HomeMy WebLinkAbout968239REAL ESTATE SALE PURCHASE AGREEMENT
FOR THE PROPERTY LOCATED AT
130 PERKINS ROAD
THAYNE, WYOMING
BETWEEN
RECEIVED 11/30/2012 at 10:16 AM
RECEIVING 968239
BOOK: 799 PAGE: 372
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
STEVEN H SIMPSON AND REBECCA J SIMPSON
(SELLERS)
AND
JEREMY SCOTT NELSON AND /OR MEGHAN NELSON
(BUYERS)
This Real Estate Sale/Purchase Agreement is made and entered into this 26th day of
November, 2012, by and between STEVEN H SIMPSON and REBECCA J
SIMPSON, husband and wife, as tenants by the entireties, Thayne, Wyoming 83127
and JEREMY SCOTT NELSON and MEGHAN NELSON, husband and wife, as
tenants by the entireties, Thayne, Wyoming 83127.
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 6 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 11/26/2012.
2) The sellers stipulate that the property has no liens attached to it and
maintain a clear title to the property and clear title is now transferred to
Jeremy Scott and Meghan Nelson.
3) Sellers state that they will be responsible for the 2012 property taxes. Buyers
will be responsible for property taxes thereafter.
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
mortgage 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.
FINANCIAL AGREEMENTS:
1) Purchase price shall be One Hundred Thirty -Eight Thousand dollars.
2) Buyers have paid a down payment of Five Thousand dollars. ($5000.00)
3) Sellers agree to finance the balance of $133,000.00 at 3.75% interest rate on a
12.5 year amortization schedule.
4) An $1112.00 monthly payment will be the Simpsons on the first day of each
month, beginning January 01, 2013.
5) Sellers retain the right to regain all property if buyers default on payment(s).
6) Sellers will pay all document recording and filing fees.
This two page Agreement constitutes the entire understanding and agreements
between both parties relating to the subject matter hereto.
IN WITNESS WHEREOF, this agreement has been executed in triplicate by the
respective parties. 1 copy to Buyers, 1 copy to Sellers and 1 copy attached to the
Deed filed with the Lincoln County Clerk, Kemmerer, Wyoming.
SELLERS:
BUYERS:
e
Jere Imo/: Cott Nelson
My commission expires:
7/,/
ecca J Simpson
e WYoF321ng
unty of Lincoln
The four individuals listed above appeared before me PERSONALLY AND IN
PERSON and I have witnessed their above signatures this date.
This Instrument was acknowledged before me on the 26th day of
November 2012 By STEVEN H REBEC SI$PSoN Jer my Nieghan
Dated:
AP .441 II ,'AI N EL SON
N tary Public
Mortgage Amortization
00375
$13,344.24
$1,112.02
$4,842.38
$33,803.00
$166,803.00
2013 Jan $133,000.00 $1,112.02 $696.39 $415.63 $696.39 $415.63 $132,303.61
Feb $132,303.61 $1,112.02 $698.57 $413.45 $1,394.96 $829.08 *131,605.04
Mar $131,605.04 $1,112.02 $700.75 $411.27 $2,095.71 $1,240.35 $130,904.29
Apr $130,904.29 $1,112.02 $702.94 $409.08 $2,798.65 $1,649.43 $130,201.35
May $130,201.35 $1,112.02 $705.14 $406.88 $3,503.79 $2,056.31 $129,496.21
Jun $129,496.21 $1,112.02 $707.34 $404.68 $4,211.13 $2,460.99 $128,788.87
Jul $128,788.87 $1,112.02 $709.55 $402.47 $4,920.68 $2,863.46 $128,079.32
Aug $128,079.32 $1,112.02 $711.77 $400.25 $5,632.45 $3,263.71 $127,367.55
Sep $127,367.55 $1,112.02 $714.00 $398.02 $6,346.45 $3,661.73 $126,653.55
Oct $126,653.55 $1,112.02 $716.23 $395.79 $7,062.68 $4,057.52 $125,937.32
Nov $125,937.32 $1,112.02 $718.47 $393.55 $7,781.15 $4,451.07 $125,218.85
Dec $125,218.85 $1,112.02 $720.71 $391.31 $8,501.86 $4,842.38 $124,498.14
2014 $124,498.14 $13,344.24 $8,825.61 $4,518.63 $17,327.47 $9,361.01 $115,672.53
2015 $115,672.53 $13,344.24 $9,162.94 $4,181.30 $26,490.42 $13,542.30 $106,509.58
2016 $106,509.58 $13,344.24 $9,512.52 $3,831.72 $36,002.94 $17,374.02 $96,997.06
2017 $96,997.06 $13,344.24 $9,875.44 $3,468.80 $45,878.38 $20,842.82 $87,121.62
2018 $87,121.62 $13,344.24 $10,252.20 $3,092.04 $56,130.57 $23,934.87 $76,869.43
2019 $76,869.43 $13,344.24 $10,643.33 $2,700.91 $66,773.91 $26,635.77 $66,226.09
2020 $66,226.09 $13,344.24 $11,049.39 $2,294.85 $77,823.29 $28,930.63 $55,176.71
2021 $55,176.71 $13,344.24 $11,470.94 $1,873.30 $89,294.23 $30,803.93 $43,705.77
2022 $43,705.77 $13,344.24 $11,908.57 $1,435.67 $101,202.80 $32,239.60 $31,797.20
2023 $31,797.20 $13,344.24 $12,362.90 $981.34 $113,565.70 $33,220.94 $19,434.30
2024 $19,434.30 $13,344.24 $12,834.56 $509.68 $126,400.25 $33,730.63 $6,599.75
2025 $6,599.75 $6,672.12 $6,599.75 $72.37 $133,000.00 $33,803.00 $0.00
2026 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2027 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2028 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2029 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2030 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2031 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2032 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2033 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2034 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2035 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2036 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2037 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2038 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2039 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2040 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2041 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2042 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00
2043 $0.00 $0.00 $0.00 $0.00 $133,000.00 $33,803.00 $0.00