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HomeMy WebLinkAbout978483MORTGAGOR: JOLEA M. HAYDON Spouse of Irby Edward Haydon 231 River Rock Rd Afton, WY 83110 Irby Edward Haydon 231 River Rock Rd Afton, Wy 83110 A married person See 'EXHIBIT A" attached hereto and made apart hereof Irby Edward Haydon Wyoming Mortgage W Y /4XXXC ril CH00000000000676064091614N 1111 2 111 111111 0 2 1111 1111 9 11 1111 111111 111 2 1 1111111 1111 1 0 7 7 978483 9/22/2014 11:32 AM LINCOLN COUNTY FEES: $36.00 PAGE 1OF 9 BOOK: 839 PAGE: 850 MORTGAGE JEANNE WAGNER, LINCOLN COUNTY CLERK 1 1111111 1111 111 111111 1111111111 111 111 11111 11111 11111 11111 1111111 111 1111 1111 Space Above This Line For Recording Data MORTGAGE DATE AND PARTIES. The date of this Mortgage (Security Instrument) is September 17, 2014. The parties ar their addresses are: LENDER: THE BANK OF STAR VALLEY Organized and existing under the laws of Wyoming 113 Petersen Parkway P.O. Box 928 Thayne, WY 83127 1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledge and to secure the Secured Debts and Mortgagor's performance under this Security Instrument, Mortgagor dot hereby grant, bargain, convey, mortgage and warrant to Lender, with the power of sale, the following describ property: The property is located in Lincoln County at 231 River Rock Rd, Afton, Wyoming 83110. Wolters Kluwer Financial Services ®1996, 2014 Bankers SystemsT" Pag 1 1 11111,111 0 1111 111,1 11 11 Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water a riparian rights, wells, ditches and water stock and all existing and future improvements, structures, fixtures, a replacements that may now, or at any time in the future, be part of the real estate described (all referred to Property). This Security Instrument will remain in effect until the Secured Debts and all underlying agreemer have been terminated in writing by Lender. 2. SECURED DEBTS. The term "Secured Debts" includes and this Security Instrument will secure each of t following: A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications a replacements. A promissory note or other agreement, No. 02702793, dated September 17, 2014, from Ir Edward Haydon and Jolea M. Haydon (Borrower) to Lender, with a loan amount of $70,000.00. B. Sums Advanced. All sums advanced and expenses incurred by Lender under the _terms of this Secur Instrument. 3. PAYMENTS. Mortgagor agrees that all payments under the Secured Debts will be paid when due and accordance with the terms of the Secured Debts and this Security Instrument. 4. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or off lien document that created a prior security interest or encumbrance on the Property, 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 allow any modification or extension of, nor to request any future advances under any note agreement secured by the lien document without Lender's prior written consent. 5. CLAIMS AGAINST TITLE. Mortgagor will pay all taxes, assessments, liens, encumbrances, lease payment ground rents, utilities, and other charges relating to the Property when due. Lender may require Mortgagor provide to Lender copies of all notices that such amounts are due and the receipts evidencing Mortgagor payment, Mortgagor will defend title to the Property against any claims that would impair the lien of this Securi Instrument. Mortgagor agrees to assign to Lender, as requested by Lender, any rights, claims or defens Mortgagor may have against parties who supply labor or materials to maintain or improve the Property. 6. DUE ON SALE. Lender may, at its option, declare the entire balance of the Secured Debt to be immediately d and payable upon the creation of, or contract for the creation of, any transfer or sale of all or any part of t Property. This right is subject to the restrictions imposed by federal law, as applicable. 7. WARRANTIES AND REPRESENTATIONS. Mortgagor has the right and authority to enter into this Securi Instrument. The execution and delivery of this Security Instrument will not violate any agreement governil Mortgagor or to which Mortgagor is a party. 