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State of Wyoming 1. DATE AND PARTIES. The date of this Mortgage is 02-21-2001 are as follows: MORTGAGOR t J/AMN. -SL.....T JJST.,..DATED JANUARY 10, 2QU,,_NW.. a, LARSEN, SRt.a..AV.S�$ 1QQ7 COUNTY RQAD„ THAYNE, WX 83127 Refer to the Addendum which is attached and incorporated herein for additional Mortgagors. LENDER: THE BANK OF STAR VALLEY 2. MORTGAGE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (hereafter defined), Mortgagor grants, bargains, conveys, mortgages and warrants to Lender, with the power of sale, the following described property: SEE EXHIBIT 'A' ATTACHED HERETO AND MADE A PART HEREOF. The property is located in 384 WASHINGTON STREET PO BOX 8007 AFTON,VY 83110 83-0315143 (Address) BOOK C,:;i) PR PAGE 2 3 9 Space Above This Line For Recording Data REAL ESTATE MORTGAGE 8718k6 (With Future Advance Clause) LINCOLN (County) THAYNE Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops, timber, all diversion payments or third party payments made to crop producers, and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as "Property The term Property also includes, but is not limited to, any and all water wells, water, ditches, reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights associated with the Property, however established. 3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this Mortgage at any one time shall not exceed 74,045.64 This limitation of amount does not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges validly made pursuant to this Mortgage and does not apply to advances (or interest accrued on such advances) made under the terms of this Mortgage to protect Lender's security and to perform any of the covenants contained in this Mortgage. Future advances are contemplated and, along with other future obligations, are secured by this Mortgage even though all or part may not yet be advanced. Nothing in this Mortgage, however, shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment would need to be agreed to in a separate writing. 4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following: A. The promissory note(s), contract(s), guaranty(s) or other evidence of debt described below and all extensions, renewals, modifications or substitutions (Evidence of Debt): ONE PROMISSQRY NOTE QATED 212112Q01 IN THE AMOUNT OF $74,045,Q4 (e.g., borrower's name, note amount, interest rate, maturity date) WYOMING AGRICULTURAL/COMMERCIAL MORTGAGE (NOT FOR FNMA, FHLMC, FHA OR VA USE, AND NOT FOR CONSUMER PURPOSES) ®1993 Bankers r Systems, Inc., St. Cloud, MN (1- 800 397 -2341) Form AG /C nnn_,.,v 10/25/93 11111 I r. at 963 COUNTY ROAD 125 03014406 1.0,,VrITY r, r '1 NE[ viNG and the parties and their addresses Wyoming 83127 (City) (ZIP Code) (page 1 of 6) 240 B. All future advances from Lender to Mortgagor or other future obligations of Mortgagor to Lender, under any promissory note, contract, guaranty, or other evidence of debt- existing now or executed after this Mortgage whether or not this Mortgage is specifically referred to in the evidence of debt. C. All obligations Mortgagor owes to Lender, which now exist or may later arise, to the extent not prohibited by law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Mortgagor and Lender. D. All additional sums advanced and expenses incurred by Lender for insuring', preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Lender under the terms of this Mortgage, plus interest at the highest rate in effect, from time to time, as provided in the Evidence of Debt. E. Mortgagor' s performance under the terms of any instrument evidencing a debt by Mortgagor to ,Lender and any Mortgage securing, guarantying, or otherwise relating to the debt. If more than one person signs this Mortgage as Mortgagor each Mortgagor agrees that this Mortgage will secure all future advances and future obligations described above that are given to or incurred by any one or more Mortgagor, or any one or more Mortgagor and others. This Mortgage will not secure any other debt if Lender fails, with respect to such other debt, to make any required disclosure about this Mortgage or if Lender fails to give any required notice of the right of rescission. 5. PAYMENTS. Mortgagor agrees to make all payments on the Secured Debt when due and in accordance with the terms of the Evidence of Debt or this Mortgage. 6. CLAIMS AGAINST TITLE. Mortgagor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Lender may require Mortgagor to provide to Lender copies of all notices that such amounts are due and the receipts evidencing Mortgagor's payment. Mortgagor will defend title to the. Property against any claims that would impair the lien of this Mortgage. Mortgagor agrees to assign to Lender, as requested by Lender, any rights, claims or defenses which Mortgagor may have against parties who 'supply labor or materials to improve or maintain the Property. 