __________ ) ss ,,,.,..,..,_, This instrument was acknowledged before me this 30TH day of .,A,.u,,su.,s,.,r..,2,.o_,,10,..._ ________ _

by MARVIN PRATT KENNETH F LITTLE

-------------------------------------- fTttlals)J of V E CARTER DEVELOPMENT GROUP INC , AKA V E CARTER DEVELOPMENT, INC a WISCO SIN CORPORATION My comm1ss1on expires 9-/ e/-1

-- - ------- -

(Name of Busmeas or Entity)

on behalf of the business or entity

Th,s instrument was drafted by ~TEe:R!!!E,,!S!!.A!"BAe,R,eLEY"'-------------------------- (name!

(pB(/68of8J 01894, 2001 Wolters Kluwer Ftn1nCf1I Semon· Blnkera SyaternsTM t'brm•AGtO "'ESI WI 4/25/2006 .... . ' . . .

Doc Yr: 2010 Doc# 09935001 Page# 8 of8

NOTICE OF FEDERAL TAX LIEN

Document Number Document TIie

I llllll lllll lllll lllll llll lllll 111111111111111111 * 1 0 3 3 6 8 8 1 *

DOC.# 10336881 RECORDED 02/18/2014 01:43PH

J!liN LA FAYE REGISTER OF DEEDS

Milwaukee County, ~II AMOUNT: 30.00 FEE EXEMPT #:

NaMand Ralum~

INTERNAL REVENUE SERVICE P.O. BOX l4SS9S ST0P8420G CINCINNATI, OH 4S2S0-SS9S

PIRIII lda11bllcalloll Number (PIN)

THIS PAGE IS PART OF THIS LEGAL DOCUMENT-DO NOT REMOVE,

Thllkllai111atlunm111t1,. ... , ,I I ~ by__. !leellWD!O IWIWI PIIYDI - and PjN(~19quhd) othlr.nfonnabon lUCIIII the IIMlkia ..-, legal d81c."6on, 14D, IIIIY be p'-«I on 11111 tlill PI08 aftheclocumentormay be p'-«I on llddllional PI08I afthe cloalnenL WRDl'.Rev.12/22/2010

Doc YI': 2014 Doc# 10336881 Page# 1 of2

14583 Department of the Treasury - Internal Revenue Service

Form 668 (Y)(c) Notice of Federal Tax Uen (Rev February 2004)

Area Serial Number For Optional Use bv Record1na Offrce SMALL BUSINESS/SELF EMPLOYED AREA #4 Lien Unit Phone (800) 913-6050 984384714

It$ provided by secclon 6J2 t, 6J22, and 6J2J of che Internal Revenue Code, we are alvlns a notice that taxes (lncludlns Interest and penaldes) have been ~ aplnst the foUowlns-named taxpayer, We have made a demand for payment of this llabllky, but k remains unpaid, Therefore, there Is a lien In favor of the Unked States on all prop_ercy and rlahts to property belonalns to this taxpayer for the amount oi these taxes, and additional penalties, Interest, and costs that may accrue.

Name of Taxpayer V E CARTER DEVELOPMENT GROUP INC a Corporation

Residence 2001 W VLIET ST MILWAUKEE, WI 53205-1943

IMPORTANT RELEASE INFORMATION: For each aHeHment hated below, unless notice of the 118n 1a refiled by the date given ,n column (el, this notice shall, on the day follow,ng such date, operate as a cert1f1cate of release as defined in IRC ,6325(a}

Tax Period Date of Last =r.for Kind of Tax· Endlns ldentlfylns Number Assessment Refl nr

(a) (b) (c) Cd) Ce> 941 12/31/2012 39-1169662 03/18/2013 04/17/2023 941 03/31/2013 39-1169662 07/01/2013 07/31/2023 941 06/30/2013 39-1169662 10/07/2013 11/06/2023 941 09/30/2013 39-1169662 12/23/2013 01/22/2024

~

<

' '

Place of F1hng Register of Deeds Milwaukee County Total 901 N 9TH ST - MILWAUKEE, WI 53233

This notice was prepared and signed at

the 11th day of February

Signature ~,.. \ 'L -~ for PAM SESNICK

CHICAGO, IL

2014

Title REVENUE OFFICER (414) 231-2181

Unf)llkl Balance of Assessment

en 1129.16

14563.67 21069.32

5043.13

$ 41805.28

, on this,

24-07-2107

(NOTEI Certtflcate of officer authorized by law to take acknowledgment 1a not esaant1al to the val1d1ty of Notice of Federal Tax lien Rev Rut 71-466, 1971 • 2 CB 409} Form 668(Y)(c) !Rev 2-2004}

Pan I • Ktpc By RecordJna Office CAT NO 60025X Doc YI': 2014 Doc# 10336881 Page# 2 of 2

Civil Judgments or Liens

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Civil Judgment(s)

