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HomeMy WebLinkAbout970789THIS INSTRUMENT WAS PREPARED BY, AND WHEN RECORDED SHOULD BE RETURNED TO: Holland Hart LLP 25 South Willow Street P.O. Box 68 Jackson, WY 83001 -0068 7 I1 amilwaregtassmaft Wit WYOMING TITLE- ESCROW A MOTH LODE COMPANY RECEIVED 5/2/2013 at 3:46 PM RECEIVING 970789 BOOK: PAGE: JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY NON MERGER DEED IN LIEU OF FORECLOSURE KNOW ALL MEN BY THESE PRESENTS that Tiphany L. Gayhart, a married woman "Grantor for and in consideration of good and valuable consideration, hereby gives, grants, bargains, sells, releases, conveys, assigns and warrants to Bank of Jackson Hole, a Wyoming banking corporation, located at 975 West Broadway, Jackson WY 83001 "Grantee the real property situated in Lincoln County, State of Wyoming (the "Premises more particularly described in Exhibit A attached hereto, together with all of Grantor's right, title, interest and equity, including its equitable and statutory right of redemption. GRANTOR covenants with Grantee that the former is now seized in fee simple of the Premises and that the latter shall enjoy the Premises free of all encumbrances, but subject to: (i) reservations, restrictions, conditions, covenants, easements, rights -of -way of record, and encroachments ascertainable by physical inspection, if any, (ii) the Mortgage dated October 18, 2007, which was recorded with the Lincoln County, Wyoming County Clerk on November 5, 2007, as Document No. 934618 at Book 677, Page 770, (iii) an Assignment of Leases and Rents executed on October 18, 2007, and recorded with the Lincoln County, Wyoming County Clerk on November 5, 2007 as Instrument No. 934619 at Book 677, Page 778, and (iv) other encumbrances of record disclosed in that certain title insurance commitment dated January 9, 2013, at 7:30 a.m., issued by Stewart Title Insurance Company under Commitment Number 12101 -3493 1 and (iv) all special and general taxes and assessments currently owing and which will become owing in the year 2013 and subsequent years. TOGETHER WITH all of the rights and privileges of Grantor in the Premises, and all of the tenements, hereditaments, appurtenances and improvements, thereupon belonging or otherwise appertaining, or thereto incident, the rents, issues, and profits thereof. TO HAVE AND TO HOLD the conveyed Premises, all and singular, together with all the rights, privileges, tenements, hereditaments, appurtenances and improvements, thereupon belonging, or otherwise appertaining, or thereto incident, including, without limitation, the rents, issues, and profits thereof and all water rights appurtenant thereto, unto said Grantee, and to its successors and assigns, to its own use and benefit FOREVER as an INDEFEASIBLE ESTATE IN FEE SIMPLE ABSOLUTE. This Deed is an absolute conveyance of title, in effect as well as in form, and is not intended as a mortgage, trust conveyance or security interest of any kind. IT IS THE SPECIFIC INTENT OF GRANTOR AND OF GRANTEE, as evidenced by Grantee's acceptance of this Deed, that this Non Merger Deed in Lieu of Foreclosure shall not merge with and shall not cause a termination or discharge of the Mortgage, and shall not cause a termination, satisfaction, novation or discharge of the indebtedness secured by the Mortgage, and the lien and interests granted in the Mortgage shall survive the execution, delivery and a recording of this Deed. The undersigned hereby waives all homestead or related rights. STATE OF WYOMING ss. COUNTY OF LINK: 01 I S' ms, 4-) CHRIS W. KOLP NOTARY PUBLIC UBLIC i COUNTY OF STATE OF LINCOLN WYOMING MY COMMISSION EXPIRES AUGUST 6, 2016 COUNTY OF LINCOLN DATED as of the STATE OF WYOMING ss. COUNTY OF UV t;d Iv CHRIS W. KOLP NOTARY PUBLIC STATE OF WYOMING MY COMMISSION EXPIRES AUGUST 6, 2016 �1 day of i` r T l FIANY The undersigned spouse of the Grantor hereby waives all homestead or related rights and acknowledges that the foregoing property is the sole. a separate prop- ty of the Grantor. GAYHAR C WALTER KENNIS LU This instrument was acknowledged before me on Tiphany L. Gayhart. 2 2013. (Signature o notarial office:) My commission expires: Ctun (o 2013, by This instrument was acknowledged before me on f+p oi ;7 2013, by Walter Kennis Luts. (Seal, if any) -ti (Signature of`notarial officer) My commission expires: C M) (b EXHIBIT A LEGAL DESCRIPTION Lot 706 of Lakeview Estates 5th Addition to the Town of Alpine, Lincoln County, Wyoming as described on the official plat filed on December 23, 2002, as Instrument No. 886460 of the records of the Lincoln County Clerk; and Lot 306 of Palis Park Third Addition to the Town of Alpine, Lincoln County, Wyoming as described on the official plat filed on July 22, 1994 as Instrument No. 787015 of the records of the Lincoln County Clerk. 6118722_1