8. PROPERTY CONDITION, ALTERATIONS, INSPECTION, VALUATION AND APPRAISAL. Mortgagor will keep tl Property in good condition and make all repairs that are reasonably necessary. Mortgagor will not commit or alto any waste, impairment, or deterioration of the Property. Mortgagor will keep the Property free of noxious weer and grasses. Mortgagor agrees that the nature of the occupancy and use will not substantially change witho. Lender's prior written consent. Mortgagor will not permit any change in any license, restrictive covenant easement without Lender's prior written consent. Mortgagor will notify Lender of all demands, proceeding claims, and actions against Mortgagor, and of any loss or damage to the Property, Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time and frequency f• the purpose of inspecting, valuating, or appraising the Property. Lender will give Mortgagor notice at the time or before an on -site inspection, valuation, or appraisal for on -going due diligence or otherwise specifying reasonable purpose. Any inspection, valuation or appraisal of the Property will be entirely for Lender's benefit ar Mortgagor will in no way rely on Lender's inspection, valuation or appraisal for its own purpose, except otherwise provided by law. 9. AUTHORITY TO PERFORM. If Mortgagor fails to perform any duty or any of the covenants contained in th Security Instrument, Lender may, without notice, perform or cause them to be performed. Mortgagor appoini Lender as attorney in fact to sign Mortgagor's name or pay any amount necessary for performance. Lender's rigl to perform for Mortgagor will not create an obligation to perform, and Lender's failure to perform will not preclud Irby Edward Haydon Wyoming Mortgage WYl4XXX III I II I I III I I I II III I III 11 111 (IIII III I I IIIII I 1 11 llll ll Kluwer Ill Financial Services ®1996, 2014 Bankers SystemsTM Page 0 2 0 II I I 2 7 III 9 3% 2 4 4% 0 9 1 l 7 llll 2 0 llllll 1 l 4 Lender from exercising any of Lender's other rights under the law or this Security Instrument, If any constructic on the Property is discontinued or not carried on in a reasonable manner, Lender may take all steps necessary protect Lender's security interest in the Property, including completion of the construction. 10. ASSIGNMENT OF LEASES AND RENTS. Mortgagor assigns, grants, bargains, conveys, mortgages ar warrants to Lender as additional security all the right, title and interest in the following (Property): existing future leases, subleases, licenses, guaranties and any other written or verbal agreements for the use ar occupancy of the Property, including any extensions, renewals, modifications or replacements (Leases); and rent issues and profits (Rents). In the event any item listed as Leases or Rents is determined to be personal propert■ this Assignment will also be regarded as a security agreement. Mortgagor will promptly provide Lender wit copies of the Leases and will certify these Leases are true and correct copies. The existing Leases will t provided on execution of the Assignment, and all future Leases and any other information with respect to the Leases will be provided immediately after they are executed, Mortgagor may collect, receive, enjoy and use tt Rents so long as Mortgagor is not in default. Upon default, Mortgagor will receive any Rents in trust for Lend( and Mortgagor will not commingle the Rents with any other funds. Mortgagor agrees that this Securii Instrument is immediately effective between Mortgagor and Lender. This Security Instrument will remain effecth during any statutory redemption period until the Secured Debts are satisfied. As long as this Assignment is i effect, Mortgagor warrants and represents that no default exists under the Leases, and the parties subject to th Leases have not violated any applicable law on leases, licenses and landlords and tenants. 