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HomeMy WebLinkAbout950094PARTIAL RELEASE Recitals Reference is made to that certain Deed of Trust, Mortgage, Line of Credit Mortgage, Assigmment, Security Agreement, Fixture Filing and Financing Statement dated effective as of April 16, 2003, from St. Mary Land & Exploration Company, et al ("Mortgagor') to Jay Chemosky, Trustee, First American Title Company of Utah, Trustee (for Utah properties only) and Wachovia Bank, National Association, as Administrative Agent , a counterpart of which is recorded, among other places, in the office of the County Clerk of Lincoln County, Wyoming under File No. 889463, Book 518, Page 747 of the Official Public Records of Real Property of Lincoln County, Wyoming, and to that certain Supplement and Amendment to Deed of Trust, Mortgage, Line of Credit Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement dated effective as of April 14, 2009 from Mortgagor to Jay Chernosky, for the benefit of Administrative Agent, a counterpart of which is recorded, among other places, in the office of the County Clerk of Lincoln County, Wyoming at Book 721, Page 859 of the Official Public Records of Real Property of Lincoln County, Wyoming (the "Mortgage"). St. Mary Land & Exploration Company has agreed to assign to Beartooth Oil & Gas Co. certain properties located in Lincoln County, Wyoming as more particularly described on Exhibit "A" attached hereto and made a part hereof for all purposes (the "Conveyed Interests"); and, as a result of said assignment, Mortgagor hereby requests that Administrative Agent execute this Partial Release. NOW THEREFORE, for and in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Administrative Agent has RELEASED and DISCHARGED, and by these presents does hereby RELEASE and DISCHARGE the Conveyed Interests, and all "Collateral" and "proceeds of Collateral" (as such terms are defined in the Mortgage) attributable to the Conveyed Interest, from the liens and security interests created by the Mortgage. The Administrative Agent hereby further terminates the assignment of "production" and "Proceeds of Production" made in favor of the Administrative Agent under Article III of the Mortgage insofar and only insofar as said assignment relates to the Conveyed Interests. IT IS EXPRESSLY UNDERSTOOD AND AGREED THAT THIS IS A PARTIAL RELEASE RELATING SOLELY TO THE CONVEYED INTEREST (AND ANY COLLATERAL OR PROCEEDS OF COLLATERAL ATTRIBUTABLE RECEIVED 10/19/2009 at 3:36 PM RECEIVING # 950094 BOOK: 734 PAGE: 166 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY OU167 THERETO). THIS PARTIAL RELEASE SHALL IN NO WAY RELEASE, AFFECT OR IMPAIR THE ADMINISTRATIVE AGENT'S RIGHTS, TITLES, INTEREST, SECURITY INTERESTS AND LIENS AGAINST ANY OTHER INTEREST OR PROPERTY DESCRIBED IN AND/OR COVERED BY THE MORTGAGE. BY ITS ACCEPTANCE OF THIS PARTIAL RELEASE, AND SUBJECT TO THE TERMS HEREOF, MORTGAGOR HEREBY RATIFIES AND CONFIRMS THE MORTGAGE AND THE OTHER "LOAN DOCUMENTS" REFERRED TO THEREIN IN ALL RESPECTS, OTHER THAN WITH RESPECT TO THOSE PROPERTIES, RIGHTS AND INTERESTS RELEASED HEREBY (HEREIN COLLECTIVELY CALLED THE "RELEASED PROPERTIES"), AND FURTHER CONFIRMS AND ADMITS THAT IT REMAINS OBLIGATED AS PROVIDED THEREIN. MORTGAGOR ADDITIONALLY CONFIRMS AND ADMITS THAT ITS PROPERTIES, RIGHTS AND INTEREST COVERED BY THE MORTGAGE, EXCEPT FOR THE RELEASED PROPERTIES, REMAIN SUBJECT TO THE LIENS AND SECURITY INTERESTS PROVIDED THEREIN. Reference is hereby made to the Mortgage and recordation thereof for all purposes in connection herewith. Executed this ~ day of U 2009. WACHOVIA BANK, NATIONAL ASSOCIATION, As Administrative Agent By: L/ Name: r,k\,d j=k ex- L Re, o#' Title: THE STATE OF TEXAS COUNTY OF HARRIS This instrument was acknowledged before me on this a I fI- day of Se FA Pr , 2009 by l~/IISTyPN~12 /Aqo r71F- , a Vice President of Wachovia Bank-/, National Association, a national banking association, on behalf of such national banking association. f ,ti~iYrs GHERYLBRASHIER NOTA Y PU LIC, STATE OF TEXAS 3*: my COMMISSION EXPIRES September 12, 2010 •jf This instrument was prepared by and upon recording should be returned to: St. Mary Land & Exploration Company 1776 Lincoln St. Suite 700 Denver, CO 80203 Attn: Ms. Dana McGoveran ■ Q m_ x I ~ W W U) W U) e) r N W Z ~ c z (tt O Cl) N tc) LL ~ -Z M 6 >r Q Q O Z C) * o Cl) * H0 M W M~ O-- F -•M 00 F F ' ~w g~ * C~ 2 * U) 20 g.; ' d * 2O?> o ~Z o o a. CL O a° a.JCn O LLJ CO ` F-1Z P Z ~N Z ~ > - M cO U Z cO V U) ~ cO ,n _ co (2 co U) I m N z N z >N ~z~ _ ~ Q ~ jQW ~X_ 3: F-d 10(o ~ r0 ~d Qd. 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