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HomeMy WebLinkAbout950225Do not write/type above this line. For filing purposes only. RETURN TO Farm Credit Services of America, PO Box 878 Anderson, Tracee P PREPARER: Casper, WY 82602 (307) 577 -4700 Farm Credit Services of America REAL ESTATE MORTGAGE For the State of Wyoming Open End To Secure Present and Future Obligations and Advances Date: October 27, 2009 Mortgagor(s): Teichert Brothers LLC, a Limited Liability Company Mailing Address: PO Box 164 Cokeville, WY 83114 -0164 The above named Mortgagor(s) in consideration of the extension of credit identified herein and any future, additional or protective advances made at Mortgagee's option, hereby sell, convey, and mortgage to Farm Credit Services of America, FLCA, 5015 S 118th Street, Omaha, NE 68137, Mortgagee, its successors and assigns, from the date hereof until all obligations secured hereby are paid in full, the following- described real estate in Lincoln County(ies), Wyoming, to wit: Exhibit "A" Together with all of Mortgagors right, title and interest, now or hereafter acquired, in and to the following state leases: #3 -7520, #3 -8663, #3 -8774, #3 -7566, #3 -7070, 3 -8253 together with all Mortgagor's right, title, and interest in the property, now or hereafter acquired, including: all buildings, fixtures, timber, timber to be cut, crops, and improvements now on or hereafter placed upon the property; all appurtenances, water, water rights, irrigation, and drainage rights; all rents, issues, uses, income, profits, and rights to possession; all oil, gas, gravel, rock, or other minerals of whatever nature, including geothermal resources; all personal property that may integrally belong to or hereafter become an integral part of the real estate whether attached or detached, including any appurtenances and accoutrements of any structure or residence secured hereby; easements and other rights and interests now or at any time hereafter belonging to or in any way pertaining to the property, whether or not specifically described herein; all above and below ground irrigation equipment and accessories; and all leases, permits, licenses, or privileges, appurtenant or nonappurtenant to the property, now or hereafter issued, extended, or renewed by Mortgagor(s), any State, the United States, or any department, bureau, instrumentality, or agency thereof. The foregoing is collectively referred to in this document as the "property." It is understood and agreed between Mortgagor(s) and Mortgagee that this mortgage is given to secure the repayment in full of the following described obligations, regardless of whether Mortgagor(s) is(are) liable thereon, and all future and additional loans or advances, protective or otherwise, which may be made by Mortgagee, at its option, at the request of, and to or for the account of Mortgagor(s), the parties liable under the note(s) or credit agreement(s) or any of them, for any purpose, plus interest thereon, all payable according to the terms of the note(s), credit agreement(s), or other instrument(s) modifying the same. Date of Note(s) or Credit Agreement(s) Principal Amount 10/2 //2009 2,300,000.00 Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time will not exceed the sum of TWO MILLION THREE HUNDRED THOUSAND ($2,300,000.00), exclusive of interest and protective advances authorized herein or in the loan agreement(s). App 417848; CIF 183690; Note 201 401TA Legal Doc. Date: October 27, 2009 FORM 5014, Real Estate Mortgage Page 1 RECEIVED 10/27/2009 at 3:26 PM RECEIVING 950225 BOOK: 734 PAGE: 649 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 000649 FORM 5014 (6 -2009) :0 &SS® NOTHING CONTAINED HEREIN SHALL CONSTITUTE A COMMITMENT TO MAKE FURTHER OR ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED. This mortgage will be