11. DEFAULT. Mortgagor will be in default if any of the following events (known separately and collectively as a Event of Default) occur: A. Payments. Mortgagor or Borrower fail to make a payment in full when due. B. Insolvency or Bankruptcy. The death, dissolution or insolvency of, appointment of a receiver by or on beha of, application of any debtor relief law, the assignment for the benefit of creditors by or on behalf of, th voluntary or involuntary termination of existence by, or the commencement of any proceeding under an present or future federal or state insolvency, bankruptcy, reorganization, composition or debtor relief law by c against Mortgagor, Borrower, or any co- signer, endorser, surety or guarantor of this Security Instrument or an other obligations Borrower has with Lender. C. Death or Incompetency. Mortgagor dies or is declared legally incompetent. D. Failure to Perform. Mortgagor fails to perform any condition or to keep any promise or covenant of thi Security Instrument. E. Other Documents. A default occurs under the terms of any other document relating to the Secured Debts. F. Other Agreements. Mortgagor is in default on any other debt or agreement Mortgagor has with Lender. G. Misrepresentation. Mortgagor makes any verbal or written statement or provides any financial informatio that is untrue, inaccurate, or conceals a material fact at the time it is made or provided. H. Judgment. Mortgagor fails to satisfy or appeal any judgment against Mortgagor. I. Forfeiture. The Property is used in a manner or for a purpose that threatens confiscation by a legal authority J. Name Change. Mortgagor changes Mortgagor's name or assumes an additional name without notifyin Lender before making.. such a change. K. Property Transfer. Mortgagor transfers all or a substantial part of Mortgagor's money or property. Thi condition of default, as it relates to the transfer of the Property, is subject to the restrictions contained in th DUE ON SALE section. L. Property Value. Lender determines in good faith that the value of the Property has declined or is impaired. M. Insecurity. Lender determines in good faith that a material adverse change has occurred in Borrower' financial condition from the conditions set forth in Borrower's most recent financial statement before the dat of this Security Instrument or that the prospect for payment or performance of the Secured Debts is impaire for any reason. 12. REMEDIES. On or after the occurrence of an Event of Default, Lender may use any and all remedies Lende has under state or federal law or in any document relating to the Secured Debts, including, without limitation, th power to sell the Property. Any amounts advanced on Mortgagor's behalf will be immediately due and may be Irby Edward Haydon Wyoming Mortgage WY/ 4XXXCRICH00000000000676064091614N Wolters Kluwer Financial Services @1996, 2014 Bankers Systems Page III I II II II VIII VIII I III I II II IIII 11 IIII III I I I III I I I II I I I II IIII 0 2 7 0 2 7 9 720 4 added to the balance owing under the Secured Debts. Lender may make a claim for any and all insurance benefit or refunds that may be available on Mortgagor's default. Subject to any right to cure, required time schedules or any other notice rights Mortgagor may have under feder and state law, Lender may make all or any part of the amount owing by the terms of the Secured Debi immediately due and foreclose this Security Instrument in a manner provided by law upon the occurrence of a Event of Default or anytime thereafter. Upon any sale of the Property, Lender will make and deliver a special or limited warranty deed that conveys tl property sold to the purchaser or purchasers. Under this special or limited warranty deed, Lender will covenal that Lender has not caused or allowed a lien or an encumbrance to burden the Property and that Lender w specially warrant and defend the Property's title of the purchaser or purchasers at the sale against all lawful clairr and demand of all persons claiming by, through or under Lender. The