7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property and that may have priority over this Mortgage, Mortgagor agrees: A. To make all payments when due and to perform or comply with all covenants. B. To promptly deliver to Lender any notices that Mortgagor receives from the holder. C. Not to make or permit any modification or extension of, and not to request or accept any future advances under any note or agreement secured by, the other mortgage, deed of trust or security agreement unless Lender consents in writing. S. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of any lien, encumbrance, transfer, or sale, or contract for any of these on the Property. However, if the Property includes Mortgagor's residence, this section shall be subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. For the purposes of this section, the term "Property" also includes any interest to all or any part of the Property. This covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Mortgage is released. 9. TRANSFER OF AN INTEREST IN THE MORTGAGOR. If Mortgagor is an entity other than a natural person (such as a corporation or other organization), Lender may demand immediate payment if (1) a beneficial interest in Mortgagor is sold or transferred; (2) there is a change in either the identity or number of members of a partnership or similar entity; or (3) there is a change in ownership of more than 25 percent of the voting stock of a corporation or similar entity. However, Lender may not demand payment in the above situations if it is prohibited by law as of the date of this Mortgage. 10. ENTITY WARRANTIES AND REPRESENTATIONS. If Mortgagor is an entity other than a natural person (such as a corporation or other organization), Mortgagor makes to Lender the following warranties and representations which shall be continuing as long as the Secured Debt remains outstanding: A. ,Mortgagor is an entity which is duly organized and validly existing in the Mortgagor's state of incorporation (or organization). Mortgagor is in good standing in all states in which Mortgagor transacts business. Mortgagor has the power and authority to own the Property and to carry on its business as now being conducted and, as applicable, is qualified to do so in each state in which Mortgagor operates. B. The execution, delivery and performance of this Mortgage by Mortgagor and the obligation evidenced by the Evidence of Debt are within the power of Mortgagor, have been duly authorized, have received all necessary governmental approval, and will not violate any provision of law, or order of court or governmental agency. C. Other than disclosed in writing Mortgagor has not changed its name within the last ten years and has not used any other trade or fictitious name. Without Lender's prior written consent, Mortgagor does not and will not use any other name and will preserve its existing name, trade names and franchises until the Secured Debt is satisfied. 11. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Mortgagor will keep the Property in good condition and make all repairs that are reasonably necessary. Mortgagor will give Lender prompt notice of any loss or damage to the Property. Mortgagor will keep the Property free of noxious weeds and grasses. Mortgagor will not initiate, join in or consent to any change in any private restrictive covenant, zoning ordinance or other public or private restriction limiting or definirig the uses which may be made of the Property or any part of the Property, without Lender's prior written consent. Mortgagor will notify Lender of all demands, proceedings, claims, and actions against Mortgagor or any other owner made under law or regulation regarding use, ownership and occupancy of the Property. Mortgagor will comply with all legal requirements and restrictions, whether public or private, with respect to the use of the Property. Mortgagor also agrees that the nature of the occupancy and use will not change without Lender's prior written consent. No portion of the Property will be removed, demolished or materially altered without Lender's prior written consent except that Mortgagor has the right to remove items of personal property comprising a part of the Property that become worn or obsolete, provided that such personal property is replaced with other personal property at least equal in value to the replaced personal property, free from any title retention device, security agreement or other encumbrance. Such replacement Qf personal property will be deemed subject to the security interest created by this Mortgage. Mortgagor shall 0 MI Systems, Inc., St. Cloud, MN 11.800- 397 -2341) Form AG Y 10/25/93 (page 2 of 6) L 41 `r i not partition or subdivide the Property without Lender's prior written consent. Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time for the purpose of inspecting the Property. Any inspection of the Property shall be entirely for Lender's benefit and Mortgagor will in no way rely on Lender's inspection. 