due January 1, 2029. Mortgagor(s) hereby warrants that Mortgagor(s) holds fee simple title to the above described property, that Mortgagor(s) has good and lawful authority to mortgage the same, that the property is free and clear of all liens and encumbrances, except encumbrances of record, and that Mortgagor(s) will warrant and defend the property at Mortgagor's expense against all claimants whomsoever. Mortgagor(s) also hereby waives and relinquishes all rights of dower, homestead, distributive share, and exemption in and to the above described property. Mortgagor(s) and each of them further covenant and agree with Mortgagee as follows: 1. To pay all liens, judgments, or other assessments against the property, and to pay when due all assessments, taxes, rents, fees, or charges upon the property or under any lease, permit, license, or privilege assigned to Mortgagee as additional security to this mortgage, including those in or on public domain. 2. To insure and keep insured buildings and other improvements, including fixtures and attachments now on or hereafter placed on the property to the satisfaction of Mortgagee, will on demand furnish said policies or furnish proof of insurance to Mortgagee. Any sums so received by Mortgagee may be applied in payment of any indebtedness matured or unmatured secured by this mortgage, or at the option of Mortgagee may be used to pay for reconstruction of the destroyed improvements. Such insurance will be in an amount at least equal to the lesser of the loan balance, the actual cash value of the collateral, or the replacement cost of the property, and will at a minimum, cover losses caused by fire, lightning, explosion, riot, aircraft, vehicles, vandalism, civil commotion, smoke, windstorm, and hail. Mortgagor(s) will obtain and keep flood insurance in force to cover losses by flood as required by Mortgagee and by the National Flood Insurance Act of 1968, as amended, and by regulations implementing the same. Mortgagor(s) further agrees that Mortgagee is not and will not be liable for any failure by me /us or by any insurer, for whatever reason, to obtain and keep this insurance in force. 3. To keep all buildings, fixtures, attachments, and other improvements now on or hereafter placed on the property occupied and in good repair, maintenance, and condition and to neither commit nor permit any acts of waste or any impairment of the value of the property. Mortgagee may enter upon the property to inspect the same or to perform any acts authorized herein or in the credit agreement(s). 4. In the event Mortgagor(s) fails to pay any liens, judgments, assessments, taxes, rents, fees, or charges or maintain any insurance on the property, buildings, fixtures, attachments, or improvements as provided herein or in the credit agreement(s), Mortgagee, at its option, may make such payments or provide insurance, maintenance, or repairs and any amounts paid therefor will become part of the principal indebtedness secured hereby, be immediately due and payable and bear interest at the default rate provided in the note(s) or credit agreement(s)from the date of payment until paid. The advancement by Mortgagee of any such amounts will in no manner limit the right of Mortgagee to declare Mortgagor(s) in default or exercise any of Mortgagee's other rights and remedies. 5. In the event Mortgagee is a party to any litigation affecting the property or the lien of this mortgage, including any action by Mortgagee to enforce this mortgage or any suit in which Mortgagee is named a defendant (including condemnation and bankruptcy proceedings) Mortgagee may incur expenses and advance payments for abstract fees, attorneys fees (to the extent allowed by law), costs, expenses, appraisal fees, and other charges and any amounts so advanced will become part of the principal indebtedness secured hereby, be immediately due and payable and bear interest at the default rate provided in the note(s) or credit agreement(s) from the date of advance until paid. 6. Any awards made to Mortgagor(s) or their successors by the exercise of eminent domain are hereby assigned to Mortgagee; and Mortgagee is hereby authorized to collect and apply the same in payment of any indebtedness, matured or unmatured, secured by this mortgage. 