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870593
DEED -IN -LIEU OF FORECLOSURE
RECE I'vE:0
LINCOLN COUNTY CLERK
01 JAN "14 A f II: 3
JEANNE WAGNER
KEMMERER, WYOMING
KNOW ALL MEN BY THESE PRESENTS, that Donald P. Hutchinson
hereinafter referred to as "Grantor for the consideration set
forth below, grants, warrants, and conveys unto The Wyoming
Community Development Authority, hereinafter referred to as
"Grantee" the following described premises:
The Lot Numbered Eleven (11)of the Block Numbered Thirty Four (34)
of The First Addition to the City of Kemmerer as Platted and
Recorded in Official Records of, Lincoln County, Wyoming.
Together with all buildings, improvements thereon situate
and appurtenances thereonto belonging, which represents all of
Grantors' interest in said lands.
Grantor or their predecessor executed a mortgage on the
above described real property in favor of The Wyoming Community
Development Authority, securing a Note of even date in the sum of
Fifty Three Thousand Five Hundred Seventy Nine and NO /100s
Dollars, (53,579.00), which mortgage was recorded on August 11,
1997, in Book 400PR on Page 314, of the records of the Lincoln
County, Wyoming Clerk.
The Grantor has defaulted in the payments due on said Note
and is unable to meet the obligations of said Note and Mortgage
according to the terms thereof. The parties desire to avoid the
expense and delay of foreclosure. By acceptance of this Deed,
Grantee acknowledges that Grantor has satisfied the aforesaid
Note by this conveyance.
Grantor hereby waives and releases all rights under and by
virtue of the Homestead Exemption Laws of the State of Wyoming,
or any rights of redemption which they might have in the described
property, and affirmatively states that there is no understanding
or agreement with Grantee whereby Grantor have any right to a
reconveyance of the premises or an interest in any sale proceeds
which Grantee may receive from the subsequent sale or transfer of
the premises.
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