12. AUTHORITY TO PERFORM. If Mortgagor fails to perform any of Mortgagor's duties under this Mortgage, or any other mortgage, deed of trust, security agreement or other lien document that has priority over this Mortgage, Lender may, without notice, perform the duties or cause them to be performed. Mortgagor appoints Lender as attorney in fact to sign Mortgagor's name or pay any amount necessary for performance. If any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may do whatever is necessary to protect Lender's security interest in the Property. This may include completing the construction. Lender's right to perform for Mortgagor shall not create an obligation to perform, and Lender's failure to perform will not preclude Lender from exercising any of Lender's other rights under the law or this Mortgage. Any amounts paid by Lender for insuring, preserving or otherwise protecting the Property and Lender's security interest will be due on demand and will bear interest from the date of the payment until paid in full at the interest rate in effect from time to time according to the terms of the Evidence of Debt. 13. ASSIGNMENT OF LEASES AND RENTS. Mortgagor grants, bargains, conveys, and warrants to Lender as additional security all the right, title and interest in and to any and all: A. Existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for the use and occupancy of any portion of the Property, including any extensions, renewals, modifications or substitutions of such agreements (all referred to as "Leases B. Rents, issues and profits (all referred to as "Rents including but not limited to security deposits, minimum rent, percentage rent, additional rent, common area maintenance charges, parking charges, real estate taxes, other applicable taxes, insurance premium contributions, liquidated damages following default, cancellation premiums, "loss of rents" insurance, guest receipts, revenues, royalties, proceeds, bonuses, accounts, contract rights, general intangibles, and all rights and claims which Mortgagor may have that in any way pertain to or are on account of the use or occupancy of the whole or any part of the Property. Mortgagor will promptly provide Lender with true and correct copies of all existing and future Leases. Mortgagor may collect, receive, enjoy and use the Rents so long as Mortgagor is not in default. Except for one month's rent, Mortgagor will not collect in advance any Rents due in future lease periods, unless Mortgagor first obtains Lender's written consent. Upon default, Mortgagor will receive any Rents in trust for Lender and .Mortgagor will not commingle the Rents with any other funds. Any amounts collected shall be applied at Lender's discretion to payments on the Secured Debt as therein provided, to costs of managing the Property, including, but not limited to, all taxes, assessments, insurance premiums, repairs, and commissions to rental agents, and to any other necessary related expenses including Lender's attorneys' fees and court costs. Mortgagor agrees that this assignment is immediately effective between the parties to this assignment and effective as to third parties on Mortgagor's default when Lender takes an affirmative action as prescribed by the law in the State of Wyoming, and this assignment will remain effective during any redemption period until the Secured Debt is satisfied. Unless otherwise prohibited or prescribed by state law, Mortgagor agrees that Lender may take actual possession of the Property without the necessity of commencing any legal action or proceeding and Mortgagor agrees that actual possession of the Property is deemed to occur when Lender notifies Mortgagor of the default and demands that Mortgagor and Mortgagor's tenants pay all Rents due and to become due directly to Lender. Immediately after Lender gives Mortgagor the notice of default, Mortgagor agrees that either Lender or Mortgagor may immediately notify the tenants and demand that all future Rents be paid directly to Lender. On receiving the notice of default, Mortgagor will endorse and deliver to Lender any payments of Rents. If Mortgagor becomes subject to a voluntary or involuntary bankruptcy, then Mortgagor agrees that Lender is entitled to receive relief from the automatic stay in bankruptcy for the purpose of making this assignment effective and enforceable under state and federal law and within Mortgagor's bankruptcy proceedings. Mortgagor warrants that no default exists under the Leases or any applicable landlord law. Mortgagor also warrants and agrees to maintain, and to require the tenants to comply with, the Leases and any applicable law. Mortgagor will promptly notify Lender of any noncompliance. If Mortgagor neglects or refuses to enforce compliance with the terms of the Leases, then Lender may, at Lender's option, enforce compliance. Mortgagor will obtain Lender's written authorization before Mortgagor consents to sublet, modify, cancel, or otherwise alter the Leases, to accept the surrender of the Property covered by such Leases (unless the Leases so require), or to assign, compromise or encumber the Leases or any future Rents. Mortgagor will hold Lender harmless and indemnify Lender for any and all liability, loss or damage that Lender may incur as a consequence of the assignment under this section. 14. CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. If the Property includes a unit in a condominium or a planned unit development, Mortgagor will perform all of Mortgagor's duties under the covenants, by -laws, or regulations of the condominium or planned unit development. 