7. In the event of default in the payment when due of any sums secured hereby (principal, interest, advancements, or protective advances), or failure to perform or observe any covenants and conditions contained herein, in the note(s), credit agreement(s), or other instrument(s), or any proceeding is brought under any Bankruptcy laws, Mortgagee, at its option, may declare the entire indebtedness secured hereby to be immediately due and payable and the whole will bear interest at the default rate as provided in the note(s) or credit agreement(s) and Mortgagee may immediately foreclose this mortgage or pursue any other remedy at law or equity, including foreclosure by advertisement with a power of sale in Mortgagee to the extent provided by applicable law. Delay by Mortgagee in exercising its rights upon default will not be construed as a waiver thereof and any act of Mortgagee waiving any specific default will not be construed as a waiver of any future default. If the proceeds under such sale or foreclosure are insufficient to pay the total indebtedness secured hereby, Mortgagor(s) does hereby agree to be personally bound to pay the unpaid balance, and Mortgagee will be entitled to a deficiency judgment. 8. Upon default, Mortgagee will at once become entitled to exclusive possession, use, and enjoyment of the property and to all rents, issues, crops, profits, and income thereof, from the time of such default and during the pendency of foreclosure proceedings and the period of redemption, the delivery of which may be enforced by Mortgagee by any appropriate suit, action, or proceeding. Mortgagee will be entitled to a Receiver for the property and all rents, issues, crops, profits, and income thereof, without regard to the value of the property, or the sufficiency thereof to discharge the mortgage debt and the foreclosure costs, fees, and expenses. Such Receiver may be appointed by any court of competent jurisdiction upon ex parte application, notice being hereby expressly waived. The Receiver will apply all rents, issues, crops, profits, and income of the property to keep the same in good repair and condition, pay all taxes, rents, fees, charges, and assessments, pay insurance premiums necessary to keep the property insured, pay the expense of the receivership and attorney fees incurred by the Receiver, and apply the net proceeds to the payment of the indebtedness secured hereby. Such Receiver will have all the other usual powers of receivers authorized by law and as the court may direct. App 417848; CIF 183690; Note 201 401TA Legal Doc. Date: October 27, 2009 FORM 5014, Real Estate Mortgage Page 2 9, The integrity and responsibility of the Mortgagor(s) constitutes a part of the consideration for the obligations secured hereby. Should Mortgagor(s) sell, transfer, or convey the property described herein without prior written consent of Mortgagee, Mortgagee, at its option, may declare the entire indebtedness immediately due and payable and may proceed in the enforcement of its rights as on any other default. 