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HomeMy WebLinkAbout938583 "'-!.",...... 6010816629 Return To: COUNTRYWIDE BANK, FSB MS SV-79 DOCUMENT PROCESSING P.O. Box 10423 Van Nuys, CA 91410-0423 RECEIVED 4/30/2008 at 11 :26 AM RECEIVING # 938583 BOOK: 693 PAGE: 230 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 000230 Prepared By: MICHELLE SALAS [Space Above This Line For Recording Data) WY 5 911 031 9 4 9 7 0 3 [Case It] 6010816629 [Escrow/Closing It] 00018989362704008 [Doc ID It] State of Wyoming MORTGAGE FHA Ca<¡e No. WY5 911 03194 9703 MIN 1001337-0003056397-0 THIS MORTGAGE ("Security Instrument") is given on APRIL 25, 2008 CHARLES JONES, AND KIM JONES, HUSBAND AND WIFE . The Mortgagor is 7 '_i ¿,. /. \ ./'y: ("Borrower"). This Security Instrument is given to Mortgage Electronic Registration Systems, Inc. ("MERS"), (solely as nominee for Lender, a<¡ 'hereinafter defined, and Lender's successors and assigns), as mortgagee. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS. COUNTRYWIOE BANK, FSB ("Lender") is organized and existing under the laws of THE UNITED STATES , and has an address of 1199 North Fairfax St, Ste.500, Alexandria, VA 22314 Borrower owes Lender the principal sum of TWO HUNDRED THIRTY SEVEN THOUSAND FIVE HUNDRED TEN and 00/100 Dollars (U.S. $ 237 f 510 , 00 ). This debt is evidenced by Borrower's note dated the same date a<¡ this Security Instrument ("Note"), which provides for monthly payment<¡, with the full debt, if not paid earlier, due and payable on MAY 01, 2038 . This Security Instrument secures to Lenèer: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenant<¡ and agreement<¡ under this Security Instrument and the Note. For this pUlpose, Borrower does hereby mortgage, grant and convey to MERS (solely as nominee for Lender and Lender's successors and assigns) and to the successors and a<¡signs of MERS with power of sale, the following described property located in LINCOLN County, Wyoming: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF, FHA Wyoming Mortgage with MERS - 4196 MERS FHA Mortgage-WY 2004N·WY (11/07)(d/i) Page 1 of 7 Amended 2/01 *23991* * 1 8 9 893 6 2 7 0 0 0 0 0 2 0 0 4 N * 000231 CASE #: WY5911031949703 Parcel ill Number: 12 311 93 5 1 0 0 53 4 0 0 which has the address of DOC ID #: 00018989362704008 Wyoming 1570 BITTERCREEK RD, AFTON [Street, City I ("Property Address"); 83110 [Zip Code] TOGETHER WITH all the improvement'J now or hereafter erected on the property, and all easement'J, appurtenances and fixtures now or hereafter a part of the property. AIl replacement'J and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understand'J and agrees that MERS hold'J only legal title to the interest'J granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the right: to exercise any or all of those interest'J, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demand'J, subject to any encumbrances of record. TillS SECURITY INSTRUMENT combines uniform covenant'J for national use and non-uniform covenant'J with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS, 1. Payment of Principal, Interest and Late Charge, Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2, Monthly Payment of Taxes, Insurance and Other Charges, Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessment'J levied or to be levied against the Property, (b) leasehold payment'J or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary, Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at any time, collect and hold amount'J for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 24 CPR Part 3500, as they may be amended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursement'J or disbursements before the Borrower's payment'J are available in the account may not be based on amounts due for the mortgage insurance premium, If the amounts held by Lender for Escrow Items exceed the amount'J permitted to be held by RESP A, Lender shall account to Borrower for the excess funds as required by RESP A. If the amount'J of funds held by Lender at any time are not sufficient to pay the Escrow Items when due, Lender may notify the Borrower and require Borrower to make up the shortage as permitted by RESP A. The Escrow Funds are pledged as additional security for all sums secured by this Security Instrument. If Borrower tenders to Lender the full payment of all such sums, Borrower's account shall be credited with the balance remaining for all installment items (a), (b), and (c) and any mortgage insurance premium installment that Lender ha'J not become obligated to pay to the Secretary, and Lender shall promptly refund any excess funds to Borrower. Immediately prior to a foreclosure sale of the Property or its acquisition by Lender, Borrower's account shall be credited with any balance remaining for all installments for items (a), (b), and (c). 