Document:

Exhibit 10.27.1

 

Recording requested by and

when recorded return to:

Christopher M. Kamper

Carver Schwarz McNab & Bailey, LLC

1600 Stout Street, Suite 1700

Denver, Colorado 80202-3164

 

AMENDMENT TO MORTGAGE, SECURITY AGREEMENT, 
 ASSIGNMENT OF LEASES AND RENTS, AND FIXTURE
 FILING

 

THIS MORTGAGE AMENDMENT SECURES FUTURE ADVANCES AND CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS, AND SHALL SECURE AT ANY ONE TIME A MAXIMUM PRINCIPAL AMOUNT OF TWENTY-SIX MILLION DOLLARS ONLY ($26,000,000.00) FOR PURPOSES OF SECTION 48-7-9 NMSA 1978, AS AMENDED OR REPLACED FROM TIME TO TIME.  THIS MORTGAGE AMENDMENT PERTAINS TO A “LINE OF CREDIT MORTGAGE” AS THAT TERM IS USED IN SECTION 48-7-4(B) NMSA 1978, AS AMENDED OR REPLACED FROM TIME TO TIME.

 

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

 

TO THE ATTENTION OF THE RECORDING OFFICER:

 

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

 

This Amendment to Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing (“Mortgage Amendment”) is made effective December 22, 2010 (the “Effective Date”), from NEUTRON ENERGY, INC., a Nevada corporation having a principal place of business at 9000 E. Nichols Avenue Suite 225 Englewood, CO 80112  (“MTM” or “Mortgagor”), to RMB AUSTRALIA HOLDINGS, LTD. a banking corporation organized under the laws of Australia, and RMB RESOURCES INC., a Delaware corporation (the

 

1

 

“Mortgagee”).

 

Recitals

 

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

 

B.            To secure that loan amount, Mortgagor granted Mortgagee a Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing dated effective April 5, 2010, and recorded in the official records of McKinley County, New Mexico on April 7, 2010 as Document No. 349043 (the “Mortgage”).

 

C.            Mortgagor and Mortgagee desire to amend the terms of the Facility Agreement to amend the principal amount by an additional Eight Million United States Dollars (US$8,000,000.00) in addition to certain closing costs and fees, as evidenced by the Amended and Restated Promissory Note given by Mortgagor pursuant to the Facility Agreement, and to amend the Mortgage to be consistent with this new financing term.

 

D.          Mortgagor and Mortgagee intend no other changes to the terms of the Mortgage, which secured future advances and was a “line of credit” mortgage within the meaning of Section 48-7-4(B) NMSA 1978, as amended or replaced from time to time.  This mortgage amendment is intended to relate back for priority purposes to the date of the Mortgage.

 

Therefore, for good and valuable consideration given, the receipt and sufficiency of which is hereby acknowledged, Mortgagor hereby amends the Mortgage over all the Properties identified on Exhibits A through C hereto, including all fixtures, mineral rights and as extracted collateral pertaining thereto, on the terms and conditions stated in the Mortgage, subject only to the following amendment.

 

1.             Amendments

 

The Parties amend the Mortgage so as to secure repayment of the loans extended pursuant to the Facility Agreement up to a maximum principal amount of Twenty-Six Million United States Dollars (US$26,000,000.00).

 

2.             No Other Amendments

 

The parties make no other amendments to the Mortgage, and all the articles, terms, and conditions of such Mortgage are hereby incorporated by this reference as though set forth in full

 

2

 

in this Mortgage Amendment.  Mortgagor represents and warrants that the representations and warranties stated in the Mortgage are true and accurate as of the date of this Mortgage Amendment, and all covenants stated therein are re-stated herein in full.

 

3.             Properties Encumbered

 

The Properties encumbered by the Mortgage and this Mortgage Amendment are as stated on Exhibits A through C hereto.

 

IN WITNESS WHEREOF, Mortgagor has executed this Amendment to Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing effective as of the day and year first above written.

 

 

	
NEUTRON   ENERGY, INC.
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:   
    	
/s/   Edward M. Topham
    	
 
    	
 
    
	
Edward M. Topham
    	
 
    	
 
    
	
Chief   Financial Officer, Secretary, and
   Treasurer, Neutron Energy, Inc.
    	
 
    	
 
    
				

 

3

 

	
STATE OF COLORADO
    	
)
    	
 
    
	
 
    	
)  ss.
    	
 
    
	
COUNTY OF DENVER
    	
)
    	
 
    

 

This Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing was acknowledged before me on December 22, 2010, by Edward M. Topham as Chief Financial Officer, Secretary and Treasurer of  Neutron Energy, Inc., as the duly authorized act of the Corporation.

 

	
My   commission expires:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
\S\   Mary Young
    
	
 
    	
 
    	
Notary   Public
    	
 
    

 

4

 

Exhibits

 

Exhibit A                                Land, Improvements and Water Rights

 

Exhibit B                                Operating Equipment

 

Exhibit C                                Material Agreements

 

Exhibit D                                List of Title Reports and Opinions

 

5

 

Exhibit A

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Leasehold Interests, Unpatented Mining Claims,

Water Rights, and Improvements

McKinley County, NM

 

 

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

 

(A)                              None

 

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

 

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

 

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

 

(B2)                          All of Mortgagor’s right, title and interest under that certain Mineral Lease Agreement (“Bonner Agreement”) effective June 1, 2006, between James A. Bonner and Julianne K. Bonner, and Neutron Energy, Inc. a Nevada Corporation.

 

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

 

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

 

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

 

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

 

Section 36: All

 

6

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

II.                                     Unpatented Mining Claims

 

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

 

7

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
ALTOS-0001
    	
 
    	
318764
    	
 
    	
24
    	
 
    	
7767
    	
 
    	
NMMC-171917
    
	
ALTOS-0002
    	
 
    	
318765
    	
 
    	
24
    	
 
    	
7768
    	
 
    	
NMMC-171918
    
	
ALTOS-0003
    	
 
    	
318766
    	
 
    	
24
    	
 
    	
7769
    	
 
    	
NMMC-171919
    
	
ALTOS-0004
    	
 
    	
318767
    	
 
    	
24
    	
 
    	
7770
    	
 
    	
NMMC-171920
    
	
ALTOS-0005
    	
 
    	
318768
    	
 
    	
24
    	
 
    	
7771
    	
 
    	
NMMC-171921
    
	
ALTOS-0006
    	
 
    	
318769
    	
 
    	
24
    	
 
    	
7772
    	
 
    	
NMMC-171922
    
	
ALTOS-0007
    	
 
    	
318770
    	
 
    	
24
    	
 
    	
7773
    	
 
    	
NMMC-171923
    
	
ALTOS-0008
    	
 
    	
318771
    	
 
    	
24
    	
 
    	
7774
    	
 
    	
NMMC-171924
    
	
ALTOS-0009
    	
 
    	
318772
    	
 
    	
24
    	
 
    	
7775
    	
 
    	
NMMC-171925
    
	
ALTOS-0010
    	
 
    	
318773
    	
 
    	
24
    	
 
    	
7776
    	
 
    	
NMMC-171926
    
	
ALTOS-0011
    	
 
    	
318774
    	
 
    	
24
    	
 
    	
7777
    	
 
    	
NMMC-171927
    
	
ALTOS-0012
    	
 
    	
318775
    	
 
    	
24
    	
 
    	
7778
    	
 
    	
NMMC-171928
    
	
ALTOS-0013
    	
 
    	
318776
    	
 
    	
24
    	
 
    	
7779
    	
 
    	
NMMC-171929
    
	
ALTOS-0014
    	
 
    	
318777
    	
 
    	
24
    	
 
    	
7780
    	
 
    	
NMMC-171930
    

 

8

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
ALTOS-0015
    	
 
    	
318778
    	
 
    	
24
    	
 
    	
7781
    	
 
    	
NMMC-171931
    
	
ALTOS-0016
    	
 
    	
318779
    	
 
    	
24
    	
 
    	
7782
    	
 
    	
NMMC-171932
    
	
ALTOS-0017
    	
 
    	
318780
    	
 
    	
24
    	
 
    	
7783
    	
 
    	
NMMC-171933
    
	
ALTOS-0018
    	
 
    	
318781
    	
 
    	
24
    	
 
    	
7784
    	
 
    	
NMMC-171934
    
	
ALTOS-0019
    	
 
    	
321623
    	
 
    	
25
    	
 
    	
7954
    	
 
    	
NMMC-173129
    
	
ALTOS-0020
    	
 
    	
321624
    	
 
    	
25
    	
 
    	
7955
    	
 
    	
NMMC-173130
    
	
ALTOS-0021
    	
 
    	
321625
    	
 
    	
25
    	
 
    	
7956
    	
 
    	
NMMC-173131
    
	
ALTOS-0022
    	
 
    	
321626
    	
 
    	
25
    	
 
    	
7957
    	
 
    	
NMMC-173132
    
	
ALTOS-0023
    	
 
    	
321627
    	
 
    	
25
    	
 
    	
7958
    	
 
    	
NMMC-173133
    
	
ALTOS-0024
    	
 
    	
321628
    	
 
    	
25
    	
 
    	
7959
    	
 
    	
NMMC-173134
    
	
ALTOS-0025
    	
 
    	
321629
    	
 
    	
25
    	
 
    	
7960
    	
 
    	
NMMC-173135
    
	
ALTOS-0026
    	
 
    	
321630
    	
 
    	
25
    	
 
    	
7961
    	
 
    	
NMMC-173136
    
	
ALTOS-0027
    	
 
    	
321631
    	
 
    	
25
    	
 
    	
7962
    	
 
    	
NMMC-173137
    
	
ALTOS-0028
    	
 
    	
321632
    	
 
    	
25
    	
 
    	
7963
    	
 
    	
NMMC-173138
    
	
ALTOS-0029
    	
 
    	
321633
    	
 
    	
25
    	
 
    	
7964
    	
 
    	
NMMC-173139
    
	
ALTOS-0030
    	
 
    	
321634
    	
 
    	
25
    	
 
    	
7965
    	
 
    	
NMMC-173140
    
	
ALTOS-0031
    	
 
    	
321635
    	
 
    	
25
    	
 
    	
7966
    	
 
    	
NMMC-173141
    
	
ALTOS-0032
    	
 
    	
321636
    	
 
    	
25
    	
 
    	
7967
    	
 
    	
NMMC-173142
    
	
ALTOS-0033
    	
 
    	
321637
    	
 
    	
25
    	
 
    	
7968
    	
 
    	
NMMC-173143
    
	
ALTOS-0034
    	
 
    	
321638
    	
 
    	
25
    	
 
    	
7969
    	
 
    	
NMMC-173144
    
	
ALTOS-0035
    	
 
    	
321639
    	
 
    	
25
    	
 
    	
7970
    	
 
    	
NMMC-173145
    
	
ALTOS-0036
    	
 
    	
321640
    	
 
    	
25
    	
 
    	
7971
    	
 
    	
NMMC-173146
    
	
ALTOS-0037
    	
 
    	
321641
    	
 
    	
25
    	
 
    	
7972
    	
 
    	
NMMC-173147
    
	
ALTOS-0038
    	
 
    	
321642
    	
 
    	
25
    	
 
    	
7973
    	
 
    	
NMMC-173148
    
	
ALTOS-0039
    	
 
    	
321643
    	
 
    	
25
    	
 
    	
7974
    	
 
    	
NMMC-173149
    
	
ALTOS-0040
    	
 
    	
321644
    	
 
    	
25
    	
 
    	
7975
    	
 
    	
NMMC-173150
    
	
ALTOS-0041
    	
 
    	
321645
    	
 
    	
25
    	
 
    	
7976
    	
 
    	
NMMC-173151
    
	
ALTOS-0042
    	
 
    	
321646
    	
 
    	
25
    	
 
    	
7977
    	
 
    	
NMMC-173152
    
	
ALTOS-0043
    	
 
    	
321647
    	
 
    	
25
    	
 
    	
7978
    	
 
    	
NMMC-173153
    
	
ALTOS-0044
    	
 
    	
321648
    	
 
    	
25
    	
 
    	
7979
    	
 
    	
NMMC-173154
    
	
ALTOS-0045
    	
 
    	
321649
    	
 
    	
25
    	
 
    	
7980
    	
 
    	
NMMC-173155
    
	
ALTOS-0046
    	
 
    	
321650
    	
 
    	
25
    	
 
    	
7981
    	
 
    	
NMMC-173156
    
	
ALTOS-0047
    	
 
    	
321651
    	
 
    	
25
    	
 
    	
7982
    	
 
    	
NMMC-173157
    
	
ALTOS-0048
    	
 
    	
321652
    	
 
    	
25
    	
 
    	
7983
    	
 
    	
NMMC-173158
    
	
ALTOS-0049
    	
 
    	
321653
    	
 
    	
25
    	
 
    	
7984
    	
 
    	
NMMC-173159
    
	
ALTOS-0050
    	
 
    	
321654
    	
 
    	
25
    	
 
    	
7985
    	
 
    	
NMMC-173160
    
	
ALTOS-0051
    	
 
    	
321655
    	
 
    	
25
    	
 
    	
7986
    	
 
    	
NMMC-173161
    
	
ALTOS-0052
    	
 
    	
321656
    	
 
    	
25
    	
 
    	
7987
    	
 
    	
NMMC-173162
    
	
ALTOS-0053
    	
 
    	
321657
    	
 
    	
25
    	
 
    	
7988
    	
 
    	
NMMC-173163
    
	
ALTOS-0054
    	
 
    	
321658
    	
 
    	
