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RECEIVED 5/26)';¿ðtJ'ö"at 11 :34 AM
RECEIVING # 918819
BOOK: 621 PAGE: 295
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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MODIFICATION OF PROMISSORY NOTE #116592 AND MORTGAGE
BORROWER
LENDER
Sally L. Martin
P.O. Box 3399
Alpine, WY 83128
The Bank of Jackson Hole
990 W. Broadway
P.O. Box 7000
Jackson, Wy 83002
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Address of Rear Property: 865 Saddle Drive, Nordic Ranch IV L 52,
Etna, WY 83118 ~
THIS MODIFICATION and EXTENSION OF
MORTGAGE, dated the 18th day of May, 2006,
between Borrower and Lender identified above.
PROMISSORY NOTE AND
is executed by and
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A. On April 11, 2006, Lender made a loan #116592 to Borrower
evidenced by Borrower's promissory note payable to Lender in the
original principal amount of $10,000.00, 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 as Document No. 917622 Filing date April 20, 2006 in Book
617 at page 389 in Lincoln County, WY and all Modifications of
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/ record. The Note and Mortgage and any other related documents are
hereafter cumulatively referred to as the "Loan Documents. II
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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 maturity date of the Note will remain April 11, 2009
at which time all outstanding sums due to the Lender under
the Note shall be paid in full.
2. The parties acknowledge and
principal balance of the
interest balance was $41.28
this extension.
agree that on May 19, 2006 the
loan was $9,714.85 and the
due and payable at the time of
3. The parties acknowledge and agree to increase the amount
of the promissory note and mortgage by $5,000.00, to a
total of $14,714.85.
4. Borrower agrees to pay a recording fee of $11.00.
Recording fee plus interest due of $41.28 a total of
$52.28 is due and payable at the time of this
modification.
5. It is further agreed that the interest rate will increase
to 8.75%-fixed, effective 05-19-2006.
6. Borrower agrees to pay 34 monthly payments of $477.35
beginning 06-11-2006 and 1 payment of $477.30 on 04-11-
2009.
7. Mortgagor represents and warrants thàt Mortgagor owns the
property free and clear of any liens or encumbrances other
than the liens described on Schedule B Below.
8. Except as expressly modified herein, all,; terms and
conditions' of the Loan Documents shall remain in full
force and effect. The parties hereby adopt, ratify and
confirm these terms and conditions as modified.
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9. Mortgagor agrees to execute any additional documents which
may be required by Lender to carry out the intention of
this Agreement. As of the date of this Agreement, there
are no claims, defenses, setoffs or counterclaims of any
nature which may be asserted against Lender by any of the
undersigned.
SCHEDULE A
LOT 52, NORDIC RANCHES DIVISION NO.4, LINCOLN COUNTY, WYOMING,
ACCORDING TO THAT PLAT RECORDED AUGUST 9, 1994 IN THE OFFICE OF
COUNTY CLERK AS INSTRUMENT NO.787903, PLAT NO. 311-C
SCHEDULE B
1sT MORTGAGE IN FAVOR OF BANK OF JACKSON HOLE IN THE AMOUNT OF
$138,500.00 DATED JULY 27, 2005 RECORDED AUGUST 5, 2005, BOOK 593
P. R., PAGE 415. ASSIGNMENT TO MORTGAGE ELECTRONIC REGISTRATION
SYSTEMS, INC., RECORDED AUGUST 18, 2005, BOOK 594 P.R., PAGE 816.
BORROWER
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Acknowledgment
State of ~1\');0..5
County of L,'hCD( "'-. ) SS
This instrument was acknowledged before me this I~ day of ~aL
by Sally L. Martin ~
Witness my hand and official seal.
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Notary Public ¥
My commission expires: ('fCÞÇ)9
MARLENE FISHER NOTARY PUBLIC
COUNTY OF ~ STATE OF
LINCOLN ~ WYOMING
Y COMMISSION EXPIRES JANUARY 10, 2009
President
Corporate Acknowledgment
State of Wyoming )
County ofL;(\c.ol" )
On the J<?+I- day of mQ~ , 2006, the foregoing instrument was
acknowledged before me by Phillip W. Newcomb, who being by me duly sworn, did
depose and say that he is the Senior Vice President of The Bank of Jackson
Hole , the corporation described herein and which executed the foregoing; that
he/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 corporation, and that he/she signed his name thereto by
like order.
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Witness my hand and official seal.
. . NOTARY PUBLIC ~
commlSSlon explres: {_ fO _ O~
MARLENE FISHER NOTARY PUBLIC
COUNTY OF ~ STATE OF
LINCOLN ., WYOMING
MY COMMISSION EXPIRES JANUARY 10, 2009
My
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