HomeMy WebLinkAbout957695SUBORDINATION AGREEMENT
The State of Wyoming
County of Lincoln
KNOW ALL MEN BY THESE PRESENTS:
That, whereas, by instrument dated the 24th day of November, 2010, Cloudveil Ranches, LLC as grantor, executed and
delivered to Irish Oil Gas, Inc. as grantee, an instrument generally termed a Mineral Deed, which is recorded in the
records of Lincoln County, State of Wyoming, in Document Number ci 5'1 (p covering the following described
property situated in Lincoln County, State of Wyoming, to -wit:
SEE ATTACHED EXHIBIT "A"
And whereas, Bank of Jackson Hole of the County of Teton, State of Wyoming, is the owner of a lien on said above
described land as evidenced by Mortgage dated the 15th day of May, 2008, executed by Cloudveil Ranches, LLC to Bank
of Jackson Hole which is recorded in the records of Lincoln County, Wyoming, to which, and the record thereof, reference
is hereby made for all purposes, which lien was created to secure the payment of a certain promissory note given by
Cloudveil Ranches, LLC in favor of Bank of Jackson Hole and described as follows, to -wit:
Mortgagor: Cloudveil Ranches, LLC, a Wyoming Limited Liability Company
Morgtagee: Sank of Jackson Hole
Amount: $19,200,000.00
Dated: May 15, 2008
Recorded: May 16, 2008
Entry No.: 939050
Book/Page: 694/697
And whereas, Bank of Jackson Hole of the County of Teton, State of Wyoming, hereinafter styled lienholder, whether one
or more, the present owner and holder of said lien and note believing it to be to lienholder's best interest to have said above
described minerals sold. Said lienholder hereby approves said Mineral Deed above described, and hereby releases any lien
which it holds against the minerals described in the mineral deed referenced herein. Lienholder agrees that if any default is
made in the payment of the interest or principal of said note, when due, and said land is sold to satisfy the above described
indebtedness, that the purchaser or purchasers buying said land at such sale or sales, shall take said land subject to said
mineral deed above described.
January, 2011
In testimony whereof, witness the signature of lienholder on this the 14 day of f eeefebe.F, -24}?; t.
Bank of Jackson Hole:
By: Scot.' Yandell
Its: CEO
Corporate Acknowledgment
STATE OF: Wyoming
COUNTY OF: Teton
2011
On this 14 day of Januar in the year X9.1-0, before me personally appeared
Scott Yandell known to me to be tl and who executed the within and foregoing
instrument as his own free act and deed and as the free act and deed of the said Bank of Jackson Hole for the purposes set forth therein.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal the day and year last above written.
SHEILA WEITZ NOTARY PUBLIC
COUNTY OF 11, STATE OF
TETON _'i, WYOMING
MY COMMISSION EXPIRES SEPIEMBER 13, 2014
MORTGAGE OR DEED OF TRUST
SUBORDINATION AGREEMENT
N ary Public in and for the State of Vivong
Printed Name:
Sheila Weitz
Commission Expires: 9/13/14
O3
RECEIVED 1/19/2011 at 11:01 AM
RECEIVING 957695
BOOK: 761 PAGE: 33
JEANNE WAGNER
LINCOLN COUNTY CL MMERER, WY
EXHIBIT "A"
C0a03
Township 23 North, Range 117 West, 6 P.M.
Section 05: NW4SW4, SE4SW4
Section 06: Lots 16(40.00), 18(45.76)
Section 07: Lots 9(40.00), 15(40.00), SE4NE4
Section 08: NE4NE4, SW4NE4, W2SE4
Section 09: SW4NW4
Section 17: NE4NW4, N2SW4
Section 18: Lots 5(40.00), 8(46.12), 9(40.00), 10(40.00), 11(40.00), 12(40.00), 13(46.16), SW4NE4, NE4SE4
Section 19: Lot 13(46.39)
Section 20: NW4SW4
Section 22: SW4SW4
Section 23: SW4SW4
Section 26: NW4NW4, SW4NW4
Section 27: SE4SW4
Section 28: NW4NE4, NW4NW4
Section 29: S2NW4
Section 30: Lot 10(40.00), S2NE4
Section 32: NE4SW4, SE4NE4
Section 33: NW4NE4
Section 34: NW4SE4, NW4SW4
Section 35: SW4NW4
Township 23 North, Range 118 West, 6u1 P.M.
Section 01: SW4SW4
Section 02: Lots 5(39.96), 6(39.97), SW4SE4, SW4NE4, NW4SE4
Section 04: Lots 7(40.07), 8(40.08), SW4NW4, S2SW4, NW4SW4
Section 05: Lot 5(40.08)
Section 09: NW4NW4
Section 11: SW4NE4, NE4SE4, NW4NE4
Section 12: NE4NW4, W2W2
Section 13: N2SE4, W2NW4, SE4NW4, SE4NE4
Section 14: SE4SW4, NE4SE4
Section 24: SW4SE4, NE4SW4
Township 23 North, Range 119 West, 6 P.M.
Sections 2 3: Lot 69(160.43),
Sections 5, 6, 7, 8: All those parts of tracts 67 and 77 lying West of the Bear River, containing 453.91 acres
more or less
Township 24 North, Range 118 West, 6 t11 P.M.