25
    	
 
    	
7989
    	
 
    	
NMMC-173164
    
	
BRK-0001
    	
 
    	
321659
    	
 
    	
25
    	
 
    	
7990
    	
 
    	
NMMC-172749
    
	
BRK-0002
    	
 
    	
321660
    	
 
    	
25
    	
 
    	
7991
    	
 
    	
NMMC-172750
    
	
BRK-0003
    	
 
    	
321661
    	
 
    	
25
    	
 
    	
7992
    	
 
    	
NMMC-172751
    

 

9

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
BRK-0004
    	
 
    	
321662
    	
 
    	
25
    	
 
    	
7993
    	
 
    	
NMMC-172752
    
	
BRK-0005
    	
 
    	
321663
    	
 
    	
25
    	
 
    	
7994
    	
 
    	
NMMC-172753
    
	
BRK-0006
    	
 
    	
321664
    	
 
    	
25
    	
 
    	
7995
    	
 
    	
NMMC-172754
    
	
BRK-0007
    	
 
    	
321665
    	
 
    	
25
    	
 
    	
7996
    	
 
    	
NMMC-172755
    
	
BRK-0008
    	
 
    	
321666
    	
 
    	
25
    	
 
    	
7997
    	
 
    	
NMMC-172756
    
	
BRK-0009
    	
 
    	
321667
    	
 
    	
25
    	
 
    	
7998
    	
 
    	
NMMC-172757
    
	
BRK-0010
    	
 
    	
321668
    	
 
    	
25
    	
 
    	
7999
    	
 
    	
NMMC-172758
    
	
BRK-0011
    	
 
    	
321669
    	
 
    	
25
    	
 
    	
8000
    	
 
    	
NMMC-172759
    
	
BRK-0012
    	
 
    	
321670
    	
 
    	
25
    	
 
    	
8001
    	
 
    	
NMMC-172760
    
	
BRK-0013
    	
 
    	
321671
    	
 
    	
25
    	
 
    	
8002
    	
 
    	
NMMC-172761
    
	
BRK-0014
    	
 
    	
321672
    	
 
    	
25
    	
 
    	
8003
    	
 
    	
NMMC-172762
    
	
BRK-0015
    	
 
    	
321673
    	
 
    	
25
    	
 
    	
8004
    	
 
    	
NMMC-172763
    
	
BRK-0016
    	
 
    	
321674
    	
 
    	
25
    	
 
    	
8005
    	
 
    	
NMMC-172764
    
	
BRK-0017
    	
 
    	
321675
    	
 
    	
25
    	
 
    	
8006
    	
 
    	
NMMC-172765
    
	
BRK-0018
    	
 
    	
321676
    	
 
    	
25
    	
 
    	
8007
    	
 
    	
NMMC-172766
    
	
BRK-0019
    	
 
    	
321677
    	
 
    	
25
    	
 
    	
8008
    	
 
    	
NMMC-172767
    
	
BRK-0020
    	
 
    	
321678
    	
 
    	
25
    	
 
    	
8009
    	
 
    	
NMMC-172768
    
	
BRK-0021
    	
 
    	
321679
    	
 
    	
25
    	
 
    	
8010
    	
 
    	
NMMC-172769
    
	
BRK-0022
    	
 
    	
321680
    	
 
    	
25
    	
 
    	
8011
    	
 
    	
NMMC-172770
    
	
BRK-0023
    	
 
    	
321681
    	
 
    	
25
    	
 
    	
8012
    	
 
    	
NMMC-172771
    
	
BRK-0024
    	
 
    	
321682
    	
 
    	
25
    	
 
    	
8013
    	
 
    	
NMMC-172772
    
	
BRK-0025
    	
 
    	
321683
    	
 
    	
25
    	
 
    	
8014
    	
 
    	
NMMC-172773
    
	
BRK-0026
    	
 
    	
321684
    	
 
    	
25
    	
 
    	
8015
    	
 
    	
NMMC-172774
    
	
BRK-0030
    	
 
    	
321685
    	
 
    	
25
    	
 
    	
8016
    	
 
    	
NMMC-173165
    
	
BRK-0032
    	
 
    	
321686
    	
 
    	
25
    	
 
    	
8017
    	
 
    	
NMMC-173166
    
	
BRK-0034
    	
 
    	
321687
    	
 
    	
25
    	
 
    	
8018
    	
 
    	
NMMC-173167
    
	
BRK-0036
    	
 
    	
321688
    	
 
    	
25
    	
 
    	
8019
    	
 
    	
NMMC-173168
    
	
BRK-0047
    	
 
    	
321689
    	
 
    	
25
    	
 
    	
8020
    	
 
    	
NMMC-173169
    
	
BRK-0048
    	
 
    	
321690
    	
 
    	
25
    	
 
    	
8021
    	
 
    	
NMMC-173170
    
	
BRK-0049
    	
 
    	
321691
    	
 
    	
25
    	
 
    	
8022
    	
 
    	
NMMC-173171
    
	
BRK-0050
    	
 
    	
321692
    	
 
    	
25
    	
 
    	
8023
    	
 
    	
NMMC-173172
    
	
BRK-0051
    	
 
    	
321693
    	
 
    	
25
    	
 
    	
8024
    	
 
    	
NMMC-173173
    
	
BRK-0052
    	
 
    	
321694
    	
 
    	
25
    	
 
    	
8025
    	
 
    	
NMMC-173174
    
	
BRK-0053
    	
 
    	
321695
    	
 
    	
25
    	
 
    	
8026
    	
 
    	
NMMC-173175
    
	
BRK-0054
    	
 
    	
321696
    	
 
    	
25
    	
 
    	
8027
    	
 
    	
NMMC-173176
    
	
Elizabeth-0009
    	
 
    	
337818
    	
 
    	
28
    	
 
    	
7919
    	
 
    	
NMMC-176522
    
	
ELK-0001
    	
 
    	
327746
    	
 
    	
27
    	
 
    	
7150
    	
 
    	
NMMC-174663
    
	
ELK-0002
    	
 
    	
327747
    	
 
    	
27
    	
 
    	
7151
    	
 
    	
NMMC-174664
    
	
ELK-0003
    	
 
    	
327748
    	
 
    	
27
    	
 
    	
7152
    	
 
    	
NMMC-174665
    
	
ELK-0004
    	
 
    	
327749
    	
 
    	
27
    	
 
    	
7153
    	
 
    	
NMMC-174666
    
	
ELK-0005
    	
 
    	
327750
    	
 
    	
27
    	
 
    	
7154
    	
 
    	
NMMC-174667
    
	
ELK-0006
    	
 
    	
327751
    	
 
    	
27
    	
 
    	
7155
    	
 
    	
NMMC-174668
    
	
ELK-0007
    	
 
    	
327752
    	
 
    	
27
    	
 
    	
7156
    	
 
    	
NMMC-174669
    

 

10

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
ELK-0008
    	
 
    	
327753
    	
 
    	
27
    	
 
    	
7157
    	
 
    	
NMMC-174670
    
	
ELK-0009
    	
 
    	
327754
    	
 
    	
27
    	
 
    	
7158
    	
 
    	
NMMC-174671
    
	
ELK-0010
    	
 
    	
327755
    	
 
    	
27
    	
 
    	
7159
    	
 
    	
NMMC-174672
    
	
ELK-0011
    	
 
    	
327756
    	
 
    	
27
    	
 
    	
7160
    	
 
    	
NMMC-174673
    
	
ELK-0012
    	
 
    	
327757
    	
 
    	
27
    	
 
    	
7161
    	
 
    	
NMMC-174674
    
	
ELK-0013
    	
 
    	
327758
    	
 
    	
27
    	
 
    	
7162
    	
 
    	
NMMC-174675
    
	
ELK-0014
    	
 
    	
327759
    	
 
    	
27
    	
 
    	
7163
    	
 
    	
NMMC-174676
    
	
ELK-0015
    	
 
    	
327760
    	
 
    	
27
    	
 
    	
7164
    	
 
    	
NMMC-174677
    
	
ELK-0016
    	
 
    	
327761
    	
 
    	
27
    	
 
    	
7165
    	
 
    	
NMMC-174678
    
	
ELK-0017
    	
 
    	
327762
    	
 
    	
27
    	
 
    	
7166
    	
 
    	
NMMC-174679
    
	
ELK-0018
    	
 
    	
327763
    	
 
    	
27
    	
 
    	
7167
    	
 
    	
NMMC-174680
    
	
ELK-0019
    	
 
    	
327764
    	
 
    	
27
    	
 
    	
7168
    	
 
    	
NMMC-174681
    
	
ELK-0020
    	
 
    	
327765
    	
 
    	
27
    	
 
    	
7169
    	
 
    	
NMMC-174682
    
	
ELK-0021
    	
 
    	
327766
    	
 
    	
27
    	
 
    	
7170
    	
 
    	
NMMC-174683
    
	
ELK-0022
    	
 
    	
327767
    	
 
    	
27
    	
 
    	
7171
    	
 
    	
NMMC-174684
    
	
ELK-0023
    	
 
    	
327768
    	
 
    	
27
    	
 
    	
7172
    	
 
    	
NMMC-174685
    
	
ELK-0024
    	
 
    	
327769
    	
 
    	
27
    	
 
    	
7173
    	
 
    	
NMMC-174686
    
	
ELK-0025
    	
 
    	
327770
    	
 
    	
27
    	
 
    	
7174
    	
 
    	
NMMC-174687
    
	
ELK-0026
    	
 
    	
327771
    	
 
    	
27
    	
 
    	
7175
    	
 
    	
NMMC-174688
    
	
ELK-0027
    	
 
    	
327772
    	
 
    	
27
    	
 
    	
7176
    	
 
    	
NMMC-174689
    
	
ELK-0028
    	
 
    	
327773
    	
 
    	
27
    	
 
    	
7177
    	
 
    	
NMMC-174690
    
	
ELK-0029
    	
 
    	
327774
    	
 
    	
27
    	
 
    	
7178
    	
 
    	
NMMC-174691
    
	
ELK-0030
    	
 
    	
327775
    	
 
    	
27
    	
 
    	
7179
    	
 
    	
NMMC-174692
    
	
ELK-0031
    	
 
    	
327776
    	
 
    	
27
    	
 
    	
7180
    	
 
    	
NMMC-174693
    
	
ELK-0032
    	
 
    	
327777
    	
 
    	
27
    	
 
    	
7181
    	
 
    	
NMMC-174694
    
	
ELK-0033
    	
 
    	
327778
    	
 
    	
27
    	
 
    	
7182
    	
 
    	
NMMC-174695
    
	
ELK-0034
    	
 
    	
327779
    	
 
    	
27
    	
 
    	
7183
    	
 
    	
NMMC-174696
    
	
ELK-0035
    	
 
    	
327780
    	
 
    	
27
    	
 
    	
7184
    	
 
    	
NMMC-174697
    
	
ELK-0036
    	
 
    	
327781
    	
 
    	
27
    	
 
    	
7185
    	
 
    	
NMMC-174698
    
	
ELK-0037
    	
 
    	
327782
    	
 
    	
27
    	
 
    	
7186
    	
 
    	
NMMC-174699
    
	
ELK-0038
    	
 
    	
327783
    	
 
    	
27
    	
 
    	
7187
    	
 
    	
NMMC-174700
    
	
ELK-0039
    	
 
    	
327784
    	
 
    	
27
    	
 
    	
7188
    	
 
    	
NMMC-174701
    
	
ELK-0040
    	
 
    	
327785
    	
 
    	
27
    	
 
    	
7189
    	
 
    	
NMMC-174702
    
	
ELK-0041
    	
 
    	
327786
    	
 
    	
27
    	
 
    	
7190
    	
 
    	
NMMC-174703
    
	
ELK-0042
    	
 
    	
327787
    	
 
    	
27
    	
 
    	
7191
    	
 
    	
NMMC-174704
    
	
ELK-0043
    	
 
    	
327788
    	
 
    	
27
    	
 
    	
7192
    	
 
    	
NMMC-174705
    
	
ELK-0044
    	
 
    	
327789
    	
 
    	
27
    	
 
    	
7193
    	
 
    	
NMMC-174706
    
	
ELK-0045
    	
 
    	
343853
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174707
    
	
ELK-0046
    	
 
    	
343854
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174708
    
	
ELK-0047
    	
 
    	
327792
    	
 
    	
27
    	
 
    	
7196
    	
 
    	
NMMC-174709
    
	
ELK-0048
    	
 
    	
327793
    	
 
    	
27
    	
 
    	
7197
    	
 
    	
NMMC-174710
    
	
ELK-0049
    	
 
    	
327794
    	
 
    	
27
    	
 
    	
7198
    	
 
    	
NMMC-174711
    
	
ELK-0050
    	
 
    	
327795
    	
 
    	
27
    	
 
    	
7199
    	
 
    	
NMMC-174712
    

 

11

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
ELK-0051
    	
 
    	
327796
    	
 
    	
27
    	
 
    	
7200
    	
 
    	
NMMC-174713
    
	
ELK-0052
    	
 
    	
327797
    	
 
    	
27
    	
 
    	
7201
    	
 
    	
NMMC-174714
    
	
ELK-0053
    	
 
    	
327798
    	
 
    	
27
    	
 
    	
7202
    	
 
    	
NMMC-174715
    
	
ELK-0054
    	
 
    	
327799
    	
 
    	
27
    	
 
    	
7203
    	
 
    	
NMMC-174716
    
	
ELK-0060
    	
 
    	
326691
    	
 
    	
27
    	
 
    	
3811
    	
 
    	
