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HomeMy WebLinkAbout938917 .. . , . ¢!: ¡ ~.~ Position 5 FSA 1927-1 WY (10-28+03) UNITED STATES DEPARTMENT OF AGRICULTURE Fann Service Agency MORTGAGE FOR WYOMING 00.291. THIS MORTGAGE ("instrument") is made on May 6 and Tracy Thornock 20 08 . The mortgagor iSJason John Thornock ,- ("Borrower") whose mailing address is PO Box 161 Cokeville, WY 83114 . This instrument is given to the United States of America, acting through the Farm Service Agency, United States Department of Agriculture ("Government") located at 508 N Broadway Ave. Riverton, WY 82501 This instrument secures the following promissory notes, assumption agreements, and/or shared appreciation agreements (collectively called "note"), which have been executed or assumed by the Borrower unless otherwise noted, are payable to the Government, and authorize acceleration of the entire debt upon any default: Date of Instrument 05/06/2008 Principal Amount $33,000.00 Annual Rate of Interest 3.125% Due Date of Final Installment 01/01/2015 RECEIVED 5/12/2008 at 11 :20 AM RECEIVING # 938917 BOOK: 694 PAGE: 291 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY (The interest rate for any limited resource farm ownership or limited resource operating loans secured by this instrument may be increased as provided in Government regulations and the note.) By execution of this instrument, Borrower acknowledges receipt of all of the proceeds ofthe loan or loans evidenced by the above note. This instrument secures to the Government: (1) payment of the note and all extensions, renewals, and modifications thereof; (2) recapture of any amount due under any Shared Appreciation Agreement entered into pursuant to 7 U.S. C. § 2001; (3) payment of all advances and expenditures, with interest, made by the Government, and (4) the obligations and covenants of Borrower set forth in this instrument, the note, and any other loan agreements. In consideration of any loan made by the Government pursuant to the Consolidated Farm and Rural Development Act, 7 U.S.C. § 1921 ª seq. as evidenced by the note, Borrower irrevocably mortgages, grants ~nd conveys to the Government the following described property situated in the State of Wyoming, County or Counties of Llncoln See attached Exhibit A for legal description. together with all rights (including the rights to mining products, gravel, oil, gas, coal or other minerals), interests, easements, fixtures, hereditaments, appurtenances, and improvements now or later attached thereto, the rents, issues and profits thereof, revenues and income therefrom, all water, water rights, and water stock pertaining thereto, and all payments at any time owing to Borrower by virtue of any sale, lease, transfer, or condemnation of any part thereof or interest therein (collectively called "the property"). This instrument constitutes a security agreement and fmancing statement under the Uniform Commercial Code and creates a security interest in all items which may be deemed to be personal property, including but not limited to proceeds and accessions, that are now or hereafter included in, affixed, or attached to "the property." Borrower COVENANTS that Borrower is lawfully seised 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 the title to the property against all claims and demands, subject to any encumbrances of record. This instrument combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform mortgage covering real property. Initial ~ \ date s;/ tlý/ðf3 ~ FSA 1927-1 WY (10-28-03) Page 1 of6 UNIFORM COVENANTS. Borrower COVENANTS AND AGREES as follows: 000292 1. Payment. Borrower shall pay promptly when due any indebtedness to the Government secured by this instrument. ,2." ~~~.\ :Bprrower shall pay to the Government such fees and other charges that may now or later be required by Gó'Vernment regulatìons. 3. Application of payments. Unless applicable law or Government's regulations provide otherwise, all payments received by Government shall be applied in the following order of priority: (a) to advances made under this instrument; (b) to accrued interest due under the note; (c) to principal due under the note; (d) to late charges and other fees and charges. 4. Taxes, liens, etc. Borrower shall pay when due all taxes, liens, judgments, encumbrances, and assessments lawfully attaching to or assessed against the property and promptly deliver to the Government without demand receipts evidencing such payments. . d· dd' . 1 . 11 h . h . 