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RECEIVED 6/4/2009 at 11:25 AM
RECEIVING # 947564
BOOK: 724 PAGE: 464
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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 of leases 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 principal sum of $546,501.69 and as of this date
there are no unpaid installments of ground rents, hazard insurance premiums, taxes, assessments,
and mortgage insurance premiums, the payment of which is secured by a Note, 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 Il' 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 at the time of our recording as:
Lot 82 in Alpine Village Subdivision No. 1 Plat 2 Amended 6`h Filing, Lincoln County, Wyoming
as Described on the Official Plat Thereof.
The parties mutually desire and agree to modify the following terms and conditions, which are
retroactively effective as of April 11, 2009:
9 0`465
In consideration of interest being paid current, the maturity date will be extended
from April 11, 2009 to October 11, 2009. Interest will be due monthly beginning July
11, 2009 and calculated at the Wall Street Journal (WSJ) Prime rate plus 1.00%, variable,
adjusting daily, with a floor interest rate of 6.50 In addition, on July 1, 2009, Borrower
will remit to the Bank a principal reduction payment of $75,000.00. 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 AA~
T
SIGNATURE INVESTMENTS, LL
By:
James R Bullis, Secretary
STATE OF )
ss.
COUNTY OF )
On this ~,9 day of aX~ , before me personally appeared James R Bullis,
known to me to be the perso s) who are described in and who executed the within instrument and
acknowledged to me that they executed the same.
Notary Public
Notary Public My Commission Expires:
ECOmmission RIA L SCHWA:0]2
of North DakotExpi- . Mar.
lO 4GG
Executed by First International Bank & Trust this Z'~ day of zyL ,e?.
FIRST INTERNATIONAL BANK & TRUST
By:
g Gor e, Vice Prest ent
STATE OF NORTH DAKOTA )
) ss.
COUNTY OF CASS )
On the ~k- (day of Greg Gorze, known by me to be the Vice
President of the First Intentional Bank & Trust, personally appeared before me and
acknowledged that the First International Bank & Trust executed such agreement.
VICTORIA L SCHWARZ
Notary Public Notary Public
My Commission Expi State of Igorkh Dakota
My Commission I x~, liar. 23, 2012