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HomeMy WebLinkAbout947741RELEASE OF SECURITY AGREEMENT AND COLLATERAL ASSIGNMENT U -OV317 THE STATE OF WYOMING § COUNTY OF LINCOLN § In consideration of $10.00 and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned, as transferee under a certain %1^ Security Agreement and Collateral Assignment dated LgAe 1 , 2008 from SOUTHWEST GUARANTY PARTNERS, LLC to WELLS FARGO FOOTHILL, INC., duly recorded in the Official Public Records of Real Property of Lincoln County, Wyoming, under County Clerk's File No. q $ ~ ~ ~ o1- does hereby reassign to said SOUTHWEST GUARANTY PARTNERS, LLC without recourse, warranty or guaranty, express or implied, the following described note and the liens securing the same: C That one certain Promissory Note in the original principal sum of $2,100,000 dated June 16, 2008 executed by ROCKY MOUNTAIN ROGUES, INC., and payable to the order of SOUTHWEST GUARANTY, LTD., secured by, among other things, a Mortgage, Deed of Trust, Security Agreement and Assignment of Leases of even date therewith to A. KELLY WILLIAMS, Trustee, and an Assignment of Leases and Rents of even date therewith covering and describing that certain property in LINCOLN COUNTY, WYOMING, described on Exhibit "A" attached hereto and incorporated herein by reference for any and all purposes; and does hereby release and relinquish the above described note and liens securing the same from the aforesaid Security Agreement and Collateral Assignment. EXECUTED this day of --5~ t , 2008 RECEIVED 6/15/2009 at 11:02 AM RECEIVING # 947741 BOOK: 725 PAGE: 317 JEANNE WAGNER LINCOLN COUNTY CLERK. KEMMERER, WY WELLS FARGO FOOTHILL, INC. BY: NAME: TITLE: THE STATE OF TEXAS § COUNTY OF DALLAS § This instrument was acknowledged before me on the l ~C day of J v , 2008, by "-Sohn A Aa✓/ 5 I!i c~ ~~05ic~Pn-~- of WELLS FARGO FOOTHILL, INC., on behalf of said bank. am~~x O✓vUJ NO RY PUBLIC, STATE OF TEXAS ywwwwwaaawwwwwaw+wwaawaaaw ~,~.al} JANICE DAVIS $ a Ps • Holary Public, BhAe of Tpos, My Commistkm Espiroa 8I1-27»09 ~iaawwwaeaa ~ vww..wwwwwawwwawwww 2 Exhibit "A" UOV319 Part of Lot 601C of LAKEVIEW ESTATES INCORPORATED, TRACTS A-F, Lincoln County, Wyoming, on January 5, 1965, as Receiving No. 386448, as Plat No. 157, more particularly described as follows: Beginning at a point which is S29°05'W, 772.00 feet from the Northwest corner of SEl/4, Section 29, T37N, R118W of the 6th PM, Lincoln County, Wyoming and running thence S63°W, 205.00 feet; thence N27°W, 211.3 feet to right of way of U.S. Highway 89; thence Northeast along right of way U.S. Highway 89 around curve thereof to a point which is N27°W, 231.6 feet from beginning point; thence N27°E; 231.6 feet to the point of beginning