1 d . . () th d f 5. Assignment. Borrower grants an assIgns as a Ihona securIty ate ng t, tIt e an mterest m: a e procee so any award or claim for damages, direct or consequential, in connection with any condemnation or taking by eminent domain or otherwise of any part of the property, or for conveyance in lieu of condemnation; (b) all bonuses, rentals, royalties, damages, delay rentals and income that may be due or become due and payable to the Borrower or Borrower's assigns under any existing or future oil, gas, mining or mineral lease covering any portion of the property; and (c) all rents, issues, profits, income and receipts from the property and from all existing or future leases, subleases, licenses, guaranties and any other agreements for the use and occupancy of any portion of the property, including any extensions, renewals, modifications or substitutions of such agreements. Borrower warrants the validity and enforceability of this assignment. Borrower authorizes and directs payment of such money to the Government until the debt secured by this instrument is paid in full. Such money may, at the option of the Government, be applied on the debt whether due or not. The Government shall not be obligated to collect such money, but shall be responsible only for amounts received by the Government. In the event any item so assigned is determined to be personal property, this instrument will also be regarded as a security agreement. Borrower will promptly provide the Government with copies of all existing and future leases. Borrower warrants that as of the date of executing this instrument no default exists under existing leases. Borrower agrees to maintain, and to require the tenants to comply with, the leases and any applicable law. Borrower will obtain the Government's written authorization before Borrower consents to sublet, modify, cancel, or otherwise alter the leases, or to assign, compromise, or encumber the leases or any future rents. Borrower will hold the Government harmless and indemnify the Government for any and all liability, loss or damage that the Government may incur as a consequence of this assignment. 6. Insurance. Borrower shall keep the property insured as required by and under insurance policies approved by the Government and, at its request, deliver such policies to the Government. Ifproperty is located in a designated flood hazard area, Borrower also shall keep property insured as required by 42 U.S. C. § 4001 ~~. and Government regulations. All insurance policies and renewals shall include a standard mortgagee clause. 7. Advances by Government. The Government may at any time pay any other amounts required by this instrument to be paid by Borrower and not paid by Borrower when due, as well as any cost for the preservation, protection, or enforcement of this lien, as advances for the account of Borrower. Advances shall include, but not be limited to, advances for payments of real property taxes, special assessments, prior liens, hazard insurance premiums, and costs of repair, maintenance, and improvements. All such advances shall bear interest at the same rate as the note which has the highest interest rate. All such advances, with interest, shall be immediately due and payable by Borrower to the Governmentwithout demand. No such advance by the Government shall relieve Borrower from breach of Borrower's covenant to pay. Any payment made by Borrower may be applied on the note or any secured debt to the Government, in any order the Government determines. 8. Protection of lien. Borrower shall payor reimburse the Government for expenses reasonably necessary or incidental to the protection of the lien and its priority and the enforcement or compliance with this instrument and the note. Such expenses include, but are not limited to: costs of evidence of title to, and survey of, the property, costs of recording this and other instruments; attorneys' fees; trustees' fees, court costs; and expenses of advertising, selling, and conveying the property. 9. Authorized purposes. Borrower shall use the loan evidenced by the note solely for purposes authorized by the Government. 10. Repair and operation of property. Borrower shall: (a) maintain improvements in good repair; (b) make repairs required by the Government; (c) comply with all farm conservation practices and farm management plans required by the Government, and (d) operate the property in a good and husbandlike manner. Borrower shall not (e) abandon the property; (t) cause or permit waste, lessening or impairment of the property; or (g) cut, remove, or lease any timber, gravel, oil, gas, coal, or other minerals without the written consent of the Government, except as necessary for ordinary domestic purposes. 11. Legal compliance. Borrower shall comply with all laws, ordinances, and regulations affecting the property. 12. Transfer or encumbrance of property. Except as provided by Government regulations, the Borrower shall not lease, assign, sell, transfer, or encumber, voluntarily or otherwise, any ofthe property without the written consent ofthe Government. The Government may grant consents, partial releases, subordinations, and satisfactions in accordance with Government regulations. Initial~ date ("/"6/~ FSA 1927-1 WY (10-28-03) Page 2 of6 '\\ 000293 13. Inspection. At all reasonable times the Government may inspect the property to ascertain whether the co~enantsand agreements contained in this instrument are being perfonned. 