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RECEIVED 10/27/2008 at 12:05 PM
RECEIVING # 943162
BOOK: 107 PAGE: 109
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
OOô709
LOAN MODIFICATION AGREEMENT
This agreement is made and entered into between First International Bank & Trust, the "Bank", and
Signature Investments, LLC, A North Dakota Limited Liability Company, the "Borrower(s)".
The Bank is the holder of a note # 160234 mortgage and assignment ofleases and rents, incorporated
in this agreement by reference, executed on October 13,2006, as evidence of and security for a loan
made to the Borrower by the First International Bank & Trust on October 13,2006.
The Borrower is now indebted to the Bank in the sum of$548,380.60. $548,380.60 consisting of
principal and $0.00 consisting of interest and as of this date and no unpaid installments of ground
rents, hazard insurance premiums, taxes, assessments, and mortgage insurance premiums, the
payment of which is secured by aN ote, Mortgage, and Assignment of Leases and Rents owned and
held by the Bank dated October 13, 2006 and recorded in the office of Lincoln County Clerk,
Kemmerer, Wyoming on November 7, 2006 as Receiving #924161, Book 639 and Page 519 and An
Assignment of Leases and Rents with a Receiving #924162, Book 639 and Page 527. The Mortgage
and Assignment of Leases and Rents covers the following described real property:
Lot 94 in Alpine Village Subdivision No.1, Plat 2 Amended 11 th Filing, Lincoln County, Wyoming
as Described on the Official Plat Thereof
A Condominium Development which is known as Lake View Villas Condominiums sits on Top of
Lot 94.
Formally known as at the time of our recording
Lot 82 in Alpine Village Subdivision No.1 Plat 2 Amended 6th Filing, Lincoln County, Wyoming as
Described on the Official Plat Thereof.
The parties mutually desire and agree to modify the following terms and conditions and will become
effective on the date this document is executed by all partners:
The maturity date will be extended from October 11,2007 to April 11, 2009. Interest
will be due monthly beginning November 11 th, 2008 and calculated at the Wall Street J oumal
(WSJ) Prime rate plus 1.00%, variable, adjusting daily, with a floor interest rate of 6.50%.
All other terms and conditions will remain the same.
The Mortgage shall continue as a first lien upon the premises and neither the obligation evidencing
this indebtedness nor the mortgage securing the same shall in any way be prejudiced by this
Agreement, but the obligation and Mortgage and Assignment of Lease and Rents and all covenants
and agreements thereof and the rights of the parties thereunder shall remain in full force and effect
except as herein expressly modified.
THIS AGREEMENT, Executed by the Borrower this $ day of October, 2008.
~~ OOû7~O
~~
James R. Bullis ~
STATE OF NORTH DAKOTA )
) ss.
COUNTY OF CASS )
On this ~3 day of October, 2008, before me personally appeared James R. Bullis known to me to
be the person(s) who are described in and who executed the within instrument and acknowledged to
me that they execute0dyhthe same ft' 7 _ Á
t{1~ KYLE PENDER
Notary Public
Notary Public I / State of North Dakota
}o .,1 1'\, I J My Commission Expires Oct. 27, 2014
My Commission Expires: ~;-'O-,
Executed by the First International Bank & Trust this ~ffA day of October, 2008.
FIRST INTERNATIONAL BANK & TRUST
BY:~ ~~--<
orze, icé Presl en
STATE OF NORTH DAKOTA )
) ss.
COUNTY OF CASS )
On the ~ day of October, 2008, by Greg Gorze, known by me to be the vice president of the
First International Bank & Trust, personally appeared before me and acknowledged that the First
International Bank & Trus . xecuted such agreement.
.~
Notary Public qß 0
My Commission Expires: ~ '¡fi
KIM BERNIER
Notary Public
State of North Dakota
My Commission Expireg Mar. 25. 'JIm
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