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HomeMy WebLinkAbout953161RECORDATION REQUESTED BY: First Interstate Bank Jackson Town Square Branch 120 East Broadway P. 0. Box 11095 Jackson, WY 83002 -1095 WHEN RECORDED MAIL TO: First Interstate Bank Jackson Town Square Branch 120 East Broadway P. 0. Box 11095 Jackson, WY 83002 -1095 MODIFICATION OF MORTGAGE THIS MODIFICATION OF MORTGAGE dated April 27, 2010, is made and executed between LOF, LLC, a Wyoming Limited Liability Company, whose address is 1655 W Big Trail Drive #604, Jackson, WY 83001 (referred to below as "Grantor and First Interstate Bank, whose address is 120 East Broadway, P. 0. Box 11095, Jackson, WY 83002 -1095 (referred to below as "Lender MORTGAGE. Lender and Grantor have entered into a Mortgage dated September 30, 2008 (the "Mortgage which has been recorded in Lincoln County, State of Wyoming, as follows: Recorded on October 06, 2008 in the Lincoln County Clerks Office in Book 706, Pagels) 349, as Document No. 942697. REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in Lincoln County, State of Wyoming: Lot 3, Aspen Ridge Estates, Lincoln County, Wyoming, according to that plat filed April 28, 2004 in the Office of the Lincoln County Clerk as Plat No. 237 -B The Real Property or its address is commonly known as Lot #3 of The Aspen Ridge Estates Subdivision, Alpine, WY 83128. MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows: Modification of Mortgage to consolidate First Interstate Bank business loans. 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 APRIL 27, 2010. GRANTOR: LOF, c r MING LIMITED LIABILITY COMPANY By ave Leinonen, Manager of LOF, LLC, a Wyoming Limited Liability Company LENDER: X FIRST INTERSTATE BANK Deeann Mang'ss, Commerc nder Fi F�YSte &vnc RECEIVED 4/29/2010 at 10:03 AM RECEIVING 953161 BOOK: 746 PAGE: 328 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY By: e,`'"at Cindy Leinor en, Manager of LOF, LLC, a Wyoming Limited Liability Company „;.0' 13329 State of to l County of leh MODIFICATION OF MORTGAGE (Continued) Page 2 LIMITED LIABILITY COMPANY ACKNOWLEDGMENT This instrument was acknowledged before me on 1 11919010 (date) by Dave Leinonen, Manager of LOF, LLC, a Wyoming Limited Liability Company and Cindy Leinonen, Manager of LOF, LL a Wyoming Limited Liability Company. State of -11-114— County of SHERRY C. MALLEN FIRST INTERSTATE BANK P.O. BOX 11095 842 W. BROADWAY JACKSON, WY 83002 NOTARY PUBLIC COUNTY OF STATE OF TETON WYOMING MYCOMMIS91ON EXPIRES DECEMBER 1, 2012 This instrument was acknowledged before me on SHERRY C. MALLEN NOTARY PUBLIC COUNTY OF r' STATE OF TETON :1 WYOMING CO MMISSION EXPIRES DECEMBER 1, 2012 (Notarial Sig ture) LENDER ACKNOWLEDGMENT My commission expires: I I ?O Ia (date) by (Notarial Si i nature) DecNhvl n19iC�me r w �v� My commission expires: I pi 1 DV I, LASER PRO Lending, Ver. 5.48.00.004 Copr. Harland Financial Solutions, Inc. 1997, 2010. All Rights Reserved. WY K: \CFI \LPL \G201.FC TR -64189 PR -199