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HomeMy WebLinkAbout939398 nIC~AA fitnd l1tle -C9mpany SINCE 1904 RECEIVED 5/30/2008 at 10:45 AM RECEIVING # 939398 BOOK: 695 PAGE: 843 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 000843 State of Oklahoma Space Above This Line For Recording Data I -~ifJX3 , .. After Recording return to: Summit Bank 5314 S. Yale, Suita 100 Tulsa, OK 74135 MODIFICATION OF MORTGAGE DATE AND PARTIES. The date of this Real Estate Modification (Modification) is 05·07-2008 . The parties and their addresses are: MORTGAGOR: IRISH PROPERTIES, LLC, A Wyoming Limited Liability Company 1343 E 33RO ST TULSA, OK 74105 1 lENDER: Summit Bank Organized and existing under the laws of the state of Oklahoma 5314 S. Yale, Suite 100 Tulsa, OK 74135 "" A t-1 ..,.l BACKGROUND. and recorded on Lincoln Mortgagor and lender entered into a Security Instrument dated 10-31·2007 11·05·2007 . The Security Instrument was recorded in the records of County, WYOM I NG at Book 677 Page 877 , The property is located in LINCOLN County at 65 GREYS RIVER ROAD. ALPINE, WY 83001 Described as: SEE ATTACHED EXHIBIT "A" REAL ESTATE MOOIFICATION-OKLAHOMA INOT FOR FNMA, FHLMC. FHA OR VA USE' ~ ©2001 Bonkors Systems,lne" St, Cloud, MN Form MMOD,OK 6/14/2002 (page 1 of 2) ; r j'l' J}i!' !i , ~¡'~" :ii ;"', .' {!()0844 " i: 'I,' ,j" ¡,',".r ,\ ;;;'; ',: ' ".~ ..f^ 1, '~)¡ ,~'! t,' MODIFléÀ,tIÖN~ Fbf'.~a~'~;'ê\eived, Mortgagor and Lender agree to modify the original Security Instrumel'}t./"f\!1Ö(l9;2\Q;0r: élPct Lender agree that this Modification continues the effectiveness of the original' Security Instrument. Tl;1e Security Instrument was given to secure the original debts and obligations (whether:'identifiedàs Secured Debts, Sums Secured, or otherwise) that now have been modified. Togethe'r' with this Modification, the Security Instrument now secures the following debts and all extensions, renewals, refinancings, modifications and replacements. (/nclude items such as borrower's name, note or contract amounts, interest rates (whether variable), maturity dates, etc.) A Promissory Notø datød May 7, 2008 for thø principal amount of $3,200,000.00 in thø namø of Irish Propørtiøs, LLC, a Wyoming Limitød Liability Company, maturing Octobør 31, 2013 l! i [X] MAXIMUM OBLIGATION LIMIT. The total principal amount secured by the Security Instrument at anyone time will not exceed $ 3.200.000.00 !XJ which is a $ 1.200.000.00 [X] increase 0 decrease in the total principal amount secured. This limitation of amount does not include interest and other fees and charges validly made pursuant to the Security Instrument. Also, this limitation does not apply to advances made under the terms of the Security Instrument to protect Lender's security and to perform any of the covenants contained in the Security Instrument. WARRANTY OF TITLE. Mortgagor warrants that Mortgagor is or will be lawfully seized of the estate conveyed by the Security Instrument and has the right to grant, bargain, convey, sell, and mortgage the property. Mortgagor also warrants that such same property is unencumbered, except for encumbrances of record. CONTINUATION OF TERMS. Except as specifically amended in this Modification, all terms of the Security Instrument remain in effect. SIGNATURES: By signing below, Mortgagor agrees to the terms and covenants Modification. Mortgagor also acknowledges receipt of a copy of the Modification. IRISH PROPEL: contained in this 'flf (Signature) (Date) (Signature) (Date) (Signature) (Date) (Signature) (Date) (Signature) (Date) ACKNOWLEDGMENT: .- STATE OF Otlah01Y\Q , COUNTY OF (C-1/:5Q. (Individual) This instrument was acknowledged before me this a e;¡f4'- day of m CUj by Thcr:n~ 6~ofcJu'r¡i) rn0J7~.lj rrµur¡kJJ.y I~b~~~~a· <J~~~,~ . , NEDRA S. KING (Notary Publici "" "" Tulsa County 'I"" 02010782 Exp. 6-24-10 -~~~ E.x¡5iii1;1: © 2001 Bankers Systems. Ine,. St. Cloud. MN Form MMOD,OK 5/14/2002 } S5. (page 2 of 2) EXHIBIT "A" 000845 Legal Description: That part of Tract 3A of said Palis Park Subdivision, described as follows: Beginning at an' interséction of the Southerly right-of-way line of Parkway Drive of record on said Plat No.165A, and the Easterly right-of-way line of U.S. Highway 89; thence South 69°22'00" East, 216.74 feet, along the said Southerly right-of-way line, to the Northwest point of that tract of record in Book 388 of Photostatic Records on Page 259; thence South 20038'00" West, 192.80 feet, along the Westerly line of said tract to the Southwest point thereof, on the Northerly right-of-way line of Greys River County Road No. 12-102; thence Westerly 85.76 feet, along the arc of a non-tangent circular curve to the left, whose radius point bears South 14043'32" West, 714.03 feet, through a central angle of 06°52'54" and a chord bearing North 78°42'55" West, 85.71 feet, to a point; thence North 76°52'49" West, 161.13 feet, along said Northerly right-of-way line, to an intersection with said Easterly right-of-way line; thence Northeasterly 229.91 feet, along said right-of-way line being the arc of a non- tangent circular curve to the left whose radius point bears North 56013'39" West, 1056.08 feet, through a central angle of 12°28'24" and a chord bearing North 27°32'09" East, 229.46 feet, to'the Intersection of Beginning