10. Assignment of Rents including Proceeds of Mineral Leases. Mortgagor(s) hereby assigns, transfers, and conveys to Mortgagee all rents, royalties, bonuses, and delay moneys or other proceeds that may from time to time become due and payable under any real estate lease or under any oil, gas, gravel, rock, or other mineral lease of any kind including geothermal resources now existing or that may hereafter come into existence, covering the property or any part thereof. All such sums so received by Mortgagee will be applied to the indebtedness secured hereby; or Mortgagee, at its option, may turn over and deliver to Mortgagor(s) or their successors in interest, any or all of such sums without prejudice to any of Mortgagee's rights to take and retain future sums, and without prejudice to any of its other rights under this mortgage. This assignment will be construed to be a provision for the payment or reduction of the mortgage debt, subject to the Mortgagee's option as hereinbefore provided, independent of the mortgage lien on the property. Upon payment in full of the mortgage debt and the release of this mortgage of record, this assignment will become inoperative and of no further force and effect. 11. This Mortgage constitutes a Security Agreement with respect to all the property described herein. 12. The covenants contained in this mortgage will be deemed to be severable; in the event that any portion of this mortgage is determined to be void or unenforceable, that determination will not affect the validity of the remaining portions of the mortgage. STATE OF Wyoming COUNTY OF Lincoln On this 27th day of October, 2009 before me, a Notary Public, personally appeared Timothy Teichert, Member to me known to be the person(s) named in and who executed the foregoing instrument, who did say that he /she /they is /are member(s) of Teichert Brothers LLC a limited liability company; that the instrument was signed on behalf of the limited liability company by authority of its members and the member(s) acknowledged the execution of the instrument to be the voluntary act and deed of the limited liability company by it and by him /her /them voluntarily executed. (SEAL) My commission expires March 18, 2013 STATE OF Wyoming )ss COUNTY OF Lincoln On this 27th day of October, 2009 before me, a Notary Public, personally appeared Matthew Teichert to me known to be the person(s) named in and who executed the foregoing instrument, who did say that he /she /they is /are member(s) of Teichert Brothers LLC a limited liability company; that the instrument was signed on behalf of the limited liability company by authority of its members and the member(s) acknowledged the execution of the instrument to be the voluntary act and deed of the limited liability company by it and by him /her /them voluntarily executed. (SEAL) Teichert Brothers L C, A Li ited Liability C pany By Z .thy Tel Member 14e, NOTARY PUBLIC 4 X TRACEE P. ANDERSON STATE OF WYOMING COUNTY OF NATRONA M Cowrie scion E V 14 Q13 )ss NOTARY PUBLIC TRACEE P. ANDERSON STATE OF WYOMING C M M ur 1 2013 By LLC ACKNOWLEDGMENT MEMBER(S) LLC ACKNOWLEDGMENT MEMBER(S) Matthew Teichert, Member Tracee P Anderson (Type name under signature) Notary Public in and for said County and State 0651 Tracee P Anderson (Type name under signature) My commission expires March 18, 2013 Notary Public in and for said County and State App 417848; CIF 183690; Note 201 401TA Legal Doc. Date: October 27, 2009 FORM 5014, Rea ortgage Page 3 AS TO PARCEL 1 PARCEL #1A: "EXHIBIT A" PART OF TRACT 49 OF T27N, RI 18W OF THE 6TH P.M., LINCOLN COUNTY, WYOMING, SAID PART BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT CORNER NUMBER 9 OF SAID TRACT 49 AND RUNNING THENCE SOUTH 89 °50' WEST, 1320.00 FEET ALONG THE SOUTH LINE THEREOF; THENCE NORTH 05 °43'25" EAST, 1312.32 FEET TO CORNER NUMBER 3 OF SAID TRACT 49; THENCE NORTH 89 °53'48" EAST, 1318.92 FEET TO CORNER NUMBER 10 OF SAID TRACT 49; THENCE SOUTH 05 °41' WEST, 1310.76 FEET TO THE POINT OF BEGINNING. TAX SERIAL NO. 12- 2718- 09 -3 -00- 008.00 PARCEL #1B: THE E1/2 OF SECTION 4 AND THE E1/2 OF SECTION 9, T26N R118W OF THE 6TH P.M., LINCOLN COUNTY WYOMING. ALSO: