HomeMy WebLinkAbout955425RECEIVED 9/10/2010 at 3:17 PM
RECEIVING 955425
BOOK: 753 PAGE: 477
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 #165301, mortgage and assignment of leases and rents, incorporated
in this agreement by reference, executed on September 12, 2007, as evidence of and security for a
loan made to the Borrower by the First International Bank Trust on September 12, 2007.
The Borrower is now indebted to the Bank in the sum of $3,673,261.37. $3,661,969.28 consisting
of principal and $11,292.09 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 dated September 12, 2007, Mortgage, and Assignment of
Leases and Rents owned and held by the Bank dated September 12, 2007 and recorded in the office
of Lincoln County Clerk, Kemmerer, Wyoming on September 26, 2007 as Receiving #933472,
Book 673 and Page 424. The Mortgage 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 12 monthly principal and interest payments of
$25,014.22 starting with the September 15, 2010 and 1 balloon payment of
$3,622,725.86 where all principal, interest and fees will be due. The maturity date
will be extended to September 15, 2011. 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 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
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except as herein expressly mod ied.
THIS AGRE MENT, Executed by he Mortgagor this I day of September, 2010.
STATE OF NORTH DAKOTA
ss.
COUNTY OF C UN C.b LP
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On this S day of September, 2010, before me personally appeared William J. Wiemann, known
to me to be the person(s) who are described in and who executed the within instrument and
acknowledged to me that they ecuted the same.
Public
My ommission Expires:
Executed by the First International Bank Trust this
By:
STATE OF NORTH DAKOTA
ss.
COUNTY OF CASS
FIRST INTERNATIONAL BANK TRUST
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Notary `ublic
My Commission Expires:
D Schock, Senior Vice President
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DENNIS L. SC!-QCK
Notary Pi
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My CorntEWSEixISCHOCK 0. 2011
lvTji r utic'
State of North Dakota
My Commission Expires May 9, 2011
day of September, 2010.
On the 1 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.
KIM HENDRICKSON
Notary Public
State of North Dakota
My Commission Expires July 26, 2016