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MODIFICATION OF PROMISSORY NOTE #112608 AND MORTGAGE
BORROWER
Donald R. Williamson
Br~nda J. Williamson
P.O. Box 258
Jackson, Wy 83001
LENDER
The Bank of Jackson Hole
990 W. Broadway
P.O. Box 7000
Jackson, Wy 83002
Address of
Real Property:
Parcel l:Lots 2,3
..Alpine, WYª}1?_8,.
·.....,-"~-~....r-;::)'_' _·tl._ .,_""~:-_..,..---=...:...-... '.'"' --.;,;.-_"
Parcel 2: 960 Maple
and 9 Meadow Ridge Estates,
- ~.'I. '
Way, Ja6k~on, Wy 83001
THIS MODIFICATION and EXTENSION. OF PROMISSORY NOTE AND
MORTGAGE, dated the 2nd day of August, 2005, is executed by and
between Borrower and Lender identified above.
15
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A. On February 7, ,2005, Lender made a loan #112608 to
Borrower evidenced by Borrower's promissory note payable to Lender
in the original principal amount of $300,000.00, which, Note was
secured by a Mortgage executed by mortgagor for the benefit of
Lender covering the real property described on Schedule A below
and recorded in Lincoln County, Wy as Receiving No. 906406, Filing
date February 11, 2005, in Book 578 at page 676 and in Teton
County as Document No. 0643511 Filing date February 11 i 2005 in
Book 57'9 at pages 742-745. The Note and Mortgage and any other
related documents are hereafter cumulatively referred to as the
"Loan Documents."
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B. The parties have agreed to Modify the Note and it is
necessary to provide for a similar Modification of Mortgage. The
parties agree as follows:
1. The parties acknowledge and agree th~ current principal
balance of this revolving r'ine of credit is $300,000.00.
The interest accrued as of August 2, 2005 is $1,348.97, ;
due and payable at the time of this extension.
2. The parties acknowledge and agree to increase the amount
of the loan by $40,000.00, to a total. of $340,000.00.
3. Borrower agrees to pay a Loan Fee of $200.00, a
fee of $11.00, along with interest for a
$1,559.97 due at the time of this modification.
recording
total of
4. Mortgagor represents and warrants that Mortgagor owns the
property free and clear of any liens or encumbrances other
than the liens described on Schedule B Below.
5. Except as expressly modified herein, all terms and
conCi1. tíons of the Loan Docunients sha];-~ remain in fu~~
force and effect. The parties hereby adopt, ratify and
confirm these terms and conditions åS modified.
6. Mortgagor agrees to execute any additional documents that
,,i' may be required by Lender to carry out the intention of
this Agree-ment. As of"the date of this Agreement, there
are no claims; defens'¿s'I~t'setoffs or counterclaims of any
nature that may be ass~ted against Lender by any of the
undersigned.
RECEIVED 3/3/2006 at 10:22 AM
RECEIVING # 916397
BOOK: 613 PAGE: 622
JEANNE WAGNER
--=,N~~:~ COUNTY CLERK, KEMMERER, WY
Grantor: BANK OF JACKSOK HOLE
Grantee: WILLIAKSOK, DOKALD R ET AL
Doc 0656758 bk 598 pg 450-451 Filed at 2:07 on 08/09/05
Sherry L Daigle, reton County Clerk fees: 11.00
By JULIE A HODGES Deputy
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SCHEDULE A
Parcel l: Lots 2,3 and 9 Meadow Ridge Estates, Lincoln County,
Wyoming, according to that plat filed April 28, 2004 in the Office
of the Lincoln County Clerk as Plat No. 237-A.
Parcel 2: Lot 27 of the Southgate Addition to The Town of Jackson,
Teton County, Wyoming according to that plat recorded April 30,
1971, as Plat No. 196.
SCHEDULE B.
None
BORROWER
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Donald R. Williamson
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Brenda J. Williamson '--'
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Acknowledgment
State of LO<j~ ) SS
County of .-S~fV)
This instrument was acknowledged before me this 3~ay of LL · ^', 11- 2005
by Donald'R.Williamson and Brenda·J. Williamson. - ~
Witness my hand and official seal.
.~~
U } Notary Public .
My commission expires: Q-tY07
LAURIE cae - NOTARY PUBLIC
County of . ~ State of
Teton ~ Wyoming
My CommIssIon Expires 9/12/2007
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LENDER
~~~~~~~'?
K.M. LeVasseur
Vice President
Corporate Acknowledgment
State of Wyoming
)ss
County of Teton )
On the ~ day of A~ ,2005, the foregoing instrument was
acknowledged before me by K.M.LeVasseur, who being by me duly sworn, did
depose and say that she is the Vice President of The Bank of Jackson Hole ,
the corporation described herein and which executed the foregoing; that she
knows the seal of said corporation; that the seal affixed to the foregoing is
such corporate seal; that it was so affixed by order of the Board of Directors
of said corporatiôn, and that she signed her name thereto by like order.
Witness my.hand and official seal.
~AR~
My commission eXPires:\IV\tllj 6,. 2.Dd1
CRYSTAL CHESSHIRE NOTARY PUBLIC
COUNlY. OF . STATE OF
TETON WYOMING
MY COMMISSION EXPIRES MAY 6, 2009
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