THAT PART OF TRACT NO. 37 OF SECTION 4, T26N RI 18W OF THE 6TH P.M., LINCOLN COUNTY, WYOMING BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT N 52 °31.5' W, 394.63 FEET FROM THE S1/4 CORNER OF SAID SECTION 4 WHERE FOUND A 1" IRON PIPE WITH BRASS CAP INSCRIBED "AP4, TR37 1932" AND A 1" IRON PIPE WITH BRASS CAP INSCRIBED "1/4 S4 /S9 1932 THENCE N 56°17.2' W, 491.57 FEET TO A POINT; THENCE N 01°33.2' W, 724.97 FEET TO A POINT; THENCE N 89°15.3' E, 289.19 FEET TO A POINT; THENCE N 04 °57.7' W, 645.71 FEET TO A POINT; THENCE N 89 °00.3' E, 518.80 FEET TO A POINT ON THE EAST LINE OF SAID TRACT NO. 37; THENCE S 00 °17.3' W, 1500.83 FEET ALONG SAID EAST LINE TO A POINT; THENCE N 89 °46.7' W, 277.58 FEET TO POINT; THENCE S 13 °53.5' W, 158.80 FEET TO THE POINT OF BEGINNING. AS TO PARCEL 2: PARCEL 2A KNOWN AS (WEST PARCEL): A TRACT OF LAND LOCATED IN TRACTS 57, 66, 67, 68, 69, 70, 71, AND 72, TOWNSHIP 24 NORTH, RANGE 119 WEST, 6TH P.M., LINCOLN COUNTY, WYOMING, SAID TRACT BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT CORNER NO. 4 OF SAID TRACT 70, THE ORIGINAL STONE MONUMENT, AND RUNNING THENCE SOUTH 89 °55'06" EAST, 466.71 FEET ALONG THE NORTH LINE THEREOF TO THE CENTERLINE OF THE UTAH LINE COKEVILLE COUNTY ROAD NO. 12 -207, AS SAID ROAD IS DESCRIBED IN THAT GRANT OF EASEMENT FILED IN BOOK 120PR ON PAGE 509 OF THE LINCOLN !,.100652 COUNTY RECORDS; THENCE NORTH 27 °58'04" EAST, 258.62 FEET ALONG SAID CENTERLINE TO THE POINT OF CURVATURE OF A CURVE TO THE RIGHT HAVING A RADIUS OF 13,749.95 FEET; THENCE 927.93 FEET ALONG THE ARC OF SAID CURVE AND SAID CENTERLINE THROUGH A CENTRAL ANGLE OF 03 °52'00 THE LONG CHORD OF WHICH BEARS NORTH 29 °54'04" EAST, 927.75 FEET TO A POINT TANGENT; THENCE NORTH 31 °50'04" EAST, 123.82 FEET ALONG SAID CENTERLINE TO THE POINT OF CURVATURE OF A CURVE TO THE LEFT HAVING A RADIUS OF 954.94 FEET; THENCE 276.58 FEET ALONG THE ARC OF SAID CURVE AND SAID CENTERLINE THROUGH A CENTRAL ANGLE OF 16 °35'40 THE LONG CHORD OF WHICH BEARS NORTH 23 °32'14" EAST, 275.61 FEET, TO A POINT LYING ON THE NORTH LINE OF SAID TRACT 71; THENCE SOUTH 89 °47'40" EAST, 78.67 FEET ALONG SAID NORTH LINE OF TRACT 71 TO CORNER NO. 3 OF TRACT 83, A 2 /z" ALUMINUM PIPE WITH A 3 -1/4" ALUMINUM CAP INSCRIBED "LS 2500" AND APPROPRIATE DETAILS; THENCE CONTINUING ALONG SAID NORTH LINE OF TRACT 71, SOUTH 89 °50'53" EAST, 1323.01 FEET TO CORNER NO. 1 THEREOF (ALSO CORNER NO. 4 OF SAID TRACT 68) A 2 /z" ALUMINUM PIPE WITH A 3 -1/4" ALUMINUM CAP INSCRIBED "LS 2500" AND APPROPRIATE DETAILS; THENCE NORTH 89 °19'02" EAST, 1096.19 FEET ALONG THE NORTH LINE OF SAID TRACT 68 TO THE WESTERLY RIGHT -OF -WAY LINE OF THE OREGON SHORT LINE RAILROAD AS SAID RIGHT -OF -WAY WAS ESTABLISHED FROM RAILROAD ALIGNMENT PLANS AT 100' WESTERLY OF THE CENTERLINE OF THE MAIN TRACK; THENCE SOUTH 18 °36'49" EAST, 2897.34 FEET, MORE OR LESS, ALONG SAID RIGHT -OF -WAY LINE TO THE NORTH LINE OF TRACT 67; THENCE NORTH 88 °20'03" EAST, 44.16 FEET ALONG SAID RIGHT -OF -WAY LINE AND THE NORTH LINE OF SAID TRACT 67 TO AN EXISTING FENCE LINE; THENCE SOUTH 18 °37'42" EAST, 2076.95 FEET ALONG SAID RIGHT -OF -WAY LINE AS EVIDENCED BY THE EXISTING FENCE LINE; THENCE SOUTH 72 °43'16" WEST, 38.81 FEET ALONG SAID EXISTING FENCE AND RIGHT -OF -WAY LINE; THENCE SOUTH 18 °33'49" EAST, 3384.79 FEET ALONG SAID EXISTING FENCE LINE AND RIGHT -OF -WAY LINE TO A POINT ON THE SOUTH LINE OF TRACT 66, SAID POINT LYING SOUTH 88 °51'36" WEST, 192.88 FEET FROM CORNER NO. 6 OF SAID TRACT 66; THENCE SOUTH 88 °51'36" WEST, 1102.66 FEET ALONG THE SOUTH LINE OF SAID TRACT 66 TO THE SOUTHWEST CORNER THEREOF (CORNER NO. 7 OF TRACT 66), A 3/4" STEEL BAR WITH A 3 -1/4" ALUMINUM CAP INSCRIBED "STANTON G. TAGGART PLS 6386" AND APPROPRATE DETAILS; SAID CORNER LYING ON THE EAST LINE OF SAID TRACT 57; THENCE NORTH 00°05'17" EAST, 1312.72 FEET