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Please Re urn To:
GMAC Mortgage Corporation
Construction Lending Division
4 Walnut Grove Drive
Horsham, P A 19044
RECEIVED 9/11/2006 at 3:23 PM
RECEIVING # 922366 "
BOOK: 633 PAGE: 482
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
(Space Above this Line for Recording Data)
LOAN MODIFICATION AGREEMENT
(To Extend the Time for the Completion of Construction)
This Loan Modification Agreement is made effective as of March 29, 2006 by the undersigned
OTTO W. NULLE
and JACQUELINE NULLE
("Borrower"), in regard to that certain Mortgage Deed, Deed of Trust or Security Instrument (hereinafter
"Security Instrument") made by the Borrower in favor of GMAC Mortgage Corporation, 100
Witmer Road, P.O. Box 963, Horsham, PA 19044-0963 ("Lender"), which is dated October 18,
2005 and which secures the debt of the Borrower, as set forth in a Fixed Rate Promissory Note of
even date therewith (hereinafter "Note") in the original principal amount of $ 237,600.00 against
the property of the Borrower located at
300 Mahogany Way, Thayne, Wyoming 83127
as more fully described in said Security Instrument, and which Security Instrument is recorded at
Book Ø'JtitHifi
liD t
, at Page(s) ~
Records of Ll ~ ~~ I ~ (W~
(County and State, or other Jurisdiction)
of the
(Name of Records)
WHEREAS, the Borrower wishes to extend the time for the Borrower to complete the
construction of the buildings or improvements that is set forth in the loan documents, including particularly
the Construction Rider To Promissory Note and Security Instrument, that was originally executed by the
Borrower and attached as a Rider to the Note, and that was recorded with such Secmity Instrument (both
copies of which are hereinafter referred to as "Construction Rider" and the Construction Loan Agreement;
and
WHEREAS, the Borrower wishes to extend the period for construction without the establishment
of a Delayed Construction Holdback Account at this time, but prefers instead to modify the executed and
recorded. documents to exend the Construction Completion Date, without limiting or altering the right of
the Lender to establish the Delayed Construction Holdback Account at a future time, if the Lender shall
deem it necessary;
NOW THEREFORE, in consideration of One ($1.00) Dollar and other valuable consideration
and of th'e terms hereof, the parties hereto do hereby modify and amend the aforesaid Construction Rider
only as fµllows:
I
LOAN MODIFICATION AGREEMENT To Extend Construction Period - Single Family
WYOMING
588078105 -
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000483
1. The terms of the loan documents, Construction Loan Agreement and said Construction Rider
are hereby altered and amended to change the date described as the "Construction Completion Date"
from March 29, 2006 (wherever it appears therein) to July 28, 2006.
2f In accordance with the terms of paragraph 3 of the Construction Rider, as amended hereby, the
BOlTOWef Shall continue to make monthly payments of interest only, at the interest rate required under the
terms of the Note, in an amount based upon the outstanding principal balance all as therein provided until
August ii,' 2006. On September 1, 2006, the Borrower shall commence the payment of principal
and interest, in the amount of $1,592.79.
I
3. Nothing contained herein shalllirnit or amend any of the the rights of the Lender in any way,
including without limitation, the right to establish a Delayed Construction Holdback Account at a future
time, if the Lender shall deem it necessary.
4. Except as modified hereby, the aforesaid Note, Security Instrument, Construction Loan
Agreement, Loan Documents and Construction Rider remain unchanged and in full force and effect, and
the modifications and amendments made herein shall not serve to extend or alter the final maturity date
described therein.
BY SIGNING BELOW, I accept and agree to the promises, agreements, terms and covenants contained in
this Loan Modification Agreement.
~IJ) ~
OTTO W. NULLE
~~~7NU~J 1k .
(Seal)
-Borrower
Witnesses:
(Seal)
-BOlTOwer
(Seal)
-Borrower
(Seal)
-BoITower
(Space Below This Line For Acknowledgement)
STATE OF WYOMING, L /YI C(lI"1 County ss:
I ,
lh~ foregoing instrument was acknowledged before me this J I -t:.!:L d ~ of' A- ~ c....r-l; 20 Cl' c
Ii, date
OTTO W. NULLE and JACQUELINE NULLE
I
My COl,m'iSSion Expires01etY'Ct, L~ 2t7oq !.. ~ a. ~~
i '.,.. --=- Notar PublIc
I JEFFERY A. STRGAR - NOTARY PUBLIC
i COUNTY OF . STATE OF
! LINCOLN' WYOMING
MY COMMISSION EXPIRES 3/Í-1/2.. øC(
LOAN MODIFICA nON AGREEMENT To Extend
WYOMING
by
588078105 -
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000484
IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the
day and year first above written. .
GMAC Mortgage Corporation
(SEAL)
i i
ST 1 Tk OF PENNSYLVANIA
COUNTY OF MONTGOMERY
)
)
ss. Horsham
On the 30th " day of June
Notary Public in and for said State, personally appeared
, 200~, before me, the undersigned, a
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per~OrallY known to me or proved to me on the basis of satisfactory evidence to be the individual whose
namei is subscribed to the within instrument and acknowledged to me that he executed the same in his
capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the
individual acted, executed the instrument. I
I i WTINESS my hand and official "a1 ~£ ~ . "\~
(Tms'area for Official Notarial Seal) Not fY- Public
My mmission Expires:
e~ONJWEALTH OF~VAMP.
¡ NOTARIAL SEAL
JOANN T. VOLl, Notary Public
Harsham Twp., Mont~omery County
M Ccmrl!szion Ex ires oep!emlJar 9, 2007
ERNEST R. RILEY
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