NMMC-174630
    
	
ELK-0062
    	
 
    	
326672
    	
 
    	
27
    	
 
    	
3792
    	
 
    	
NMMC-174611
    
	
ELK-0063
    	
 
    	
343855
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174723
    
	
ELK-0064
    	
 
    	
343856
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174724
    
	
ELK-0065
    	
 
    	
343857
    	
 
    	
27
    	
 
    	
1
    	
 
    	
NMMC-174725
    
	
ELK-0066
    	
 
    	
343858
    	
 
    	
27
    	
 
    	
2
    	
 
    	
NMMC-174726
    
	
ELK-0067
    	
 
    	
343859
    	
 
    	
27
    	
 
    	
3
    	
 
    	
NMMC-174727
    
	
ELK-0068
    	
 
    	
343860
    	
 
    	
27
    	
 
    	
4
    	
 
    	
NMMC-174728
    
	
ELK-0069
    	
 
    	
343861
    	
 
    	
27
    	
 
    	
5
    	
 
    	
NMMC-174729
    
	
ELK-0070
    	
 
    	
343862
    	
 
    	
27
    	
 
    	
6
    	
 
    	
NMMC-174730
    
	
ELK-0071
    	
 
    	
343863
    	
 
    	
27
    	
 
    	
7
    	
 
    	
NMMC-174731
    
	
ELK-0072
    	
 
    	
343864
    	
 
    	
27
    	
 
    	
8
    	
 
    	
NMMC-174732
    
	
ELK-0073
    	
 
    	
327906
    	
 
    	
27
    	
 
    	
7571
    	
 
    	
NMMC-174733
    
	
ELK-0074
    	
 
    	
327907
    	
 
    	
27
    	
 
    	
7572
    	
 
    	
NMMC-174734
    
	
ELK-0075
    	
 
    	
327908
    	
 
    	
27
    	
 
    	
7573
    	
 
    	
NMMC-174735
    
	
ELK-0076
    	
 
    	
327909
    	
 
    	
27
    	
 
    	
7574
    	
 
    	
NMMC-174736
    
	
ELK-0077
    	
 
    	
327910
    	
 
    	
27
    	
 
    	
7575
    	
 
    	
NMMC-174737
    
	
ELK-0078
    	
 
    	
327911
    	
 
    	
27
    	
 
    	
7576
    	
 
    	
NMMC-174738
    
	
ELK-0079
    	
 
    	
327912
    	
 
    	
27
    	
 
    	
7577
    	
 
    	
NMMC-174739
    
	
ELK-0080
    	
 
    	
327913
    	
 
    	
27
    	
 
    	
7578
    	
 
    	
NMMC-174740
    
	
ELK-0081
    	
 
    	
327914
    	
 
    	
27
    	
 
    	
7579
    	
 
    	
NMMC-174741
    
	
ELK-0082
    	
 
    	
327915
    	
 
    	
27
    	
 
    	
7580
    	
 
    	
NMMC-174742
    
	
ELK-0083
    	
 
    	
327916
    	
 
    	
27
    	
 
    	
7581
    	
 
    	
NMMC-174743
    
	
ELK-0084
    	
 
    	
327917
    	
 
    	
27
    	
 
    	
7582
    	
 
    	
NMMC-174744
    
	
ELK-0085
    	
 
    	
327918
    	
 
    	
27
    	
 
    	
7583
    	
 
    	
NMMC-174745
    
	
ELK-0086
    	
 
    	
327919
    	
 
    	
27
    	
 
    	
7584
    	
 
    	
NMMC-174746
    
	
ELK-0087
    	
 
    	
327920
    	
 
    	
27
    	
 
    	
7585
    	
 
    	
NMMC-174747
    
	
ELK-0088
    	
 
    	
327921
    	
 
    	
27
    	
 
    	
7586
    	
 
    	
NMMC-174748
    
	
ELK-0089
    	
 
    	
327922
    	
 
    	
27
    	
 
    	
7587
    	
 
    	
NMMC-174749
    
	
ELK-0090
    	
 
    	
327923
    	
 
    	
27
    	
 
    	
7588
    	
 
    	
NMMC-174750
    
	
ELK-0091
    	
 
    	
327924
    	
 
    	
27
    	
 
    	
7589
    	
 
    	
NMMC-174751
    
	
ELK-0092
    	
 
    	
327925
    	
 
    	
27
    	
 
    	
7590
    	
 
    	
NMMC-174752
    
	
ELK-0093
    	
 
    	
327926
    	
 
    	
27
    	
 
    	
7591
    	
 
    	
NMMC-174753
    
	
ELK-0094
    	
 
    	
327927
    	
 
    	
27
    	
 
    	
7592
    	
 
    	
NMMC-174754
    
	
ELK-0095
    	
 
    	
327928
    	
 
    	
27
    	
 
    	
7593
    	
 
    	
NMMC-174755
    
	
ELK-0096
    	
 
    	
327929
    	
 
    	
27
    	
 
    	
7594
    	
 
    	
NMMC-174756
    
	
ELK-0097
    	
 
    	
327930
    	
 
    	
27
    	
 
    	
7595
    	
 
    	
NMMC-174757
    
	
ELK-0098
    	
 
    	
327931
    	
 
    	
27
    	
 
    	
7596
    	
 
    	
NMMC-174758
    
	
ELK-0099
    	
 
    	
327932
    	
 
    	
27
    	
 
    	
7597
    	
 
    	
NMMC-174759
    

 

12

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
ELK-0100
    	
 
    	
327933
    	
 
    	
27
    	
 
    	
7598
    	
 
    	
NMMC-174760
    
	
ELK-0101
    	
 
    	
327934
    	
 
    	
27
    	
 
    	
7599
    	
 
    	
NMMC-174761
    
	
ELK-0102
    	
 
    	
327935
    	
 
    	
27
    	
 
    	
7600
    	
 
    	
NMMC-174762
    
	
ELK-0103
    	
 
    	
327936
    	
 
    	
27
    	
 
    	
7601
    	
 
    	
NMMC-174763
    
	
ELK-0104
    	
 
    	
327937
    	
 
    	
27
    	
 
    	
7602
    	
 
    	
NMMC-174764
    
	
ELK-0105
    	
 
    	
327938
    	
 
    	
27
    	
 
    	
7603
    	
 
    	
NMMC-174765
    
	
ELK-0106
    	
 
    	
327939
    	
 
    	
27
    	
 
    	
7604
    	
 
    	
NMMC-174766
    
	
ELK-0107
    	
 
    	
327940
    	
 
    	
27
    	
 
    	
7605
    	
 
    	
NMMC-174767
    
	
ELK-0108
    	
 
    	
327941
    	
 
    	
27
    	
 
    	
7606
    	
 
    	
NMMC-174768
    
	
Endy-0001
    	
 
    	
316029
    	
 
    	
23
    	
 
    	
8024
    	
 
    	
NMMC-0171172
    
	
Endy-0002
    	
 
    	
316030
    	
 
    	
23
    	
 
    	
8025
    	
 
    	
NMMC-0171173
    
	
Endy-0003
    	
 
    	
316031
    	
 
    	
23
    	
 
    	
8026
    	
 
    	
NMMC-0171174
    
	
Endy-0004
    	
 
    	
316032
    	
 
    	
23
    	
 
    	
8027
    	
 
    	
NMMC-0171175
    
	
Endy-0005
    	
 
    	
316033
    	
 
    	
23
    	
 
    	
8028
    	
 
    	
NMMC-0171176
    
	
Endy-0006
    	
 
    	
316034
    	
 
    	
23
    	
 
    	
8029
    	
 
    	
NMMC-0171177
    
	
Endy-0008
    	
 
    	
316035
    	
 
    	
23
    	
 
    	
8030
    	
 
    	
NMMC-0171178
    
	
Endy-0009
    	
 
    	
316036
    	
 
    	
23
    	
 
    	
8031
    	
 
    	
NMMC-0171179
    
	
Endy-0010
    	
 
    	
316037
    	
 
    	
23
    	
 
    	
8032
    	
 
    	
NMMC-0171180
    
	
Endy-0011
    	
 
    	
316038
    	
 
    	
23
    	
 
    	
8033
    	
 
    	
NMMC-0171181
    
	
Endy-0012
    	
 
    	
316039
    	
 
    	
23
    	
 
    	
8034
    	
 
    	
NMMC-0171182
    
	
Endy-0014
    	
 
    	
316040
    	
 
    	
23
    	
 
    	
8035
    	
 
    	
NMMC-0171183
    
	
Endy-0015
    	
 
    	
316041
    	
 
    	
23
    	
 
    	
8036
    	
 
    	
NMMC-0171184
    
	
Endy-0016
    	
 
    	
316042
    	
 
    	
23
    	
 
    	
8037
    	
 
    	
NMMC-0171185
    
	
Endy-0017
    	
 
    	
316043
    	
 
    	
23
    	
 
    	
8038
    	
 
    	
NMMC-0171186
    
	
Endy-0018
    	
 
    	
316044
    	
 
    	
23
    	
 
    	
8039
    	
 
    	
NMMC-0171187
    
	
Endy-0019
    	
 
    	
316045
    	
 
    	
23
    	
 
    	
8040
    	
 
    	
NMMC-0171188
    
	
Endy-0020
    	
 
    	
316046
    	
 
    	
23
    	
 
    	
8041
    	
 
    	
NMMC-0171189
    
	
Endy-0021
    	
 
    	
316047
    	
 
    	
23
    	
 
    	
8042
    	
 
    	
NMMC-0171190
    
	
Endy-0022
    	
 
    	
316048
    	
 
    	
23
    	
 
    	
8043
    	
 
    	
NMMC-0171191
    
	
Endy-0023
    	
 
    	
316049
    	
 
    	
23
    	
 
    	
8044
    	
 
    	
NMMC-0171192
    
	
Endy-0024
    	
 
    	
316050
    	
 
    	
23
    	
 
    	
8045
    	
 
    	
NMMC-0171193
    
	
Endy-0025
    	
 
    	
316051
    	
 
    	
23
    	
 
    	
8046
    	
 
    	
NMMC-0171194
    
	
Endy-0026
    	
 
    	
316052
    	
 
    	
23
    	
 
    	
8047
    	
 
    	
NMMC-0171195
    
	
Endy-0027
    	
 
    	
316053
    	
 
    	
23
    	
 
    	
8048
    	
 
    	
NMMC-0171196
    
	
Endy-0028
    	
 
    	
316054
    	
 
    	
23
    	
 
    	
8049
    	
 
    	
NMMC-0171197
    
	
Endy-0029
    	
 
    	
316055
    	
 
    	
23
    	
 
    	
8050
    	
 
    	
NMMC-0171198
    
	
Endy-0030
    	
 
    	
316056
    	
 
    	
23
    	
 
    	
8051
    	
 
    	
NMMC-0171199
    
	
Endy-0031
    	
 
    	
316057
    	
 
    	
23
    	
 
    	
8052
    	
 
    	
NMMC-0171200
    
	
Endy-0032
    	
 
    	
316058
    	
 
    	
23
    	
 
    	
8053
    	
 
    	
NMMC-0171201
    

 

13

 

	
Endy-0033
    	
 
    	
316059
    	
 
    	
23
    	
 
    	
8054
    	
 
    	
NMMC-0171202
    

 

14

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
Endy-0077
    	
 
    	
316103
    	
 
    	
23
    	
 
    	
8098
    	
 
    	
NMMC-0171246
    
	
Endy-0078
    	
 
    	
316104
    	
 
    	
23
    	
 
    	
8099
    	
 
    	
NMMC-0171247
    
	
Endy-0079
    	
 
    	
316105
    	
 
    	
23
    	
 
    	
8100
    	
 
    	
NMMC-0171248
    
	
Endy-0080
    	
 
    	
316106
    	
 
    	
23
    	
 
    	
8101
    	
 
    	
NMMC-0171249
    
	
Endy-0081
    	
 
    	
316107
    	
 
    	
23
    	
 
    	
8102
    	
 
    	
NMMC-0171250
    
	
Endy-0082
    	
 
    	
316108
    	
 
    	
23
    	
 
    	
8103
    	
 
    	
NMMC-0171251
    
	
Endy-0083
    	
 
    	
316109
    	
 
    	
23
    	
 
    	
8104
    	
 
    	
NMMC-0171252
    
	
Endy-0084
    	
 
    	
316110
    	
 
    	
23
    	
 
    	
8105
    	
 
    	
NMMC-0171253
    
	
Endy-0085
    	
 
    	
316111
    	
 
    	
23
    	
 
    	
8106
    	
 
    	
NMMC-0171254
    
	
Endy-0086
    	
 
    	
316112
    	
 
    	
23
    	
 
    	
8107
    	
 
    	
NMMC-0171255
    
	
Endy-0087
    	
 
    	
316113
    	
 
    	
23
    	
 
    	
8108
    	
 
    	
NMMC-0171256
    
	
Endy-0088
    	
 
    	
316114
    	
 
    	
23
    	
 
    	
8109
    	
 
    	
NMMC-0171257
    
	
Endy-0089
    	
 
    	
316115
    	
 
    	
23
    	
 
    	
8110
    	
 
    	
NMMC-0171258
    
	
Endy-0090
    	
 
    	
316116
    	
 
    	
23
    	
 
    	
8111
    	
 
    	
NMMC-0171259
    
	
Endy-0091
    	
 
    	
316117
    	
 
    	
23
    	
 
    	
8112
    	
 
    	
NMMC-0171260
    
	
Endy-0092
    	
 
    	
316118
    	
 
    	
