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WITNESSETH:
RECEIVED
0
AGREEMENT,"'ES kL AFFIDAVIT, AND 2
STATEMENT OF VOLUNTARY SURREND OkAN N i:.
14EMMERe R, WYOMING
WHEREAS,THIS AGREEMENT, ESTOPPEL AFFIDAVIT, AND
STATEMENT OF VOLUNTARY SURRENDER is made and entered into as of
this 1 day of Pr -1L 2000 by and between Roger J. Andreasen and
Stacey J. Andreasen "Grantors a married couple, whose address is P.O. Box
903 Mexico, MO and the Secretary of Housing and Urban Development (the
"Grantee whose mailing address is 12240 Inwood Rd., Suite 400, Dallas,
Texas.
1. On October 18, 1994, Grantors executed and delivered a mortgage
(the "Mortgage in favor of the Keycorp Mortgage, Inc., whose underwriter was
the Grantee, originally encumbering the property covered by said Mortgage,
which is described as follows:
The Southerly 50 feet by 90 feet of Lot 11 of Block 42 of the First Addition
to the Town of Kemmerer, Lincoln County, Wyoming, being more particularly
described by metes and bounds as follows:
Beginning at the southwesterly corner of said Lot 11 and running thence
northerly along the westerly boundary line of said Lot 11, a distance of 90 feet;
thence easterly on a line parallel with the northerly and southerly boundary lines
of said Lot 11, a distance of 50 feet to a point on the easterly boundary line of
said Lot 11; thence southerly along the east boundary line of said Lot 11, a
distance of 90 feet to the Southeasterly Corner of said Lot 11; thence westerly
along the southerly boundary line of said Lot 11, a distance of 50 feet to the point
of beginning.
Hereto and by this reference made a part hereof, together with all buildings and
improvements situate on said real property and all fixtures and appurtenances
thereto (collectively the "Property and securing a promissory note "Note of
the same date.
2. Said Note was secured by the Mortgage dated October 18, 1994 in
the original principal amount of $51,125.00 which was executed and delivered by
Grantors to Keycorp Mortgage, Inc., together with interest and other
indebtedness described in the Mortgage. The Mortgage was recorded in the
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conveyance of the property to the Grantee under the respective terms of the
Deed in Lieu of Foreclosure constitutes, as a whole, the absolute conveyance
and unconditional sale to the Grantee of all of Grantors' right, title, equity, and
interest of every kind and character in and to the property, together with any and
all buildings and improvements thereon situate and any and all fixtures and
appurtenances thereto, with a full release of all homestead rights, if any, in and to
the property and also constitutes, as a whole, the conveyance, transfer, and
assignment to the Grantee of all of Grantors' rights of possession thereof, rights
to rentals and profits therefrom, and equity of redemption and statutory right of
redemption in and to the property,
6. Grantors acknowledge, agree, certify, and warrant that they
have full power and authority to execute and deliver the Deed in Lieu of
Foreclosure and this instrument; that the Deed in Lieu of Foreclosure and this
instrument are valid and legally binding upon Grantors, enforceable against them
in accordance with its terms. Grantors further acknowledge, agree, certify, and
warrant that the transaction contemplated by the Deed in Lieu of Foreclosure and
this instrument are of a tangible benefit to them and that the Deed in Lieu of
Foreclosure has been given voluntarily by Grantors to the Grantee, in good faith
on the part of Grantors and the Grantee, without any fraud.
7. Grantors acknowledge and agree that the Deed in Lieu of
Foreclosure is intended and understood to be an absolute conveyance and
unconditional sale to the Grantee with full extinguishment of Grantors' equity of
redemption and statutory right of redemption, with full release of Grantors' right,
title, and interest of every kind and character in and to the property; that such
conveyance was not, and is not now, intended as a mortgage, trust conveyance,
deed of trust, or security instrument of any kind; and that the consideration for
such conveyance is as recited in this Agreement.
8. Grantors acknowledge and agree that the Deed in Lieu of
Foreclosure shall not restrict the right of the Grantee, at its election, to institute a
foreclosure of the lien of the Mortgage as to the property, and that while Grantors
have been personally released from any further liability for payment of the Note,
the Grantee may retain the lien of the Mortgage as to the property and any and
all evidences of the released portion of the Indebtedness secured thereby, and
may deem the released portion of the Indebtedness unpaid and in default for the
purpose of instituting and perfecting foreclosure of the property pursuant to law
as against third parties who may have or claim an adverse interest in or a lien
upon any of said Property. The Grantee agrees to release, in whole or in part,
the property from the lien of the Mortgage when and as it sells the Property.
Grantee has forgiven and fully released Grantors from any and all debt,
obligation, cost and charges existing under and by virtue of the promissory note
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STATE OF MISSOURI
COUNTY OF AUDRAIN
My Commission Expires:
ACKNOWLEDGMENT
SS.
Witness my hand and official seal.
GRANTORS:
024
ROGER J. ANDREASEN AND STACEY
J. ANDREASEN, a married couple
By.
ROGER APdbREASEN
By:
STACEY J. AN Ir ASEN
The foregoing instrument was acknowledged before me by Roger
J. Andreasen and Stacey J. Andreasen this 19th day of April
2000.
ry Public
DEBORAH A. SCHICK
NOTARY PUBLIC
NOTARY SEAL STATE OF MISSOURI
AUDRAIN COUNTY
My Commission Expires on 04- 12.2001