recitals in any deed of conveyance will k prima facie evidence of the facts set forth therein. All remedies are distinct, cumulative and not exclusive, and Lender is entitled to all remedies provided at law equity, whether or not expressly set forth. The acceptance by Lender of any sum in payment or partial paymet on the Secured Debts after the balance is due or is accelerated or after foreclosure proceedings are filed will nc constitute a waiver of Lender's right to require full and complete cure of any existing default. By not exercisir any remedy, Lender does not waive Lender's right to later consider the event a default if it continues or happer again. 13. COLLECTION EXPENSES AND ATTORNEYS' FEES. On or after the occurrence of an Event of Default, to tl extent permitted by law, Mortgagor agrees to pay all expenses of collection, enforcement, valuation, appraisal protection of Lender's tights and remedies under this Security Instrument or any other document relating to th Secured Debts. Mortgagor agrees to pay expenses for Lender to inspect, valuate, appraise and preserve tt Property and for any recordation costs of releasing the Property from this Security Instrument. Expenses includ but are not limited to, reasonable attorneys' fees after default and referral to an attorney not a salaried employ( of Lender. These expenses are due and payable immediately. If not paid immediately, these expenses will be interest from the date of payment until paid in full' at the highest interest rate in effect as provided for in the tern of the Secured Debts. In addition, to the extent permitted by the United States Bankruptcy Code, Mortgagc agrees to pay the reasonable attorneys' fees incurred by Lender to protect Lender's rights and interests connection with any bankruptcy proceedings initiated by or against Mortgagor. 14. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental La• means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CERCU 42 U.S.C. 9601 et seq.), all other federal, state and local laws, regulations, ordinances, court orders, attornE general opinions or interpretive letters concerning the public health, safety, welfare, environment or a hazardot. substance; and (2) Hazardous Substance means any toxic, radioactive or hazardous material, waste, pollutant contaminant which has characteristics which render the substance dangerous or potentially dangerous to tt public health, safety, welfare or environment. The term includes, without limitation, any substances defined "hazardous material," "toxic substance," "hazardous waste," "hazardous substance," or "regulated substanc( under any Environmental Law. Mortgagor represents, warrants and agrees that: A. Except as previously disclosed and acknowledged in writing to Lender, no Hazardous Substance is or will located, stored or released on or in the Property. This restriction does not apply to small quantities Hazardous Substances that are generally recognized to be appropriate for the normal use and maintenance the Property. B. Except as previously disclosed and acknowledged in writing to Lender, Mortgagor and every tenant haN, been, are, and will remain in full compliance with any applicable Environmental Law. C. Mortgagor will immediately notify Lender if a release or threatened release of a Hazardous Substance occu on, under or about the Property or there is a violation of any Environmental Law concerning the Property. I such an event, Mortgagor will take all necessary remedial action in accordance with any Environmental Law. D. Mortgagor will immediately notify Lender in writing as soon as Mortgagor has reason to believe there is ar pending or threatened investigation, claim, or proceeding relating to the release or threatened release of ar Hazardous Substance or the violation of any Environmental Law. Irby Edward Haydon Wyoming Mortgage WY/ 4XXXCR1CH00000000000676064091614N III 1 111111 IIII 1 III,III Z I 01 1111 9 Wolters Kluwer Financial Services ©1996, 2014 Bankers System Page I I Z 