23
    	
 
    	
8113
    	
 
    	
NMMC-0171261
    
	
Endy-0093
    	
 
    	
316119
    	
 
    	
23
    	
 
    	
8114
    	
 
    	
NMMC-0171262
    
	
Endy-0094
    	
 
    	
316120
    	
 
    	
23
    	
 
    	
8115
    	
 
    	
NMMC-0171263
    
	
Endy-0095
    	
 
    	
316121
    	
 
    	
23
    	
 
    	
8116
    	
 
    	
NMMC-0171264
    
	
Endy-0096
    	
 
    	
316122
    	
 
    	
23
    	
 
    	
8117
    	
 
    	
NMMC-0171265
    
	
Endy-0097
    	
 
    	
316123
    	
 
    	
23
    	
 
    	
8118
    	
 
    	
NMMC-0171266
    
	
Endy-0098
    	
 
    	
316124
    	
 
    	
23
    	
 
    	
8119
    	
 
    	
NMMC-0171267
    
	
Endy-0104
    	
 
    	
316125
    	
 
    	
23
    	
 
    	
8120
    	
 
    	
NMMC-0171268
    
	
Endy-0105
    	
 
    	
316126
    	
 
    	
23
    	
 
    	
8121
    	
 
    	
NMMC-0171269
    
	
Endy-0112
    	
 
    	
316127
    	
 
    	
23
    	
 
    	
8122
    	
 
    	
NMMC-0171270
    
	
Endy-0122
    	
 
    	
316128
    	
 
    	
23
    	
 
    	
8123
    	
 
    	
NMMC-0171271
    
	
Endy-0123
    	
 
    	
316129
    	
 
    	
23
    	
 
    	
8124
    	
 
    	
NMMC-0171272
    
	
Endy-0124
    	
 
    	
316130
    	
 
    	
23
    	
 
    	
8125
    	
 
    	
NMMC-0171273
    
	
Endy-0125
    	
 
    	
316131
    	
 
    	
23
    	
 
    	
8126
    	
 
    	
NMMC-0171274
    
	
Endy-0126
    	
 
    	
316132
    	
 
    	
23
    	
 
    	
8127
    	
 
    	
NMMC-0171275
    
	
Endy-0127
    	
 
    	
316133
    	
 
    	
23
    	
 
    	
8128
    	
 
    	
NMMC-0171276
    
	
Endy-0128
    	
 
    	
316134
    	
 
    	
23
    	
 
    	
8129
    	
 
    	
NMMC-0171277
    
	
Endy-0129
    	
 
    	
316135
    	
 
    	
23
    	
 
    	
8130
    	
 
    	
NMMC-0171278
    
	
Endy-0130
    	
 
    	
316136
    	
 
    	
23
    	
 
    	
8131
    	
 
    	
NMMC-0171279
    
	
Endy-0131
    	
 
    	
316137
    	
 
    	
23
    	
 
    	
8132
    	
 
    	
NMMC-0171280
    
	
Endy-0132
    	
 
    	
316138
    	
 
    	
23
    	
 
    	
8133
    	
 
    	
NMMC-0171281
    
	
Endy-0133
    	
 
    	
316139
    	
 
    	
23
    	
 
    	
8134
    	
 
    	
NMMC-0171282
    
	
Endy-0134
    	
 
    	
316140
    	
 
    	
23
    	
 
    	
8135
    	
 
    	
NMMC-0171283
    
	
Endy-0135
    	
 
    	
316141
    	
 
    	
23
    	
 
    	
8136
    	
 
    	
NMMC-0171284
    
	
Endy-0136
    	
 
    	
316142
    	
 
    	
23
    	
 
    	
8137
    	
 
    	
NMMC-0171285
    
	
Endy-0137
    	
 
    	
316143
    	
 
    	
23
    	
 
    	
8138
    	
 
    	
NMMC-0171286
    
	
Endy-0138
    	
 
    	
316144
    	
 
    	
23
    	
 
    	
8139
    	
 
    	
NMMC-0171287
    
	
Endy-0139
    	
 
    	
316145
    	
 
    	
23
    	
 
    	
8140
    	
 
    	
NMMC-0171288
    

 

15

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
Endy-0140
    	
 
    	
316146
    	
 
    	
23
    	
 
    	
8141
    	
 
    	
NMMC-0171289
    
	
Endy-0141
    	
 
    	
316147
    	
 
    	
23
    	
 
    	
8142
    	
 
    	
NMMC-0171290
    
	
Endy-0142
    	
 
    	
316148
    	
 
    	
23
    	
 
    	
8143
    	
 
    	
NMMC-0171291
    
	
Endy-0143
    	
 
    	
316149
    	
 
    	
23
    	
 
    	
8144
    	
 
    	
NMMC-0171292
    
	
Endy-0144
    	
 
    	
316150
    	
 
    	
23
    	
 
    	
8145
    	
 
    	
NMMC-0171293
    
	
Endy-0145
    	
 
    	
316151
    	
 
    	
23
    	
 
    	
8146
    	
 
    	
NMMC-0171294
    
	
Endy-0146
    	
 
    	
316152
    	
 
    	
23
    	
 
    	
8147
    	
 
    	
NMMC-0171295
    
	
Endy-0147
    	
 
    	
316153
    	
 
    	
23
    	
 
    	
8148
    	
 
    	
NMMC-0171296
    
	
Endy-0148
    	
 
    	
316154
    	
 
    	
23
    	
 
    	
8149
    	
 
    	
NMMC-0171297
    
	
Endy-0149
    	
 
    	
316155
    	
 
    	
23
    	
 
    	
8150
    	
 
    	
NMMC-0171298
    
	
Endy-0150
    	
 
    	
316156
    	
 
    	
23
    	
 
    	
8151
    	
 
    	
NMMC-0171299
    
	
Endy-0151
    	
 
    	
316157
    	
 
    	
23
    	
 
    	
8152
    	
 
    	
NMMC-0171300
    
	
Endy-0152
    	
 
    	
316158
    	
 
    	
23
    	
 
    	
8153
    	
 
    	
NMMC-0171301
    
	
Endy-0153
    	
 
    	
316159
    	
 
    	
23
    	
 
    	
8154
    	
 
    	
NMMC-0171302
    
	
Endy-0154
    	
 
    	
316160
    	
 
    	
23
    	
 
    	
8155
    	
 
    	
NMMC-0171303
    
	
Endy-0155
    	
 
    	
316161
    	
 
    	
23
    	
 
    	
8156
    	
 
    	
NMMC-0171304
    
	
Endy-0156
    	
 
    	
316162
    	
 
    	
23
    	
 
    	
8157
    	
 
    	
NMMC-0171305
    
	
Endy-0157
    	
 
    	
316163
    	
 
    	
23
    	
 
    	
8158
    	
 
    	
NMMC-0171306
    
	
Endy-0158
    	
 
    	
316164
    	
 
    	
23
    	
 
    	
8159
    	
 
    	
NMMC-0171307
    
	
Endy-0159
    	
 
    	
316165
    	
 
    	
23
    	
 
    	
8160
    	
 
    	
NMMC-0171308
    
	
Endy-0160
    	
 
    	
316166
    	
 
    	
23
    	
 
    	
8161
    	
 
    	
NMMC-0171309
    
	
Endy-0161
    	
 
    	
316167
    	
 
    	
23
    	
 
    	
8162
    	
 
    	
NMMC-0171310
    
	
Endy-0162
    	
 
    	
316168
    	
 
    	
23
    	
 
    	
8163
    	
 
    	
NMMC-0171311
    
	
Endy-0163
    	
 
    	
316169
    	
 
    	
23
    	
 
    	
8164
    	
 
    	
NMMC-0171312
    
	
Endy-0164
    	
 
    	
316170
    	
 
    	
23
    	
 
    	
8165
    	
 
    	
NMMC-0171313
    
	
Endy-0165
    	
 
    	
316171
    	
 
    	
23
    	
 
    	
8166
    	
 
    	
NMMC-0171314
    
	
Endy-0166
    	
 
    	
316172
    	
 
    	
23
    	
 
    	
8167
    	
 
    	
NMMC-0171315
    
	
Endy-0167
    	
 
    	
316173
    	
 
    	
23
    	
 
    	
8168
    	
 
    	
NMMC-0171316
    
	
Endy-0168
    	
 
    	
316174
    	
 
    	
23
    	
 
    	
8169
    	
 
    	
NMMC-0171317
    
	
Endy-0169
    	
 
    	
316175
    	
 
    	
23
    	
 
    	
8170
    	
 
    	
NMMC-0171318
    
	
Endy-0170
    	
 
    	
316176
    	
 
    	
23
    	
 
    	
8171
    	
 
    	
NMMC-0171319
    
	
Endy-0171
    	
 
    	
316177
    	
 
    	
23
    	
 
    	
8172
    	
 
    	
NMMC-0171320
    
	
Endy-0172
    	
 
    	
316178
    	
 
    	
23
    	
 
    	
8173
    	
 
    	
NMMC-0171321
    
	
Endy-0173
    	
 
    	
316179
    	
 
    	
23
    	
 
    	
8174
    	
 
    	
NMMC-0171322
    
	
Endy-0174
    	
 
    	
316180
    	
 
    	
23
    	
 
    	
8175
    	
 
    	
NMMC-0171323
    
	
Endy-0175
    	
 
    	
316181
    	
 
    	
23
    	
 
    	
8176
    	
 
    	
NMMC-0171324
    
	
Endy-0176
    	
 
    	
316182
    	
 
    	
23
    	
 
    	
8177
    	
 
    	
NMMC-0171325
    
	
Endy-0177
    	
 
    	
316183
    	
 
    	
23
    	
 
    	
8178
    	
 
    	
NMMC-0171326
    
	
Endy-0178
    	
 
    	
316184
    	
 
    	
23
    	
 
    	
8179
    	
 
    	
NMMC-0171327
    
	
Endy-0179
    	
 
    	
316185
    	
 
    	
23
    	
 
    	
8180
    	
 
    	
NMMC-0171328
    
	
Endy-0180
    	
 
    	
316186
    	
 
    	
23
    	
 
    	
8181
    	
 
    	
NMMC-0171329
    
	
Endy-0181
    	
 
    	
316187
    	
 
    	
23
    	
 
    	
8182
    	
 
    	
NMMC-0171330
    
	
Endy-0182
    	
 
    	
316188
    	
 
    	
23
    	
 
    	
8183
    	
 
    	
NMMC-0171331
    

 

16

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
Endy-0183
    	
 
    	
316189
    	
 
    	
23
    	
 
    	
8184
    	
 
    	
NMMC-0171332
    
	
Endy-0184
    	
 
    	
316190
    	
 
    	
23
    	
 
    	
8185
    	
 
    	
NMMC-0171333
    
	
GIL-0003
    	
 
    	
322907
    	
 
    	
26
    	
 
    	
1951
    	
 
    	
NMMC-173422
    
	
GIL-0004
    	
 
    	
322908
    	
 
    	
26
    	
 
    	
1952
    	
 
    	
NMMC-173423
    
	
GIL-0005
    	
 
    	
322909
    	
 
    	
26
    	
 
    	
1953
    	
 
    	
NMMC-173424
    
	
GIL-0006
    	
 
    	
322910
    	
 
    	
26
    	
 
    	
1954
    	
 
    	
NMMC-173425
    
	
GIL-0007
    	
 
    	
322911
    	
 
    	
26
    	
 
    	
1955
    	
 
    	
NMMC-173426
    
	
GIL-0009
    	
 
    	
322912
    	
 
    	
26
    	
 
    	
1956
    	
 
    	
NMMC-173427
    
	
GIL-0010
    	
 
    	
322913
    	
 
    	
26
    	
 
    	
1957
    	
 
    	
NMMC-173428
    
	
GIL-0011
    	
 
    	
322914
    	
 
    	
26
    	
 
    	
1958
    	
 
    	
NMMC-173429
    
	
GIL-0012
    	
 
    	
322915
    	
 
    	
26
    	
 
    	
1959
    	
 
    	
NMMC-173430
    
	
GIL-0013
    	
 
    	
322916
    	
 
    	
26
    	
 
    	
1960
    	
 
    	
NMMC-173431
    
	
GIL-0014
    	
 
    	
322917
    	
 
    	
26
    	
 
    	
1961
    	
 
    	
NMMC-173432
    
	
GIL-0015
    	
 
    	
322918
    	
 
    	
26
    	
 
    	
1962
    	
 
    	
NMMC-173433
    
	
GIL-0016
    	
 
    	
322919
    	
 
    	
26
    	
 
    	
1963
    	
 
    	
NMMC-173434
    
	
GIL-0017
    	
 
    	
322920
    	
 
    	
26
    	
 
    	
1964
    	
 
    	
NMMC-173435
    
	
GIL-0018
    	
 
    	
322921
    	
 
    	
26
    	
 
    	
1965
    	
 
    	
NMMC-173436
    
	
GIL-0019
    	
 
    	
322922
    	
 
    	
26
    	
 
    	
1966
    	
 
    	
NMMC-173437
    
	
GIL-0020
    	
 
    	
322923
    	
 
    	
26
    	
 
    	
1967
    	
 
    	
NMMC-173438
    
	
GIL-0021
    	
 
    	
322924
    	
 
    	
26
    	
 
    	
1968
    	
 
    	
NMMC-173439
    
	
GIL-0023
    	
 
    	
322925
    	
 
    	
26
    	
 
    	
1969
    	
 
    	
NMMC-174454
    
	
PTI-0001
    	
 
    	
326579
    	
 
    	
27
    	
 
    	