Part of Tract 79 (Originally Lots 3, 4, of Section 7)
Part of Tract 80 (Originally Lots 1, 2, of Section 7)
Tracts 97F, 97G (Less parcel deeded to John Russell Thorncock, Sr. and Emma Lucy Thorncock at Book
509PR, Page 572)
Section 06: Lots 20(30.95), 21(35.55), 22(3.66), 26(34.38), W2SE4 and all of Lot 17(40.00) and Lot 25(39.70);
and that part of Lot 14 and Lot 24 of said Section 06 lying and being situated southerly of the
following described existing fence line:
Beginning at a point on the West line of said Lot 24, N00 °28' 15 "E, 578.54 feet of Corner No. 2
of said Tract 97, found as described in the Corner Record filed in the Office of the Clerk of
Lincoln County; thence S89 °01' 12 "E, 583.41 feet along said fence to a point; thence
S88 °45'49 "E, 457.47 feet along said fence to a point; thence S88 °50'51 "E, 421.64 feet along said
fence and an easterly protraction of said fence to the east line of said Lot 14
Section 07: Lots 5(4.23), 10(4.74), 11(9.49), W2NE4, NW4SE4
Section 21: NE4SW4
Section 28: NE4NE4, E2NW4
Section 33: SE4NW4, E2SW4
Section 34: NE4NE4
Township 24 North, Range 119 West, 6 P.M.
43:
Tracts 42(163.82), 43(335.67), 44(327.16), 45(159.73), 46(160 ?4), 50(159.49), 51(160.40), 54(159.98),
57(157.47), 58(159.88), 59(39.98), 66(159.67), 68(163.87), 69(155.99), 70(42.39), 71(165.19), 72(84.05),
73(83.37), 78(328.75), 81(164.50), 95(79.99), 97C(13.82)
Part of Tract 79(23.01), 80(21.77)
That part of Tract 77 lying West of Bear River containing 98.72 acres more or less
Tracts 97D, 97E, 97F and 97G Less parcel deeded to John Russell Thomcock, Sr. and Emma Lucy Thomcock
at Book 509PR, Page 572
That part of Tract 97 -H, Tract 97 -I, 97 -J, 97 -K, and. Lot 46 in Section 1 and. Lot 38 in Section 2, T24N, R119W,
Lincoln County, Wyoming lying and being situated southerly of the following described existing fence line:
Beginning at a point of the east line of Section 1, N00 °14'38 "E, 583.78 feet of the closing corner
between said Section 1 and Section 6, T24N, R118W, on the south line of said Tract 97; thence
N88 °53'04 "W, 881.38 feet along said fence to a point; thence N88 °50' 13 "W, 1070.76 feet along said
fence to a point; thence N88 °47'59 "W, 690.86 feet along said fence to a point; thence N88 °47' 13 "W,
1011.30 feet along said fence to a point; thence N88 °42'26 "W, 934.30 feet along said fence to a
point; thence N88 °41'49 "W, 457.76 feet along said fence to a point; thence N88 °20'37 "W, 560.07
feet, more or less, along said fence and a westerly protraction of said fence to the west line of said
Lot 38
Section 01: Lots 20(39.47), 21(39.46), 24(39.45), 25(9.97), 29(37.91), 33(35.15), 34(35.13), 37(35.12),
45(25.97)
Section 02: Lots 30(39.47), 33(39.46), 35(39.45), 37(39.44), S2
Section 03: Lot 43(39.58), SE4SE4
Section 10: N2SE4, NE4
Section 11: N2, SE4, E2SW4, NW4SW4
Section 12: Lots 10(25.56), 11(25.08), 18(4.86), 21(4.85), 22(4.84), 25(26.84)
Section 13: Lot 3(4.48)
Section 14: Lots 1(4.48), 4(4.48), 6(28.19), N2NE4, N2SE4, NE4NW4
Section 18: Lots 9(35.27), 10(35.33), 17(35.39), 18(35.45)
Section 19: Lot 5(35.51)
Section 20: Lots 4(24.41), 7(10.59), 10(28.22), 11(27.78), 14(1.52), 15(3.39), 27(27.34)
Section 22: SE4NE4, N2SE4
Section 23: Lots 10(38.34), 22(38.35), 23(35.98), N2SW4 except N 75' of East 220'
Section 26: NE4NE4
Section 27: Lots 12(35.29), 15(35.29), N2SW4(150.58 Gross Acres)
Section 29: Lots 7(24.57), 20(23.48)
Section 30: Lots 8(15.14), 10(22.94), NE4SE4
Section 31: Lots 6(21.41), 7(12.22), 10(12.28), 11(22.22), W2NE4, E2NW4
Township 24 North, Range 120 West, 6 P.M.
Section 13: Lots 1(19.37), 12(37.13), E2NE4, SE4, Tract 39
Section 24: Lots 1(19.30), 14(37.13), SE4NE4, E2SE4, N2NE4, r2NW4, SW4NE4
Section 25: SW4NE4, SE4NW4
Section 26: N2SE4, S2NE4, N2SW4, NW4
Township 25 North, Range 117 West
Section 21: W2NW4, SW4, W2SE4, SE4SE4
Section 27: W2NW4, NW4SW4
Section 28: NW4
Section 33: SW4NE4, SW4NW4
Section 35: SW4NE4, N2SE4