HomeMy WebLinkAbout919435
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RECEIVED 6/19/2006 at 11 :27 AM
RECEIVING # 919435
BOOK: 623 PAGE: 623
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
ASSIGNMENT AND ASSUMPTION
OF
PROMISSORY NOTE AND MORTGAGE
This Assignment and Assumption is made thi~---ir;Iay of May, 2006 by Philip /
J. Frankovic, of Jackson, Wyoming, as Assignor, and R. L. Frankovic Trust dated
September 30, 1996 of P. O. Box 866, Buffalo, Wyoming 82834, as Assignee.
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WHEREAS, Roy Siebeck in 2005 did purchase from Assignor, real property in
Lincoln County, Wyoming described as Lot 212 of River Ranches Fishing and
Equestrian Estates at Freedom, Wyoming, pursuant to a Promissory Note and
Mortgage in the amount of $26,500.00 which mortgage was recorded on May 27, 2005
in Book 586, page 387 in the Office of the Lincoln County Clerk in Kemmerer,
Wyoming; and
WHEREAS Assignor now desires to assign unto Assignee all right, title, and
interest in the Promissory Note and Mortgage, and Assignee desires to purchase and
assume the same.
NOW THEREFORE, in consideration of the recitals and of the agreements
hereinafter contained, the parties agree as follows:
1. Assignor does hereby assign, remise, release and quitclaim to Assignee all
of his right, title and interest in and to the above-described Promissory Note and
Mortgage.
2. Assignor warrants to Assignee that Roy Siebeck is not in default under the
Promissory Note and Mortgage.
3. Assignee accepts the assignment of the Promissory Note and Mortgage
and assumes and agrees to otherwise perform all of the obligations of Assignor under
the Promissory Note and Mortgage.
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4. A Release Of Mortgage from Assignor is being held by the Jackson State
Bank & Trust escrow department. Assignee shall execute a Release Of Mortgage to also
be held by the Jackson State Bank & Trust escrow department to be filed upon final
payment by Roy Siebeck.
5. Assignee shall be substituted for Assignor under the Escrow Instructions
held by the Jackson State Bank & Trust escrow department and agree to execute any
additional instruments requested by said escrow department to affect this assignment
and assumption.
IN WITNESS WHEREOF, Assignor and Assignee have set their hand the day and
year first above written.
ASSIGNOR:
ASSIGNEE:
RL. Frankovic Trust dated
September 30, 1996:
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R L. Frankovic, Trustee
STATE OF WYOMING )
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COUNTY OF TETON )
The foregoing instrument was acknowledged before me this d0 -+r:r-- day of
May, 2006 by Philip J. Frankovic.
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WITNESS my hand and official seal.
JAYNE LUTON
COUNTY OF
LINCOLN
NOTARY PUBLIC
STATE OF
WYOMING
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Notê!P Pub ic i .
My Commission Expires:
MY COMMISSION EXPIRES JANUARY 31 2009
STATEOFWYOWNG )
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COUNTY OF t£q~)
The foregoing instrument was acknowledged before me this ~...fvb day of
May, 2006 by R L. Frankovic.
WITNESS my hand and official seal. ' -/7
JAYNE LUTON NOTA" pU'uc ~:2n~(~)',---,-
COUNTY OF STATE OF Not Y Public
LINCOLN WYOMING My Commission Expires:
MY COMMISSION EXPIRES JANUARY 31 2009
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