3, Application of Payments, AIl payments under paragraphs 1 and 2 shall be applied by Lender a'J follows: First, to the mortgage insurance premium to be paid by Lender to the Secretary or to the monthly charge by the Secretary instead of the monthly mortgage insurance premium; Second, to any taxes, special a'Jsessment'J, leasehold payment,> or ground rents, and fire, flood and other hazard insurance premiums, as required; Third, to interest due under the Note; Fourth, to amortization of the principal of the Note; and Fifth, to late charges due under the Note. 4, Fire, Flood and Other Hazard Insurance, Borrower shall insure all improvements on the Property, whether now in existence or subsequently erected, against any hazard,>, ca,>ualties, and contingencies, including fire, for which Lender requires insurance. This insurance shall be maintained in the amount'J and for the periods that Lender requires. Borrower shall also insure all improvement,> on the Property, whether now in existence or subsequently erected, against loss by flood'J to the extent required by the Secretary. All insurance shall be carried with companies approved by Lender. The insurance policies and any renewals shall be held by Lender and shall include loss payable clauses in favor of, and in a form acceptable to, Lender. MERS FHA Mortgage-WY 2004N-WY (11/07) Page 2 of 6 000232 CASE #: WY5911031949703 DOC ID #: 00018989362704008 In the event of loss, Borrower shall give Lender immediate notice by mail. Lender may make proof of loss if not made promptly by Borrower. Each insurance company concerned is hereby authorized and directed to make payment for such loss directly to Lender, instead of to Borrower and to Lender jointly. AIlor any part of the insurance proceed~ may be applied by Lender, at it~ option, either (a) to the reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amounts applied in the order in paragraph 3, and then to prepayment of principal, or (b) to the restoration or repair of the damaged Property, Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly payments which are referred to in paragraph 2, or change the amount of such payment~. Any excess insurance proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto, In the event of foreclosure of this Security Instrument or other transfer of title to the Property that extinguishes the indebtedness, all right, title and interest of Borrower in and to insurance policies in force shall pass to the purchaser. S, Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan ApplIcation; Leaseholds, Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property a~ Borrower's principal residence for at least one year after the date of occupancy, unless Lender determines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall notify Lender of any extenuating circumstances, Borrower shall not commit wa~te or destroy, damage or substantially change the Property or allow the Property to deteriorate, reasonable wear and tear excepted. Lender may inspect the Property if the Property is vacant or abandoned or the loan is in default. Lender may take reasonable action to protect and preserve such vacant or abandoned Property. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing. 6, Condemnation, The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in place of condemnation, are hereby a~signed and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid under the Note and this Security Instrument. LendershalI apply such proceeds to the reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amount~ applied in the order provided in paragraph 3, and then to prepayment of principal. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly payment~, which are referred to in paragraph 2, or change the amount of such payments. Any excèss proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto. 7, Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay all governmental or municipal charges, fines and impositions that are not included in paragraph 2. Borrower shall pay these obligations on time directly to the entity which is owed the payment. If failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower fails to make these payments or the payment~ required by paragraph 2, or fails to perform any other covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's right~ in the Property (such a~ a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, including payment of taxes, hazard insurance and other items mentioned in paragraph 2. Any amount~ disbursed by Lender under this paragraph shall become an additional debt of Borrower and be secured by this Security Instrument. These amounts shall bear interest from the date of disbursement, at the Note rate, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or ( c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. S, Fees, Lender may collect fees and charges authorized by the Secretary. 