3699
    	
 
    	
NMMC-174518
    
	
PTI-0002
    	
 
    	
326580
    	
 
    	
27
    	
 
    	
3700
    	
 
    	
NMMC-174519
    
	
PTI-0003
    	
 
    	
326581
    	
 
    	
27
    	
 
    	
3701
    	
 
    	
NMMC-174520
    
	
PTI-0004
    	
 
    	
326582
    	
 
    	
27
    	
 
    	
3702
    	
 
    	
NMMC-174521
    
	
PTI-0005
    	
 
    	
326583
    	
 
    	
27
    	
 
    	
3703
    	
 
    	
NMMC-174522
    
	
PTI-0006
    	
 
    	
326584
    	
 
    	
27
    	
 
    	
3704
    	
 
    	
NMMC-174523
    
	
PTI-0007
    	
 
    	
326585
    	
 
    	
27
    	
 
    	
3705
    	
 
    	
NMMC-174524
    
	
PTI-0008
    	
 
    	
326587
    	
 
    	
27
    	
 
    	
3707
    	
 
    	
NMMC-174525
    
	
PTI-0009
    	
 
    	
326589
    	
 
    	
27
    	
 
    	
3709
    	
 
    	
NMMC-174526
    
	
PTI-0010
    	
 
    	
326586
    	
 
    	
27
    	
 
    	
3706
    	
 
    	
NMMC-174527
    
	
PTI-0011
    	
 
    	
326590
    	
 
    	
27
    	
 
    	
3710
    	
 
    	
NMMC-174528
    
	
PTI-0012
    	
 
    	
326588
    	
 
    	
27
    	
 
    	
3708
    	
 
    	
NMMC-174529
    
	
PTI-0013
    	
 
    	
326595
    	
 
    	
27
    	
 
    	
3715
    	
 
    	
NMMC-174534
    
	
PTI-0014
    	
 
    	
326594
    	
 
    	
27
    	
 
    	
3714
    	
 
    	
NMMC-174533
    
	
PTI-0015
    	
 
    	
326593
    	
 
    	
27
    	
 
    	
3713
    	
 
    	
NMMC-174532
    
	
PTI-0016
    	
 
    	
326592
    	
 
    	
27
    	
 
    	
3712
    	
 
    	
NMMC-174531
    
	
PTI-0017
    	
 
    	
326591
    	
 
    	
27
    	
 
    	
3711
    	
 
    	
NMMC-174530
    
	
PTI-0018
    	
 
    	
326604
    	
 
    	
27
    	
 
    	
3724
    	
 
    	
NMMC-174543
    
	
PTI-0019
    	
 
    	
326603
    	
 
    	
27
    	
 
    	
3723
    	
 
    	
NMMC-174542
    
	
PTI-0020
    	
 
    	
326602
    	
 
    	
27
    	
 
    	
3722
    	
 
    	
NMMC-174541
    
	
PTI-0026
    	
 
    	
326202
    	
 
    	
27
    	
 
    	
2446
    	
 
    	
NMMC-174465
    
	
PTI-0027
    	
 
    	
326203
    	
 
    	
27
    	
 
    	
2447
    	
 
    	
NMMC-174466
    

 

17

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
PTI-0028
    	
 
    	
326204
    	
 
    	
27
    	
 
    	
2448
    	
 
    	
NMMC-174467
    
	
PTI-0029
    	
 
    	
326205
    	
 
    	
27
    	
 
    	
2449
    	
 
    	
NMMC-174468
    
	
PTI-0030
    	
 
    	
326206
    	
 
    	
27
    	
 
    	
2450
    	
 
    	
NMMC-174469
    
	
PTI-0031
    	
 
    	
326207
    	
 
    	
27
    	
 
    	
2451
    	
 
    	
NMMC-174470
    
	
PTI-0032
    	
 
    	
326208
    	
 
    	
27
    	
 
    	
2452
    	
 
    	
NMMC-174471
    
	
PTI-0033
    	
 
    	
326209
    	
 
    	
27
    	
 
    	
2453
    	
 
    	
NMMC-174472
    
	
PTI-0034
    	
 
    	
326210
    	
 
    	
27
    	
 
    	
2454
    	
 
    	
NMMC-174473
    
	
PTI-0035
    	
 
    	
326211
    	
 
    	
27
    	
 
    	
2455
    	
 
    	
NMMC-174474
    
	
PTI-0036
    	
 
    	
326212
    	
 
    	
27
    	
 
    	
2456
    	
 
    	
NMMC-174475
    
	
PTI-0037
    	
 
    	
326213
    	
 
    	
27
    	
 
    	
2457
    	
 
    	
NMMC-174476
    
	
PTI-0038
    	
 
    	
343816
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174540
    
	
PTI-0039
    	
 
    	
343817
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174539
    
	
PTI-0040
    	
 
    	
343818
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174538
    
	
PTI-0041
    	
 
    	
343819
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174537
    
	
PTI-0042
    	
 
    	
343820
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174536
    
	
PTI-0043
    	
 
    	
343821
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174535
    
	
PTI-0044
    	
 
    	
343822
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174549
    
	
PTI-0045
    	
 
    	
343823
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174548
    
	
PTI-0046
    	
 
    	
343824
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174547
    
	
PTI-0047
    	
 
    	
343825
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174546
    
	
PTI-0048
    	
 
    	
343826
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174545
    
	
PTI-0049
    	
 
    	
326605
    	
 
    	
27
    	
 
    	
3725
    	
 
    	
NMMC-174544
    
	
PTI-0050
    	
 
    	
343827
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174555
    
	
PTI-0051
    	
 
    	
326613
    	
 
    	
27
    	
 
    	
3733
    	
 
    	
NMMC-174552
    
	
PTI-0052
    	
 
    	
343828
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174554
    
	
PTI-0053
    	
 
    	
326614
    	
 
    	
27
    	
 
    	
3734
    	
 
    	
NMMC-174553
    
	
PTI-0054
    	
 
    	
343829
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174551
    
	
PTI-0055
    	
 
    	
326611
    	
 
    	
27
    	
 
    	
3731
    	
 
    	
NMMC-174550
    
	
PTI-0056
    	
 
    	
343830
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174563
    
	
PTI-0057
    	
 
    	
326623
    	
 
    	
27
    	
 
    	
3743
    	
 
    	
NMMC-174562
    
	
PTI-0058
    	
 
    	
343831
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174561
    
	
PTI-0059
    	
 
    	
326621
    	
 
    	
27
    	
 
    	
3741
    	
 
    	
NMMC-174560
    
	
PTI-0060
    	
 
    	
343832
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174559
    
	
PTI-0061
    	
 
    	
326619
    	
 
    	
27
    	
 
    	
3739
    	
 
    	
NMMC-174558
    
	
PTI-0062
    	
 
    	
343833
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174557
    
	
PTI-0063
    	
 
    	
326617
    	
 
    	
27
    	
 
    	
3737
    	
 
    	
NMMC-174556
    
	
PTI-0064
    	
 
    	
343834
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174570
    
	
PTI-0065
    	
 
    	
326630
    	
 
    	
27
    	
 
    	
3750
    	
 
    	
NMMC-174569
    
	
PTI-0066
    	
 
    	
326629
    	
 
    	
27
    	
 
    	
3749
    	
 
    	
NMMC-174568
    
	
PTI-0067
    	
 
    	
326628
    	
 
    	
27
    	
 
    	
3748
    	
 
    	
NMMC-174567
    
	
PTI-0068
    	
 
    	
326627
    	
 
    	
27
    	
 
    	
3747
    	
 
    	
NMMC-174566
    
	
PTI-0069
    	
 
    	
326626
    	
 
    	
27
    	
 
    	
3746
    	
 
    	
NMMC-174565
    
	
PTI-0070
    	
 
    	
326625
    	
 
    	
27
    	
 
    	
3745
    	
 
    	
NMMC-174564
    

 

18

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
PTI-0071
    	
 
    	
326640
    	
 
    	
27
    	
 
    	
3760
    	
 
    	
NMMC-174579
    
	
PTI-0072
    	
 
    	
326639
    	
 
    	
27
    	
 
    	
3759
    	
 
    	
NMMC-174578
    
	
PTI-0073
    	
 
    	
326638
    	
 
    	
27
    	
 
    	
3758
    	
 
    	
NMMC-174577
    
	
PTI-0074
    	
 
    	
326637
    	
 
    	
27
    	
 
    	
3757
    	
 
    	
NMMC-174576
    
	
PTI-0075
    	
 
    	
326636
    	
 
    	
27
    	
 
    	
3756
    	
 
    	
NMMC-174575
    
	
PTI-0076
    	
 
    	
326635
    	
 
    	
27
    	
 
    	
3755
    	
 
    	
NMMC-174574
    
	
PTI-0077
    	
 
    	
326634
    	
 
    	
27
    	
 
    	
3754
    	
 
    	
NMMC-174573
    
	
PTI-0078
    	
 
    	
326633
    	
 
    	
27
    	
 
    	
3753
    	
 
    	
NMMC-174572
    
	
PTI-0079
    	
 
    	
326632
    	
 
    	
27
    	
 
    	
3752
    	
 
    	
NMMC-174571
    
	
PTI-0080
    	
 
    	
326655
    	
 
    	
27
    	
 
    	
3775
    	
 
    	
NMMC-174594
    
	
PTI-0081
    	
 
    	
326654
    	
 
    	
27
    	
 
    	
3774
    	
 
    	
NMMC-174593
    
	
PTI-0082
    	
 
    	
326653
    	
 
    	
27
    	
 
    	
3773
    	
 
    	
NMMC-174592
    
	
PTI-0083
    	
 
    	
326652
    	
 
    	
27
    	
 
    	
3772
    	
 
    	
NMMC-174591
    
	
PTI-0084
    	
 
    	
326651
    	
 
    	
27
    	
 
    	
3771
    	
 
    	
NMMC-174590
    
	
PTI-0085
    	
 
    	
343835
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174589
    
	
PTI-0086
    	
 
    	
326649
    	
 
    	
27
    	
 
    	
3769
    	
 
    	
NMMC-174588
    
	
PTI-0087
    	
 
    	
343836
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174587
    
	
PTI-0088
    	
 
    	
326647
    	
 
    	
27
    	
 
    	
3767
    	
 
    	
NMMC-174586
    
	
PTI-0089
    	
 
    	
343837
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174585
    
	
PTI-0090
    	
 
    	
326645
    	
 
    	
27
    	
 
    	
3765
    	
 
    	
NMMC-174584
    
	
PTI-0091
    	
 
    	
343838
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174583
    
	
PTI-0092
    	
 
    	
326643
    	
 
    	
27
    	
 
    	
3763
    	
 
    	
NMMC-174582
    
	
PTI-0093
    	
 
    	
343839
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174581
    
	
PTI-0094
    	
 
    	
326641
    	
 
    	
27
    	
 
    	
3761
    	
 
    	
NMMC-174580
    
	
PTI-0095
    	
 
    	
343840
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174600
    
	
PTI-0096
    	
 
    	
326660
    	
 
    	
27
    	
 
    	
3780
    	
 
    	
NMMC-174599
    
	
PTI-0097
    	
 
    	
343841
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174598
    
	
PTI-0098
    	
 
    	
326658
    	
 
    	
27
    	
 
    	
3778
    	
 
    	
NMMC-174597
    
	
PTI-0099
    	
 
    	
343842
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174596
    
	
PTI-0100
    	
 
    	
326656
    	
 
    	
27
    	
 
    	
3776
    	
 
    	
NMMC-174595
    
	
PTI-0101
    	
 
    	
343843
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174605
    
	
PTI-0102
    	
 
    	
326665
    	
 
    	
27
    	
 
    	
3785
    	
 
    	
NMMC-174604
    
	
PTI-0103
    	
 
    	
343844
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174603
    
	
PTI-0104
    	
 
    	
326663
    	
 
    	
27
    	
 
    	
3783
    	
 
    	
NMMC-174602
    
	
PTI-0105
    	
 
    	
343845
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174601
    
	
PTI-0106
    	
 
    	
326667
    	
 
    	
27
    	
 
    	
3787
    	
 
    	
NMMC-174606
    
	
PTI-0107
    	
 
    	
343846
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174607
    
	
PTI-0109
    	
 
    	
343847
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174608
    
	
PTI-0110
    	
 
    	
326670
    	
 
    	
27
    	
 
    	
3790
    	
 
    	
NMMC-174609
    
	
PTI-0111
    	
 
    	
343848
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174610
    
	
PTI-0112
    	
 
    	
326673
    	
 
    	
27
    	
 
    	
3793
    	
 
    	
NMMC-174612
    
	
PTI-0113
    	
 
    	
343849
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174613
    
	
PTI-0114
    	
 
    	
326675
    	
 
    	
27
    	
 
    	
3795
    	
 
    	
NMMC-174614
    

 

19

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
PTI-0115
    	
 
    	
343850
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174615
    
	
PTI-0116
    	
 
    	
326677
    	
 
    	
27
    	
 
    	
3797
    	
 
    	
NMMC-174616
    
	
PTI-0117
    	
 
    	
343851
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174617
    
	
PTI-0118
    	
 
    	
326679
    	
 
    	
27
    	
 
    	
3799
    	
 
    	
NMMC-174618
    
	
PTI-0119
    	
 
    	
343852
    	
 
    	
 
    	
 
    	
 
    	
 
    	
NMMC-174619
    
	
PTI-0120
    	
 
    	
326681
    	
 
    	
27
    	
 
    	
3801
    	
 
    	
