HomeMy WebLinkAbout942070
RECORDATION REQUESTED BY:
1 st Bank
Afton
314 South Washington St.
P.O. Box 1620
Afton. WY 83110
WHEN RECORDED MAIL TO:
1 st Bank
Afton
314 South Washington St.
P.O. Box 1620
Afton. WY 83110
RECEIVED 9/9/2008 at 9:53 AM
RECEIVING # 942070
BOOK: 704 PAGE: 393
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
SEND TAX NOTICES TO:
1 st Bank
Afton
314 South Washington St.
P.O. Box 1620
Afton. WY 83110
000393
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
MODIFICATION OF MORTGAGE
THIS MODIFICATION OF MORTGAGE dated ~ept:emher R, ?008 is made and executed between STONEFL Y
PROPERTIES LLC (referred to below as "Grantor") and 1st Bank, whose address is 314 South Washington St., P.O.
Box 1620, Afton, WY 83110 (referred to below as "Lender").
MORTGAGE. Lender and Grantor have entered into a Mortgage dated September 8, 2008 (the "Mortgage") which has been recorded in
LINCOLN County, State of Wyoming, as follows:
MORTGAGE RECORDED JANUARY 11.2008. IN THE OFFICE OF LINCOLN COUNTY CLERK IN BOOK 683 ON PAGE 517.
REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in LINCOLN County, State of Wyoming:
Parcel 1 Lot 77 of Star Valley Ranch Plat 6, Lincoln County, Wyoming as described on the official plat filed June 3D, 1971 as instrument
No. 431710 of the records of the Lincoln County Clerk. and Parcel 2 Lot 4 Stonefly Ranch Phase II, Lincoln County, Wyoming as described
on the official plat filed September 7, 2007 as instrument No. 932925 of the records of the Lincoln County Clerk.
The Real Property or its address is commonly known as 14 REDWOOD RD, STAR VALLEY RANCH. WY 83127.
MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows:
WE ARE INCREASING CREDIT LIMIT BY $54.000.00 TO A TOTAL LOAN AMOUNT OF $321,759.00. WE ARE ADDING A 1%
ORIGINATION FEE $540.00 AND A RECORDING FEE $ 11.00. ALL OTHER TERMS WILL 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 8.2008.
GRANTOR:
~~
,..-"....
By' _.-.
~ S LO ER. Member of STONEFL Y
PROPERTIES LLC
Loan No: 61011159
MODIFICA TIO.... vr MORTGAGE
(Continued)
LENDER:
VJ---.
LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
State of IJ) Y {J 47 ( líL!J
County of 1//7 c() !.þt
This instrument was é!cknowledged before me on q /? / Ó ?
LLC and JASON S LOWDER. Member of STONEFL Y P'ROPERTIES LLC.
Page 2
000394
(date) by BRADLEY J LOWDER. Manager of STONEFL Y PROPERTIES
ROXIE JENKINS NOTARY PUBLIC
COUNTY OF ~ STATE OF
LINCOLN ~ WYOMING
( "····OMMISSION EXPIRES APRIL 4. 2010
My commission expires: t¡' ff/::ZtJ / ô