9, Grounds for Acceleration of Debt. (a) Default. Lender may, except as limited by regulations issued by the Secretary, in the ca~e of payment defaults, require immediate payment in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by this Security Instrument prior to or on the due date of the next monthly payment, or MERS FHA Mortgage-WY 2004N-WY (11/07) Page 3 of 6 000233 CASE #: WY5911031949703 DOC ID #: 00018989362704008 (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. (b) Sale Without Credit Approval, Lender shall, if permitted by applicable law (including Section 341(d) of the Garn-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d» and with the prior approval of the Secretary, require immediate payment in full of all sums secured by this Security Instrument if: (i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transferred (other than by devise or descent), and (ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or grantee does so occupy the Property but his or her credit has not been approved in accordance with the requirements of the Secretary. (c) No Waiver, If circumstances occur that would permit Lender to require immediate payment in full, but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events. (d) Regulations of HUD Secretary, In many circumstances regulations issued by the Secretary will limit Lender's right~, in the case of payment default~, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. (e) Mortgage Not Insured, Borrower agrees that if this Security Instrument and the Note are not detennined to be eligible for insurance under the National Housing Act within 60 days from the date hereof, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. 10, Reinstatement, Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amount~ required to bring Borrower's account current including, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and rea~onable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11, Borrower Not Released; Forbearance By Lender Not a Waiver, Extension of the time of payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shaH not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12, Successors and Assigns Bound; Joint and Several Liability; Co-Signers, The covenant~ and agreement~ of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 9(b). Borrower's covenant~ and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co~signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the tenns of this Security Instrument or the Note without that Borrower's consent. 13. Notices, Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflict~ with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15, Borrower's Copy, Borrower shall be given one confonned copy of the Note and of this Security Instrument. MERS FHA Mortgage-WY 2004N-WY (11/07) Page 4 of 6 000234 CASE #: WY5911031949703 DOC ID #: 00018989362704008 16, Hazardous Substances, Borrower shall not cause or permit the presence, use, disposal, storage, or relea<Je of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property, Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shaIl promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: ga<Joline, kerosene, other flammable or toxic petroleum product<J, toxic pesticides and herbicides, volatile solvents, materials containing a<Jbestos or formaldehyde, and radioactive materials. Á<J used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree a<J follows: 17, Assignment of Rents, To the extent permitted by applicable law, Borrower unconditionally a<Jsigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rent<J to Lender or Lender's agent<J. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This a<Jsignment of rents constitutes an absolute assignment and not an a<Jsignment for additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shaIl be entitled to collect and receive all of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower ha<J not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising it<J right<J under this paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judiciaIly appointed receiver may do so at any time there is a breach. Any application of rents shaIl not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property shaIl terminate when the debt secured by the Security Instrument is paid in full. 18, Foreclosure Procedure, If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law, Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence, If Lender invokes the power of sale, Lender shall give notice of intent to foreclose to Borrower and to the person in possession of the Property, if different, in accordance with applicable law. Lender shall give notice of the sale to Borrower in the manner provided in paragraph 13, Lender shall publish the notice of sale, and the Property shall be sold in the manner prescribed by applIcable law, Lender or its designee may purchase the Property at any sale, The proceeds of the sale shall be applIed in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it, If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U,S,C, 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act, Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. 