NMMC-174620
    
	
PTI-0121
    	
 
    	
326682
    	
 
    	
27
    	
 
    	
3802
    	
 
    	
NMMC-174621
    
	
PTI-0122
    	
 
    	
326683
    	
 
    	
27
    	
 
    	
3803
    	
 
    	
NMMC-174622
    
	
PTI-0123
    	
 
    	
326684
    	
 
    	
27
    	
 
    	
3804
    	
 
    	
NMMC-174623
    
	
PTI-0124
    	
 
    	
326685
    	
 
    	
27
    	
 
    	
3805
    	
 
    	
NMMC-174624
    
	
PTI-0125
    	
 
    	
326686
    	
 
    	
27
    	
 
    	
3806
    	
 
    	
NMMC-174625
    
	
PTI-0126
    	
 
    	
326687
    	
 
    	
27
    	
 
    	
3807
    	
 
    	
NMMC-174626
    
	
PTI-0127
    	
 
    	
326688
    	
 
    	
27
    	
 
    	
3808
    	
 
    	
NMMC-174627
    
	
PTI-0128
    	
 
    	
326689
    	
 
    	
27
    	
 
    	
3809
    	
 
    	
NMMC-174628
    
	
PTI-0129
    	
 
    	
326690
    	
 
    	
27
    	
 
    	
3810
    	
 
    	
NMMC-174629
    
	
REM-0001
    	
 
    	
321373
    	
 
    	
25
    	
 
    	
7222
    	
 
    	
NMMC-173177
    
	
REM-0002
    	
 
    	
321374
    	
 
    	
25
    	
 
    	
7223
    	
 
    	
NMMC-173178
    
	
REM-0003
    	
 
    	
321375
    	
 
    	
25
    	
 
    	
7224
    	
 
    	
NMMC-173179
    
	
REM-0004
    	
 
    	
321376
    	
 
    	
25
    	
 
    	
7225
    	
 
    	
NMMC-173180
    
	
REM-0005
    	
 
    	
321377
    	
 
    	
25
    	
 
    	
7226
    	
 
    	
NMMC-173181
    
	
REM-0006
    	
 
    	
321378
    	
 
    	
25
    	
 
    	
7227
    	
 
    	
NMMC-173182
    
	
REM-0007
    	
 
    	
321379
    	
 
    	
25
    	
 
    	
7228
    	
 
    	
NMMC-173183
    
	
REM-0008
    	
 
    	
321380
    	
 
    	
25
    	
 
    	
7229
    	
 
    	
NMMC-173184
    
	
REM-0009
    	
 
    	
321381
    	
 
    	
25
    	
 
    	
7230
    	
 
    	
NMMC-173185
    
	
REM-0010
    	
 
    	
321382
    	
 
    	
25
    	
 
    	
7231
    	
 
    	
NMMC-173186
    
	
REM-0011
    	
 
    	
321383
    	
 
    	
25
    	
 
    	
7232
    	
 
    	
NMMC-173187
    
	
REM-0012
    	
 
    	
321384
    	
 
    	
25
    	
 
    	
7233
    	
 
    	
NMMC-173188
    
	
REM-0013
    	
 
    	
321385
    	
 
    	
25
    	
 
    	
7234
    	
 
    	
NMMC-173189
    
	
REM-0014
    	
 
    	
321386
    	
 
    	
25
    	
 
    	
7235
    	
 
    	
NMMC-173190
    
	
REM-0015
    	
 
    	
321387
    	
 
    	
25
    	
 
    	
7236
    	
 
    	
NMMC-173191
    
	
REM-0016
    	
 
    	
321388
    	
 
    	
25
    	
 
    	
7237
    	
 
    	
NMMC-173192
    
	
REM-0017
    	
 
    	
321389
    	
 
    	
25
    	
 
    	
7238
    	
 
    	
NMMC-173193
    
	
REM-0018
    	
 
    	
321390
    	
 
    	
25
    	
 
    	
7239
    	
 
    	
NMMC-173194
    
	
REM-0019
    	
 
    	
321391
    	
 
    	
25
    	
 
    	
7240
    	
 
    	
NMMC-173195
    
	
REM-0020
    	
 
    	
321392
    	
 
    	
25
    	
 
    	
7241
    	
 
    	
NMMC-173196
    
	
REM-0021
    	
 
    	
321393
    	
 
    	
25
    	
 
    	
7242
    	
 
    	
NMMC-173197
    
	
REM-0022
    	
 
    	
321394
    	
 
    	
25
    	
 
    	
7243
    	
 
    	
NMMC-173198
    
	
REM-0023
    	
 
    	
321395
    	
 
    	
25
    	
 
    	
7244
    	
 
    	
NMMC-173199
    
	
REM-0024
    	
 
    	
321396
    	
 
    	
25
    	
 
    	
7245
    	
 
    	
NMMC-173200
    
	
REM-0025
    	
 
    	
321397
    	
 
    	
25
    	
 
    	
7246
    	
 
    	
NMMC-173201
    
	
REM-0026
    	
 
    	
321398
    	
 
    	
25
    	
 
    	
7247
    	
 
    	
NMMC-173202
    
	
REM-0027
    	
 
    	
321399
    	
 
    	
25
    	
 
    	
7248
    	
 
    	
NMMC-173203
    
	
REM-0028
    	
 
    	
321400
    	
 
    	
25
    	
 
    	
7249
    	
 
    	
NMMC-173204
    

 

20

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
REM-0029
    	
 
    	
321401
    	
 
    	
25
    	
 
    	
7250
    	
 
    	
NMMC-173205
    
	
REM-0030
    	
 
    	
321402
    	
 
    	
25
    	
 
    	
7251
    	
 
    	
NMMC-173206
    
	
REM-0031
    	
 
    	
321403
    	
 
    	
25
    	
 
    	
7252
    	
 
    	
NMMC-173207
    
	
REM-0032
    	
 
    	
321404
    	
 
    	
25
    	
 
    	
7253
    	
 
    	
NMMC-173208
    
	
REM-0033
    	
 
    	
321405
    	
 
    	
25
    	
 
    	
7254
    	
 
    	
NMMC-173209
    
	
REM-0034
    	
 
    	
321406
    	
 
    	
25
    	
 
    	
7255
    	
 
    	
NMMC-173210
    
	
REM-0035
    	
 
    	
321407
    	
 
    	
25
    	
 
    	
7256
    	
 
    	
NMMC-173211
    
	
REM-0036
    	
 
    	
321408
    	
 
    	
25
    	
 
    	
7257
    	
 
    	
NMMC-173212
    
	
REM-0037
    	
 
    	
321409
    	
 
    	
25
    	
 
    	
7258
    	
 
    	
NMMC-173213
    
	
REM-0038
    	
 
    	
321410
    	
 
    	
25
    	
 
    	
7259
    	
 
    	
NMMC-173214
    
	
REM-0039
    	
 
    	
321411
    	
 
    	
25
    	
 
    	
7260
    	
 
    	
NMMC-173215
    
	
REM-0040
    	
 
    	
321412
    	
 
    	
25
    	
 
    	
7261
    	
 
    	
NMMC-173216
    
	
REM-0041
    	
 
    	
321413
    	
 
    	
25
    	
 
    	
7262
    	
 
    	
NMMC-173217
    
	
REM-0042
    	
 
    	
321414
    	
 
    	
25
    	
 
    	
7263
    	
 
    	
NMMC-173218
    
	
REM-0043
    	
 
    	
321415
    	
 
    	
25
    	
 
    	
7264
    	
 
    	
NMMC-173219
    
	
REM-0044
    	
 
    	
321416
    	
 
    	
25
    	
 
    	
7265
    	
 
    	
NMMC-173220
    
	
REM-0045
    	
 
    	
321417
    	
 
    	
25
    	
 
    	
7266
    	
 
    	
NMMC-173221
    
	
REM-0046
    	
 
    	
321418
    	
 
    	
25
    	
 
    	
7267
    	
 
    	
NMMC-173222
    
	
ZAC-0001
    	
 
    	
321419
    	
 
    	
25
    	
 
    	
7268
    	
 
    	
NMMC-173223
    
	
ZAC-0002
    	
 
    	
321420
    	
 
    	
25
    	
 
    	
7269
    	
 
    	
NMMC-173224
    
	
ZAC-0003
    	
 
    	
321421
    	
 
    	
25
    	
 
    	
7270
    	
 
    	
NMMC-173225
    
	
ZAC-0004
    	
 
    	
321422
    	
 
    	
25
    	
 
    	
7271
    	
 
    	
NMMC-173226
    
	
ZAC-0005
    	
 
    	
321423
    	
 
    	
25
    	
 
    	
7272
    	
 
    	
NMMC-173227
    
	
ZAC-0006
    	
 
    	
321424
    	
 
    	
25
    	
 
    	
7273
    	
 
    	
NMMC-173228
    
	
ZAC-0007
    	
 
    	
321425
    	
 
    	
25
    	
 
    	
7274
    	
 
    	
NMMC-173229
    
	
ZAC-0008
    	
 
    	
321426
    	
 
    	
25
    	
 
    	
7275
    	
 
    	
NMMC-173230
    
	
ZAC-0009
    	
 
    	
321427
    	
 
    	
25
    	
 
    	
7276
    	
 
    	
NMMC-173231
    
	
ZAC-0010
    	
 
    	
321428
    	
 
    	
25
    	
 
    	
7277
    	
 
    	
NMMC-173232
    
	
ZAC-0011
    	
 
    	
321429
    	
 
    	
25
    	
 
    	
7278
    	
 
    	
NMMC-173233
    
	
ZAC-0012
    	
 
    	
321430
    	
 
    	
25
    	
 
    	
7279
    	
 
    	
NMMC-173234
    
	
ZAC-0013
    	
 
    	
321431
    	
 
    	
25
    	
 
    	
7280
    	
 
    	
NMMC-173235
    
	
ZAC-0014
    	
 
    	
321432
    	
 
    	
25
    	
 
    	
7281
    	
 
    	
NMMC-173236
    
	
ZAC-0015
    	
 
    	
321433
    	
 
    	
25
    	
 
    	
7282
    	
 
    	
NMMC-173237
    
	
ZAC-0016
    	
 
    	
321434
    	
 
    	
25
    	
 
    	
7283
    	
 
    	
NMMC-173238
    
	
ZAC-0017
    	
 
    	
321435
    	
 
    	
25
    	
 
    	
7284
    	
 
    	
NMMC-173239
    
	
ZAC-0018
    	
 
    	
321436
    	
 
    	
25
    	
 
    	
7285
    	
 
    	
NMMC-173240
    
	
ZAC-0019
    	
 
    	
321437
    	
 
    	
25
    	
 
    	
7286
    	
 
    	
NMMC-173241
    
	
ZAC-0020
    	
 
    	
321438
    	
 
    	
25
    	
 
    	
7287
    	
 
    	
NMMC-173242
    
	
ZAC-0021
    	
 
    	
321439
    	
 
    	
25
    	
 
    	
7288
    	
 
    	
NMMC-173243
    
	
ZAC-0022
    	
 
    	
321440
    	
 
    	
25
    	
 
    	
7289
    	
 
    	
NMMC-173244
    
	
ZAC-0023
    	
 
    	
321441
    	
 
    	
25
    	
 
    	
7290
    	
 
    	
NMMC-173245
    
	
ZAC-0024
    	
 
    	
321442
    	
 
    	
25
    	
 
    	
7291
    	
 
    	
NMMC-173246
    
	
ZAC-0025
    	
 
    	
321443
    	
 
    	
25
    	
 
    	
7292
    	
 
    	
NMMC-173247
    

 

21

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
ZAC-0026
    	
 
    	
321444
    	
 
    	
25
    	
 
    	
7293
    	
 
    	
NMMC-173248
    
	
ZAC-0027
    	
 
    	
321445
    	
 
    	
25
    	
 
    	
7294
    	
 
    	
NMMC-173249
    
	
ZAC-0028
    	
 
    	
321446
    	
 
    	
25
    	
 
    	
7295
    	
 
    	
NMMC-173250
    
	
ZAC-0029
    	
 
    	
321447
    	
 
    	
25
    	
 
    	
7296
    	
 
    	
NMMC-173251
    
	
ZAC-0030
    	
 
    	
321448
    	
 
    	
25
    	
 
    	
7297
    	
 
    	
NMMC-173252
    
	
ZAC-0031
    	
 
    	
321449
    	
 
    	
25
    	
 
    	
7298
    	
 
    	
NMMC-173253
    
	
ZAC-0032
    	
 
    	
321450
    	
 
    	
25
    	
 
    	
7299
    	
 
    	
NMMC-173254
    
	
ZAC-0033
    	
 
    	
321451
    	
 
    	
25
    	
 
    	
7300
    	
 
    	
NMMC-173255
    
	
ZAC-0034
    	
 
    	
321452
    	
 
    	
25
    	
 
    	
7301
    	
 
    	
NMMC-173256
    
	
ZAC-0035
    	
 
    	
321453
    	
 
    	
25
    	
 
    	
7302
    	
 
    	
NMMC-173257
    
	
ZAC-0036
    	
 
    	
321454
    	
 
    	
25
    	
 
    	
7303
    	
 
    	
NMMC-173258
    
	
ZAC-0037
    	
 
    	
321455
    	
 
    	
25
    	
 
    	
7304
    	
 
    	
NMMC-173259
    
	
ZAC-0038
    	
 
    	
321456
    	
 
    	
25
    	
 
    	
7305
    	
 
    	
NMMC-173260
    
	
ZAC-0039
    	
 
    	
321457
    	
 
    	
