HomeMy WebLinkAbout932779
6010715857
When Recorded mail to:
GMAC Bank
100 Witmer Road, 190-FTW-B05
Horsham, PA 19044
Attn: Sandra A. Pacini
000129
[SPACE ABOVE THIS LINE FOR RECORDING DATA]-
LOAN MODIFICATION AGREEMENT
This Loan Modification Agreement (the "Agreement"), made this 29th day of August, 2007 by and between
Darrell Hunting and Julie Hunting ("Borrower") and GMAC BANK, SUCCESSOR BY ASSIGNMENT
("Lender"), amends and supplements (1) the Mortgage, Deed of Trust or Deed to Secure Debt (the "Security
Instrument"), dated March 30, 2007 and recorded on Apr; 1 ::>. ::>007 in Instrument No.:
,Book 653 1?lf , Page x~ 192 in the County of Lincoln,
State of Wyoming, securing the sum of $208,800.00, and (2) the Note bearing the same date as, and
secured by, the Security Instrument, which covers the real and personal property described in the Security
Instrument and defined therein as the "Property", located at
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See Legal Description attached hereto and made a part hereof
20 Taylor Lane, Co keville, Wy, 83114
In consideration of the mutual promises and agreements exchanged, the parties hereto agree as follows
(notwithstanding anything to the contrary contained in the Note or the Security Instrument):
1. The terms and provisions of the Construction Loan Note and Construction Rider to Note and Security
Instrument are amended and modified by deleting the Principal Amount of $208,800.00 on the
Construction Loan Note, page 1, number 1, and substituting the New Principal Amount of $195,000,00
and deleting the Project Completion Date (Maturity Date) of March 30, 2008 on the Construction Rider to
Note and Security Instrument on page 1, number 1, and substituting the New Project Completion Date
(Maturity Date) of September 1, 2037. All other terms and provisions of the Note are amended, modified
and deleted by replacing them with the terms and provisions of the New Note incorporated herein by
reference entitled Note.
2. The terms and provisions of the Mortgage Deed (Security Instrument) and Constr.uction Rider to Note
and Security Instrument are amended and modified by deleting the Principal Amount of $208,800,00 on
the Construction Loan Note, page 1, number 1, and substituting the New Principal Amount of
$195,000.00 and deleting the Project Completion Date (Maturity Date) of March 30, 2008 on the
Construction Rider to Note and Security Instrument on page 1, number 1, and substituting the New
Project Completion Date (Maturity Date) of September 1, 2037, All other terms and provisions of the
Construction Rider to Note and Security Instrument are deleted,
3. Nothing in this Agreement shall be understood or construed to be a satisfaction or release in whole or in
part of the Note and Security Instrument. Except as otherwise specifically provided in this Agreement,
the Note and Security Instrument will remain unchanged, and the Borrower and Lender will be bound by,
and comply with, all of the terms and provisions thereof, as amended by this Agreement.
4. This Agreement does not constitute a notation of the obligations evidenced by the Construction Loan
Agreement (the "Loan Agreement") bearing the same date as, and secured by, the Security Instrument.
Borrower and Lender continue to be bound by, and will comply with, all of the terms and provisions of
the Loan Agreement, as amended hereby, to the extent not inconsistent with this Agreement.
5. All of Lender's rights against all parties, including but not limited to all parties secondarily liable, are
hereby reserved.
6. This Agreement shall be binding upon and shall inure to the benefit of the heirs, executors,
administrators, successors and assigns of the respective parties hereto.
RECEIVED 9/4/2007 at 3:37 PM
RECEIVING # 932779
BOOK: 671 PAGE: 129
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
LOAN MODIFICATION AGREEMENT
Rev. 02/12/03
1
0001.30
File Number: 6010715857
EXHIBIT "A"
LEGAL DESCRIPTION
Lot 1 of TayJor Second Addition Subdivision, Lincoln County, Wyonúng as descl'ibed on the
offtdaJ plat filed on September 6,1978 as instrument No. 513535 ofthe records of the Lincoln
CoUnty Clerk
~- SlreamLine Legal Des<>riplion. &hibit "A" C) Rev. 3/22/Z006
0001.31.
IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto the day and year
first above written.
BORROWERIS):
lENDER;
GMAC BANK
a Utah corporation
BY:~~
Name: Darrell Hunting
'~ .
By', nil
~l!ri' "nllng 1 '
By:
Name: Carne Powers
Title: limited Signing Officer
"__...n._.__n___.._ FOR ACKNOWlEDGEMENTS..--....-......_....
STATE OF #t'It1~
COUNTY OF j, J
"'l1tt) fit
This Instrument was acknowledged before me on ?9 d~ of August 2007 J by Darrell
Hunting and Julie HUnting.
STATE OF
COUNTY OF
LORI KALAN - NOTARY PUBLIC
COUNTY OF STATE OF
LINCOLN WYOMING
My CommissIOn Expires Feb, 26, 2011
~ft'''.Q##
NO~~
My Co mission Expires: t?Ø6M //
This instrument was acknowledge before me on
, 2007 by
. an
NOTARY PUBLIC
My Commission Expires:
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF MONTGOMERY
5S. Horsham
On this, the 29th day of August, 2007 before me, the undersigned, a notary public In and for the said
State, personally appeared Carne Powers, personally known to me or proved to me on the basIs of
satisfactory eVidence to be the Individual whose name is subscribed to the within instrument and
acknowledged to me that she executed the same In her capacity, and that by her signature on the
Instrument, the Individual, or the person upon behalf of which the Individual acted, executed the
Instrument.
NOTARY PUBLIC
(This area for Official Notarial Seal)
LOAN MODIFICATION AGREEMENT
Rev. 02/12/03
My CommiSSion Expires;
2
000132
IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto the day and year first
above written.
BORROWER(S):
LENDER:
GMAC BANK
a Utah corporation
By:
Name: Darrell Hunting
BY:C ~~
Name: Carrie owers
Title: Limited Signing 'Officer
By:
Name: Julie Hunting
FOR ACKNOWLEDGEMENTS-------
STATE OF
COUNTY OF
This instrument was acknowledged before me on
, 2007 by
, an
NOTARY PUBLIC
My Commission Expires:
STATE OF
COUNTY OF
This instrument was acknowledge before me on
, 2007 by
, an
NOTARY PUBLIC
My Commission Expires:
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF MONTGOMERY
ss. Horsham
On this, the 29th day of August, 2007 before me, the undersigned, a notary public in and for the said State,
personally appeared Carrie Powers, personally known to me or proved to me on the basis of satisfactory
evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me
that she executed the same in her capacity, and that by her signature on the instrument, the individual, or the
person upon behalf of which the individual acted, executed the instrument.
NOTARY PUBLIC
My Commission Expires:
....-J '.
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ALTH OF ~EMN&VL,
NOTARIAL SEAL
JOANN T, VOlZ, Notary Public
Hooham, Twp., ~onlgÐf)181)' County
<¿mtmlsslOn Exmres September 9, 2007
, -.
LOAN MODIFICATION AGREEMENT
Rev. 02/12/03
2