ALONG THE EAST LINE OF SAID TRACT 57 TO A 5/8" STEEL BAR WITH A 1 /2" ALUMINUM CAP INSCRIBED "STAN TAGGART PLS 6386 THENCE, LEAVING SAID EAST LINE OF TRACT 57, SOUTH 89 °32'51" WEST, 1318.87 FEET TO CORNER NO. 4 OF SAID TRACT 57, A 3/4" STEEL BAR WITH A 3- 1/4" ALUMINUM CAP INSCRIBED "STANTON G. TAGGART PLS 6386" AND APPROPRIATE DETAILS; THENCE CONTINUING SOUTH 89 °32'51" WEST, 1319.65 FEET ALONG THE SOUTH LINE OF SAID TRACT 57 TO CORNER NO. 5 OF SAID TRACT 57 ALSO CORNER NO. 4 OF TRACT 69), THE ORIGINAL STONE MONUMENT; THENCE NORTH 89 °54'40" WEST, 949.59 FEET ALONG THE SOUTH LINE OF SAID TRACT 69 TO THE POINT OF INTERSECTION WITH THE EAST LINE OF SECTION 18, SAID POINT MARKED WITH THE ORIGINAL STONE MONUMENT; THENCE, CONTINUING ALONG THE SOUTH LINE OF SAID TRACT 69, NORTH 89°49'17" WEST, 376.56 FEET TO CORNER NO. 5 THEREOF, THE ORIGINAL STONE MONUMENT; THENCE NORTH 00 °04'44" EAST 181.15 FEET ALONG THE WEST LINE OF SAID TRACT 69 TO THE SOUTHEAST CORNER OF THE TAYLOR SUBDIVISION, AS SAID SUBDIVISION IS PLATTED AND OF RECORD IN THE OFFICE OF THE LINCOLN COUNTY CLERK; THENCE NORTH 00 °05'21" EAST, 1105.45 FEET ALONG THE WEST LINE OF SAID TRACT 69 AND THE EAST LINE OF SAID SUBDIVISION TO CORNER NO. 6 OF SAID TRACT 69 AND THE NORTHEAST CORNER OF SAID SUBDIVISION, A STEEL PIPE WITH A BRASS CAP INSCRIBED "PAUL N. SCHERBEL LS 164" AND APPROPRIATE DETAILS; THENCE NORTH 89°52'10" WEST, 254.46 FEET ALONG THE NORTH LINE OF SAID SUBDIVISION TO THE CENTERLINE OF SAID COUNTY ROAD NO. 12 -207 AND THE SOUTHEAST CORNER OF THE LAVOY TAYLOR TRACT AS DESCRIBED IN BOOK 207PR ON PAGE 489 OF SAID RECORDS; THENCE NORTH 00 °55'54" EAST, 450.39 FEET ALONG SAID CENTERLINE AND THE EAST LINE OF SAID LAVOY TAYLOR TRACT TO THE NORTHEAST CORNER THEREOF: THENCE NORTH 89 °52'34" WEST, 100.01 FEET ALONG THE NORTH LINE OF SAID LAVOY TAYLOR TRACT TO THE SOUTHEAST CORNER OF THE JRT SUBDIVISION, AS SAID SUBDIVISION IS PLATTED AND OF RECORD IN THE OFFICE OF THE LINCOLN COUNTY CLERK, SAID CORNER BEING MARKED BY A STEEL BAR WITH A 2: ALUMINUM CAP INSCRIBED "SURVEYOR SCHERBEL BIG PINEY WY PLS 164 2002"; THENCE NORTH 00 °55'54" EAST, 285.21 FEET ALONG THE EAST LINE OF SAID JRT SUBDIVISION TO THE NORTHEAST CORNER THEREOF, A STEEL BAR WITH A 2" ALUMINUM CAP INSCRIBED "SURVEYOR SCHERBEL BIG PINEY WY PLS 164 2002 THENCE NORTH 89 °52'30" WEST, 295.19 FEET ALONG THE NORTH LINE OF SAID JRT SUBDIVISION TO THE NORTHWEST CORNER THEREOF, A STEEL BAR WITH A 2" ALUMINUM CAP INSCRIBED "SURVEYOR SCHERBEL BIG PINEY WY PLS 164 2002 THENCE SOUTH 00 °53'58" WEST, 295.21 FEET ALONG THE WEST LINE OF SAID JRT SUBDIVISION TO THE SOUTHWEST CORNER THEREOF AND THE NORTH LINE OF SAID LAVOY TAYLOR TRACT, A STEEL BAR WITH A 2" ALUMINUM CAP INSCRIBED "SURVEYOR SCHERBEL BIG PINEY WY PLS 164 2002 THENCE NORTH 89 °52'35" WEST, 675.73 FEET ALONG THE NORTH LINE OF SAID LAVOY TAYLOR TRACT TO THE WEST LINE OF SAID TRACT 69; THENCE NORTH 00 °03'57" EAST, 1080.54 FEET ALONG THE WEST LINE OF SAID TRACT 69 TO THE POINT OF INTERSECTION WITH THE NORTH LINE OF SAID SECTION 18, SAID POINT BEING MARKED BY A STEEL PIPE WITH A BRASS CAP INSCRIBED "PAUL N. SCHERBEL LS 164" AND APPROPRIATE DETAILS; THENCE, CONTINUING ALONG THE WEST LINE OF SAID TRACT 69, NORTH 00 °03'29" EAST, 1042.93 FEET TO THE NORTHWEST CORNER THEREOF (CORNER NO. 8 TRACT 69 AND CORNER NO. 3 OF TRACT 70); THENCE NORTH 00 °44'01" WEST, 1397.94 FEET ALONG THE WEST LINE OF SAID TRACT 70 TO THE POINT OF BEGINNING. PARCEL 2B KNOWN AS (SLIVER PARCEL): THAT PART OF TRACTS 54,58, 59, AND 66, TOWNSHIP 24 NORTH, RANGE 119 WEST, 6TH P.M., LINCOLN COUNTY, WYOMING, LYING EAST OF THE EASTERLY RIGHT -OF -WAY LINE OF THE OREGON SHORT LINE RAILROAD. ALSO INCLUDING THE FOLLOWING DESCRIBED PROPERTY: �N :655 PARCEL 2C KNOWN AS (EAST PARCEL): A TRACT OF LAND LOCATED IN TRACTS 67, 68, 72, AND 73, TOWNSHIP 24 NORTH, RANGE 