HomeMy WebLinkAbout955444LOAN MODIFICATION AGREEMENT
RECEIVED 9/13/2010 at 11:30 AM
RECEIVING 955444
BOOK: 753 PAGE: 534
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
This agreement is made and entered into between First International Bank Trust, the "Bank and
Alpine Village Properties, LLC, A Wyoming Limited Liability Company, the "Mortgagor(s)
The Bank is the holder of a note #160234, mortgage, and assignment of leases and rents,
incorporated in this agreement by reference, executed on October 13, 2006, as evidence of and
security for a loan made to the Borrower by the First International Bank Trust on October 13,
2006.
The Borrower is now indebted to the Bank in the sum of $451,546.63. $446,378.99 consisting of
principal and $5,067.64 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 October 13, 2006 and recorded in the office of Lincoln County Clerk,
Kemmerer, Wyoming on October 22, 2009 as Receiving #950140, Book 734 and Page 416 and
rerecorded on February 8, 2010 as Receiving #952059, Book 742 and Page 125. The Mortgage, and
Assignment of Leases and Rents covers the following described real property:
Lot 104 of Alpine Village Subdivision No. 1 Plat 2 Amended 13 Filing, Lincoln County,
Wyoming as described on the Official Plat Thereof, Filed 10/09/2009, Instrument No. 949966
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 maturity date will be extended from July 11, 2010 to July 10, 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
except as herein expressly modified.
THIS AGREEMENT, Executed by the Mortgagor this, 51 day of August, 2010.
James Kristen Bullis F� ly LLL'
STATE OF NORTH DAKOTA
ss.
COUNTY OF CASS
On this3( day of August, 2010, before me personally appeared James R Bullis known to me to
be the person(s) who are described in and who executed the within instrument and acknowledged to
me that they executed the same.
COUNTY OF CASS
n6rc&K.1/
Nofary Public
My Commission Expires: 'll�bf 4P
Executed by the First International Bank Trust this day of August, 2010.
FIRS INTERN dPi L
By:
De Schock,
STATE OF NORTH DAKOTA
ss.
.111 tat
N.tary Public
My Commission Expires:
ANK
KIM HENDRICKSON
Notary Public
State of North Dakota
My Commission Ex•ires July 28,2016
TRUST
Senior Vice President
On the 31 day of August, 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 28, 2016
535