Delinquent unempl tax warrant County Case Number Milwaukee 2011UC004578

Judgment/Lien Date Total Amount 09-15-2011 $20,944.21

Service/Event Date

Page 1 of 1

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Case Caption Dept. of Workforce Development vs.VE CARTER DEVELOPMENT GROUP INC

Warrant Number 201113211

Date and Time Docketed 09-15-2011 at 04:50 pm

Satisfaction Judgment Status Date Type OF Tax Unemp.Comp No

Property/Remarks

Judgment Parties Party Type Name Creditor

Debtor Dept. of Workforce Development

VE CARTER DEVELOPMENT GROUP INC

Costs/ Amounts Description Fees

Judgment amount

Amount $ 10.00

$19,567.86 Pre-judgment interest $1,366.35

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Printable Version (PDF)

Dismissed Status Address No No

Active

Active 2001 W VLIET STREET, MILWAUKEE, WI 53205

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Civil Judgments or Liens Page I of I

search calendar pay fees online reports help view cart (0 items) -·-----·-------··----·

-------- J ----·------·--~-----------··-------------------·----·-----

Civil Judgment(s)



Date and Time Docketed

04-14-2014 at 10:53 am

Satisfaction

Service/Event Date

Judgment Status No

Property/Remarks

Judgment Parties Party Type Name

Creditor

Debtor

Dept. of Workforce Development


Costs/ Amounts Description

Fees Judgment amount

Pre-Judgment Interest

Amount

$ 10.00

$1,219.98

$ 27.45





Date Type Of Tax

Unemp.Comp

Dismissed Status Address No No

Active


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----~----_-_-::_---------------------------------·---- - ------Civil Judgment(s)



Date and Time Docketed 01-29-2014 at03:46 pm

Satisfaction

Service/Event Date

Judgment Status No

Property/Remarks


Debtor



Costs/ Amounts Description Fees

Judgment amount

Pre-judgment interest

Amount $16.31

$3,661.83

$ 82.38

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Date

Dismissed Status Address

No Active

Type Of Tax Unemp.Comp

No Active 2001 W VLIET STREET, MILWAUKEE, WI 53205

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[--------------------

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Civil Judgment(s)

Page I of 1

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10-16-2013 at 01:27 pm

Satisfaction No

Property/Remarks

Judgment Parties Party Type Name

Service/Event Date

Judgment Status




Dismissed No

Date

Status Address Active

Type Of Tax

Unemp.Comp

Creditor

Debtor VE CARTER DEVELOPMENT GROUP INC No Active 2001 W Vliet St, Milwaukee, WI 53205

Costs/ Amounts Description Amount Fees $ 10.00

Judgment amount $ 7,360.66

Pre-Judgmentinterest $165.60



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Civil Judgment(s)



Service/Event Date

Page 1 of 1

r-~~~:~ .. -------__ h····=-lp_0 -_-__ v __ ,_•w_c:r_,_<_O=it=e=m=s)==========······=-=--~=-_-=J

Whati~RSS?~

Case Caption Dept, of Workforce Development vs.VE CARTER DEVELOPMENT GROUP INC


Date and Time Docketed 07-31-2013 at 11 :09 am

Satisfaction Judgment Status Date Type Of Tax Unemp.Comp No

Property/Remarks


Debtor Dept. of Workforce Development


Costs/ Amounts Description Fees Judgment amount

Amount $ 10.00

$7,573.56 Pre-judgment interest $ 170.40



Dismissed Status Address No

No

Active


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[-------·--·

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Civil Judgment(s)

Delinquent unempl tax warrant County Case Number

-Milwaukee 2013UC001549


Service/Event Date

Page 1 of 1

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05-10-2013 at02:23 pm

Satisfaction Judgment Status Date Type Of Tax Unemp.Comp No

Property/Remarks


Debtor




Fees

Judgment amount

Amount

$ 10.00

$7,576.08 Pre-judgment interest $ 663.40



Dismissed No No

Status Address Active

Active 2001 W Vliet St, Milwaukee, WI 53205

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Civil Judgments or Liens Page 1 of 1

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----- ~------·-·---·--·----------·-----------~~----

Civil Judgment(s)