119 WEST, 6TH P.M., LINCOLN COUNTY, WYOMING, SAID TRACT BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT CORNER NO. 4 OF SAID TRACT 72, MONUMENTED BY A STEEL PIPE WITH A 3 -1/4" ALUMINUM CAP INSCRIBED "LS 2500" AND APPROPRIATE DETAILS, AND RUNNING THENCE NORTH 89 °19'11" EAST, 1340.21 FEET ALONG THE NORTH LINE THEREOF TO CORNER NO. 1 OF SAID TRACT 72 (IDENTICAL WITH CORNER NO. 4 OF SAID TRACT 73), A STEEL PIPE WITH A 2 -1/2" BRASS CAP INSCRIBED "C.C. WALL LS 482 1977" AND APPROPRIATE DETAILS; THENCE SOUTH 89 °44'45" EAST, 1310.86 FEET ALONG THE NORTH LINE OF SAID TRACT 73 TO CORNER NO. 1 THEREOF, A STEEL BAR WITH A 1 /2" ALUMINUM CAP INSCRIBED "1/73 THENCE SOUTH 00 °26'23" EAST, 2700.98 FEET ALONG THE EAST LINE OF SAID TRACT 73 TO CORNER NO. 3 THEREOF; THENCE SOUTH 00 °28'03" WEST, 1335.86 FEET TO CORNER NO. 1 OF TRACT 66, A STEEL PIPE WITH A BRASS CAP INSCRIBED "PAUL N. SCHERBEL LS 164" AND APPROPRIATE DETAILS; THENCE SOUTH 88 °29'24" WEST, 1328.64 FEET ALONG THE NORTH LINE OF SAID TRACT 66 TO CORNER NO. 3 OF SAID TRACT 67; THENCE CONTINUING SOUTH 88 °29'24" WEST, 40.23 FEET TO THE EASTERLY RIGHT -OF -WAY LINE OF THE OREGON SHORT LINE RAILROAD AS EVIDENCED BY AN EXISTING FENCE LINE; THENCE NORTH 18 °31'39" WEST, 1391.01 FEET, MORE OR LESS, ALONG SAID EXISTING FENCE AND RIGHT -OF -WAY LINE TO THE SOUTH LINE OF SAID TRACT 72; THENCE NORTH 88 °20'03" EAST, 39.61 FEET ALONG SAID SOUTH LINE OF SAID RIGHT -OF -WAY LINE TO A POINT ON SAID EASTERLY RAILROAD RIGHT -OF- WAY LINE AS ESTABLISHED FROM RAILROAD ALIGNMENT PLANS AT 100' EASTERLY OF THE CENTERLINE OF THE MAIN TRACK; THENCE NORTH 18 °36'49" WEST, 2893.57 FEET ALONG SAID RIGHT -OF -WAY LINE TO THE NORTH LINE OF SAID TRACT 68; THENCE NORTH 89°19'10" EAST, 33.59 FEET ALONG SAID NORTH LINE TO THE POINT OF BEGINNING. AS TO PARCEL 3: SOUTHWEST AREA- WEST OF RAILROAD TOWNSHIP 24 NORTH. RANGE 119 WEST 6TH P.M LINCOLN COUNTY WYOMING TRACT 45: ALL OF THAT PART OF TRACT 45 LYING WESTERLY OF THE WESTERLY RIGHT -OF -WAY LINE OF THE OREGON SHORT LINE RAILROAD TRACT 59: ALL OF THAT PART OF TRACT 59 LYING WESTERLY OF THE WESTERLY RIGHT -OF -WAY LINE OF THE OREGON SHORT LINE RAILROAD TRACT 58: ALL OF THAT PART OF TRACT 58 LYING WESTERLY OF THE WESTERLY RIGHT -OF -WAY LINE OF THE OREGON SHORT LINE RAILROAD TRACT 54: ALL OF THAT PART OF TRACT 54 LYING WESTERLY OF THE WESTERLY RIGHT -OF -WAY LINE OF THE OREGON SHORT LINE RAILROAD TRACT 57: THAT PART OF TRACT 57 DESCRIBED AS FOLLOWS: 06656 COMMENCING AT THE NORTHEAST CORNER (CORNER NO.1) OF SAID TRACT 57 RUNNING THENCE S 0°05'17" W, 1306.71 FEET ALONG THE EAST LINE THEREOF TO THE POINT OF BEGINNING; THENCE CONTINUING S 0°05'17" W, 1312.72: FEET ALONG SAID EAST LINE TO CORNER NO. 6 OF TRACT 58; THENCE S 0 °41'54' E, 1308.19 FEET ALONG THE EAST LINE OF SAID TRACT 57 TO THE SOUTHEAST CORNER THEREOF (CORNER NO. 2 OF TRACT 57); THENCE S 89 °49'40" W 1336.46 FEET ALONG THE SOUTH LINE OF SAID TRACT 57 TO THE SOUTHWEST CORNER THEREOF (CORNER NO. 3 OF TRACT 57): THENCE N 0 °14'02" E, 1319.74 FEET ALONG THE WEST LINE OF SAID TRACT 57 TO CORNER NO 2 OF TRACT 56; THENCE N 0 °04'29" W 1294.68 FEET ALONG THE WEST LINE OF SAID TRACT 57 TO CORNER NO. 4 THEREOF; THENCE N 89 °32'51" E, 1318.87' FEET TO THE POINT OF BEGINNING SECTION 20: ALL OF LOTS 4, 7, 14 AND 15 TOWNSHIP 24 NORTH RANGE 119 WEST, 6TH P.M. LINCOLN COUNTY WYOMING TRACT 45: ALL OF THAT PART OF TRACT 45 LYING EAST OF THE EASTERLY RIGHT -OF -WAY LINE OF THE OREGON SHORT LINE RAILROAD, TRACT 46: ALL OF THAT PART OF TRACT 46 LESS STATE HIGHWAY 30. TRACT 51: ALL OF TRACT 51 LESS AND EXCEPT THE FOLLOWING 4 (FOUR) PARCELS: PARCEL 3A: A PARCEL OF LAND KNOWN AS GRANDMA'S PLACE HOUSE TRACT BEING DESCRIBED AS FOLLOWS: PARCEL NO. 3B: BEGINNING AT A POINT ON THE SOUTH LINE OF SAID TRACT NO. 51 N89 °32'45 "W, 350.56 FEET FROM CORNER NO. 2 OF SAID TRACT; THENCE