HomeMy WebLinkAbout952291RECORDATION 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
MODIFICATION OF MORTGAGE
THIS MODIFICATION OF MORTGAGE dated „2- /(0 -76 is made and executed between RIVER BEND
MEADOWS, LLC, whose address is 190 NEWPORT CENTER DRIVE #100, NEWPORT BEACH, CA 92660 (referred
to below as "Grantor and 1st Bank, whose address is 79 Highway 89, P.O. Box 3110, Alpine, WY 83128
(referred to below as "Lender
MORTGAGE. Lender and Grantor have entered into a Mortgage dated July 5, 2006 (the "Mortgage which has been recorded in LINCOLN
County, State of Wyoming, as follows:
JULY 27, 2007 BOOK 667, PAGE 140, LINCOLN COUNTY, WYOMING.
REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in LINCOLN County, State of Wyoming:
See LEGAL DESCRIPTION EXHIBIT A, which is attached to this Modification and made a part of this Modification as if fully set forth herein.
The Real Property or its address is commonly known as STEADMAN RANCH THAYNE, WY 83127.
MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows:
DECREASING CREDIT LINE TO $263,000.00 AND LOWERING INTEREST RATE FROM 8.5% TO 5.5 WE ARE ADDING ADDITIONAL
LOTS AS COLLATERAL, SEE ATTACHED EXHIBIT "A" FOR NEW LEGAL DESCRIPTION.
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 /6,_ /1}
GRANTOR:
RIVER B D MEADO S, LLC
By:
DAN G. OLSEN, Manager o RIVER BEND
MEADOWS, LLC
LENDER:
RECEIVED 2/24/2010 at 9:14 AM
RECEIVING 952291
BOOK: 742 PAGE: 870
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
LOCO
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
MODIFICATIuii yr MORTGAGE
Loan No: 761001298 (Continued) Page 2
State of
County
This instrument was acknowledged before me on g ?2- 7// (date) by DAN G. OLSEN, Manager of RIVER BEND MEADOWS, LLC.
--g)-/e4g2zzr7
NOTARY PUBLIC
STATE OF
WYOMING
PENNY }ONES
COUNTY OF
LINCOLN
MY COMMISSION WIRES SEPTEMBER 18, 2011
This instrument was acknowledged before me on
LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
ELLEN C. PUGH
COUNTY OF
LINCOLN
MY COMMISSION
Ci.
NOTARY PUBLIC
STATE OF
WYOMING
FEBRUARY 14, 2011
008'71.
LENDER ACKNOWLEDGMENT
My commission expires: 9_ /O /6
(date) by 7
(Notarial Signature)
My commission expires: 02—/1
LASER PRO Lending, Ver. 5.48.10.001 Copr. Harland Financial Solutions, Inc. 1997, 2010. All Rights Reserved. WY L: \CFI \LPL \G201.FC
TR -2206 PR -9
Land Title Company
Underwriter Stewart Title Guaranty Company
Commitment Schedule A
Exhibit "A"
PARCEL 1: Lots 1, 2, 3, 4, 5, 6, 10, 11, 16, 17, 18, 19, 20, 21, 22, 26, 27, 28, 29, 30, 32, 33 and 35:of
RIVER BEND MEADOWS SUBDIVISION, Lincoln County, Wyoming, as shown on the official
plat thereof filed November 29, 2006, as Receiving No. 924843, in the Office of the Clerk of Lincoln
County,. Wyoming, as Plat No. 217 -A.
PARCEL 2: Lots 42, 43, 44, 45, 46, 47 and 48 'of RIVER BEND MEADOWS PHASE TWO,
Lincoln County, Wyoming, as shown on the official plat thereof filed November 7, 2007, as
Receiving No. 934705, in the Office of the Clerk of Lincoln County, Wyoming, as Plat No. 934705.
PARCEL 3 -A: Lot 3 of DEER RUN SECOND FILING, Lincoln County, Wyoming, as shown on
the official plat thereof filed July 7, 2004, as Receiving No. 900938, in the Office of the Clerk of
Lincoln County, Wyoming, as Plat No. 140 -B.
PARCEL 3 -B: The right of ingress and egress as described in that certain Warranty Deed, dated
February 13, 2006, recorded February 16, 2006, in Book 612 P.R., on Page 445, as Receiving No.
916025, and re- recorded March 27, 2006, in Book 615 P.R., on Page 144, as Receiving No. 916920,
all in the records of the CIerks Office of Lincoln County, Wyoming.
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