HomeMy WebLinkAbout961269RECEIVED 10/5/2011 at 12:22 PM
RECEIVING 961269
BOOK: 773 PAGE: 793
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
REAL ESTATE SALE PURCHASE AGREEMENT
FOR THE PROPERTY LOCATED AT
130 PERKINS ROAD
THAYNE, WYOMING
BETWEEN
STEVEN H SIMPSON REBECCA J SIMPSON
(SELLERS)
AND
RAYMOND JOE NICHOLS AND /OR SHIRLEY NICHOLS
(BUYERS)
000793
This Real Estate Sale/Purchase Agreement is made and entered into this 21st day of
September, 2011, by and between STEVEN H SIMPSON and REBECCA J
SIMPSON, husband and wife, as tenants by the entireties, Thayne, Wyoming 83127
and RAYMOND JOE NICHOLS and SHIRLEY NICHOLS, husband and wife, as
tenants by the entireties, Irwin, Idaho 83428.
WITNESSETH:
That for and in consideration of the payments to be made, and the covenants made
to be kept and preformed, Sellers agree to sell, and Purchasers agree to purchase
the property located in Lincoln County, Wyoming, more particularly described as
follows, to -wit:
A portion of the property referred to in Instrument No. 865637 recorded May 1,
2000, in Book 445PR on Page 55 of the records of the Lincoln County Clerk, all in
the Northeast Quarter of the Southwest Quarter of Section 11, Township 34 North,
Range 119 West of the 6th P.M., Lincoln County, Wyoming, and being more
particularly described as follows:
BEGINNING at the B.L.M. type Monument marking the Baker Engineers PE/LS
698 location for the Northwest corner of said Northeast Quarter of the Southwest
Quarter (CW1 /16S11) and said property; thence South 88 degrees 53'08" East,
along the North line of said property, 261.45 feet to an Iron Pipe set marking the
Northeast corner of said property; thence South 0 degrees 08'17" West, along the
East line of said property, 172.03 feet to an Iron Pipe set; thence North 88 degrees
43'34" West, to 261.47 feet to an Iron Pipe set at a point in the West line of said
property; thence North 0 degrees 08'17" East, along said West line, 171.30 feet, to
the POINT OF BEGINNING.
ADDITIONAL TERMS:
1) The property will be accepted in "as is" condition, beginning 09/21/2011.
2) The sellers stipulate that the property has no liens attached to it and they
maintain a clear title to the property and clear title is now transferred to
Raymond Joe and Shirley Nichols.
3) Sellers state that the 2010 property taxes are paid in full. Buyers agree to
pay the 2011 property taxes of $864.50.
4) Since the Sellers presently hold Title Insurance, with the Deed free and clear
of any liens or holdings, new title insurance will not be required from Sellers.
5) The sellers will have an attached "1 Mortgage Lien" to this property until
loan is satisfied.
6) The sellers retain first option to repurchase this property if and when buyers
decide to sell said property.
7) The buyers will carry real estate insurance on said property to adequately
cover the financial obligation to sellers due to any unforeseen property loss.
8) The terms and conditions of this contract apply to and are binding on the
heirs, successors and executors of both said parties.
000794
FINANCIAL AGREEMENTS:
1) Purchase price shall be One Hundred Thirty -Eight Thousand dollars.
2) Sellers agree to finance the complete purchase price of $138,000.00, at a
5.25% interest rate on a 71/2 year amortization schedule.
3) A $1858.28 monthly payment will be made by automatic bank draft on the 4st
day of each month, beginning December 04, 2011.
4) Sellers will pay all Document recording and fling fees.
This two page Agreement constitutes the entire understanding and agreements
between both parties relating to the subject matter hereto.
IN WITNESS WHEREOF, this agreement has been executed in triplicate by the
respective parties. 1 copy to Buyers, 1 copy to Sellers and 1 copy attached to the
Deed filed with the Lincoln County Clerk, Kemmerer, Wyoming.
SELLERS:
7i
Steven H Simpson
BUYERS:
m•
Raymond J o e ichols
The four individuals listed above appeared before me PERSONALLY AND IN
PERSON and I have witnessed their above signatures this date.
Dated:
4)1
My commission expires:
r J l
Rebecca J impson
Shirley Nichols
Notary Public
1
000795
Mortgage Amortization
000 796
$22,299.36
$1,858.28
$603.75
$29,245.20
$167,245.20
Dec $138,000.00 $1,858.28 $1,254.53 $603.75 $1,254.53 $603.75 $136,745.47
2012 Jan $136,745.47 $1,858.28 $1,260.02 $598.26 $2,514.55 $1,202.01 $135,485.45
Feb $135,485.45 $1,858.28 $1,265.53 $592.75 $3,780.08 $1,794.76 $134,219.92
Mar $134,219.92 $1,858.28 $1,271.07 $587.21 $5,051.15 $2,381.97 $132,948.85
Apr $132,948.85 $1,858.28 $1,276.63 $581.65 $6,327.78 $2,963.62 $131,672.22
May $131,672.22 $1,858.28 $1,282.21 $576.07 $7,609.99 $3,539.69 $130,390.01
Jun $130,390.01 $1,858.28 $1,287.82 $570.46 $8,897.81 $4,110.15 $129,102.19
Jul $129,102.19 $1,858.28 $1,293.46 $564.82 $10,191.27 $4,674.97 $127,808.73
Aug $127,808.73 $1,858.28 $1,299.12 $559.16 $11,490.39 $5,234.13 $126,509.61
Sep $126,509.61 $1,858.28 $1,304.80 $553.48 $12,795.19 $5,787.61 $125,204.81
Oct $125,204.81 $1,858.28 $1,310.51 $547.77 $14,105.70 $6,335.38 $123,894.30
Nov $123,894.30 $1,858.28 $1,316.24 $542.04 $15,421.94 $6,877.42 $122,578.06
2012 $136,745.47 $22,299.36 $15,489.15 $6,810.21 $16,743.68 $7,413.96 $121,256.32
2013 $121,256.32 $22,299.36 $16,322.45 $5,976.91 $33,066.13 $13,390.87 $104,933.87
2014 $104,933.87 $22,299.36 $17,200.30 $5,099.06 $50,266.43 $18,489.93 $87,733.57
2015 $87,733.57 $22,299.36 $18,125.36 $4,174.00 $68,391.80 $22,663.92 $69,608.20
2016 $69,608.20 $22,299.36 $19,100.18 $3,199.18 $87,491.98 $25,863.10 $50,508.02
2017 $50,508.02 $22,299.36 $20,127.42 $2,171.94 $107,619.40 $28,035.04 $30,380.60
2018 $30,380.60 $22,299.36 $21,209.92 $1,089.44 $128,829.32 $29,124.48 $9,170.68
2019 $9,170.68 $9,291.40 $9,170.68 $120.72 $138,000.00 $29,245.20 $0.00
2020 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2021 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2022 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2023 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2024 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2025 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2026 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2027 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2028 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2029 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2030 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2031 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2032 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2033 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2034 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2035 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2036 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2037 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2038 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2039 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2040 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00
2041 $0.00 $0.00 $0.00 $0.00 $138,000.00 $29,245.20 $0.00