HomeMy WebLinkAbout958628ASSIGNMENT OF SELLERS' INTEREST
UNDER REAL ESTATE SALES AGREEMENT 000458
THIS ASSIGNMENT OF SELLERS' INTEREST UNDER REAL ESTATE SALES
AGREEMENT is made by and between Ronald H. Stoltenberg and Marilyn K. Stoltenberg, husband
and wife, of PO Box 40, Auburn, WY 83111 "Stoltenberg and the Bank of Star Valley "the
Bank a State of Wyoming banking corporation, of PO Box 8007, Afton, WY 83110.
WITNESSETH:
That by a Real Estate Sales Agreement dated March 1, 2011 "the Agreement
Stoltenberg, as Sellers, agreed to sell to Dale A. Fluckiger and Lanis Fluckiger, husband and wife,
as Buyers, for the sum of $380,000.00 payable $30,000.00 down and the balance of $350,000.00
together with accrued interest in certain annual payments until November 1, 2016, when the entire
remaining balance is due and payable in full, the following described real property in Auburn,
Lincoln County, Wyoming:
S1/2SW1/4 of Section 36, T33N, R119W of the 6th P.M., Lincoln County, Wyoming.
Subject to all covenants, conditions, restrictions, reservations, exceptions,
easements, and rights -of -way of sight or record, including without limitation, two
Real Estate Mortgages dated December 13, 2006, and recorded in the office of
the Lincoln County Clerk on December 19, 2006, in Book 644, page 35, and
December 20, 2006, in Book 644, page 159, respectively, which mortgages,
however, buyers are not assuming.
That for valuable consideration from the Bank, receipt of which is acknowledged,
Stoltenberg desires to assign to the Bank all of Stoltenberg's right, title and interest in the
Agreement as Sellers subject to all of their duties and obligations under the Agreement. The
Bank's consideration provided consists of certain loans for which this assignment is intended as
collateral securing those loans. Those loans consist of a Promissory Note dated December 13,
2006, in the amount of $60,650.00 secured by a Real Estate Mortgage of even date and recorded
in the office of the Lincoln County Clerk on December 20, 2006, in Book 644, page 159, and a
Promissory Note dated December 13, 2006, in the amount of $447,000.00 secured by a Real
Estate Mortgage of even date and recorded in the office of the Lincoln County Clerk on December
19, 2006, in Book 644, page 35.
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RECEIVED 3/28/2011 at 10:34 AM
RECEIVING 958628
BOOK: 764 PAGE: 458
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
NOW THEREFORE, it is hereby agreed to as follows:
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000459
1. Stoltenberg hereby assigns unto the Bank all of their right, title and interest as
Sellers in the Agreement, including the right to receive all payments made by Buyers pursuant to
the Agreement, subject to all of their duties and obligations.
2. The Bank hereby accepts assignment of Stoltenberg's interest as Sellers in the
Agreement and agrees to be subject to and abide by all of the terms, covenants and conditions as
set forth in the Agreement. However, the Bank does not assume Stoltenberg's duties and
obligations under the Agreement. All of the terms, covenants and conditions of the Agreement are
incorporated herein by this reference.
IN WITNESS WHEREOF, this instrument has been duly executed by the parties hereto as
of the 21st day of March, 2011.
Bank of Star Valley, a Wyoming State
Banking Corporation
Rod Yensen, Pnt
STATE OF WYOMING
COUNTY OF LINCOLN
The foregoing Assignment of Sellers' Interest under Real Estate Sales Agreement was
acknowledged before me by Ronald H. Stoltenberg and Marilyn K. Stoltenberg, husband and wife,
this ;Z 'i day of March, 2011.
Witness my hand and official seal.
ANJI TAYLOR
NOTARY PUBLIC
COUNTY OF STATE OF
LINCOLN v'k'< WYOMING
MY COMMISSION EXPIRES AUGUST 3, 2013
My commission expires:
STATE OF WYOMING
COUNTY OF LINCOLN
My commission expires:
s s.
ss.
The foregoing Assignment of Sellers' Interest under Real Estate Sales Agreement was
acknowledged before me on the day of March, 2011, by Rod Jensen as President of the
Bank of Star Valley.
Witness my hand and official seal.
NOTARY PUBLIC
TAYLOR
COUNTY OF
LINCOLN
ANJI
STATE OF
WYOMING
MY COMMISSION EXPIRES AUGUST 3, 2013
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