25
    	
 
    	
7306
    	
 
    	
NMMC-173261
    
	
ZAC-0040
    	
 
    	
321458
    	
 
    	
25
    	
 
    	
7307
    	
 
    	
NMMC-173262
    
	
ZAC-0041
    	
 
    	
321459
    	
 
    	
25
    	
 
    	
7308
    	
 
    	
NMMC-173263
    
	
ZAC-0042
    	
 
    	
321460
    	
 
    	
25
    	
 
    	
7309
    	
 
    	
NMMC-173264
    
	
ZAC-0043
    	
 
    	
321461
    	
 
    	
25
    	
 
    	
7310
    	
 
    	
NMMC-173265
    
	
ZAC-0044
    	
 
    	
321462
    	
 
    	
25
    	
 
    	
7311
    	
 
    	
NMMC-173266
    
	
ZAC-0045
    	
 
    	
321463
    	
 
    	
25
    	
 
    	
7312
    	
 
    	
NMMC-173267
    
	
ZAC-0046
    	
 
    	
321464
    	
 
    	
25
    	
 
    	
7313
    	
 
    	
NMMC-173268
    
	
ZAC-0047
    	
 
    	
321465
    	
 
    	
25
    	
 
    	
7314
    	
 
    	
NMMC-173269
    
	
ZAC-0048
    	
 
    	
321466
    	
 
    	
25
    	
 
    	
7315
    	
 
    	
NMMC-173270
    
	
ZAC-0049
    	
 
    	
321467
    	
 
    	
25
    	
 
    	
7316
    	
 
    	
NMMC-173271
    
	
ZAC-0050
    	
 
    	
321468
    	
 
    	
25
    	
 
    	
7317
    	
 
    	
NMMC-173272
    
	
ZAC-0051
    	
 
    	
321469
    	
 
    	
25
    	
 
    	
7318
    	
 
    	
NMMC-173273
    
	
ZAC-0052
    	
 
    	
321470
    	
 
    	
25
    	
 
    	
7319
    	
 
    	
NMMC-173274
    
	
ZAC-0053
    	
 
    	
321471
    	
 
    	
25
    	
 
    	
7320
    	
 
    	
NMMC-173275
    
	
ZAC-0054
    	
 
    	
321472
    	
 
    	
25
    	
 
    	
7321
    	
 
    	
NMMC-173276
    
	
ZAC-0055
    	
 
    	
321473
    	
 
    	
25
    	
 
    	
7322
    	
 
    	
NMMC-173277
    
	
ZAC-0056
    	
 
    	
321474
    	
 
    	
25
    	
 
    	
7323
    	
 
    	
NMMC-173278
    
	
ZAC-0057
    	
 
    	
321475
    	
 
    	
25
    	
 
    	
7324
    	
 
    	
NMMC-173279
    
	
ZAC-0058
    	
 
    	
321476
    	
 
    	
25
    	
 
    	
7325
    	
 
    	
NMMC-173280
    
	
ZAC-0059
    	
 
    	
321477
    	
 
    	
25
    	
 
    	
7326
    	
 
    	
NMMC-173281
    
	
ZAC-0060
    	
 
    	
321478
    	
 
    	
25
    	
 
    	
7327
    	
 
    	
NMMC-173282
    
	
ZAC-0061
    	
 
    	
321479
    	
 
    	
25
    	
 
    	
7328
    	
 
    	
NMMC-172966
    
	
ZAC-0062
    	
 
    	
321480
    	
 
    	
25
    	
 
    	
7329
    	
 
    	
NMMC-172967
    
	
ZAC-0063
    	
 
    	
321481
    	
 
    	
25
    	
 
    	
7330
    	
 
    	
NMMC-172968
    
	
ZAC-0064
    	
 
    	
321482
    	
 
    	
25
    	
 
    	
7331
    	
 
    	
NMMC-172969
    
	
ZAC-0065
    	
 
    	
321483
    	
 
    	
25
    	
 
    	
7332
    	
 
    	
NMMC-172970
    
	
ZAC-0066
    	
 
    	
321484
    	
 
    	
25
    	
 
    	
7333
    	
 
    	
NMMC-172971
    
	
ZAC-0067
    	
 
    	
321485
    	
 
    	
25
    	
 
    	
7334
    	
 
    	
NMMC-172972
    
	
ZAC-0068
    	
 
    	
321486
    	
 
    	
25
    	
 
    	
7335
    	
 
    	
NMMC-172973
    

 

22

 

	
Claim Name
    	
 
    	
County Docket
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM Serial No
    
	
ZAC-0069
    	
 
    	
321487
    	
 
    	
25
    	
 
    	
7336
    	
 
    	
NMMC-172974
    
	
ZAC-0070
    	
 
    	
321488
    	
 
    	
25
    	
 
    	
7337
    	
 
    	
NMMC-172975
    
	
ZAC-0071
    	
 
    	
321489
    	
 
    	
25
    	
 
    	
7338
    	
 
    	
NMMC-172976
    
	
ZAC-0072
    	
 
    	
321490
    	
 
    	
25
    	
 
    	
7339
    	
 
    	
NMMC-172977
    
	
ZAC-0077
    	
 
    	
322588
    	
 
    	
26
    	
 
    	
1047
    	
 
    	
NMMC-173284
    
	
ZAC-0078
    	
 
    	
321491
    	
 
    	
25
    	
 
    	
7340
    	
 
    	
NMMC-172978
    
	
ZAC-0079
    	
 
    	
322589
    	
 
    	
26
    	
 
    	
1048
    	
 
    	
NMMC-173285
    
	
ZAC-0080
    	
 
    	
321492
    	
 
    	
25
    	
 
    	
7341
    	
 
    	
NMMC-172979
    
	
ZAC-0081
    	
 
    	
322587
    	
 
    	
26
    	
 
    	
1046
    	
 
    	
NMMC-173286
    
	
ZAC-0082
    	
 
    	
321493
    	
 
    	
25
    	
 
    	
7342
    	
 
    	
NMMC-172980
    

 

III.                               State Leases

 

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

 

New Mexico State Land Office Mining Lease for General Mining

Lease No. HG-0078

 

Covering lands more particularly described as:

 

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

Section 36: All

 

IV.                               Water Rights

 

NONE

 

23

 

Exhibit B

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Operating Equipment

 

 

ALL EQUIPMENT OWNED EXCEPT WHERE INDICATED

 

	
Equipment
   Number
    	
 
    	
Make/Model
   MAJOR EQUIPMENT
    	
 
    	
Serial Number
    	
 
    	
Cat Lease
    
	
NONE
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

24

 

Light Vehicles

 

	
EQUIP. #
    	
 
    	
YEAR
    	
 
    	
MAKE
    	
 
    	
TYPE
    	
 
    	
MODEL
    	
 
    	
SERIAL #
    	
 
    
	
NONE
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

25

 

Exhibit C

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Material Agreements

 

 

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

 

26

 

Exhibit D

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

List of Title Reports and Opinions

 

 

Neutron Energy, Inc. Project, Fee Land Title Report, Portions of the Juan Tafoya Land Grant and Portions of the Cebolleta Land Grant, Cibola, McKinley and Sandoval Counties, New Mexico, prepared by Cortney E. Stewart at the request of Bensing Associates, Inc., March 15, 2010.

 

Neutron Energy, Inc. Project, Unpatented Mining Calims Title Report, Bonner Group, Endy Group, and CLF, KAN, PTI, and Elk Groups, McKinley and Sandoval Counties, New Mexico, prepared by Cortney E. Stewart at the request of Bensing Associates, Inc., March 15, 2010.

 

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

 

Fee Title Opinion dated October 10, 2006 by Rodey, Dickason, Sloan, Akin and Robb, P.A. re:  Fee land in McKinley and Sandoval Counties, New Mexico within the Town on Cebolleta Land Grant.

 

Unpatented Lode Mining Claim Title Opinoin dated March 16, 2006 by Mark K. Adams of Rodey, Dickason, Sloan, Akin and Robb, P.A.

 

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

 

Leasehold Title Opinion dated March 14, 2006, prepared by Mark K. Adams of Rodey, Dickason, Sloan, Akin and Robb, P.A., Re:  Section 36, Township 14 North, Range 9 West, NMPM, McKinley County, New Mexico.

 

27Exhibit 10.28

 

Recording requested by and

when recorded return to:

Christopher M. Kamper

Carver Schwarz McNab & Bailey, LLC

1600 Stout Street, Suite 1700

Denver, Colorado 80202-3164

 

Mortgage, Security Agreement,

Assignment of Leases and Rents, and

Fixture Filing

 

THIS MORTGAGE SECURES FUTURE ADVANCES AND CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS, AND SHALL SECURE AT ANY ONE TIME A MAXIMUM PRINCIPAL AMOUNT OF EIGHTEEN MILLION DOLLARS ONLY ($18,000,000.00) FOR PURPOSES OF SECTION 48-7-9 NMSA 1978, AS AMENDED OR REPLACED FROM TIME TO TIME.  THIS MORTGAGE SHALL BE A “LINE OF CREDIT MORTGAGE” AS THAT TERM IS USED IN SECTION 48-7-4(B) NMSA 1978, AS AMENDED OR REPLACED FROM TIME TO TIME.

 

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

 

TO THE ATTENTION OF THE RECORDING OFFICER:

 

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

 

This Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing (“Mortgage”) is made effective April 5, 2010 (the “Effective Date”), from NEUTRON ENERGY, INC., a Nevada corporation having a principal place of business at 9000 E. Nichols Avenue Suite 225 Englewood, CO 80112  (“MTM” or “Mortgagor”), to RMB AUSTRALIA HOLDINGS, LTD. a banking corporation organized under the laws of Australia, and RMB RESOURCES INC., a Delaware corporation (the “Mortgagee”).

 

1

 

Recitals

 

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

 

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

 

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

 

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

 

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

 

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

 

2

 

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

 

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

 

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

 

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

 

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

 

3

 

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

 

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

 

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

 

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

 

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

 

4

 

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

 

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

 

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

 

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

 

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

 

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

 

5

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

6

 

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

 

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

 

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

 

7

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

5.                                      Taxes and Impositions.

 

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

 

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

 

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

 

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6.                                      Insurance.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

8.                                      Care of Property.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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11.                               Security Agreement and Financing Statements.

 

11.1                        Grant of Security Interest.  Mortgagor (as Debtor) grants to Mortgagee (as Creditor and Secured Party) a security interest in the Property, and in all proceeds thereof, pursuant to the Uniform Commercial Code of the State of New Mexico (  § 55-1-101 et seq. NMSA 1978, the “Code”).

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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16.2.1                  Time is of the essence of this Mortgage.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

17.3.2                  Insure or keep the Property insured;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

	
Mortgagee:
    	
 
    	
Mortgagor:
    
	
 
    	
 
    	
 
    
	
RMB   Resources, Inc.

7114   West Jefferson Ave, Suite 100

Lakewood,   Colorado 80235

Attn:  Rick Winters
    	
 
    	
Neutron   Energy, Inc.

9000   E. Nichols Avenue Suite 225
   Englewood, CO 80112

Attn:  Ed Topham
    

 

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

 

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

 

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

 

24

 

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

 

35.                               Governing Law; Jurisdiction; Venue.

 

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

 

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

 

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

 

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

 

25

 

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

 

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

 

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

 

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

 

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

 

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

 

42.Limitation on Indemnification.    To the extent, if at all, a court of competent jurisdiction determines that Section 56 7 1 NMSA 1978 applies to any indemnification provisions in this Mortgage, including certain types of insurance coverage as set forth in Section 56 7 1 NMSA 1978, such provisions shall not extend to liability, claims, damages, losses or expenses, including attorney fees, arising out of bodily injury to persons or damage to property caused by or resulting from, in whole or in part, the negligence, act or omission of the indemnitee or additional insured, as the case may be, its officers, employees or agents and shall further be modified, if required, by the provisions of Section 56 7 1(B) NMSA 1978.

 

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

 

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

 

 

	
NEUTRON   ENERGY, INC.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/   Edward M. Topham
    	
 
    
	
By:   Chief Financial Officer
    	
 
    
	
Name:   Edward M. Topham
    	
 
    

 

27

 

	
STATE   OF
    	
)
    	
 
    
	
 
    	
ss.
    	
 
    
	
COUNTY   OF
    	
)
    	
 
    

 

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

 

	
My   commission expires:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
/s/   Mary Young
    
	
 
    	
 
    	
Notary   Public
    

 

28

 

Exhibits

 

	
Exhibit A
    	
Land,   Improvements and Water Rights
    
	
 
    	
 
    
	
Exhibit B
    	
Operating   Equipment
    
	
 
    	
 
    
	
Exhibit C
    	
Material   Agreements
    
	
 
    	
 
    
	
Exhibit D
    	
List   of Title Reports and Opinions
    

 

29

 

Exhibit A

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Leasehold Interests, Unpatented Mining Claims,

Water Rights, and Improvements

Sandoval County, New Mexico

 

 

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

 

(A)                               NONE

 

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

 

All of Mortgagor’s right, title and interest in and to the following lands:

 

The Juan Tafoya Grant Lands, more particularly described as follows.

 

From the point of beginning, being a stone mound and brass cap marked “POLARIS PT. 1 TURLEY EXCEPTION, 1974”, the U.S.G.S. station “AQUA” bears S. 67°11’37” E. and is 18473.05 feet.