15. DEFAULT. Mortgagor will be in default if any of the following occur: A. Any party obligated on the Secured Debt fails to make payment when due; B. A breach of any term or covenant in this Mortgage, any prior mortgage or any construction loan agreement, security agreement or any other document evidencing, guarantying, securing or otherwise relating to the Secured Debt; C. The making or furnishing of any verbal or written representation, statement or warranty to Lender that is false or incorrect in any material respect by Mortgagor or any person or entity obligated on the Secured Debt; D. The death, dissolution, or insolvency of, appointment of a receiver for, or application of any debtor relief law to, Mortgagor or any person or entity obligated on the Secured Debt; E. A good faith belief by Lender at any time that Lender is insecure with respect to any person or entity obligated on the Secured Debt or that the prospect of any payment is impaired or the value of the Property is impaired; F. A material adverse change in Mortgagor's business including ownership, management, and financial conditions, which Lender in its opinion believes impairs the value of the Property or repayment of the Secured Debt; or ©1993 Bankers Systems, Inc.. St. Cloud, MN (1. 800 397 -23411 Form AG /C0- MTG -WY 10/25/93 (page 3 of 6) (g }o b abed) E6 /9Z /01. 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Notwithstanding any of the language contained in this Mortgage to the contrary, the terms of this section shall survive any foreclosure or satisfaction of this Mortgage regardless of any passage of title to Lender or any disposition by Lender of any or all of the Property. Any claims and defenses to the contrary are hereby waived. 19. CONDEMNATION. Mortgagor will give Lender prompt notice of any action, real or threatened, by private or public entities to purchase or take any or all of the Property, including any easements, through condemnation, eminent domain, or any other means. Mortgagor further agrees to notify Lender of any proceedings instituted for the establishment of any sewer, water, conservation, ditch, drainage, or other district relating to or binding upon the Property or any part of it. Mortgagor authorizes Lender to intervene in Mortgagor's name in any of the above described actions or claims and to collect and receive all sums resulting from the action or claim. Mortgagor assigns to Lender the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Mortgage. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement or other lien document. 20. INSURANCE. Mortgagor agrees to maintain insurance as follows: A. Mortgagor shall keep the Property insured against loss by fire, theft and other hazards and risks reasonably associated with the Property due to its type and location. Other hazards and risks may include, for example, coverage against loss due to floods or flooding. This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Mortgagor subject to Lender's approval, which shall not be unreasonably withheld. If Mortgagor fails to maintain the coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the Property according to the terms of this Mortgage. All insurance policies and renewals shall be acceptable to Lender and shall include a standard "mortgage clause" and, where applicable, "lender loss payee clause." Mortgagor shall immediately notify Lender of cancellation or termination of the insurance. Lender shall have the right to hold the policies and renewals. If Lender requires, Mortgagor shall immediately give to Lender all receipts of paid premiums and renewal notices. Upon loss, Mortgagor shall give immediate notice to the insurance carrier and Lender. Lender may make proof of loss if not made immediately by Mortgagor. Unless Lender and Mortgagor otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged if the restoration or repair is economically feasible and Lender's security is not lessened. If the restoration or repair is not economically' feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the Secured Debt, whether or not then due, with any excess paid to Mortgagor. If Mortgagor abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay the Secured Debt whether or not then due. The 30 -day period will begin when the notice is given. Unless Lender and Mortgagor otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of scheduled payments or change the amount of the payments. If the Property is acquired by Lender, Mortgagor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Lender to the extent of the Secured Debt immediately before the acquisition. B. Mortgagor agrees to maintain comprehensive general liability insurance naming Lender as an additional insured in an amount acceptable to Lender, insuring against claims arising from any accident or occurrence in or on the Property. C. Mortgagor agrees to maintain rental loss or business interruption insurance, as required by Lender, in an amount equal to at least coverage of one year's debt service, and required escrow account deposits (if agreed to separately in writing), under a form of policy acceptable to Lender. 