14. Hazardous substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any hazardous substances on or in the property. The preceding sentence 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 use and maintenance of the property. Borrower covenants that Borrower has made full disclosure of any such known, existing hazardous conditions affecting the property. Borrower shall not do, nor allow anyone else to do, anything affecting the property that is in violation of any federal, state, or local environmental law or regulation. Borrower shall promptly give the Government 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 or regulation 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 substance affecting the property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with applicable environmental law and regulations. As used in this paragraph, "hazardous substances" are those substances defined as toxic or hazardous substances by environmental law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or fonnaldehyde, and radioactive materials. As used in this paragraph, "environmental law" means Federal laws and regulations and laws and regulations of the jurisdiction where the property is located that relate to health, safety or environmental protection. 15. Adjustment; release; waiver; forbearance. In accordance with Government regulations, the Government may (a) adjust the interest rate, payment, terms or balance due on the loan, (b) increase the mortgage by an amount equal to deferred interest on the outstanding principal balance, (c) extend or defer the maturity of, and renew and reschedule the payments on the note, (d) release any party who is liable under the note from liability to the Government, (e) release portions of the property and subordinate its lien, and (f) waive any other of its rights under this instrument. Any and all of this can and will be done without affecting the lien or the priority of this instrument or Borrower's liability to the Government for payment ofthe note secured by this instrument unless the Government provides otherwise in writing. HOWEVER, any forbearance by the Government - whether once or often - in exercising any right or remedy under this instrument, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. 16. Graduation. If the Government determines that Borrower may be able to obtain a loan from a responsible cooperative or private credit source at reasonable rates and terms for loans for similar purposes and periods of time, Borrower will, upon the Government's request, apply for and accept such a loan in sufficient amount to pay the note secured by this instrument and to pay for stock necessary to be purchased in a cooperative lending agency in connection with such loan. 17. Forfeiture. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that in the Government's good faith judgment could result in forfeiture of the property or otherwise materially impair the lien created by this instrument or the Government's security interest. Borrower may cure such default by causing the action or proceeding to be dismissed with a ruling that precludes forfeiture of the Borrower's interest in the property or other material impainnent of the lien created by this security instrument or the Government's security interest. 18. False statement. Borrower also shall be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to the Government (or failed to provide the Government with any material information) in connection with the loan evidenced by the note. 19. Cross Collateralization. Default under this instrument shall constitute default under any other security instrument held by the Government and executed or assumed by Bon-ower. Default under any other such security instrument shall constitute default under this instrument. 20. Highly erodible land; wetlands. Any loan secured by this instrument will be in default if Borrower uses any loan proceeds for a purpose that will contribute to excessive erosion of highly erodible land or to the conversion of wetlands to produce an agricultural commodity as provided in 7 C.F.R. part 1940, subpart G, or any successor Government regulation. 