 

Then from the above said point of beginning along the South fence S. 89°07’19” W. a distance of 1535.88 feet, to a point from which witness corner No. 1 bears N. 23° E. and is 2.50 feet in distance; then N. 0°37’47” W. a distance of 2396.96 feet, to a point from which witness corner No. 2 bears S. 89°19’ W. and is 0.83 feet in distance; then N. 02°38’44” W., 645.59 feet to a point from which witness corner No. 3 bears N. 17°00’ W. and is 2.17 feet in distance; then N. 63°49’03” W., 314.8 feet to a point from which witness corner No. 4 bears N. 26°00’ E., and is 0.55 feet in distance; then N. 63°49’15” W. 219.09 feet to a point from which witness corner No. 5 bear N. 30°00’ E. and is 1.35 feet in distance; then N. 64°17’24” W., 380.09 feet to a point from which witness corner No. 6 bears N. 30°00’ E. and is 1.0 feet in distance; then N. 69°50’26” W., 68.03 feet to a point from which witness corner No. 7 bears N. 14°00’ E. and is 1.4 feet in distance; then N. 74°24’36” W., 271.23 feet to a point from which witness corner No. 8 bears N. 15°36’ E. and is 0.9 feet in distance; then N. 73°45’9” W. 452.49 feet to a point from which witness corner No. 9 bears WEST and is 2.2 feet in distance; then N. 8°05’17” E., 10.76 feet to a point from which witness corner No. 10 bears N. 78°00’ W. and is 1.1 feet in distance; then N. 55°52’16” W., 209.30 feet to a point

 

 

from which witness corner No. 11 bears N. 34°00’ E. and is 1.2 feet in distance; then N. 61°24’28” W., 143.58 feet to a point from which witness corner No. 12 bears N. 28°35’ E., and is 1.15 feet in distance; then N. 66°20’29” W., 122.00 feet to a point from which witness corner No. 13 bears S. 23°40’ W. and is 1.2 feet in distance; then N. 62°31’ W., 193.47 feet to a point from which witness corner No. 14 bears N. 27°55’ E. and is 1.4 feet in distance; then N. 62°05’21” W., 116.65 feet to a point from which witness corner No. 15 bears S. 62°05’ E. and is 1.7 feet in distance; then N. 44°03’35” W., 365.22 feet to a point from which witness corner No. 16 bears N. 45°57’ E. and is 1.35 feet in distance; then N. 46°50’39” W., 295.62 feet to a point from which witness corner No. 17 bears S. 31°43’ E. and is 1.9 feet in distance; then N. 31°43’27” W., 238.39 feet to a point from which witness corner No. 18 bears N. 80°38’ W. and is 1.1 feet in distance; then N. 09°22’25” W., 186.10 feet to a point from which witness corner No. 19 bears S. 20°00’ E. and is 1.3 feet in distance; then N. 72°10’44” W. 85.23 feet to a point from which witness corner No. 20 bears S. 07°37’26” E., and is 1.3 feet in distance; then N. 07°06’36” W. 140.39 feet to a point from which witness corner No. 21 bears N. 57°37’57” W. and is 1.6 feet in distance; then N. 59°40’30” W., 935.35 feet to a point from which witness corner No. 22 bears N. 30°23’ E. and is 0.7 feet in distance; then N. 60°34’27” W., 280.32 feet to a point from which witness corner No. 23 bears N. 29°40’ E. and is 1.8 feet in distance; then N. 59°33’04” W., 47.45 feet to a point from which witness corner No. 24 bears N. 29°51’ E. and is 1.3 feet in distance; then N. 60°00’08” W., 243.55 feet to a point from which witness corner No. 25 bears N. 29°52’ E. and is 0.7 feet in distance; then N. 62°25’35” W., 24.61 feet to a point from which witness corner No. 26 bears N. 26°58’ E., and is 0.44 feet in distance; then N. 60°31’22” W., 528.28 feet to a point from which witness corner No. 27 bears N. 29°36’ E. and is 1.5 feet in distance; then N. 42°20’58” W., 114.79 feet to a point from which witness corner No. 28 bears N. 47°39’ E. and is 1.4 feet in distance; then N. 45°54’37” W., 176.27 feet to a point from which witness corner No. 29 bears N. 46°21’56” W. and is 4.5 feet in distance; then N. 33°04’49” W., 30.84 feet to a point from which witness corner No. 30 bears N. 41°28’ E. and is 1.6 feet in distance; then N. 21°53’54” W., 88.11 feet to a point from which witness corner No. 31 bears S. 66°31’ W. and is 1.0 feet in distance; then N. 09°18’27” W., 103.18 feet to a point from which witness corner No. 32 bears N. 66°31’ E. and is 2.4 feet in distance; then N. 06°32’08” E., 101.39 feet to a point from which witness corner No. 33 bears N. 82°31’ E. and is 1.2 feet in distance; then N. 00°55’31” E., 32.00 feet to a point from which witness corner No. 34 bears S. 84°00’ E. and is 1.3 feet in distance; then N. 05°59’48” E., 69.14 feet to a point from which witness corner No. 35 bears S. 88°53’ E. and is 1.5 feet in distance; then N. 10°53’07” E., 298.14 feet to a point from which witness corner No. 36 bears N. 11°39’ E. and is 3.18 feet in distance; then S. 80°54’37” E., 126.98 feet to a point from which witness corner No. 37 bears S. 10°25’ W. and is 3.3 feet in distance; then N. 87°59’ E., 48.90 feet to a point from which witness corner No. 38 bears S. 03°16’ E., 2.15 feet in distance; then S. 81°34’ E., 238.09 feet to a point from which witness corner No. 39 bears S. 08°13’ E. and is 1.2 feet in distance; then S. 84°31’22” E., 105.41 feet to a point from which witness corner No. 40 bears S. 85°09’ E. and is 1.6 feet in distance; then N. 57°41’57” E., 92.98 feet to a point from which witness corner No. 41 bears N. 35°00’ E, and is 2.4 feet in distance; then N. 69°18’48” E., 51.92 feet to a point from which witness corner No. 42 bears S. 18°38’ E. and is 0.5 feet in distance; then N. 69°01’11” E., 87.68 feet to a point from which witness corner No. 43 bears S. 20°55’ E. and is 0.6 feet in distance; then N. 65°41’02” E., 98.30 feet to a point from which witness corner No. 44 bears S. 59°30’ W. and is 1.3 feet in distance; then N. 59°10’05” E., 130.22 feet to a point from which witness corner No. 45 bears S. 71°48’ E. and is 1.0 feet in distance; then N. 75°56’20” E., 46.41 feet to a point from which witness corner No. 46 bears S. 35°50’ E. and is 0.8 feet in distance; then N. 41°22’45” E., 37.38 feet to a point from which witness corner No. 47 bears S. 60°00’ E. and is 1.3 feet in distance; then N. 24°04’41” E., 10.53 feet to a point from which witness corner No. 48 bears S. 73°00’ E. and is 0.7 feet in distance; then N. 12°55’26” E., 17.04 feet to a point from which witness corner No. 49 bears S. 75°00’ E. and is 0.95 feet in distance; then N. 17°43’24” E., 29.96 feet to a point from which witness corner No. 50 bears S. 65°00’ E. and is 1.1 feet in distance; then N. 38°15’06” E., 45.54 feet to a point from which witness corner No. 51 bears N. 25°00’ W. and is 1.0 feet in distance; then N. 74°43’56” E., 52.38 feet to a point from which witness corner No. 52 bears S. 13°00’ E. and is 0.85 feet in distance; then N. 34°12’12” E., 291.81 feet to a point from which witness corner No. 53 bears N. 58°00’ W. and is 0.75 feet in distance; then S. 52°17’32” E., 1742.68 feet to a point from which witness corner No. 54 bears S. 20°50’ W. and is 1.3 feet in distance; then S. 69°25’36” E., 14.17 feet to a point from which witness corner No. 55 bears S. 33°00’ W. and is 1.4 feet in distance; then S. 64°04’07” E., 312.89 feet to a point from which witness corner No. 56 bears S. 26°00’ W. and is 0.8 feet in distance; then N. 89°39’19” WE., 203.36 feet to a point from which witness corner No. 57 bears S. 08°00’ E. and is 0.8 feet in distance; then N.

 

 

76°31’41” E., 683.63 feet to a point from which witness corner No. 58 bears S. 13°00’ E. and is 0.86 feet in distance; then N. 76°59’19” E., 773.28 feet to a point from which witness corner No. 59 bears S. 13°00’ E. and is 1.15 feet in distance; then N. 77°31’06’ E., 446.69 feet to a point from which witness corner No. 60 bears S. 51°57’ E. and is 0.8 feet in distance; then N. 01°21’06” W., 4260.77 feet to a point from which witness corner, marked N. Fence A.P. No. 1, bears N. 01°21’ W. and is 0.86 feet in distance; then S. 88°33’24” E. along the north fence 268.77 feet to a point from which witness corner A.P. No. 2, bears N. 01°28’ E. and is 0.75 feet in distance; then S. 84°11’33” E., 63.33 feet to a point from which witness corner A.P. No. 3, bears S. 06°00’ W. and is 1.55 feet in distance; then S. 87°01’55” E., 5660.50 feet to a point from which witness corner A.P. No. 4, bears S. 03°00’ W. and is 1.35 feet in distance; then S. 83°19’11” E., 127.23 feet to a point from which witness corner A.P. No. 5, bears S. 07°00’ W. and is 1.7 feet in distance; then S. 88°30’31” E., 1966.28 feet to a point from which witness corner A.P. No. 6, bears S. 01°30’W is 1.2 feet in distance; then S. 89°28’09” E., 7682.87 feet to a point from which witness corner A.P. No. 7, bears S. 33°00’ W. and is 1.9 feet in distance; then S. 00°03’21” E. a distance of 8159.75 feet; then S. 01°19’39” E. a distance of 686.36 feet;  then S. 12°34’47” E. a distance of 175.27 feet; then S. 12°37’30” W. a distance of 236.04 feet; then S. 00°45’35” W. a distance of 1151.82 feet; then S. 04°39’24” E. a distance of 365.79 feet; then S. 86°00’37” W. a distance of 501.10 feet; then N. 69°37’48” W. a distance of 108.08 feet; then N. 82°39’20” W. a distance of 414.86 feet; then N. 77°35’01” W. a distance of 410.78 feet; then N. 74°28’36” W. a distance of 460.46 feet; then S. 81°10’12” W. a distance of 188.82 feet; then S. 56°27’27” W. a distance of 402.81 feet; then N. 88°00’38” W. a distance of 511.50 feet; then N. 56°42’08” W. a distance of 620.12 feet; then S. 87°46’48” W. a distance of 1335.83 feet; then S. 89°16’17” W. a distance of 1650.44 feet; then N. 89°15’15” W. a distance of 3195.41feet; then S. 88°28’59” W. a distance of 4059.24 feet; then S. 73°09’13” W. a distance of 71.03 feet; then S. 89°14’48” W. a distance of 392.88 feet to the point and place of beginning, and containing an area of 4096.6609 acres, more or less, also known as the Juan Tafoya Land Grant, being the village and community lands of the Town of Marquez, New Mexico.

 

II                                        UNPATENTED MINING CLAIMS

 

The following described unpatented lode mining and millsite claims situate in Sandoval County, New Mexico:

 

	
County Recording
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Claim Name
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
BLM MMC
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
NONE
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

III.                                 Water Rights

 

Only those water rights granted pursuant to that certain Uranium Mining Lease and Agreement effective October 12, 2006, between Juan Tafoya Land Corporation, a New Mexico corporation, and Neutron Energy, Inc., a Nevada corporation

 

 

IV.                                Improvements.

 

Buildings, Plants, Etc.

 

	
Building Name
    	
 
    	
Size (sq ft)
    	
 
    	
Height
    
	
NONE
    	
 
    	
 
    	
 
    	
 
    

 

 

Exhibit B

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Operating Equipment

 

 

ALL EQUIPMENT OWNED EXCEPT WHERE INDICATED

 

	
Equipment
   Number
    	
 
    	
Make/Model
   MAJOR EQUIPMENT
    	
 
    	
Serial Number
    	
 
    	
Cat Lease
    
	
N/A
    	
 
    	
40’   Storage Unit — Double Doors — Juan Tafoya
    	
 
    	
N/A
    	
 
    	
N/A
    
	
N/A
    	
 
    	
Air   Monitoring Station — Juan Tafoya
    	
 
    	
N/A
    	
 
    	
N/A
    
	
N/A
    	
 
    	
Pumps,   Timers & Materials for Irrigation System (work-in-process) — Juan   Tafoya
    	
 
    	
N/A
    	
 
    	
N/A
    

 

 

Light Vehicles

 

	
EQUIP. #
    	
 
    	
YEAR
    	
 
    	
MAKE
    	
 
    	
TYPE
    	
 
    	
MODEL
    	
 
    	
SERIAL #
    
	
NONE
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

 

Exhibit C

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

Material Agreements

 

 

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

 

 

Exhibit D

 

To

Mortgage, Security Agreement,

Assignment of Leases and Rents and

Fixture Filing

 

 

List of Title Reports and Opinions

 

 

Neutron Energy, Inc. Project, Fee Land Title Report, Portions of the Juan Tafoya Land Grant and Portions of the Cebolleta Land Grant, Cibola, McKinley and Sandoval Counties, New Mexico, prepared by Cortney E. Stewart at the request of Bensing Associates, Inc., March 15, 2010.

 

Fee Title Opinion dated October 10, 2006 by Rodey, Dickason, Sloan, Akin and Robb, P.A. re:  Fee land in McKinley and Sandoval Counties, New Mexico within the Town on Cebolleta Land Grant.

 

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

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