21. NO ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Mortgagor will not be required to pay to Lender funds for taxes and insurance in escrow. 22. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Mortgagor will provide to Lender upon request, any financial statement or information Lender may deem necessary. Mortgagor warrants that all financial statements and information Mortgagor provides to Lender are, or will be, accurate, correct, and complete. Mortgagor agrees to sign, deliver, and file as Lender may reasonably request any additional documents or certifications that Lender may consider necessary to perfect, continue, and preserve Mortgagor's obligations under this Mortgage and Lender's lien status on the Property. If Mortgagor fails to do so, Lender may sign, deliver, and file such documents or certificates in Mortgagor's name and Mortgagor hereby irrevocably appoints Lender or Lender's agent as attorney in fact to do the things necessary to comply with this section. 23. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Mortgage are joint and individual. If Mortgagor signs this Mortgage but does not sign the Evidence of Debt, Mortgagor does so only to mortgage Mortgagor's interest in the Property to secure payment of the Secured Debt and Mortgagor does not agree to be personally liable on the Secured. Debt. Mortgagor agrees that Lender and any party to this Mortgage may extend, modify or make any change in the terms of this Mortgage or the Evidence of Debt without Mortgagor's consent. Such a change will not r"l„ase Mortgagor from the terms of this Mortgage. The duties and benefits of this Mortgage shall bind and benefit the successors and assigns of Mortgagor and Lender. If this' Mortgage secures a guaranty between Lender and Mortgagor and does not directly secure the obligation which is guarantied, Mortgagor agrees to waive any rights that may prevent Lender from bringing any action or claim against Mortgagor or any party indebted under the obligation including, but not limited to, anti deficiency or one action laws. 24. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Mortgage is governed by the laws of the jurisdiction in which Lender is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Mortgage is complete and fully integrated. This Mortgage may not be amended or modified by oral agreement. Any section or clause in this Mortgage, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any section or clause of this Mortgage cannot be enforced according to its terms, that section or clause will be severed and will not affect the enforceability of the remainder of this Mortgage. 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AND ALSO: 8eginntng 50.0 soot East of the Southeast lunar SE 1 /4NW I f4 seCtiott 15, Township 3 North, Range 119 West arc running thence North 244.0 feet, thence North 26' 15' West, 105.0 teat, thence North 77'0' West, 105.0 feet, thence South 84'0' West, 158.0 fat, thence South 70'45' West. 231.0 feet. than North 88'15' west. 264 0 feet, thence North 45'50' West 198.0 feet, thence South 84'DO 'Nest. 4 62.0 feat more or lass to the East R.o.W. County Raats. thence acth along carte East R.0 W. 172.0 feet. thence East 1345.0 feet more= or Iees to the East bounden; SE I /4NE 1 /4 Section 15, thonco South 247.5 feet to point of beg:nntng and containing 5.2 acres. AND ALSO: Beginning 247.5 teat North of the West Quarter Corner Section 15, 'ownshtp 34 North, Ronw 119 west :na running tnenus East 1280 test more or less to the west R 0 w County RoeO, thence North &ong said R 0.w.. 132.0 tent to an existing fence line, thentx South 04' t 7' west 1 28ti.0 teat more or less to point of begtnntng ma =taming 2.3 acres. AND ALSO: Sixth Principal Meridian, Wyoming, T. 34 N., R. 119 W.. sec. 15. SWI /45W!/4, xdntatr.:ng 4 0.00 cores. 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LID f):.. 0 UV P Beginning at a point N 3'0' W, 477 feet from the S1/4 (rrar of Section I5, T. 34 N, R. 119 W, and running thence N 0'0' E, 100 feet, thence N 90'0' W.100 feet. thence S 0'0' W. 100 feet. thence S 90 E. 100 feet to point of beginning. being a part Of the SE 1 /4SW 1 /4 of Section 15, T. 34 N. R. 119 W, belonging to Max Larsen. AND ALSO: (7) The following described reel property having began odweyed to M. Cavell Larsen and Mary Mn Larsen, husband and wife, by Warranty Deed rec crdedJuly 7, 1976, In Book 128PR, Page 348, Recording No. 480964: A tract 01 land in the SW 1 /4 of Section lb, f. 54N., R. 119W., 6tn P.M., Lincoln County, Wyoming more particularly described as follows: BEGINNING at the Northeast Garner of a tract cf record found In Hook 91, Pap 335, In the Office of the Lincoln County Clerk; the Point of Beginning being a found corner monumented by e 3/8 inch diameter steel reinforcing bar, 12 inches above ground; THENCE N 0'00' W, 13.00 feet to a point; THENCE N 90 W, 100 feet to a point; MINCES 0'00' E, 125.00 feet to a point; THEMES 90'00' 1 100.00 feet to a point; THENCE N 