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RECORDATION REQUESTED BY:
Cornarstone Bank
Fargo Office
2627 S. University Dr.
Fargo. ND 58103
WHEN RECORDED MAIL TO:
Cornerstone Bank
Fargo Office
2627 S. University Dr
Fargo, ND 58103
RECEIVED 9/21/2007 at 10:40 AM
RECEIVING # 933301
BOOK: 672 PAGE: 886
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
000886
SEND TAX NOTICES TO:
The Executive Hangars. LLC
4650 38th Ave S
Farao. ND 58104
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
MODIFICATION OF MORTGAGE
THIS MODIFICATION OF MORTGAGE dated August 30, 2007, is made and executed between The Executive
Hangars, LLC, a Limited Liability Company, whose address is 4650 38th Ave S, Fargo, .ND 58104 (referred to
below as "Grantor") and Cornerstone Bank, whose address is 2627 S. University Dr., Fargo, ND 58103 (referred
to below as "Lender").
MORTGAGE. Lender and Grantor have entered into a Mortgage dated July 3, 2007 (the "Mortgage") which has been recorded in Lincoln
County, State of Wyoming, as follows:
Recorded July 9,2007. in the office of the Lincoln County Recorder, Book 664. Page 788,
REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in Lincoln County, State of Wyoming:
Hangars 1, 2, 3, 4, 5, 6, 7, 8, 10, 11, 12, 13, 14, 15, 16 and 17 of The Executive Hangars Condominiums Identical with Lot 48 of Alpine
Village Subdivision No. 1 Plat 2 Amended together with an undivided interest in common elements in accordance with the Declaration of
Condominiums Ownership and Declaration of Restrictions, Covenants and Conditions recorded February 23. 2007 in Book 649 on page
524 and by the official plat filed February 23, 2007 as Instrument No. 926999
The Real Property or its address is commonly known as Lincoln, WY.
MODIFICATION. lender and Grantor hereby modify the Mortgage as follows:
The Principal Amount of the note will be increased to $1,000.000.00.
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 AUGUST 30,2007.
GRANTOR:
LENDER:
LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
STATE OF jJ tf~ Da~~
VICTORIA L SCHWARZ
Notary Public
State of North Dakota
My Commission Expires Mar. 23. 2012
On this '] \ St- day of ~(J...'1>t- , 200't ' before me, the undersigned Notary Public. personally
appeared James R. Bullis. President of The Exec ive Hangars, lLC. and known to me to be a member or designated agent of the limited
liability company that executed the Modification of Mortgage and acknowledged the Modification to be the free and voluntary act and deed of
the limited liability company, by authority of statute, its articles of organization or its operating agreement, for the uses and purposes therein
mentioned. and on oath stated that he or she is authorized to execute this Modification and in fact executed the .Modification on behalf of the
limited liability co pany.
COUNTY OF
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By
Residing at FCt.-~ a
My commission expires M {J rcJ.t
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Loan No: 200162
STATE OF ~\ De¡ \,::,,+ l.-¡
COUNTY OF l " ~ S
MODIFICATION OF MORTGAGE
(Continued)
000887
Page 2
LENDER ACKNOWLEDGMENT
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MATT WOINAROWICZ
Notary Public
State of North Dakota
Commission Expires Au . 8, 2013
,20 () 7 ,before me, e undersigned Notary Public, personally
and known to me to be the r< -:s I ,~
O¡'\A.f , 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
directors or otherwise, for the uses and purposes therein mentioned, and on oath stated that he or she is authorized to execute this said
instrument and that the seal affixed is the corporate seal of said lender.
..
,
By
Notary Public in and for the State Of--L1!,,,,
Residin9at h/".> 0 , /VD
./ .
My commission expires A v J ~ I Zt? ( 3
.
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