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000722
II
This document is being recorde~ by
Alliance Title and Escrow of W yommg, LLC
as a courtesy only.
PLEASE COMPLETE THIS INFORMA nON
RECORDING REQUESTED BY:
AND WHEN RECORDED MAIL TO:
GMAC Mortgage, LLC
Assumption Department
3451 Hammond Avenue
Waterloo,IA 50702
Prepared by: Jennifer Harken
RECEIVED 12/27/2006 at 4:29 PM
RECEIVING # 925631
BOOK: 644 PAGE: 722
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
[Space Above This Line For Recording Data]
GMACM Loan Number 587761503
ASSUMPTION OF LIABILITY AGREEMENT
MIN # 1000375-0587761503-2>
This agreement is effective the 151 day of January, 2007, entered into by Trent Simkins, hereinafter referred to as "purchaser",
with GMAC Mortgage, LLC hereinafter referred to as "mortgagee",
Whereas, mortgagee is the owner and/or servicer of that certain note executed by Trent Simkins and Jody Simkins, hereinafter
referred to as "mortgagor", dated October 14,2005, in the amount of$120,102.00, payable to Mortgage Electronic Registration
Systems, INC ("MERS"), solely as nominee for Lender, or hereafter defmed, and Lenders successors and assigns, as
beneficiary. MERS is organized and existing under the laws of Pennsylvania, and has an address and telephone number of PO
Box 2026, Flint MI 48501-2026, tel. (888) 679-MERS. GMAC Mortgage, LLC ("Lender"), and the mortgage securing said
note of even date therewith, which mortgage was filed for record in the office of the recorder of Lincoln County, State of
Wyoming, on October 17,2005 as Document No. 912869; in Book 601, at Page 411, and described as follows:
413 Happy Valley Ln.
Afton, WY 83110
(Property Address)
Whereas, the premises described in the aforesaid mortgage have been sold and conveyed to said purchaser;
Now, therefore, in consideration of these premises, the sale of said mortgage property and other good and valuable
consideration, purchaser hereby jointly and severally personally assumes and agrees to pay the indebtedness evidenced by the
above described mortgage note and all indebtedness due or to become due thereunder and under the terms of the said mortgage,
to holder or holders thereof, and to carry out and perform all the terms and conditions of the said mortgage and mortgage note
as therein provided.
Purchaser agrees that any release of prior mortgagors and obligors shall not in any manner affect or impair the indebtedness
evidenced by the above described note, the lien of the above described mortgage or the covenants, agreements and obligations
set forth in said mortgage and note, or affect, alter or diminish the remedies at law or in equity for recovery on said security,
whether as collateral or otherwise.
09Z56,~
000723
Purchaser further agrees that notwithstanding any release of prior mortgagors and obligors, purchaser, and each of them, shall
be liable to pay the indebtedness evidenced by the aforesaid mortgage note and shall keep and perform all of the covenants and
agreements contained in the aforesaid mortgage. Purchaser acknowledges that future assumptions of this mortgage may be
restricted in accordance to the terms of the original mortgage. More specifically, the mortgage shall, with the prior approval of
the Federal Housing Commissioner, or his assignee, declare all sums secured by this mortgage to be immediately due and
payable if all or a part of the property is sold or otherwise transferred (other than by devise, descent or operation oflaw) by the
mortgagor, without first obtaining the prior written consent as may be required by the mortgage and/or any riders thereof.
I:; - - It) - t)(~
Date '
<I;;;---::ç~Þíl3
Trent Simkins - Purchaser
Date
- Purchaser
State of ~. )
)SS:
County of r/ì .)
On this /~ day of ~~ ~ ' before a notary public in and for the said county, personally appeared
Trent Simkins, to me known to be the person (or persons) described in and who executed the foregoing instrument and
acknowledged that he (or they) executed the same as his (or their) free act and deed.
~
DONNA BOOTH· NOTARY PUBLIC
COUNTY OF &\ STATE OF
LINCOLN ., WYOMING
MY COMMISSION EXPIRES SEPT. 20, 2007