HomeMy WebLinkAbout952653RECORDATION REQUESTED BY:
Federal Deposit Insurance Corporation as Receiver for First
Bank of Idaho, FSB
Ketchum Office
111 Main Street
P. O. Box 9000
Ketchum, ID 83340
WHEN RECORDED MAIL TO:
Federal Deposit Insurance Corporation as Receiver for First
Bank of Idaho, FSB
Ketchum Office
111 Main Street
P. O. Box 9000
Ketchum, ID 83340
SEND TAX NOTICES TO:
Federal Deposit Insurance Corporation as Receiver for First
Bank of Idaho, FSB
Ketchum Office
111 Main Street
P. O. Box 9000
Ketchum, ID 83340
MODIFICATION OF MORTGAGE
THIS MODIFICATION OF MORTGAGE dated February 4, 2010, is made and executed between ALPINE
DEVELOPMENT GROUP, LLC, A WYOMING LIMITED LIABILITY COMPANY (referred to below as "Grantor and
Federal Deposit Insurance Corporation as Receiver for First Bank of Idaho, FSB, whose address is 111 Main
Street; P. O. Box 9000, Ketchum, ID 83340 (referred to below as "Lender
MORTGAGE. Lender and Grantor have entered into a Mortgage dated October 17, 2007 (the "Mortgage which has been recorded in LINCOLN
County, State of Wyoming, as follows:
Recorded October 22, 2007 in the office of the Lincoln County Clerk as Instrument number 934235 in Book 676 on Page 250.
REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in LINCOLN County, State of Wyoming:
PARCEL A
LOT 24, LOT 28, OF SNAKE RIVER JUNCTION SECOND FILING RECORDED AUGUST 29, 2007 AS DOCUMENT NUMBER 932576 IN THE
OFFICE OF THE CLERK, LINCOLN COUNTY, WYOMING
PAR -EL 3
LOT 7, LOT 9, COMMON AREA B AND COMMON AREA C OF SNAKE RIVER JUNCTION TOWNHOMES FIRST FILING, RECORDED MAY 28,
2008 AT DOCUMENT NUMBER 939352 IN THE OFFICE OF THE CLERK, LINCOLN COUNTY, WYOMING
The Real Property or its address is commonly known as LOT 24, LOT 28,OF SNAKE RIVER JUNCTION AND LOT 7, LOT 9, COMMON AREA B AND
COMMON AREA C OF SNAKE RIVER JUNCTION TOWNHOMES, ALPINE, WY 83127. The Real Property tax identification number is 12- 3718 -20 -4-
00 -204.
MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows:
Increase loan amount from $447,941.82 to $480,196.68. Extend maturity date from April 19, 2009 to October 19, 2011. All other terms and
conditions to 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 FEBRUARY 4, 2010.
GRANTOR:
ALPINE DEVELOPMENT GROUP, LLC
COVELOP INC Member of Al
By:
Damien T.
LENDER:
F ERAL D
X
Autho
Officer
Nresi ent of Covelop, Inc
eiopment Group, LLC
Bra ey rnon, Secretary of Covelop, Inc
CORP. AS RECEIVER FOR FIRST BANK OF IDAHO, FSB
RECEIVED 3/24/2010 at 3:20 PM
RECEIVING 952653
BOOK: 744 PAGE: 346
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
000346
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
State of
efri-
LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
County of `/I M g &(9
This instrument was acknowledged before me on (date) by Damien T.P. Mavis, President of Covelop, Inc, Member of
Alpine Development Group, LLC.
Clarence R. McMillin
ComrNision >r 1$616
Nobly lrtrbliC CaNiomia f
*In Luis County
My Comm. Q AuQ 9, 201
State of „0\0
County of Y ta vC/
LOUIS AARON MCKENNEY
Commission 1849025
Notary Public California
Santa Barbara County
My Comm. Expires May 14, 2013
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This instrument was acknowledged before me on IV'(/"" a,t' i i-.40 1
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T
rial Signature)
My commission expires:
LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
State of Co' Ai I. CC ra %It. h
County of SQA Act, Q
This instrument was acknowledged before me on C1. G (date) by Bradley G. Vernon, Secretary of Covelop, Inc, Member of
Alpine Development Group, LLC.
(Notarial Signature)
My commission expires:
LENDER ACKNOWLEDGMENT
(date) by
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My commission expires: Qt-fl 66/ I2
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