HomeMy WebLinkAbout876395RECORDATION REQUESTED BY:
First Bank of Idaho
111 Main Street
P.O. Box 3239
Ketchum, ID 03$9,
WHEN RECORDED: MAIL T
First Bank of Idaho
111 Main Street
P.O. Box 3239
Ketchum, ID 83340
SEND TAX NOTICES TO:
First Bank of Idaho
111 Main Street
P.O. Box 3239
Ketchum, ID 83340
MODIFICATION OF. MORTGAGE
THIS MODIFICATION OF MORTGAGE dated September 27, 2001, is made and executed between Morris Craig
Magill, a 'married man as his sole and separate property (referred to below as "Grantor and First Bank of
Idaho, whose address is 111 Main Street, P.O. Box 3239, Ketchum, ID 83340 (referred to below as "Lender
MORTGAGE. Lender and Grantor have entered into a Mortgage dated July 27, 2000 (the "Mortgage which has been recorded in Lincoln County,
State of Wyoming, as follows:
Mortgage recorded on August 1, 2000 as Instrument No. 867295 In Book 449 Pages 498 as to property in Lincoln County Wyoming.
REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in Lincoln County, State of Wyoming:
A portion of the NW1 /4SE1/4 of Section 4, T36N, R119W, of the 6th P.M., Lincoln County, Wyoming, being more particularly described as follows:
BEGINNING at the B.L.M. type Monument found marking the U.S. Forest Service PE/LS 698, 1993 location for the SE1/16 Corner of said Section
4; thence N89 degrees 11'02 "W (record N89 degrees 54'07 "W), along the South line of said NW1 /4SE1 /4, 1318.85 feet (record 1318.61') to the
B.L.M. type Monument found marking the U.S. Forest Service PE/LS 698, 1993 location for the CS1 /16 Corner of said Section 4; thence N46
degrees 06'08 "E 543.86 feet to the B.L.M. type Monument found marking the U.S. Forest Service PE/LS 698, 1993 location for a bend in the U.S.
Forest Service Boundary Line; thence S66 degrees 52' 14"E, along said Boundary Line, 1007.83 feet (record S67 degrees 35'34 "E 1007.82'), to the
Point of Beginning.
The Real Property or its address is commonly known as 120 Lonesome Dove Trail, Alpine, WY 83128. The Real Property tax identification number is
36190430000500.
MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows:
1.) Extend the maturity date of the mortgage and note securing the same from August 27, 2001 to December 1, ?001; 2.) Modify the
Interest rate from a floating rate to a fixed interest rate of 8.25 Said rate to commence on August 27, 2001. 3.) Pay loan extension fee
of $440.00 plus processing and credit report fees of $225.00. 4.) Pay interest current to September 27, 2001. ALL OTHER TERMS AND
CONDITIONS TO 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 SEPTEMBER 27, 2001.
GRANTOR:
Morris Craig Magill, Individually
LEt dE
x�
r z Signer
STATE OF
COUNTY OF
876395
INDIVIDUAL ACKNOWLEDGMENT
SS
X=.. day of
Jill Magill, In ividually
Pittfide Ann McDonald Notary Prthl
County of State of
Teton -���3 W?h:rrllr?8
Mv Cf.:411 171iS:
RECEIVED
LIlNCQl..l COUNTY CLERK
01 (1T
�i�
,20 �t
By yam• �G i 2 Residing at '2... c9
Notary Public in and for the State of My commission expires 2-72-0/4n6,0
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SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
On this day before me, the undersigned Notary Public, personally appeared Morris Craig Magill and Jill Magill, to me known to be the individuals
described in and who executed the Modification of Mortgage, and acknowledged that they signed the Modification as their free and voluntary act and
deed, for the uses and purposes therein mentioned.
GIvvn "under nv hand and offic al ealthl
-,7 /I
Loan No: 190014019
STATE OF
COUNTY OF
On this
Notary ublic f nd for the State of
MODIFICATIL11 MORTGAGE
(Continued) Page 2
LENDER ACKNOWLEDGMENT
SS
8e"—, 20 d before
LASER PRO Landing, Ver. 5.17.00.03 Copr, Harland Financial Solutions, Inc, 1997, 2001. All Rights Reserved. WY RICFIINIMCFIUPL10201FO TR •1392 PR- CONSTLN
JODI K. ALLEN NOTARY PUBLIC
�.s
County of
Teton
My Commission Expires
State of
Wyoming
nI19,2003
day of
appeared 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 author ed by the L- der through its board of directors or otherwise, for the uses and purposes therein mentioned,
and on oath stated that or she is aut e• to this said instrument and that the seal affixed is the corporate seal of said Lender.
By Residing at 7 C
My commission expires 9/ Jz
me, the undersigned Notary Public, personally
O8M (.39 3
151