Judgment for money

County

Milwaukee

Judgment/Lien Date

12-26-2013

Date and Time Docketed 12-26-2013 atOS:51 am

Satisfaction No

Property/Remarks

Judgment Parties

Case Number 2013CV009536

Total Amount $32,451.47

Service/Event Date

Judgment Status

Case Caption

City of Milwaukee vs.VE Carter Development Group Inc

Warrant Number

Date Type Of Tax

Party Type Name Dismissed Status Address Attorney Name

White, Kevin Thomas Creditor City of Milwaukee

Debtor VE Carter Development Group Inc


Attorney fee

Costs and Disbursements

Interest

Judgment amount

-Amount

$ 250.00

$ 307.00 $ 711.40

$31,183.07



No No

Active 200 E Wells St, Milwaukee, WI 53202

Active 3368 N 44th St, Milwaukee, WI 53216

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Transcript of Judgment

County

Milwaukee

Judgment/Lien Date 10·02-2013

Date and Time Docketed 01-02-2014 at 10:49 am

Case Number 2014TJOOOOD2

Total Amount $1,110.00

Service/Event Date

Page 1 of 1

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Case Caption

City of Milwaukee vs. Corp ID: 6(1195 VE CARTER DEVELOPMENT GROUP IN

Warrant Number

Satisfaction No

Judgment Status Date Type Of Tax

Property/Remarks

Defendant Name: VE CARTER DEVELOPMENT GROUP IN, Corp ID: 6(1195. Municipal Court Case No(s): 13078632

Judgment Parties Party

Name Type

Creditor City of Milwaukee

Debtor VE CARTER DEVELOPMENT GROUP IN, Corp ID: 6C1195

Costs/ Amounts Description Amount

Civil flllng fee $ 5.00 Docketing fee $ S.00

Judgmentamount $1,100.00



Dismissed Status Address

No A t· 200 E.Wells St, Milwaukee, WI c ive 53202

No A t· 2001 W Vliet St, Milwaukee, WI c ive 53205

Attorney Name

Langley, Grant Frederick

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RETURN TO City Clerk's Office City ofMdwaukee Attn Debbie Fowler 200 E Wells Slreet, Room 205 Mdwaukee, WI 53202 Phone (414)286-3219

CERTIFIED COPY OF RESOLUTION

For Deed Recording

Doc Y1·: 2014 Doc# 10404562 Page# I of 3

111,1 IIJII IJII llll!~l~lllll~ II~ 11~1111

DOC.# 10404562 RECORDED 10/17/2014. 11:26AM

JOHN LA FAVE REGISTER OF DEEDS

Milwaukee County, NII AMOUNT: 30,00 FEE EXEMPT#:

...

FILE NO: 140670

Tltla:

City of Milwaukee Office of the City Clerk

200 E. Wells Street Milwaukee, Wisconsin 53202

Certified Copy of Resolution

Subatltuta reaolutlon granting historic designation to the1&th District School aka Wllllam McKlnlay School aka 20th Straat School at 2001 W. Vllat Streat In the 4th Aldermamc Dlatnct.

Body Whereas, The MIiwaukee H1stonc Preservation Ordmance, s 320-21 of the Code of Ordmances, provides that historic sites, structures and d1str1cts may be designated by the Common Council upon the recommendation of the H1stonc Preservation Comm1ss1on, and

Whereas, The Historic Preservation Comm1ss1on, at its September 8, 2014 meetmg, by a vote of five (5) ayes, one (I) excused and one ( 1) absent recommended h1stonc designation of the 5th D1str1ct School aka WIiham McKmley School aka 20th Street School at 2001 W Vliet Street m the 4th Aldennan1c D1stnct,

Whereas, This area possesses mtegnty oflocat10n and fulfills the followmg cntenon set forth m s 320-21-3

e-1 Its exemplification and development of the cultural, economic, social or h1stonc hentage of the city, state ofW1sconsm or the Umted States

e-5 Its embodiment of d1stmgu1shmg charactenst1cs of an architectural type of specunen

e-9 Its unique location as a smgular physical charactensllc which represents an established and familiar visual feature of a neighborhood, commumty or the city

, now I therefore, be 1t

Resolved, By the Common Council of the City of Milwaukee, that the 15th District School aka Wilham McKmley School aka 20th Street School at 2001 W Vliet Street and further descnbed as follows

LYNDE'S ADD'N IN SW 1/4 SEC 19-7-22 BLOCK I LOTS I TO 22 INCL & N 1/2 VAC W MCKINLEY A VE ADJ

be designated as aMdwaukee h1stor1c site The Preservation Guidelines pursuant to the Hlstonc' Des1gnat1on Study Report, a copy of which 1s attached to this file, shall apply to this site and 1s adopted by the Common Council as part ofth1s file

Crty o/MrlM·auhe Pagel Pnnted lln JOIJl10/.I

Doc Y1·: 2014 Doc# 10404562 Page# 2 of3

. - -. ccma,,,cm p11qq1,w, 1'0610

C1tyo/M1lwaJ/Ue

I, James R. Owczarskl, Caty Clerk, do hereby certify that the foregoing 11 a true and correct copy ofa(n) Resolution Passed by the COMMON COUNCIL of the Caty of Milwaukee, Wisconsin on September 23, 2014.

October 03, 2014

James R Owcza19k1 Dll8Cor1lll8d

Page1 Pnnted nn /01Jt20U

Doc YI': 20!4 Doc# 10404562 Pngc# 3 of3

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