HomeMy WebLinkAbout908991 RECEIVED 6/6/2005 at 2:31 PM
RECEIVING # 908991
BOOK: 587 PAGE: 334
JEANNE WAGNER
LIN ;OLN COUNTY CLERK, KEMMERER, WY
CORRECTION AND RATIFICATION AGREEMENT
This agreement made and entered into by and between CHERRY CREEK MORTGAGE CO.,
INC. hereinafter referred to aS "Lender"., and RICHARD L. JOHNSON AND LORI A.
JOHNSON, Hereinafter referred to as "Borrower";
WITNESSETH:
WHEREAS, Borrower has executed that certain Deed of Trust dated MARCH 15, 2005,
and recorded in the records of the County of LINCOLN, State of WYOMING, encumbering the
following described property:
BEGINNING AT THE SOUTHWEST CORNER OF THE SOUTHEAST QUARTER
SOUTHEAST QUARTER OF SECTION 7, TOWNSHIP 34 NORTH, RANGE 118 WEST
OF THE 6TM P.M., LINCOLN COUNTY, WYOMING, AND RUNNING EAST 165 FEET:
THENCE NORTH 528 FEET: THENCE WEST 165 FEET: THENCE SOUTH 528 FEET
TO THE POINT OF BEGINNING.
WHEREAS, the said Deed of Trust recited as incorrect:
THE DEED OF TRUST EXECUTED AND RECORDED WITHOUT THE SIGNATURE
OF RICHARD L. JOHNSON ON THE BALLOON RIDER SECOND MORTGAGE.
ALSO, THE BALLOON NOTE ADDENDUM SECOND MORTGAGE DOCUMENT
WAS RECORDED WITH THE DEET OF TRUST.
NOW THEREFORE, Borrower hereby agrees that said Deed of Trust is amended to
reflect the following:
THE DEED OF TRUST EXECUTED AND RECORDED WITH THE SIGNATURE OF
RICHARD L. JOHNSON ON THE BALLOON RIDER SECOND MORTGAGE.
THE BALLOON NOTE ADDENDUM SECOND MORTGAGE DOCUMENT IS
REMOVED FROM RECORDING WITH THE COUNTY OF LINCOLN.
FURTHER, it is agreed between the parties that this agreement is hereby incorporated
into the said Deed of Trust. and hereby made a part thereof; and further that all other terms,
conditions, provisions and obligations of said Deed of Trust are hereby ratified and confirmed.
IN WITNESS WHEREOF, the parties have hereunto set their hands
th~s 7'~C:>~day °f ~~~~ ,~ .~
C HRIB..TI.NE~A. RYCHLEC ~I~A~:(.~;].:i'~S"0N:~:] ~
POST CLOS~G MANAGER
Loan ff 01008601 ' 'b'"~i~ ........
STATE OF COLORADO )
) S.S.
COUNTY OF ARAPAHOE )
The foregoingj.nstrument was acknowledged before me this'~ ~Jvc"-'---d-ay of ~/] '/'~
~c-'M"'~.q~' ' By RICHARD L. JOHNSON AND LORI A. JOI21~SON
Witness by hand and official seal.
My commission expires: [ ~__~ T..
STATE OF
COUNTY OF ARAPAHOE
My Commission Expires 12/02/2001~
COLORADO !)
)
00335
The forgoing ins~ument was acknowleCge~,~' before me this ~4:._.~___~ day of
~ , ~_x~--~ ! by CHRISTINE _A~ AS POST
CL(~SII',~ MANAGER OF CHERRY CRt~EK MORTGAGE CO. 1NC. A COLORADO
CORPORATION.
Witness my hand and official seal.
My commission expires: .t/~- ~-~
~ STATE OF COLORADO
My Commission Expires 12/02/2006
BALLOON RIDER
SECOND MORTGAGE
003: .6
This Balloon Rider is made this 15TH day of MARCH, 2005 and is
incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security
Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secure
Borrower's Note (the "Note") to CHERRY CREEK MORTGAGE CO., 1NC.
(the "Lender") of the same date and covering the property described in the Security Instrument and
located at 777 LOST CREEK ROAD, THAYNE, WYOMING 83127
(the "Property").
Additional Covenants. Notwithstanding anything to the contrary set forth in the Note or Security
Instrument, Borrower and Lender further covenant and agree as follows:
THIS LOAN IS PAYABLE IN FULL AT MATURITY. YOU MUST REPAY THE
ENTIRE PRINCIPAL BALANCE OF THE LOAN AND UNPAID INTEREST THEN DUE.
LENDER IS UNDER NO OBLIGATION TO REFINANCE THE LOAN AT THAT TIME. YOU
WILL, THEREFORE, BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS THAT
YOU MAY OWN, OR YOU WILL HAVE TO FIND A LENDER, WHICH MAY BE THE
LENDER YOU HAVE THIS LOAN WITH, WILLING TO LEND YOU THE MONEY. IF YOU
REFINANCE THIS LOAN AT MATURITY, YOU MAY HAVE TO PAY SOME OR ALL OF
THE CLOSING COSTS NORMALLY ASSOCIATED WITH A NEW LOAN EVEN IF YOU
OBTAIN REFINANCING FROM THE SAME LENDER.
By signing below, Borrower accepts and agrees to the terms and covenants contained in this
Balloon Rider.
(Seal) ' ' ~ (Seal)
~NSON ~
(Seal) (Seal)
(Seal) (Seal)
Form 651 page 1 of I 5/1/01