21. Non-discrimination. If any part of the loan for which this instrument is given shall be used to finance the purchase, construction or repair of property to be used as an owner-occupied dwelling (herein called "the dwelling") and if Borrower intends to sell or rent the dwelling and has obtained the Government's consent to do so (a) neither Borrower nor anyone authorized to act for Borrower will, after receipt of a bona fide offer, refuse to negotiate for the sale or rental of the dwelling or will otherwise make unavailable or deny the dwelling to anyone because of race, color, religion, sex, national origin, disability, familial status or age, and (b) Borrower recognizes as illegal and hereby disclaims, and will not comply with or attempt to enforce any restrictive covenants on the dwelling relating to race, color, religion, sex, national origin, disability, familial status or age. Initia? L date <'"$"ß8 FSA 1927-1 WY (10-28-03) Page 3 of6 ~1 0('-'-'14 22~ Notices. Notices given under this instrument shall be sent by certified mail unless otherwise required by law. Such notices shall be addressed, unless and until some other address is designated in a notice, in the case of the Government to the State Executive Director of the Farm Service Agency at the mailing address shown above, and in the case of Borrower at the address shown in the Government's Finance Office records (which normally will be the same as the mailing address shown above). 23. Governing law; severability. This instrument shall be governed by Federal law. If any provision of this instrument or the note or its application to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of this instrument or the note which can be given effect without the invalid provision or application. The provisions of this instrument are severable. This instrument shall be subject to the present regulations of the Government, and to its future regulations not inconsistent with the express provisions hereof. All powers and agencies granted in this instrument are coupled with an interest and are irrevocable by death or otherwise, and the rights and remedies provided in this instrument are cumulative to remedies provided by law. 24. Successors and assigns; joint and several covenants. The covenants and agreements of this instrument shall bind and benefit the successors and assigns of Government and Borrower. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this instrument but does not execute the Note: (a) is co-signing this instrument only to mortgage, grant and convey that Borrower's interest in the property under this instrument; (b) is not personally obligated to pay the sums secured by this instrument; and (c) agrees that the Government and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this instrument or the note without that Borrower's consent. 25. No merger. Ifthis instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the property, the leasehold and the fee title shall not merge unless the Government agrees to the merger in writing. If the property is conveyed to the Government, title shall not merge (unless the Government elects otherwise) and the lien provided under this instrument shall not be affected by such conveyance. 26. Time is of the essence. Time is of the essence in the Borrower's performance of all duties and obligations under this instrument. .. NON-UNIFORM COVENANTS. Borrower further COVENANTS AND AGREES as follows: 27. Default; death; incompetence; bankruptcy. Should default occur in the performance or discharge of any obligation in this instrument or secured by this instrument, or should the Borrower die or be declared incompetent, or should the Borrower be discharged in bankruptcy or declared an insolvent or make an assignment for the benefit of creditors, the Government, at its option, with or without notice, may: (a) declare the entire amount unpaid under the note and any debt to the Government hereby secured immediately due and payable, (b) for the account of Borrower incur and pay reasonable expenses for repair or maintenance of, and take possession of, operate or rent the property, (c) upon application by it and production of this instrument, without other evidence and without notice of hearing of said application, have a receiver appointed for the property, with the usual powers of receivers in like cases, (d) foreclose this instrument and sell the property as prescribed by law, and (e) enforce any and all other rights and remedies provided herein or by present or future law. 28. State law. Borrower agrees that the Government will not be bound by any present or future State laws, (a) providing for valuation, appraisal, homestead or exemption of the property, (b) prohibiting maintenance of any action for a deficiency judgment or limiting the amount thereof or the time within which such action must be brought, (c) prescribing any other statute of limitations, (d) allowing any right of redemption or possession following any foreclosure sale, or (e) limiting the conditions which the Government may by regulation impose, including the interest it may charge, as a condition of approving a transfer ofthe property to a new Borrower. Borrower expressly waives the benefit of any such State laws. 29. Assignment of leases and rents. Borrower agrees that the assignment of leases and rents in this instrument is immediately effective on the recording