19, Release. Upon payment of all sums secured by this Security Instrument, Lender shaIl relea<Je this Security Instrument. Borrower shaIl pay any recordation costs. Lender may charge Borrower a fee for relea<Jing this Security Instrument, but only if the fee is paid to a third par.ty for services rendered and the charging of the fee is permitted under applicable law. 20, Waivers, Borrower waives all right<J of homestead exemption in the Property and relinquishes all rights of curtesy and dower in the Property. MERS FHA Mortgage-WY 2004N-WY (11/07) Page 5 of 6 000235 CASE #: WY5911031949703 DOC ID #: 00018989362704008 21, Riders to this Security Instrument, If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shaIl be incorporated into and shall amend and supplement the covenants and agreement~ of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)]. D Condominium Rider D Growing Equity Rider D Other [specify] D Planned Unit Development Rider D Graduated Payment Rider BY SIGNING BELOW, Borrower accept~ and agrees to the terms contained in this Security Instrument and in any rider(s) executed by Borrower and recorded with it. ~c2~ CHARLES JaRES (Seal) -Borrower Kçjfj:r (Seal) -Borrower (Seal) -Borrower (Seal) -Borrower STATE OF WYOMING, . ss: t-llA--.Lñ L~ :;LoO~ by ~ My Commission Expires: TERESA K. ANDERSON· NOTARY PUBLIC County of State .of Lincoln Wyommg My Commission Expires September 22, 2011 MERS FHA Mortgage-WY 2004N-WY (11/07) Page 6 of 6 Prepared by: MICHELLE SALAS COUNTRYWIDE BANK, FSB 000236 DATE: 04/25/2008 CASE#: WY5911031949703 DOCID#: 00018989362704008 BORROWER: CHARLES JONES PROPERTY ADDRESS: 1570 BITTERCREEK RD AFTON, WY 83110-____ Office #: 0000567 3806 DELL RANGE BLVD, UNIT B-9 CHEYENNE, WY 82009 Phone: (307) 632-0194 Office Fax No,: (307) 632-1874 LEGAL DESCRIPTION EXHIBIT A The land refened to in this document is situated in the State of Wyoming, County of Lincoln, and is described as follows: Part of East Half of the Northeast Quarter of Section 35 and that part of the West Half of the Northwest Quarter of Section 36, Township 31 North Range 119 West of the 6th P.M., Lincoln County, Wyoming being all that tract of record in the Office ofthe Clerk of Lincoln County in Book 391PR OJIpage 808, and part of that tract of record ill Book 391PR on page 810, described as follows: BEGINNING at the northeast corner of the Southwest Quarter of the Northwest Quarter of said Section 36; thence South 89°32 '37" West, 86,7 feet, along the north line of said Southwest Quarter of the Northwest Quarter, to the approximate thread of Salt River; thence coursing along said approximate thread as follows: North 47°48'40" West, 158,5 feet; North 21°01'12" West, 104.8 feet; North 39°14'35" West, 340,9 feet; North 61 °58'36" West, 44.3 feet, and leave said thread; thence South 63°15'26" West, 219 feet, more or less, to the northern most point of said tract of record in Book 391PR on page 808; thence continuing South 63°15'26" West, 170,06 feet, to a point at an existing fence corner; thence South 60°00'29" West, 208.88 feet, to a point; thence South 39°51 '06" East, 59,34 feet, to a point on an existing fence line; thence coursing along said fence as follows: South 43°36'54" West, 268,76 feet, to a point; North 73°45'04" West, 118,07 feet, to a point; North 59°30'13" West, 56.28 feet, to a point; South 71 °37'23" West, 57,14 feet, to a point; South 56°22'15" West, 93,68 feet, to a point; South 63°41'05" West, 90,65 feet, to a point; South 70°17'58" W,est, 46.42 feet, to a point, and leave said fence; thence North 85°30'00" West, 34.45 feet, to a point on the easterly right of way line of Bitter Creek County 'Road No, 12-140; thence South 85°07'.47" West, 30.00 feet, along the radial line of a circular curve to the left, with a radius of 1112,18 feet, to PC 348+14.45, on the centerline of said County Road No. 12-140; thence southeasterly, 458;28 feet, along the arc of said circular curve to the left, through a central angle of 23°36'33", and a chord bearing South 16°40'30" East, 455,05 feet to PT 352+72.75; thence South 28°28'46" East, 28.88 feet, to a spike and leave said centerline; thence North 61 °31' 14" East, 30,00 feet, to a point on said easterly right of way line; thence South 89°33'24" East, 1484.61 feet, to a point on the east line of said Southwest Quarter of the Northwest Quarter; thence North 00°00'33" East, 553,72 feet, along said east line to the corner of beginning.