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HomeMy WebLinkAbout952967Prepared by: Morgan Stall Record and return by mail to: Home Equity Service Center 1 Mortgage Way PO Box 5449 Mount Laurel, NJ 08054 Attn: Lori Butler- Mailstop DC Loan No: 7111340241 RECEIVED 4/19/2010 at 10:02 AM RECEIVING 952967 BOOK: 745 PAGE: 599 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY AMENDMENT TO HOME EQUITY LINE AGREEMENT AND MORTGAGE THIS AMENDMENT, is made by and between, Charles Schwab Bank whose street address is 1 Mortgage Way PO Box 5449, Mount Laurel, NJ 08054 "Lender and Larry D. Lawton, a married person, Ida Beth A. Lawton, a married person, "Borrower who resides at 200 Roberts Street, Thayne, WY 83127. WHEREAS, Lender established a home equity line of credit account (the "Account and executed a Deed to Secure Debt and Assignment of Rents "Mortgage dated May 22, 2009 in the name of Borrower with a maximum line of credit available under the Account in the amount of $50,000.00; and WHEREAS, the Mortgage was recorded on June 16, 2009 in Book 725 Page 510; Instrument No.: 947794 in the official records of Lincoln County, State of Wyoming, which encumbers the property described therein; and 5 -�Cir\C C\ Exi-o pt~ A WHEREAS, Borrower has now requested that Lender to increase the maximum line of credit available under the Account to $100,000.00; and WHEREAS, in order for Lender to increase the maximum line of credit available under the Account to such amount Lender requires that the Annual Percentage Rate under the terms of the "Agreement" be amended; and 2. Except as specifically modified herein, the Agreement is hereby ratified and confirmed in all respects and remain in full force and effect. Page 1 of 3 c.„ WHEREAS, in order to obtain the increased line of credit, Borrower has agreed to accept the amended Annual Percentage Rate; NOW THEREFORE, for and consideration of the above and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 1. The Agreement and the Mortgage are hereby amended to reflect that the maximum line of credit available under the Account and the maximum principal amount secured by the Mortgage is now $100,000.00. IN WIT ESS WHEREOF, Lender and Mortgagor have executed this Amendment as of the day of 11 .L 2010. Loan No: 7111340241 Charles Schwab Bank, by PHH Mortgage Corporation, Authorized Agent By: C Attest: L Kimberly A. 3 _eo, Assistant Vice President Lawto Ida Beth A. Lawton Page 2 of 3 ebb, Assistant Secretary 00 STATE OF NEW JERSEY COUNTY OF BURLINGTON On March 30, 2010, before me, Amy Allen, a Notary Public in and for said state, personally appeared KIMBERLY A. DILEO JASON WEBB, Assistant Vice President Assistant Secretary, respectively, of the Corporation that executed the within instrument, personally known to me to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, that by their signatures on the instrument the corporation upon behalf of which they acted executed the instrument, and that the instrument is the free act and deed of the corporation. WITNESS my hand and official seal. AMY ALLEN Commission 2376890 Notary Public, State of New Jersey My Commission Expires August 13, 2013 STATE OF yeti COUNTY OF L;, oe) i, On 4 ri i 61 2010 before me, ��a nt �a y� 11.sen, a Notary Public in and for said (Name of Notary) county, personally appeared LARRY D. LAWTON IDA BETH A. LAWTON personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his/her /their authorized capacity(ies), and that by his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. LAURA FAY[: County of Lincoln Loan No: 7111340241 NC TARY PUBLIC State of Wyoming 54 My Commission Expires May 10, 2011 Page 3 of 3 Notary's Signature: Name: Amy Allen Notary Public, State of New Jersey Commission No.: 2376890 My Commission Expires: August 13, 2013 Notary's Signature: Name: /./zarrrc e_n s Notary Public, State of ‘0Y6i77ir75 Commission No.: My Commission Expires: /1'tezy /d 1/ CHICAGO TITLE INSURANCE COMPANY AS ISSUING AGENT 1-800.943-1196 LEGAL DESCRIPTION EXHIBIT "A" Title No TRSG- 2010008202 0 0 02 THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF Lincoln, STATE OF Wyoming, AND IS DESCRIBED AS FOLLOWS: LOT 115 IN STAR VALLEY RANCH PLAT 3, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. Parcel ID: 12- 3419 -14 -3-02- 025.00 Commonly known as 200 Roberts, Thayne, WY 83127 However, by showing this address no additional coverage is provided