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HomeMy WebLinkAbout911052003'32 Prepared by and return to: Candy Flower R-G Crown Bank, 1398 E. Semoran Blvd. Ste 230 Casselberry, FL 32707 55% ~o ,g/3o RECEIVED §/19/2005 at 10:20 AM RECEIVING # 911052 BOOK: 595 PAGE: 2 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, VVY [Space Above This Line For Recordin§ Data] LOAN MODIFICATION AGREEMENT (Providing for Fixed Interest Rate) This Loan Modification Agreement ("Agreement"), made this 22nd day of July, 2005, between Jon D. Caldwell and Marsha L. Caldwell ("Borrower") and R-G.~Ba~,n~,, ("Lender"), amends and supplements (1) the Mortgage, Deed of Trust, or Security Deed (the "S6'~i3]~nstmment ), and Timely Payment Rewards Rider, if any, dated September 23, 2004 and recorded in Book or Liber 0~"lqat page(s) a76,Oof the Official Records of Lincoln County Wyoming and (2) the Note, bearing the same date as, and secured by, the Security Instrument, which covers the real and personal property described in the Security Instrument and defined therein as the "Property", located at 19 Evergreen Dr., Thayne, WY 83127 the real property described being set forth as follows: SEE ATTACHED EXIBIT A In consideration of the mutual promises and agreements exchanged, the parties hereto agree as follows (notwithstanding anything to the contrary contained in the Note and Security Instrument): As of hdv 22, 2(3.0.5, the amou_-.t payr:b!e under the Note and tke Seo~ity Instrument (the 'qJnpaid Principal Balance") is U.S. $216.500.00 consisting of the amount(s) loaned to Borrower by Lender and any interest capitalized to date. Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of Lender. Interest will be charged on the Unpaid Principal Balance at the yearly rate of 6.125%~ from September 1, 2_00._5. Borrower promises to make monthly payments of principal and interest of U.S. $1,328.69 beginning on the ls_! day of ~tenibel' 2005, and continuing thereafter on the same day of each succeeding month until principal and interest are paid in full. The yearly rate of 6.125°,.4, will remain in effect until principal and interest is paid in full. By executing this Agreement, Borrower waives any Timely Payment Rewards rate reduction to which Borrower may be entitled. If on October I, 2034 (the "Maturity Date"), Borrower still owes amounts under the Note and the Security Instrument, as amended by this Agreement, Borrower will pay these amounts in full on the Maturity Date. Borrower will make such payments at R-G Crown Bank or at such other place as Lender may require. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. Th.e notice_ : ~.$1~.~prg~.i~d~e. a~p,e~:iod~f:notq~ss than 30 days from the dal~ die not~q~ given in accordance with Section 15 within which Borrower must pay all sums secured by this Secnrity instrument. If Bon'ower fails to pay these sums prior to the expiration of this period, Lender may h]voke any remedies permitted by this Security Instrument without further notice or demand on Borrower. Borrower also will comply with all other covenants, agreements, and requirements of the Security Instrument, including without limitation, Borrower's covenants and agreements to make all payments of taxes, insurance premiums, assessments, escrow items, impounds, and all other payments that Borrower is obligated to make trader the Security Instrument; however, the following terms and provisions are forever canceled, null and void, as of the date specified in paragraph No. 1 above: (a) all terms and provisions of the Note and Security Instrument (if any) providing for, LOAN MODIFICATION AGREEMENT--Single Family--Fannie Mae Uniform Instrument Form 3179 1/01 (rev. 8/01) (~aee! · 00003 0:9'11.05;8 implementing, or relating to, any change or adjustment in the rate of interest payable under the Note, including, where applicable, the Timely Payment Rewards rate reduction, as described in paragraph 1 of the Timely Payment Rewards Addendum to Note and paragraph A.1. of the Timely Payment Rewards Rider. By executing this Agreement, Borrower waives any Timely Payment Rewards rate reduction to which Borrower may have otherwise been entitled; and (b) all terms and provisions of any adjustable rate rider, or Timely Payment Rewards Rider, where applicable, or other instrument or document that is affixed to, wholly or partially incorporated into, or is part of, the Note or Security Instrument and that contains any such terms and provisions as those referred to in (a) above. Nothing in this Agreement shall be understood or construed to be a satisfaction or release in whole or in part of the Note and Security Instrument. Except as otherwise specifically provided in this Agreemmt, the Note a.-~ ........... :v,l remaLu mnch~nged, and Borrower and Lender will be bound by, and comply with, all of the terms and provisions thereof, as amended by this Agreement. Jon D(JCaldwell -Borrower By: N'~ar~m L. Caldwell ~Below This Line For Acknowledgments] A%i~uhm B. Kircher, Vice President STATE OF Florida COUNTY OF Seminole The foregoing instrument was acknowledged before me, an officer duly authorized in the State and County aforesaid to take acknowledgments, by Autumn B. Kircher as Vice President respectively, of R-G CrOwn Bank. who are personally known to me and who did take an oath. The foregoing instrument acknowledged before me this 9th August 2005 by Jon D. Caldwell &Marsha L.Caldwell who satisfactorily oroven robe the person whose name within instrument My Commission Expires: Pamela Bragg Notary Public Form 3179 1/01 (rev. 8/O:lS:~Oaae::2.of2) c: \do%-~grfl\~O0001280. TIF 075 Lot 59 of Amended Plat of Star Valley Ranch Plat 1, Lincoln County, Wyoming as described on Plat No. 427346 of Lincoln County official records.