of this instrument. Upon default, the Borrower will receive any rents in trust for the Government, and Borrower will not commingle the rents with any other funds. Any amounts collected shall be applied at the Government's discretion fIrst to costs of managing, protecting and preserving the property, and to any other necessary related expenses. Any remaining amounts shall be applied to reduce the debt evidenced by the note(s). Borrower agrees that the Government may demand that Borrower and Borrower's tenants pay all rents due or to become due directly to the Government if the Borrower defaults and the Government notifies Borrower of the default. Upon such notice, Borrower will endorse and deliver to the Government any payments of rents. If the Borrower becomes subject to a bankruptcy, then Borrower agrees that the Government is entitled to receive relief from the automatic stay in bankruptcy for the purpose of enforcing this assignment. 30. Application of foreclosure proceeds. The proceeds of foreclosure sale shall be applied in the following order to the payment of: (a) costs and expenses incident to enforcing or complying with this instrument, (b) any prior liens required by law or a competent court to be so paid, (c) the debt evidenced by the note and all other debt to the Government secured by this instrument, (d) inferior liens of record required by law or a competent court to be so paid, (e) at the Government's option, any other debt of Borrower to the Government, and (t) any balance to Borrower. If the Government is the successful bidder at foreclosure or other sale of all or any part of the property, the Government may pay its share of the purchase price by crediting such amount on any debts of Borrower owing to the Government in the order prescribed above. Initial :s-r date q/5 /Í:JÇ? \"\ FSA 1927-1 WY (10-28-03) Page 4 016 o - - - 95 31. Power of Sale. At the option of the Government this mortgage may be foreclosed by action or advertisement under Power of Sale as provided by law and statute, and Borrower here irrevocably vests in the Government the statutory Power of Sale. 32. Surplus Proceeds. Borrower hereby assigns to the Government all Borrower's rights under Wyoming law, or any other legal authority, tosufplus proceeds and/or surplus funds remaining after the sale of the security property under statutory Power of Sale procedures or any foreclosure sale, or similar sale, exercised by any foreclosing or other party and hereby waives any claim against any officer or any other person making such sale for paying said surplus to the Government. 33. Grazing Permits. Borrower hereby assigns or waives in favor of the Government all grazing privileges, permits, licenses, or leases appurtenant to or used in connection with said land, and Borrower further covenants and agrees to execute any and all forms and documents that may be necessary and/or required by Government to effect said assignment or waiver and further covenants and agrees to procure renewals thereof prior to their expiration and to pay all fees and charges and to perform all acts and do things necessary to keep and preserve all said grazing rights and renewals thereof, and in the event of the failure of Borrower to do any of these things these the Government may do so on behalf of Borrower, including advancing such sums as may be necessary for this purpose, and such funds advanced shall be secured by the instrument. By signing below, Borrower accepts and agrees to the terms and covenants contained in this instrument and in any rider executed by Bon'ower and recorded with this instrumeht. (SEAL) \¿~~~ \\~AL) , (SEAL) (SEAL) ACKNOWLEDGMENTS STATE OF WYOMING COUNTY OF Llll CO! r\ } ss. (Individual) On this tlit day n~ ~ J- q-jp the year ,;Za:z.\", befn'. me, the undersigned, p=onaUy appeared e:JJJ"ft)F? \t,1t f7 Tk í /1 :If-· I rûc y IlKY n oc t:- to be known to me to be same whose name is subscribed to the foregoing instrument, and acknowledged that (he or she) signed and delivered the instrument as (his or her) free and voluntary acts, for the uses and purposes set forth. My commission expires: 1H/~(o ROXIE JENKINS COUNTY OF LINCOLN NOTARY PUBLIC STATE OF WYOMING C;;¿. ~J~ ' ~ NOTARY PUBLIC Initial ~ date ~ /-6 /cPg T\ FSA 1927-1 WY (10-28-03) Page 5 0[6 Note.' Page 6 of 6 applies to entities only and will not be recorded for individuals, STATE OF WYOMING COUNTY OF } ss. (Corporation) 000296 The foregoing instrument was acknowledge before me this , President and day of , by , Secretary corporation, on behalf of the of , a corporation. My commission expires: NOTARY PUBLIC STATE OF WYOMING COUNTY OF }ss, (Partnership) The foregoing instrument was acknowledged before me this day of , by , Partners, on behalf of the ,a partnership. My commission expires: NOTARY PUBLIC Initial - date FSA 1927-1 WY (10-28-03) Page 60f6 Kxhibit A File 60107 160(i7 Description 