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HomeMy WebLinkAbout939399 "It~, @dlìtle _C9mpany SINCE 1904 RECEIVED 5/30/2008 at 10:47 AM RECEIVING # 939399 BOOK: 695 PAGE: 846 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 000846 State of Oklahoma Space Above This Line For Recording Data I .., w '~ - ""', ,. ;J~f',;-;;¡ After Recording return to: Summit Bank 5314 S. Yalu, Suitu 100 Tulsa, OK 74135 MODIFICATION OF ASSIGNMENT OF LEASES AND RENTS 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 limitud liability Company 1343 E 33RD ST TULSA, OK 74105 LENDER: Summit Bank Organizud and existing undur thu laws of the statu of Oklahoma 5314 S. Yalu, Suitu 100 Tulsa, OK 74135 BACKGROUND. Mortgagor and Lender entered into a Security Instrument dated 10-31.2007 and recorded on 11·05·2007 . The Security Instrument was recorded in the records of lincoln County, WYOM I NG at Book 677 Panu 887 . The property is located in LINCOLN County at 65 GREYS RIVER ROAD. ALPINE. WY 83001 "1 Described as: SEE ATTACHED EXHIBIT "A" f¡ ...;'" REAL ESTATE MODIFICATION-OKLAHOMA INOT FOR FNMA. FHLMC. FHA OR VA USEI ~ ©2001 Bankers Systems,lnc., SI, Cloud. MN Form MMOD·OK 511412002 (page 1 of 2) OOtJgØ~:)í ~ ;, "" y. M'~óiF;:dA, tlO, J),~r.t)II'e: received, Mortgagor .and Le.n.der. agree t? modify the or!ginal Security Instrument. .,.Mortgagm·'~d Lender agree that this ModificatIOn continues the effectiveness of the originð! Stk:uÌ'itYjnstrum.ent. The Security Instrument was given to secure the original debts and obligations (whether identified as Secured Debts, Sums Secured, or otherwise) that now have been modified. Together with this Modification, the Security Instrument now secures the following debts and all extensions, renewals, refinancings, modifications and replacements. (Include items such as borrower's name, note or contract amounts, interest rates (whether variable), maturity dates, etc.) A Promissory Note dated May 7, 2008 for the principal amount of $3,200,000.00 in the name of Irish Properties, LLC, a Wyoming Limited Liability Company, maturing October 31, 2013 , i~ ~, .t IX] MAXIMUM OBLIGATION LIMIT. The total principal amount secured by the Security Instrument at anyone time will not exceed $ 3.200.000.00 IX] which is a $ 1.200.000.00 IX] 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 contained in this Modification. Mortgagor also acknowledges receipt of a copy of the Modification. IRISH PROPERTIES, llC ,... O....4f (Date) (Signature) (Signa (Date) (Signature) (Date) (Signature) (Date) (Signature) (Date) (Signature) (Date) ACKNOWLEDGMÈNT: - ST A TE OF Ot]aÝìOìYla... , COUNTY OF { l.}..( 5ú... (Individual) This instrument was ackno\N1edged before r:ne this tiQ"lJ\- day of m~ lj by hð'VY¡e-ö 13 i 0 I dt.OV- , m CLYJaj' '1j fYI.ifrl W My commission expires: Commission number: (Seall } ss. ..~ ~:~::t:.~~". ~~ ~æ"~!II Notary Public Oklahoma ~ OFFICIAL SEAL ' . NEDRA S. KING " ~. .' Syst·"1'u~. ê'o6Y1\'9' MN F ., J 02010782 Exp. 6-24-10 ',~~~. ~P:!; 16-~ MMOD,OK 6/14/2002 (page 2 of 2) EXHIBIT "A" 000848 Legal Description: That part of Tract 3A of said Palis Park Subdivision, described as follows: Beginning at an intersection 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 69022'00" 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 20°38'00" 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 06052'54" and a chord bearing North 78042'55" West, 85.71 feet, to a point; thence North 76052'49" 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 12028'24" and a chord bearing North 27032'09" East, 229.46 feet, to the Intersection of Beginning