111I I 11 111111 I II 15. CONDEMNATION. Mortgagor will give Lender prompt notice of any pending or threatened action by private public entities to purchase or take any or all of the Property through condemnation, eminent domain, or any otl means. Mortgagor authorizes Lender to intervene in Mortgagor's name in any of the above described actions claims. Mortgagor assigns to Lender the proceeds of any award or claim for damages connected with condemnation or other taking of all or any part of the Property. Such proceeds will be considered payments a will be applied as provided in this Security Instrument. This assignment of proceeds is subject to the terms of a prior mortgage, deed of trust, security agreement or other lien document. 16. INSURANCE. Mortgagor agrees to keep the Property insured against the risks reasonably associated with t Property. Mortgagor will maintain this insurance in the amounts Lender requires. This insurance will last until t Property is released from this Security Instrument. What Lender requires pursuant to the preceding two sentenc can change during the term of the Secured Debts. Mortgagor may choose the insurance company, subject Lender's approval, which will not be unreasonably withheld. All insurance policies and renewals shall include standard "mortgage clause" (or "lender loss payable clause endorsement that names Lender as "mortgagee" al "loss payee If required by Lender, all insurance policies and renewals will also include an "additional insure endorsement that names Lender as an "additional insured If required by Lender, Mortgagor agrees to maintE comprehensive general liability insurance and rental loss or business interruption insurance in amounts and unc policies acceptable to Lender. The comprehensive general liability insurance must name Lender as an additior insured. The rental loss or business interruption insurance must be in an amount equal to at least coverage of o year's debt service, and required escrow account deposits (if agreed to separately in writing). Mortgagor will give Lender and the insurance company immediate notice of any loss. All insurance proceeds v be applied to restoration or repair of the Property or to the Secured Debts, at Lender's option. If Lender acquir the Property in damaged condition, Mortgagor's rights to any insurance policies and proceeds will pass to Lenc to the extent of the Secured Debts. Mortgagor will immediately notify Lender of cancellation or termination of insurance. If Mortgagor fails to keep t Property insured, Lender may obtain insurance to protect Lender's interest in the Property and Mortgagor will p for the insurance on Lender's demand. Lender may demand that Mortgagor pay for the insurance all at once, Lender may add the insurance premiums to the balance of the Secured Debts and charge interest on it at the ri that applies to the Secured Debts. This insurance may include coverages not originally required of Mortgagor, m be written by a company other than one Mortgagor would choose, and may be written at a higher rate th Mortgagor could obtain if Mortgagor purchased the insurance. Mortgagor acknowledges and agrees that Lender one of Lender's affiliates may receive commissions on the purchase of this insurance. 17. ESCROW FOR TAXES AND INSURANCE. Mortgagor will not be required to pay to Lender funds for taxes al insurance in escrow. 18. WAIVERS. Except to the extent prohibited by law, Mortgagor waives all homestead exemption rights relatii to the Property. 19. APPLICABLE LAW. This Security Instrument is governed by the laws of Wyoming, the United States America, and to the extent required, by the laws of the jurisdiction where the Property is located, except to t extent such state laws are preempted by federal law. 20. