HomeMy WebLinkAbout953802AMENDMENT TO MORTGAGE
RECITALS
THIS AMENDMENT TO MORTGAGE (this "Amendment is entered into as of
March 2010 by and between JAMES DORSEY "Borrower and WELLS FARGO
BANK, N.A. SUCCESSOR BY CONSOLIDATION WITH THE JACKSON STATE BANK
TRUST "Bank
WHEREAS, Bank is the Lender and Borrower is Grantor under a Mortgage dated
March 20, 2006, recorded March 27, 2006 in Book 615, Page 259, Receiving No.
916950 of the Lincoln County, Wyoming Clerk and Recorder (the "Mortgage that
encumbers the property described as follows:
Lot 1, Alpine Village Subdivision No. 1, Plat 1, Amended, Lincoln County,
Wyoming according to that plat filed in the Office of the Lincoln County Clerk, as
Instrument No. 559190 (the "Mortgaged Property
WHEREAS, Borrower and Bank have agreed to renew and modify the debt
obligation secured by the Mortgage and to amend the Mortgage as set forth herein.
NOW, THEREFORE, for valuable consideration, including the Bank's agreement
to renew the debt obligation secured by the Mortgage, the receipt and sufficiency of
which is hereby acknowledged by the Borrower, the parties hereto agree to amend the
Mortgage as follows:
The "Maximum Lien" of the Mortgage is hereby increased from $292,500.00 to
$2,645,618.30, together with all other costs, fees and expenses allowed by the
Mortgage and Note.
The term "Note" as defined in the Mortgage is deleted and the language below is
substituted:
Note. The word "Note" means the promissory notes number A- 2467837675-
18, A- 2467837675 -26, B- 8971688322 -18 and B- 8971688322 -26, in the total aggregate
original principal amounts of $2,645,618.30, together with all renewals of, extensions of,
modifications of, refinancing of, consolidations of, and substitutions for the promissory
note(s) or agreement(s), each or collectively, which includes but is not limited to that
Consolidation of Promissory Notes and Modification to Promissory Note with an
Effective Date of Marcha o 2010 from Borrower to Bank.
Except as expressly set forth herein, all terms and conditions of the Mortgage
remain in full force and effect, without waiver or modification. All terms defined in the
Mortgage shall have the same meaning when used in this Amendment.
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RECEIVED 6/4/2010 at 10:49 AM
RECEIVING 953802
BOOK: 748 PAGE: 402
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
Borrower certifies that, notwithstanding the amendments set forth herein, all of the
real property encumbered by the Mortgage securing the Note shall remain subject to the
lien, charge or encumbrance of the Mortgage or other document pursuant to which such
lien, charge or encumbrance is created, and nothing contained herein or done pursuant
hereto shall affect or be construed to affect the priority of the lien, charge or
encumbrance of the Mortgage.
This Amendment may be executed in counterparts, each of which shall be
deemed an original and together which shall constitute one Amendment.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the day and year first written above.
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[SIGNATURE PAGES FOLLOW]
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A l
me James Dorsey
STATE OF PO acv
ss.
COUNTY OF PlAtin Recta)
This instrument was acknowledged before me on nz- a4° 2010, by James
Dorsey.
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SEAL (if any)
Notary Public
My commission expires: 0c+
3
404
WEL
COUNTY OF
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SEAL (if any)
BANK, N.A.
By:
Na eC1/4 5
Title: v. P,,.or:
STATE OF \\I LL
ss.
This jnstrument was ac nowled ed before me on
2010, by 1IX a,1 kAlo fle, as vk e-e.. vv l of
Wells Fargo Bank, N.A., a natioI bank association.
My commission expires:
GENERAL NOTARY State of Nebraska
KRISA K. MOORE
My Comm. Exp. Nov. 20, 2010
4
Notary Public