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HomeMy WebLinkAbout925632 ¡ I . being recorded by C '1"htS document,1S [ WYOllÚng, 1..1.. 11l. d EscroW 0 ¡\Uiance Tltle~naCoultes)' only. 000724 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 # 925632 BOOK: 644 PAGE: 724 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY [Space Above This Line For Recording Data] GMACM Loan Number 587761503 RELEASE OF OBLIGOR MIN#1000375-0587761503-2 GMAC Mortgage, LLC, a Limited Liability Company organized under the laws of the state of Delaware, is the holder of a mortgage note executed by Trent Simkins and Jody Simkins, hereinafter referred to as "mortgagor", dated October 14, 2005, in the original principal amount of $120, 1 02.00, payable to Mortgage electronic Registration systems, INC ("MERS"),. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of PO Box 2026, Flint MI 48501-2026, tel. (888) 679-MERS. GMAC Mortgage, LLC ("Lender"), and a real estate mortgage securing said mortgage note, of even date therewith which mortgage was recorded on October 17,2005, as Document No. 912869, in Book 601, Page 411, in the office of the Recorder of Lincoln County, State of Wyoming. Mortgagor has sold and conveyed the real estate described in and covered by the mortgage to Trent Simkins, hereinafter referred to as "purchaser"; Purchaser has assumed all of the obligations and liabilities imposed by the note and mortgage; for the property described as follows: 413 Happy Valley Ln. Afton, WY 83110 (Property Address) Mortgagor(s) has requested that he/she/they be released from further liability for the payment of the indebtedness and other charges payable on and under the note and mortgage, and the purchaser has consented and agreed to such release; For value received, the undersigned releases mortgagor from further liability for the payment of the indebtedness and other charges payable on and under the note and mortgage; Provided, that nothing herein shall (a) affect, alter or diminish the remaining balance of the principal with interest evidenced by the note described in and secured by the mortgage, or (b) affect, alter or diminish the lien or encumbrance of the mortgage on the mortgaged property described therein and covered thereby, or (c) affect, alter 0925632 000725 or diminish the remedies at law or in equity for recovering on the note and mortgage the balance of the debt, whether as principal, interest or otherwise, according to the provisions of the note and mortgage, or (d) affect the tenns and provisions of the note and mortgage or (e) be deemed to release any other of the obligors of the note and mortgage, whether primarily or secondarily liable thereon, all rights of recourse against the obligors being reserved by Mortgage Electronic Registration Systems, Inc. ("MERS"), as nominee for GMAC Mortgage, LLC. Date: December 13, 2006 D U..J.0i.).J ssistant Secretary State ofIowa, County of Black Hawk SS: The foregoing instrument was acknowledged before me on December 13, 2006, by Jenny Brouwe ssist t Secretary for Mortgage Electronic Registration Systems, Inc., ("MERS"), a Corporation, and that by authority y g ven nd the act of the Corporation the foregoing instrument was signed in its name. My commission expires: December 10, 2007 R 1'1. WEBER NOTARIAL SEAL· STATE OF IOWA COMMISSION NUMBER 713988 MY COMMISSION EXPIRES DEC. 10, 2007