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. Each Mortgagor's obligations under this Securi Instrument are independent of the obligations of any other Mortgagor. Lender may sue each Mortgag individually or together with any other Mortgagor. Lender may release any part of the Property and Mortgagor v still be obligated under this Security Instrument for the remaining Property. Mortgagor agrees that Lender and a party to this Security Instrument may extend, modify or make any change in the terms of this Security lnstrume or any evidence of debt without Mortgagor's consent. Such a change will not release Mortgagor from the terr of this Security Instrument. The duties and benefits of this Security Instrument will bind and benefit t successors and assigns of Lender and Mortgagor. 21. AMENDMENT, INTEGRATION AND SEVERABILITY. This Security Instrument may not be amended modified by oral agreement. No amendment or modification of this Security Instrument is effective unless made writing and executed by Mortgagor and Lender. This Security Instrument and any other documents relating to t Secured Debts are the complete and final expression of the agreement. If any provision of this Security Instrume Irby Edward Haydon Wyoming Mortgage WY/ 4XXXCRICH00000000000676064091614N Wolte s Kluwer Financial Services 1996, 2014 Bankers SystemsTM IIII 1111111 IIIIIIII1IIIIIIIIIIIIIIIIIIIIIII 1IIIIIII Pag is unenforceable, then the unenforceable provision will be severed and the remaining provisions will still enforceable. 22. INTERPRETATION.. Whenever used, the singular includes the plural and the plural includes the singular. 1 section headings are for convenience only and are not to be used to interpret or define the terms of this Secur Instrument. 23. NOTICE, ADDITIONAL DOCUMENTS AND RECORDING FEES. Unless otherwise required by law, any noti will be given by delivering it or mailing it by first class mail to the appropriate party's address listed in the DA AND PARTIES section, or to any other address designated in writing. Notice to one Mortgagor will be deemed be notice to all Mortgagors. Mortgagor will inform Lender in writing of any change in Mortgagor's name, addr€ or other application information. Mortgagor will provide Lender any other, correct and complete informati Lender requests to effectively mortgage or convey the Property. Mortgagor agrees to pay all expenses, chart and taxes in connection with the preparation and recording of this Security Instrument. Mortgagor agrees to sic deliver, and file any additional documents or certifications that Lender may consider necessary to perfe continue, and preserve Mortgagor's obligations under this Security Instrument and to confirm Lender's lien stat on any Property, and Mortgagor agrees to pay all expenses, charges and taxes in connection with the preparati and recording thereof. Time is of the essence. SIGNATURES. By signing, Mortgagor agrees to the terms and covenants contained in this Security Instrumei Mortgagor also acknowledges receipt of a copy of this Security Instrument. MORTGAGOR: N �olea M. Haydon Individually Irby Ed6vard Haydon Individually LENDER: The Bank Of Star Valley aron L. Walker, Date -"(4 Date 9- ^7 7 /V I111II11II11101II111I1III 1111IIIIII11 III IIIIII111111111IIIIIIIII111111100111IIIIIIIII1111 IIIIIIIIII111 Date Irby Edward Haydon Wyoming Mortgage WY/ 4XXXCRICH00000000000676064091614N Wolters Kluwer Financial Services ©1996, 2014 Bankers Systems Page ACKNOV)ILEDGMENT. OF This instrument was ac fowled•' before me th /7 day of Jolea M. Haydon spouse of Irby Edward Haydon and Irby Edward Haydon, sp My commission expires:,?- 7/5 (Lender cknowledgment) NMLS ID S Ry 317 Irby Edward Haydon Wyoming Mortgage OF 41/1 AI This instrument was ac y owledd before me Sharon L. Walker as Vice President of The Bank My commission expires: -7 -75 Loan origination organization The Bank Of Star Valley NMLS ID 460498 J l Loan originator ,S n j =1 K&r OF/ OF otary Public) day of otar Public) ss. se of Jolea M. Haydon. 