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000279
MODIFICATION AND EXTENSION OF PROMISSORY NOTE #114552
AND MORTGAGE
BORROWER
LENDER
Barry Griest
Linda Griest
970 Broadway
Jackson, WY
MBE 056
83001
Bank of Jackson Hole
990 W. Broadway
P.O. Box 7000
Jackson, Wy 83002
THIS MODIFICATION and EXTENSION OF PROMISSORY NOTE AND
MORTGAGE, dated the 8th day of November, 2006, is executed by and
between Borrower and Lender identified above.
A. On August 8, 2005, Lender made a loan ("Loan #114552") to
Borrower evidenced by Borrower's promissory note ("Note") payable
to Lender in the original principal amount of $329,000.00, 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. 910786 Filing date August 10,
2005 in Book 593 at page 858 in Lincoln County, WYand all
ËXtënsion and Modifications ~record. The Note and Mortgage and
any other related documents are hereafter cumulatively referred to
as the "Loan Documents."
B. The parties have agreed to extend the Note and it is
necessary to provide for a similar extension of Mortgage. The
f parties agree as follows:
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1. The maturity date of the Note will remain August 8, 2007
at which time all outstanding sums due to the Lender under
the Note shall be paid in full.
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2. The parties acknowledge and agree that the loan amount
will be increased to $328,936.09.
3. The parties acknowledge and agree that a first REM on real
property located at Lot 18 Shadow Dancer Estates, Lincoln
County, Wyoming will be added as collateral on this
obligation.
4. The parties acknowledge and agree that a first REM on real
property located at Lots 66 and 68, River View Meadows
Second Addition to the Town of Alpine, Lincoln County,
Wyoming will remain as collateral on this obligation.
5. The parties acknowledge and agree to release Lot 69, River
View Meadows Second Addition to the Town of Alpine,
Lincoln County, Wyoming as collateral on this obligation.
6. The parties acknowledge and agree that, as of November 8,
2006, the unpaid principal balance due under the Note was
$180,100.00 and the accrued and unpaid interest on that
date was $0.00, The next interest payment will be due
December 8, 2006.
7. Borrower agrees to pay a recording fee of $25.00, a loan
fee of $725.00 and an appraisal fee of $350.00 for a total
of $1,100.00 due at the time of this modification.
8. 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.
.....,.:.
9. Except as expressly modified herein, all ter.ms and
condi tions 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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RECEIVED 11/15/2006 at 10:48 AM
RECEIVING # 924418
BOOK: 640 PAGE: 279
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';¡:¡:::¡:::¡~":¡:¡~ JEANNE WAGNER
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10. 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
See "Exhibit A" attached hereto and made a part hereof.
SCHEDULE B
None
BORROWER
Barry Griest and Linda Griest
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Barr riest
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Linda Griest .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Acknowledgment
State of Wyoming
County of Teton
This instrwnent was acknowledged before me this 9th day of November
200~ by Barry Griest and Linda Griest.
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Witne55 my h;¡¿~~
My commission expires: 9/8/10
SHEILA WE/12 NOTARY PUBLIC
COUNTY OF . STATE OF
TETON WYOMING
..... COMMISSION EXl'lIIES IEPÆM8ERI, 2010
LENDER
Bank of Jackson Bo1e
President
Corporate Acknowledgment
State of Wyoming
)ss
County of Teton
On the 9th day of November, 2006 ,~, the foregoing instrwnent 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 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.
Witness my h
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SHEILA WEITZ
COUNTy OF .NOTARY PUBLIC
TETON STATE OF
.......... WYOMING
..., -M!SSION .
~ SEPTEMBERs, 2010
My commission expires: 9/8/10
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EXHIBIT 'A'
Lot ó6, River View Mcadowli Second Addition to the Town of
Alpine, Lincoln County, Wyoming, within the SEY~ of Section
30, T37N, R118W, according to that plat filed February 11,
]994, Plat No. 264-D, Instrument No. 7785ó8. ..
Lot 68, River View Meadows Second Addition to the Town of
Alpine, Lincoln County, Wyoming. within tbe SEY~ of S~ction
30¡ T37N, R118W, according to that plat filed February 11,
1994, Plat No. 264·0, Instrument No. 778568.
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