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LPP Mortgi ge Ltd.
c/o Beal B a, ~k
Arm: Judy Williams/MJL
000 Legac,, Drive '
lano, Texa~ 75024-3610
ASSIGNMENT OF NOTES AND LIENS
(SBA Loan Sale #2)
TH ASSIGNMENT OF NOTES AND LIENS (this" ' ,,
Assignment ) is made by the U.S. SMALL
BUSINESS ADMINISTRATION ("Assignor"), whose address is 490 Third Street, S.W., Washington, D.C. 20416,
to LPP Mor gage Ltd. f/k/a Loan Participant Partners, Ltd., a Texas limited partnership whose address is set forth
below ("Assignee"), pursuant to the terms of that certain Loan Sale Agreement dated as of August 3, 2000, (the
"Sale Agree~a "
ent ) between Assignor and Assignee.
TH S ASSIGNMENT WITNESSES THAT, in consideration of Ten Dollars ($I0.00) and other good and
valuable cot sideration paid by Assignee, Assignor hereby assigns, transfers, sets over and conveys, effective as of
August 31, 2000, to Assignee and its successors and assigns, without recourse and without representation or
warranty, w~ether express, implied or created by operation of law, except as expressly set forth in the Sale
Agreement he following:
1. That certain MORTGAGE (Direct) (AND RELEASE OF HOMESTEAD) dated July 14, 1990
executed by Frank F. Russo and Pamela Anne Russo in favor of the U.S. Small Business
Administration, and originally recorded in Document No. 721402 Recorded August 8, 1990 in
Book 288PR Page 262 at the County Clerk's Office of Lincoln County, Wyoming as amended or
modified from time to tim~ (the "MORTGAGE (Direct) (AND RELEASE OF HOMESTEAD)"),
which MORTGAGE (Direct) (AND RELEASE OF HOMESTEAD) secures that certain NOTE
dated July 14, 1990 in the original principal amount of $57,600.00 (the !'Note");
2. Together With such other documents, agreements, instruments and other collateral that evidence,
secure or otherwise relate to Assignor's right, title or interest in and to the MORTGAGE (Direct)
(AND RELEASE OF HOMESTEAD) and/or the Note, including without limitation the title
insurance policies and hazard insurance policies that might presently be in effect.
Beal No:22-I 0003469 Recorded in:Lincoln County, Wyoming
SBA No:417 D583010 Borrower:P & F Fence Company 1
Barcode: 164 t 90
The Real 'operty, which is the subject of this Assignment and whose legal description was obtained from a
previousl, recorded instrument, is described as follows:
~~: The Lot Numbered Two (2) and the West Half of the Southeast Quarter (W1/2 SE1/4) of Section
One (1), T, wnship 20 North, Range 116 West of the 6th P.N., Lincoln County, Wyoming, LESS A parcel in
Township :~.0 North, Range 116 West, 6th P.M., Wyoming, County of Lincoln, State of Wyoming, and more
particularl3'described as follows: Commencin at . .
15" E, 16.C0 feet, to a 3/4" c~ n .... }g. _ the South One quarte~ Comer of Section One' th
tru~A: ........ oL~,~r, ot~; mencel~ 89 42'15"E, 668 15 feett6~- ........ '
W~t;; ~.~eg/~on amg_;~t:h.en.c,e N 8~ 42?5" E, 633.65 feet to a po}nt; thence~a~0~,~:~~ ~bein~ the
an,an, ~ ...... pu~[, m~nce ~out~ 3{0.70 feet to a point; thence est 150.64 feet _,~.-z..~u reet,J~ence
~ ~,, ~, v~,o. ~t met to the point ofbegmmng. W to a point, thence s 03
IN WITNESS WHEREOF,
Assignor s cause this Assignment to be executed and delivered by its dul~
authorize, agent as of the / day of ~'~:~ , 2001.
U.S. SMALL BUS,ESS ADM~ISTRATION, as
B6nnie Stc ces By:_ 6
WI~ESS B~cky B. Da~ge,', ' - ~ --' --
Authorized Agent
ACKNOWLEDGMENT
STATE OF TEXAS ~
COUNTY )F COLL1N §
Bt tore me, the undersigned, a Notary Public, on this day personally appeared Becky B. Daggett, who is
personally ~vell~known to me (or sufficiently proven) to be an Authorized Agent for the U.S. Small Business
Administra' ion and the person who executed the foregoing instrument by virtue of the authority vested in him/her,
and s/he aclmowledged to me that s/he executed the same for the purposes and consideration therein expressed and
in the capa, ities therein stated.
Given unde 'my hand and seal this _/ _day of.. d~-~7~2001'
Teresa Turner --
Notary Public, State of Texas
Name and ~ ddress of Assignee: My commission expires: 03/02/2003
LPP Mortg~ ~ge LTD.
c/o Beal Ba ~k
6000 Legac ~ Drive
Plano, Tex~ ~ 75024-3610