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HomeMy WebLinkAbout940411 RECORDATION REQUESTED BY: 1 st Bank Alpine 79 Highway 89 P.O. Box 3110 Alpine, WY 83128 WHEN RECORDED MAIL TO: 1 st Bank Alpine 79 Highway 89 P.O. Box 3110 Alpine, WY 83128 SEND TAX NOTICES TO: 1 st Bank Alpine 79 Highway 89 P.O. Box 3110 Alpine, WY 83128 RECEIVED 7/9/2008 at 2:23 PM RECEIVING # 940411 BOOK: 699 PAGE: 525 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY \.:0(;525 SPACE ABOVE THIS LINE IJ FOR RECORDER'S USE ONLY I iv10DiFiCA TiON OF MORTGAGE THIS MODIFICATION OF MORTGAGE dated July 3, 2008, is made and executed between GOLDENWOOD HOMES AND DEVELOPMENT INC., A UTAH CORPORATION, whose address is ·143 FIDLER LANE, THAYNE, WY 83127 (referred to below as "Grantor") and 1st Bank, whose address is 79 Highway 89, P.oJ Box 3110, Alpine, WY 83128 (referred to below as "Lender"). .. 1 MORTGAGE. Lender and Grontor have entered into a Mortgage dated July 16, 2007 (the "Mortgage") which I as been recorded in LINCOLN County, State of Wyoming, as follows: MORTGAGE RECORDED JULY 19.2007. IN THE OFFICE OF THE LINCOLN COUNTY CLERK IN BOOK 666 O~ PAGE 265. REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in LINCOLN County, State of Wyoming: LOT 41 OF TRAIL RIDGE SUBDIVISION, LINCOLN COUNTY, WYOMING ACCORDING TO THAT PLAT FILE~ SEPTMEBER 3,2004 IN THE OFFICE OF THE LINCOLN COUNTY CLERK AS PLAT NO. 225-F. The Real Property or its address is commonly known as LOT 41 TRAIL RIDGE SUBDIVISION, ALPINE, WY 8312r· MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows: INCREASE PRINCIPAL OF THE LOAN $100,000.00 FROM $292,500.00 TO $392,500.00. CONTINUING VALIDITY. Except as expressly modified above, the terms of the original Mortgage shall remain nchanged and in full force and effect and are legally valid, binding, and enforceable in accordance with their respective terms. Consent by Lend~r to this Modification does not waive Lender's right to require strict performance of the Mortgage as changed above nor obligate Lender to rake 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 l\iote, 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 doès not ~Sign this Modification, then all persons signing below acknowledge that this Modif.ication is given conditionally, based on the representation 0 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 MODIFIC/.\TION OF MORTGAGE ANü GRArf:OH AGilE!:::> Tv iT3 TERMS. THIS MODIFICATION OF MORTGAGE IS DATED JULY 3, 2008. GRANTOR: GOlDENWOOD HOMES AND DEVELOPMENT INC. R.··~r~ ~ENT PETERSEN, President of GOLDENWOOD HOMES AND DEVELOPMENT INC. LENDER: 1 ST BANK Loan No: 764004616 MODIFICA TIOI'ol VI:" MORTGAGE (Continued) Page 2 (-'00526 CORPORATE ACKNOWLEDGMENT State of Wyoming County of Lincoln This instrument was acknowledged before me on July!:'], 2008 AND DEVELOPMENT INC.. (date) by TRENT PETERSEN. President of GOLDENWOOD HOMES NOTARY PUBLI PENNY JONES. STATE OF COUNTY OF WYOMING LINCOLN . BElt 1B 2011 MY COMMISSION \:XPlR£S S , ~~ I ) I I ! My commission expires: 9/18/11 LENDER ACKNOWLEDGMENT State of llynmi ng County of Lincoln PENNY JONES NOTARY P L COUNTY OF . STATE OF LINCOLN WYOMINQ C MMISSION EXPIRES SEl'lEMBI!R 18 2011 (date) by James Robinson º~I INOU"'[7L1 This instrument was acknowledged before me on July 7 ~ 2008 My commission expires: 9/18/11 I i LASER PRO Lending, Ver. 5.41.00.004 Copr. Harland Financial Solutions, Inc. 1997, 2008. D:\LASERPRO\FNB\CFI\LPL\G201.FC TR-5054 PR-9 All Rights Reserved. - Wy