000297 The land relerrç:d 10 in this document is situated ill the State of Wyoming, County at' Lincoln, and is de~l:ribl·d liS follnws: Parcel I Resurvey Township 24 North Range 119 "Vest of the Gill P.M., Lincolll County Wyoming Section 6: That part of Lot IS of Section 6; and that part ofReslIrvey Tract 109 lying Westerly oj' the centerlinc uf the Bear River; and, Lots 49 Hnd 50; Section 7: Lots 12,23 and 24, and t/int part of Tract J2l lying Westerly of the ccnterlinc offlle Bear River; Resurvey Township 24 North Range 119 West and Resurvey Township 24 North Range l20West' ofthe 6th P.M., Lincoln County, 'Wyoming. Triose porlÏolIs o "Tracts B4, 85 lllld 86 Iyillg Westerly of the centedine of Bear River described Wi follows: BEGINNING at Tract corner 6/RS and 3/84 in Township 24 North Range 119 West of the 6th P.M.; Hud, f'ufllling thencc lIasI' 205 feet to tilL' center of the Beal" River; IIll'IICC North .1 t)"311' West, 690 ree!'; /'I1l'nec North 2]°¿IS' \Vest, 496 fecI'; ('hellce North :!7°JO' West, 460 feet; 11It'lIce Nodh 21° "Vest, 2114 feel; Iht'lIce North 14" 'Vest, /25 fect; thence North 33°30' 'Vest, 374 feet; (11t~lIl'() Nonh 46" West, 320 feel; t, tht'lIc!.: Nodh :h," West, 405 feet; thellce Nor!'h Jl-l°45' West, '69 feet; ¡t!flI:C Nor!'h LI"30' \Vl~st, 310 feet; ~heJlt·(~ Norl II 5"JO' I~:¡.'it, 723 feet; thcllce 0Ior!1I 43° ICast, 2R5 feet; fhellce North 22"30' Eas!', 484 fect; ¡!ll'lIce Nonh W'J/)' l!:nst, (,98 fect; ¡ hl,rll"C Wcst [(¡::i3 feet; rhclItc SOlllh 44' East, 2(¡74 reel; IIIUlll'C I~:L~I, ! :no red; illl'IIl'l' ....ollllt ~I! ' I!:asl, '.!.I1)I) rl~Cf; ¡hl'nt'\.! I~::ts(, /:l2() fce( 10 the PL:\('I~ OF ImCINNING. 000298 IhslIn'c.\' Township 2~1 North Range 120 West of the 6th P.M., Lincoln COllnty, Wyoming Sedion I: SOllt ¡ !-I nil" 01" ¡'he Southeast Quarter; SCl'lion J: Lot ~, I~ilst of property line/fence Huc as describe by SlIveyor Scherbcl, LTD Oil thl: '\-Iap recl}nlcd in thc Lincoln County Clerk's Oriice as ¡Vlap 21 COli ,lnnllary 5, 19lJ4; Scclinn 9: Lot 7, South of the property line/fence line as describe by Sl1l"Vcyor SclJerbcl, Ll' ) on thl'l\'Iap recorded ill the Lincoln Cotlnty Clerl(',~ Office as Mill' 21 C on January 5, ¡ 1)9~; ScdiulI 12: Northe~st QlJarter; Sectioll 14: Nort'hwcst Quarter of the Northwest Quarter; l{csllrveyTrads41 '/\,41 Cand41 D,and llesurveyTract45; That' part or Iksttrvey Tract IJO lying westerly or the ccnterline of the Be~lr River Resurvey Township 25 North R~1Ilge 119 \Vest of the 6th P.M., Lincoln County, Wyorning Sedion 21: Lots 3D, 32 ¡IIHI 34; Section 28: Lots 2, 4, 5, 7,11,13, J6, 34 alltl40; Slofc(jOf) 21): Lots 34,36 :1111:1 37; SectioJl 3'1: 'fhnt part of Lot 5, lying North oUhe property line/fence line ns described l1y Stlneyo " Scherbel, LTD on the Map recorded in the Lincoln County Clerl{'s Office as Map 2 C on .J::J IlIlll ry S, 1994 SecfiolJ J ~: Lot 7 Scl'!jon JJ: Lots H, 9, /4, 15,25,26,32 and 42; TI1<1f part o " nesurve,Y Tract 61, lying West o ('the OregolJ Shortlinc RaiJnlild l"ight ofwny. LESS AND EXCEI'T Ihe land described ill '.-VarrHllty Deed recorded September 18, 1007 in Book (¡73 011 page 792 of the record.s of the Lincoln County Clerk. ThaI parI' of Resurvey Trnct 5J.lying East ofthc property line/fence line as dC.'icrihed by Surveyor Scherbel, LTD Oil tllC 1'1 lap recorded iJl the LilH:ollI COUllty Clerk's Of1ìcc as Map 21 C 0/1 .J~llllJ~¡ry 5, 19tJ4. 1'tL::i\lJ"\'L:Y TraL:l 5(1; Resuryey Trild' 57; Resurvey Tnu:t 58; alJd Resurvey Tract 59 HC,'iIIr\'l')' Tnlct 60 and thaI: ponjolJ 01' Resurvey Tract 76 lying Westerly of the centerlinc of till: near River. SOli I h Half of TrilL:\: gO B alld SOIl!h Half ofTrad HI, dcscrihed as f( l ow,'i: Bcginlling at fhe SIJu1hl:asf corner ofTnH:t HO B alld running tJlcncc NOJ'tIJ 16' We,~t, .:JO,70 dw ills; IIIl'IIl'C SOllth 1)1)U I)' Wes!', 20 chains; tllCJll'C Wts! 2() chains; I ill'lIfL' ,';IJIIIIJ '/ (I' Ea~L 40,HO c!laill,) In rht, SIJlllhwêst l'orncr Ill' Trad ~¡ I; ¡¡¡('nt"(' 1'::1,1,1 20 cilains (0 I ill: ')1I1I(I1\\'I~S( I:UI'IICr ofTI'll!:! XO B; 11Il'IH'C \01'(11 ;,;WJJI)' Easr, 20 l'l1:1ills 10 Ille poillr (If IJeginnillg, ,\11 I !i:11 pad III' 1~l',';lIn c,\' '[',.;ll'l 121) ,'íllg WI:~tl'rlv oj' flll~ el'lItl'rJill(~ flf Be:\ " IUI'l'r, Part:cl .:. Th~\t part of Tract No, 61 or Hesurvey Towllship :!5 North, Hangc 119 \Vest, Lin(;oln COllllt)', WyiJmillg boullded alld described as follows: 011 1'110 North lille by the North line of said Tl'Hct No. 61; Oil t'fJe SOlll'h by the South line of said Tract; Oil the West hy the thread of the channel of the Bear River and the West line of said Tract; and OJl the Œast by !'fIe WL'sl' right-of-way lille of till! Oregon Short Line Railroad; 000299 J~XCl~PTING TIIEIŒFROM tllnt tract of record in the O/'lice of the CI~rk of Lincoln COlllICy in Book 25 of' Dced.~ Oil page 460 as convcyed to the Union PacilÌl: Railroad Company. l' l