HomeMy WebLinkAbout925087
000362
RECORDATION REQUESTED BY:
First Bank of Idaho, fsb, dba First Bank of the Tetons
Jackson Office
170 E, Broadway
P ,0. Box 12860
Jackson,VVY 83002
WHEN RECORDED MAIL TO:
First Bank of Idaho, fsb, dba First Bank of the Tetons
Jackson Office
170 E. Broadway
P.O. Box 12860
Jackson,VVY 83002
SEND TAX NOTICES TO:
First Bank of Idaho, fsb, dba First Bank of the Tetons
Jackson Office
170 E. Broadway
P,O, Box 12860
Jackson.VVY 83002
RECEIVED 1216/2006 at 3:00 PM
RECEIVING # 925087
BOOK: 642 PAGE: 362
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
MODIFICATION OF MORTGAGE
THIS MODIFICATION OF MORTGAGE dated November 22, 2006, Is made and executed between Lee A.
Culbertson and Alycyn C. Culbertson, husband and wife (referred to below as "Grantor") and First Bank of Idaho,
fsb, dba First Bank of the Tetons, whose address is 170 E. Broadway, P.O. Box 12860, Jackson, WY 83002
(referred to below as "Lender").
MORTGAGE, Lender and Grantor have entered into a Mortgage dated October 17, 2003 (the "Mortgage") which has been recorded in Lincoln
County, State of Wyoming, as follows:
Recorded November 6, 2003 In the Uncoln County Clerks Office as Instrument No, 895101,
REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in Lincoln County, State of Wyoming:
Lot Number 28, River View Ranchettes Subdivision being part of Section 25, T34N, R119W of the 6th P,M" Lincoln County, State of
Wyoming
The Real Property or its address is commonly known as 20 Lewis Spur, Thayne, WY 83127. The Real Property tax Identification number is
34192530302900,
MODIFICATION, Lender and Grantor hereby modify the Mortgage as follows:
Extend maturity data from October 27, 2006 to November 22, 2009. Change Interest rate from WSJ Prime plus a margin of 2.00% to
WSJ Prime adjusting annually plus a margin of 0.50%, All other terms and conditions remain the same,
CONTINUING VALIDITY, Except as expressly modified above, the terms of the original Mortgage shall remain unchanged and in full force and
effect and are legally valid, binding, and enforceable in accordance with their respective terms, Consent by Lender to this Modification does not
waive Lender's right to require strict performance of the Mortgage as changed above nor obligate Lender to make any future modifications,
Nothing in this Modification shall constitute a satisfaction of the promissory note or other credit agreement secured by the Mortgage (the
"Note"), It is the Intention of Lender to retain as liable all parties to the Mortgage and all parties, makers and endorsers to the Note, including
accommodation parties, unless a party is expressly released by Lender in writing, Any maker or endorser. including accommodation makers.
shall not be released by virtue of this Modification. If any person who signed the original Mortgage does not sign this Modification, then all
persons signing below acknowledge that this Modification is given conditionally, based on the representation to Lender that the non-signing
person consents to the changes and provisions of this Modification or otherwise will not be released by it. This waiver applies not only to any
initial extension or modification, but also to all such subsequent actions,
GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MODIFICATION OF MORTGAGE AND GRANTOR AGREES TO ITS
TERMS, THIS MODIFICATION OF MORTGAGE IS DATED NOVEMBER 22, 2006.
GRANTOR, _<it:i1:::/b,. _
L,¡7~
Lee A~iJon
LENDER:
INDIVIDUAL ACKNOWLEDGMENT
STATE OF to\r1l-ú.06
COUNTY OF ÜCU ~~ \ CP
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EVA PAGE
NOTARY PUBLIC
STATE OF COLORADO
My Commission Exp¡rê~ 07/'JJJI'J'(1ot .
On this day before me, the undersigned Notary Public.. personally appeared Lee A. Culbertson, to me known to be the individual described in and
who executed the Modification of Mortgage, and acknowledged that he or she signed the Modification as his or her free and voluntary act and
deed, for the uses and purposes therein mentione
Given der my h d and official seal 9-S
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MODIFICATION OF MORTGAGE
(Continued)
000363
Page 2
Loan No: 494010184
INDIVIDUAL ACKNOWl
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STATE OF ~ O\OU~ OÒ
COUNTY OF [)OJ (~ \C(2)
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NOTARY PUBLIC
STATE OF COLORADO
My Commission Expires 07/29/2009
On this day before me, the undersigned Notary Public, personally appeared Alycyn C. Culbertson, to me known to be the individual described In
and who executed the Modification of Mortgage, and acknowledged that he or she signed the Modification as his or her free and voluntary act
a~d deed, for the uses and purposes the~ein mentioned, 'l \ 0, I 0 \ J \tì() 0 .
Given un my hand and 0 c I seal thiS 8- day of ~ - ,,~~ ~!:.. f\
By "''''og at1J()\ \ va et~~,~~
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STATE OF WV\ \)\M \,..,) c.-...,
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lENDER ACKNOWLEDGMENT
PATRICIA STAN CARONE NOTARY PUBLIC
COUNTY OF . STATE OF
TETON WYOMING
My Commission Expires March 3, 2010
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day of \) tl- E:-f..A. I~ &- \L , 20 D l ,before me. the undersigned Notary Public. personally
and known to me to be the
. authorized agent for the Lender that executed the within and foregoing instrument and
acknowledged said instrument to be the free and voluntary act and deed of the said Lender, duly authorized by the Lender through its board of
direct or otherwise, for the uses and purposes therein mentioned, and on oath stated that he or she is authorized to execute this said
in rumen nd~~~,ªUh8-6eaFefflxed is the corporate seal of said Lender.
On this
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LASER PRO Lending, VIK. 6.33.00.004 Copr. HIIriand FInancIII SOlution.. Inc. 1"1,2006. .... Rlghfl Reørved. _ WY N:\CONVERT\CFI\LP\.\G201.FC TR-2151 PR-LANDCONa