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Memorandum of Agreement
KNOW ALL PERSONS BY THESE PRESENTS that a Contract for Deed, hereinafter referred
to as the "Agreement," was made and entered on the i 0 t:h day of August 2007,
hereinafter referred to as the "Effective Date," by and between Darryl Hoxie and Katrina Hoxie,
husband and wife, of P.O. Box 805, Thayne, Wyoming 83127, hereinafter referred to as "Seller,"
and Tres Rios, LLC, a Wyoming limited liability company, of P.O. Box 1010, Jackson,
Wyoming 83001, hereinafter referred to as "Purchaser."
WITNESSETH:
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That the Seller hereby agrees to sell to Purchaser and Purchaser hereby agrees to purchase fÌ'om
Seller the following-described property situated in the Town of Alpine, County of Lincoln, State
of Wyoming, hereinafter referred to as the "Premises," and more particularly described as
follows:
542 Airport Drive, Alpine, Wyoming, and more specifically described on Exhibit "A,"
attached hereto and incorporated by reference herein.
Together with and including all improvements thereon and all appurtenances and
hereditaments thereunto belonging. Subject to all covenants, conditions, restrictions,
easements, reservations, and rights-of-way of sight and/or record.
1.01. Nature of Agreement
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The Agreement sets forth the terms upon which Purchaser will purchase the Premises fÌ'om Seller
and Seller will sell the Premises to Purchaser. Upon the expiration of the Term of the
Agreement, and provided that Purchaser is not in default with regards to the Agreement, Seller
will convey title to the Premises to Purchaser by Warranty Deed. Provided, however, that Seller
shall not be required to warrant title against any person, firm, or corporation claiming by or
through Purchaser.
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1.02. Term of Agreement
The term of the Agreement shall commence on the Effective Date, and shall run until the 1 sl day
of September, 2008, unless sooner terminated or longer extended by the mutual written
agreement of the parties hereto, provided that sufficient! additional consideration is provided for
such termination or extension. I
1.03. Taxes, Utilities and Insurance
Pursuant to the terms of the Agreement, Purchaser shall satisfy and pay all taxes, utilities and
insurance related to the Premises, and incurred subsequent to the Jöt1'tlay of August, 2007.
1.04. Seller's Assignment of Right of Redemption
The Agreement is entered into upon the express condition that Seller assigns to and designates
Buyer as the successor in interest and assignee of, in and to Seller's right of redemption accorded
to him under the laws of Wyoming that, in the event of a foreclosure of the Premises at anytime
during the term of this Agreement, as a person whose real property has been sold by virtue of an
execution, decree of foreclosure, or foreclosure by advertisement and sale pursuant to Wyoming
Statute § 1-18-103(a).
RECEIVED 8/10/2007 at 5:05 PM
RECEIVING # 932062
BOOK: 668 PAGE: 548
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER. WY
Memorandum of Agreement
Page - 1 of 3
1.05. Disposition and Encumbrance by Seller
Seller shall not dispose of the Premises, through sale, lease, or other conveyance, during the term
of the Agreement. Seller shall not in any manner encumber the Premises during the term of the
Agreement.
1.06.
Remaining Terms of Agreement
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The remaining terms of the Agreement are of a private nature between Purchaser and Seller and
are fully set forth in the Agreement. This Memorandum of Agreement is not intended to replace
or supersede the Agreement, but rather is simply intended to place the world on notice of the
Agreement between Purchaser and Seller.
IN WITNESS WHEREOF, the parties hereto have executed this Memorandum of Agreement.
SELLER:
Darryl Hoxie and Katrina Hoxie, husband and wife
Darryl Hoxie
Katrina Hoxie
PURCHASER:
TRES RIOS, LLC, a Wyoming limited liability company
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Memorandum of Agreement
Page - 2 of3
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County of -,/
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[SEAL]
Notary Public for the e of Wyoming
My Commission Expires:
STATE OF WYOMING }
County of
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TETON}
The foregoing Memorandum of Agreement was acknowledged before me before me by
Chris Flanagan, Emily Edington Flanagan, Gary Edington and Garrett Edington, as Members of
Tres Rios, LLC, a Wyoming limited liability company, Purchaser, on this \'0 daYß..IJSuS'--ef
August, 2007.
MELlS
County of
Teton
My Commlssl~Si
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Notary Public for the St~te of Wyoming
My Commission Expires: \~7(.1\ 0",
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Witness my hand and official seal.
MELISSA CAPENER· NOTARY PUBLIC
County QfSE State of
Teton l Wyoming
My Commission Expires 10/29/2007
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Notary Public. for the State 'ìf~YOrl
My CommIssIOn ExpIres: (:) - G\ ')'
Memorandum of Agreement
Page - 3 of 3
EXHIBIT "A"
That part ofGLO Lots 1 and 2, and that part of the E Y2 NW ~ of Section 19, Township 37
North, Range 118 West, Lincoln County, Wyoming, including part of vacated Lot 44 of Alpine
village Subdivision No.1 Plat 2 Amended of record in the Office of the Clerk of Lincoln County
as Plat No. 264, and all of that tract of record in said office in Book 606 Photostatic Record on
Page 840 described as follows:
BEGINNING at the Northwest comer of said Lot 44;
Thence North 67°06'35" East 55.09 feet, along the North line of said Lot 44, to a point;
Thence South 29°03'31" East 125.34 feet, to a point;
Thence North 68°13'44" East 110.95 feet, to a point;
Thence South 68°53 '36" East 198.95 feet, to a spike;
Thence South 24°07'22" East 262.55 feet, to a spike;
Thence South 00°00'04" East 191.98 feet, along a line parallel with the East line of said GLO
Lot 2, to a spike;
Thence South 71 °34'44" West 31.62 feet, to the Northerly most rebar of Lot 46 of said Plat No.
264, on the East line of said GLO Lot 2;
Thence South 00°00'04" East 107.37 feet, along said East line, to the Southeast surv-kap of said
tract in Book 606;
Thence South 89°58'15" West 498.75 feet, along the South line of said tract in Book 606, to a
surv-kap on the Palisades Reservoir Take Line;
Thence North 07°55'59" West 280.84 feet, along said Palisades Reservoir Take Line, to a comer;
Thence North 08°44'33" East 394.27 feet, along said Palisades Reservoir Take Line, to the
CORNER OF BEGINNING.
000551
Land Title Company
Underwriter - Commonwealth Land Title Insurance Company
Commitment Schedule A
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