HomeMy WebLinkAbout955424RECEIVED 9/10/2010 at 3:14 PM
RECEIVING 955424
BOOK: 753 PAGE: 475
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
LOAN MODIFICATION AGREEMENT
This agreement is made and entered into between First International Bank Trust, the "Bank and
William J. Wiemann, a single person, the "Mortgagor(s)
The Bank is the holder of a note #165036, mortgage, payment rider and assignment of leases and
rents, incorporated in this agreement by reference, executed on August 28, 2007, as evidence of and
security for a loan made to the Borrower by the First International Bank Trust on August 28, 2007.
The Borrower is now indebted to the Bank in the sum of $3,644,734.82. $3,631,530.17 consisting
of principal and $13,204.65 consisting of interest and as of this date and no unpaid installments of
ground rents, hazard insurance premiums, taxes, assessments, and mortgage insurance premiums, the
payment of which is secured by a Note, Mortgage, and Assignment of Leases and Rents owned and
held by the Bank dated August 28, 2007 and recorded in the office of Lincoln County Clerk,
Kemmerer, Wyoming on September 17, 2007 as Receiving #933152, Book 672 and Page 314. The
Mortgage, Payment Rider and Assignment of Leases and Rents covers the following described real
property:
Lot 42 of Alpine Village Subdivision No 1, Plat 2, Amended, Lincoln County, Wyoming as
described on the Official Plat thereof Recorded June 4, 1981 at Document Number 559191, and Map
Number 264 in the Office of the Clerk, Lincoln County, Wyoming
The parties mutually desire and agree to modify the following terms and conditions and will become
effective on the date this document is executed by all partners:
The monthly payments will change to 36 monthly principal and interest payments of
$27,580.00 starting on September 15, 2010 and 1 balloon payment of $3,495,620.69
where all principal, interest and any fees will be due. The maturity date will be
extended from September 5, 2012 to September 15, 2013. All other terms and
conditions will remain the same.
The Mortgage shall continue as a first lien upon the premises and neither the obligation evidencing
this indebtedness nor the mortgage securing the same shall in any way be prejudiced by this
Agreement, but the obligation and Mortgage, Payment Rider and Assignment of Lease and Rents and
all covenants and agreements thereof and the rights of the parties thereunder shall remain in full
force and effect except as herein -xpressly modified.
THIS AG' EMENT, Executed by t Mortgagor this I day of September, 2010.
Ni.. Nhâ–
Wil iam
STATE OF NQ1I OTA yo 1 N C-r
ss.
COUNTY OF C- SS 1-4 N (-0
Sk
On this day of September, 2010, before me personally
to me to be the person(s) who are described in and who
acknowledged to me that they ex-uted the same.
COUNTY OF CASS
No ublic
My Commission Expires:
S1
Executed by the First International Bank Trust this day of September, 2010.
FIRST INTERN
By:
STATE OF NORTH DAKOTA
ss.
Danis Schock,
Nothry Public
My Commission Expires: 7/2B( Ile
appeared William J. Wiemann known
executed the within instrument and
IONAL BANK TRUST
DENNIS L. SCHOCK
Notary Public
State of North Dakota
My Commission Expires May 9, 2011
Senior Vice President
On the day of September, 2010, by Dennis L. Schock, known by me to be the Senior Vice
President of the First International Bank Trust, personally appeared before me and acknowledged
that the First International Bank Trust executed such agreement.
d KIM HENDRICKSON
Notary Public
State of North Dakota
My Commission Ex ires Jul 28, 2016 1