CONTINUING N89 °32'45 "W, 2201.01 FEET, ALONG THE SOUTH LINE OF SAID TRACT TO AN INTERSECTION WITH THE EAST RIGHT -OF -WAY LINE OF STATE HIGHWAY 30; THENCE NORTHERLY, 292.40 FEET ALONG SAID RIGHT -OF -WAY LINE ALONG THE ARC OF A CIRCULAR CURVE TO THE RIGHT THROUGH A CENTRAL ANGLE OF 04 °27'58" WITH A RADIUS OF 3751.25 FEET TO A MARKER; THENCE N12 °00'41 "E. 354.88 FEET, ALONG SAID RIGHT -OF -WAY LINE TO A MARKER; THENCE NORTHERLY 328.15 FEET ALONG SAID RIGHT -OF- WAY LINE ALONG THE ARC OF A CIRCULAR CURVE TO THE LEFT THROUGH A CENTRAL ANGLE OF 03° 13'48" WITH A RADIUS OF 5821.21 FEET TO A POINT: THENCE S68 °54'00 "E, 118.61 FEET, ALONG THE NORTH FENCE OF THE HOUSE ROADWAY TO A POINT; THENCE S62 °01'58 "E, 210.91 FEET ALONG SAID FENCE TO A POINT: THENCE N26 °10'40 "E; 31.99 FEET ALONG SAID FENCE TO A POINT; THENCE S80 °27'28 "E, 1561.03 FEET TO A POINT; THENCE SI5 °30'55" E, 626.49 FEET, TO THE POINT OF BEGINNING A PARCEL OF LAND LOCATED IN TRACT 51 OF TOWNSHIP 24 NORTH, RANGE 119 WEST, 6TH P.M., LINCOLN COUNTY. WYOMING, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT CORNER NO. 2 OF SAID TRACT 51 (THE SOUTHEAST CORNER) AND RUNNING THENCE S 89 °51'22" W, 350.96 FEET ALONG THE SOUTH LINE THEREOF TO THE POINT OF BEGINNING; THENCE N 16 °07'23" W, 626.86 FEET; THENCE N 81 °02'42" W, 1109.19 FEET; THENCE N 12°36'18" E, 523.38 FEET; THENCE N 83 °54'42" W, 833.55 FEET TO A POINT LYING ON THE EAST RIGHT -OF- WAY LINE OF HIGHWAY 30, SAID POINT LYING ON A CURVE CONCAVE TO THE WEST, THE RADIUS POINT OF WHICH BEARS N 85 °57'55" W, 5804.55 FEET. THENCE NORTHERLY 286.04 FEET ALONG THE ARC OF SAID CURVE AND SAID RIGHT -OF -WAY LINE THROUGH A CENTRAL ANGLE OF 02 °49'24 THE LONG CHORD OF WHICH BEARS N 02 °37'22" E, 286.01 FEET TO A POINT TANGENT; THENCE N 01°12'17" E, 94.19 FEET ALONG SAID RIGHT -OF -WAY LINE; THENCE LEAVING SAID RIGHT -OF -WAY LINE, N 90 °00'00" E, 1299.48 FEET; THENCE S 54 °46'23" E, 817.69 FEET; THENCE S 00 °05'02" E. 1282.25 FEET TO THE POINT OF BEGINNING PARCEL NO 3C: PARCEL NO. 3D: A PARCEL OF LAND LOCATED IN TRACT 51 OF TOWNSHIP 24 NORTH, RANGE 119 WEST, 6TH P.M., LINCOLN COUNTY, WYOMING, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS; COMMENCING AT CORNER NO. 2 OF SAID TRACT 51 (THE SOUTHEAST CORNER) AND RUNNING THENCE N 0 °05'05" W, 776.35 FEET ALONG THE EAST LINE THEREOF; THENCE S 89 °54'58" W 1619.56 FEET TO THE POINT OF BEGINNING, SAID POINT LYING ON THE NORTH LINE OF THAT PROPERTY DESCRIBED AS "EXCEPTION 1 GRANDMA'S PLACE HOUSE TRACT" IN THE WARRANTY DEED FOUND IN BOOK 643 ON PAGE 690 OF THE LINCOLN COUNTY RECORDS; THENCE ALONG SAID NORTH LINE THE FOLLOWING FOUR (4) COURSES: 1) N81 °02'42" W, 451.30 FEET; 2) S 25°55'17" W, 32.17 FEET; 3) N 62 °47'23" W, 210.34 FEET; 4) N 69 °30'14" W, 120.29 FEET TO A POINT LYING ON THE EAST RIGHT -OF -WAY LINE OF U.S. HIGHWAY 30, SAID POINT LYING ON A CURVE CONCAVE TO THE WEST, THE RADIUS POINT OF WHICH BEARS N81 °47'58" W, 5804.55 FEET; THENCE NORTHERLY 422.05 FEET ALONG THE ARC OF SAID CURVE AND SAID RIGHT -OF -WAY LINE, THROUGH A CENTRAL ANGLE OF 04 °09'58 THE LONG CHORD OF WHICH BEARS N 06 °07'03" E, 421.96 FEET; THENCE, LEAVING SAID RIGHT -OF -WAY LINE, S 83 °54'42" E, 833.55 FEET; THENCE S 12 °36'I8" W, 523.38 FEET TO THE POINT OF BEGINNING U.S. HIGHWAY 30 RIGHT -OF -WAY DESCRIBED AS FOLLOWS: THAT PART OF GLO TRACT 50, T24N, RI 19W, LINCOLN COUNTY, WYOMING DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID TRACT NO. 50 AND RUNNING THENCE N 00 °05'31" W, 1320.00 FEET ALONG THE WEST LINE THEREOF TO THE NORTHWEST CORNER OF SAID TRACT: THENCE N 89°43'17" E, 2705.17 FEET ALONG THE NORTH LINE OF SAID TRACT TO AN EXISTING FENCE LINE: THENCE S 07°02'19" W; 1335.14 FEET; ALONG SAID FENCE LINE TO THE SOUTH LINE OF SAID TRACT: THENCE S 89 °49'05" W, 2539.43 FEET ALONG SAID SOUTH LINE TO THE POINT OF BEGINNING