7 f Star Valley. ss. WY/4XXXCRICH0000000000067606409 1 61 4N Wolters Kluwer Financial Services ©1996, 2014 Bankers Systems"' 1111111111111 1111 1 1111 11II 111 1 111 I I 1 I IN 11111 11111 1 1111 1 1111 Pag NTL -68661 PARCEL 1 PARCEL 2 "EXHIBIT A" THAT PART OF THE W%2SW% OF SECTION 24, TOWNSHIP 31 NORTH, RANGE 119 WEST OF THE 6TH P.M., LINCOLN COUNTY, WYOMING, BEING PART OF THAT TRACT OF RECORDS IN THE OFFICE OF THE CLERK OF LINCOLN COUNTY IN BOOK 370 PR ON PAGE 640 AND IN BOOK 570PR ON PAGE 634, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT, N 31°26'16" E, 766.10 FEET FROM THE SOUTHWEST CORNER OF SAID W V2SW' /4; THENCE N 00 °06'43" E, 503.53 FEET, TO THE SOUTHEAST POINT OF THAT TRACT OF RECORD IN SAID OFFICE IN BOOK 516PR ON PAGE 403; THENCE COURSING ALONG THE EASTERLY BOUNDARY LINE OF SAID TRACT AS FOLLOWS: N 00 °06'43" E, 123.95 FEET, TO A POINT; N 42 °30'30" E; 49.41 FEET, TO A POINT; N 00 °06'43" E, 190.55 FEET, TO THE NORTHEAST POINT THEREOF, SAID POINT BEING ON THE NORTHEASTERLY BOUNDARY LINE OF SAID TRACT IN BOOK 370PR AND LEAVE EASTERLY BOUNDARY LINE; THENCE COURSING SAID NORTHEASTERLY LINE AS FOLLOWS: S 76 °14'l6" E, 158.02 FEET TO A POINT; S 85 °01'04" E, 60.99 FEET TO A POINT; S 42 °29'48" E, 262.66 FEET TO A POINT; S 52 °57'45" E, 86.00 FEET TO A POINT; S 70 °44'31" E, 105.14 FEET TO A POINT; S 53 °50'02" E, 75.94 FEET TO A POINT; S 21 °22'09" E, 164.12 FEET TO A POINT; S 25 °03'03" E, 45.30 FEET TO A POINT; S 88 °47'37" E, 191.09 FEET, TO A POINT ON THE EAST LINE OF SAID W1/2SW1/4 AND LEAVE SAID NORTHEASTERLY LINE; THENCE S 00 °07'07" W, 61.95 FEET, ALONG SAID EAST LINE, TO A POINT; THENCE N 88 °18'51" W, 83.48 FEET, TO THE EASTERLY MOST POINT OF THAT TRACT OF RECORD IN SAID OFFICE IN BOOK 513PR ON PAGE 691, ON THE SOUTH RIGHT -OF -WAY LINE OF SIXTY (60) FOOT ACCESS AND UTILITY EASEMENT; THENCE COURSING ALONG SAID RIGHT -OF -WAY LINE AND THE NORTH LINE OF SAID TRACT AS FOLLOWS: S 48 °31'31" W, 83.89 FEET TO A POINT AT THE BEGINNING OF A CIRCULAR CURVE TO THE RIGHT; WESTERLY 90.00 FEET, ALONG THE ARC OF SAID CIRCULAR CURVE, THROUGH A CENTRAL ANGLE OF 79 24'40" WITH A RADIUS OF 65.00 FEET TO A POINT; N 52 °03'49" W, 114.78 FEET, TO A POINT; N 11°03'16" WEST, 93.21 FEET TO A POINT AT THE BEGINNING OF A CIRCULAR CURVE TO THE LEFT; NORTHWESTERLY, 111.87 FEET, ALONG THE ARC OF SAID CIRCULAR CURVE, THROUGH A CENTRAL ANGLE OF 55 °53'10" WITH A RADIUS OF 114.69 FEET TO A POINT; N 66 °56'26" W, 125.01 FEET TO A POINT AT THE BEGINNING OF A CIRCULAR CURVE TO THE RIGHT; NORTHWESTERLY, 55.52 FEET ALONG THE ARC OF SAID CIRCULAR CURVE, THROUGH A CENTRAL ANGLE OF 21°26'35" WITH A RADIUS OF 148.34 FEET TO THE NORTHERLY MOST POINT OF SAID TRACT IN BOOK 513PR; THENCE S 26 °17'26" W, 26.85 FEET, ALONG THE NORTHERLY EXTENSION OF THE SOUTHEASTERLY LINE OF TRACT A -2 REVISED OF RECORD IN SAID OFFICE ON•THE PLAT NO. 356F, IDENTICAL WITH THE WESTERLY LINE OF SAID TRACT IN BOOK 513PR, TO THE EASTERLY POINT OF SAID TRACT A -2 REVISED; THENCE CONTINUING S 26 °17'26" W, 86.32 FEET, ALONG THE WEST LINE OF SAID TRACT, TO A POINT; THENCE S 00 °06'43" W, 394.37 FEET, ALONG SAID WESTERLY LINE, TO A POINT; THENCE S 89 °54'36" W, 308.65 FEET TO THE POINT OF BEGINNING. THAT PART OF THE W' /SW% OF SECTION 24, TOWNSHIP 31 NORTH, RANGE 119 WEST, LINCOLN COUNTY, WYOMING, BEING PART OF THOSE TRACTS OF RECORD IN THE OFFICE OF THE CLERK OF LINCOLN COUNTY IN BOOK 370 OF PHOTOSTATIC RECORDS ON PAGE 640 AND IN BOOK 570 OF PHOTOSTATIC RECORDS ON PAGE 634, DESCRIBED AS FOLLOWS: NTL -68661 BEGINNING AT THE NORTHEAST CORNER OF TRACT A -1.1 REVISED (2) OF SAID W1/4SW1/4 AND THE SOUTHEAST CORNER OF TRACT A -2 REVISED (2) OF SAID W %2SW'/4 AS SHOWN ON THE HUDSON L. ENGLAND AND CAROL ENGLAND AND AMIE DUNKLEY REVOCABLE TRUST DATED 23 JUNE, 2004, PLAT OF BOUNDARY ADJUSTMENT FILED DECEMBER 13, 2004 AS INSTRUMENT NO. 905184; THENCE SOUTH ON S 00 °06'43" W, 653.70 FEET, ALONG THE EAST LINE OF TRACT A -1.1 REVISED (2) OF SAID W %ZSW'/4, TO A POINT ON THE SOUTH LINE OF SAID W %S W'/4; THENCE WEST ON N 89 °57'54" W, 268 FEET, ALONG THE SOUTH LINE OF TRACT A -l.1 REVISED (2); THENCE NORTH, 653.70 FEET ON A STRAIGHT LINE TO S 89 °54'36" W; THENCE EAST ON S 89 °54'36" E, 268 FEET TO THE CORNER OF BEGINNING.