0'00' W, 112.00 feet to the point of beginning. Said tract of lend containing 0.287 acres more or less and being Subject to any rights -of -way, easements and alining or mineral reservations tnet have been legal ly acquired. Corners of said tract being monumented by a 5/8 inch diameter steel reinforcing bar and aluminum survey cap. AND ALSO: (6) The following described real property having been conveyed to M. Laveil t arson Ann fiery Ann 1 arsAn, husband and wife, W Warranty Deed recardedJuly 1 7 1978,In Soak i 47PR, Page 564, RecordingNa 51 1176: A tract of land in the SW 1 /4 of Section 15, T 34N., R 119W., 6th P.M., Lincoln County, Wyoming, more particuiar ly described as follows: DEOINNINO of the Northeast corner of a tract of record found in Book 91, Pace 335, in the Office of the Lincoln County Clerx; the Point of Oeglnntng celnq a found corner monumented by a 3/8 inch diameter steel reinforcing bar, 12 inches above ground; THENCE N 0'00' W, 13.00 feet to a point; THENCE N 90'00' W, 100.00 feet to a ;pint; THENCE 3 0 E. 225.00 feet to a point; THENCE S 90 E. 100.00 feet to a point; THENCE N 0'00' W, 21200 feet to the point of hemming. Said tract of land containing 0.516 acres more or less and being subject to arty rights of way, easements, and ditch rights for irrigation waters coming from Smith Creek or Birch Crock, end mining or mtnoral rocervations that have been previously legally acquired. AND ALSO: (7) The following described reel property having been conveyed to Kevan C. Larsen and C. Patricia terser, nusaano ono wife, Dy Warranty Deed recm'09oiune 21, 1983, in Book 202PR, Page 281, Recording Na 599133: A tract of land in the West Pall of Section 15, Township 34 N, Rance 119 West Sixth P.M., Lincoln County, Wyoming, more particularly described as follows: Beginning at !ne Wag One Ouarter Corner of Section 1S, Township 34 North, Pence 119 West, Lincoln County, Wyoming, and running: Thence North, along section line, 271.3 feet to the intersection with en accepted property bounder/ fences ;ne; Thence North 86'10' East, along the said fenceline, 1277.4 feet to the intersection with o fenceii to on the Westerly edge of the Theyce-rreeaom runty r38o; Thence South 5'09' west 275.6 feet io the Northeast cerner of a property Parcel Previo:s1y granted tc Kevsn C Larsen ano C. 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(ID The following described reel property which is the faiaflyresidianca A following encompassing all of the property between tip Scotty t described !ot and the South f haunted of the on the East by the West right of way line of the Fr i North County and extending to the West 20 feet beyond the West Road f Na 12 114 b daecribe lot The: pert of the SC 1 /4SW 1/4 of Sect 6 T31N fol 19 9 L incoin County, Wyoming de c, ibed as follows: COMMDiCING at the Southeast corner or Section 15 as described in the Certified lend Corner Recordation Certificate filed in the Office of the Clerk of Lincctn Coup feet to a 3 /8"x12" steel spike; thence North 18'14' W 167.00 o POINT OF BEGINNING ING: thence N 89'39.5 West 214.47 feet ton point; thence N 00'20.5' E, 203.22 feet; then 5 89'39.5 East, 114.47 feet to the Southwest corner of the tract of record in the said Office In fimk 147 of Photostatic Records on Pepe 5a4 thence continuing S 89'39.5' East, 100.00 feet along the South line of card tract to the Southamt point of said tract of record right of way line of the Freedom North County Road Na 12-114; thence S 00'20.5' West, 203.22 Net along said right -of -w BEGINNING; Encompassing an area al 1.00 acre, more or the the POINT OF base bearing for trns survey is the Joutn !me of the SW 1 /4 of Section 14, T34iv, RI 19W being West; that the foreQoing.trect Is subject to the part of said County Rood No. 2-114 lying ena being sitt,ate within its pounds, if any exist, enc that the intent of this cesertpticr is to make the East line of the (crewing tract coincident with the West right -of -way line of said County Road; each point marked Dy a steel T- sheped stake 24" long with metal cap inscribed "SURVEY POINT DO NOT DISTURB RLSi64'. OVER (13) Also execepting that parcel of land conveyed to Cherie Larsen,' husband and wife, recorded November 16, 1994, 94 J. ,Book 262 Larsen and Page 48, more particularly described as follows: P.B., Located within the E% of Section 15, Township 34 North West, Lincoln County, ,Range 119 west boundary C o the p Wyoming, as follows: BEGINNING at a point an the in that deed recorded ernal and Cherie Larsen property tract described Lincoln County Clerk, said point bP.B. page 650 in the Office of the 685 feet West of the South being approximately 1257 feet North and 685 t es I feet; Quateer- section Corner of Section 15; and running feet; THENCE N.21 194.8 feet; 3 E1S468 °05''W;298 feet; W 393.9 21'E 86.0 feet, THENCE N.87 59'E. 83.1 feet• THENCE e THENCE 5.38 52 E. 258.0 feet; SCE S• 30 E. 288.7 feet; THENCE and b THENCE S.25 °30'E. 103.4 feet to the point of g being bounded on the easterly sides by the above said property tract and the Thayne_Freedom County Road and on the westerly sides by existing fence lines. (AT"' (V 4 25