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RECEIVED 10/22/2009 at 4:10 PM
RECEIVING # 950141
BOOK: 734 PAGE: 424
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 sum of $550,451.29. $546,501.69 consisting of
principal and $3,749.60 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 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 I Ith 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 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 and will become
effective on the date this document is executed by all partners:
The maturity date will be extended from October 11, 2009 to July 11, 2010. The
interest rate will change from New York Prime + I% variable changing daily with a
floor of 6.50% to New York Prime + 2.00% variable changing daily with a floor of
6.70%. Monthly interest payments will continue to be due on the 111' of each month
starting with the November 2009 payment. All other terms and conditions will
VV425
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 thisz),_ day of October, 2009.
SIGNATURE VEST , LLC
James R. Bullis Secretary
STATE OF NORTH DAKOTA
) ss.
COUNTY OF CASS
On thisc~_ _ day of October, 2009, 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 executed the same.
Ndtarv Pu
Notary Public
State of North Dakota
Commission Expires July 28, 2010
My Commission Expires:
Executed by the First International Bank & Trust this ~t day of October, 2009.
FIRST INTERNATIONAL BANK & TRUST
By:
Dennis L. Schock, President
STATE OF NORTH DAKOTA
) ss.
COUNTY OF CASS
On the z day of October, 2009, by Dennis L. Schock, known by me to be the president of the
First International Bank & Trust, personally appeared before me and acknowledged that the First
International Bank & Trust executed such agreement.
KIM HENDRICKSON
Notary ublic Notary Public
State of North Dukota
My Commission Expires: My Commission Expires July 28, 2010