HomeMy WebLinkAbout955503RECEIVED 9/14/2010 at 3:55 PM
RECEIVING 955503
BOOK: 753 PAGE: 638
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
LOAN MODIFICATION AGREEMENT
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This agreement is made and entered into between First International Bank Trust, the "Bank and
WJW Holdings, LLLP, a North Dakota Limited Liability Limited Partnership, 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 #933473,
Book 673 and Page 432 and Receiving #933474, Book 673 and Page 441. The Mortgage and
Assignment of Leases and Rents covers the following described real property:
See Attached Exhibit A.
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
except as herein expressly modified.
THIS AGREEMENT, Exec
NtR'4,
.ldings, LLLP
STATE OF NORTH DAKOTA
ss.
COUNTY OF CASS
Executed by the First International Bank Trust this
STATE OF NORTH DAKOTA
ss.
COUNTY OF CASS
Not. 'ublic
$x
ed by the Mortgagor this 1 day of September, 2010.
On this 1 day of September, 2010, before me personally appeared William J. Wiemann, General
Partner 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.
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Notary Public
My Commission Expires: f pp,/ J ((j
My Commission Expires:
KIM HENDRICKSON
Notary Public
State of North Dakota
My Commission Expires July 28, 20 d
day of September, 2010.
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.
Senior Vice President
all en_ A_ I
KIM HENDRICKSON
Notary Public
State of North Dakota
My Commission Expires Jul 28, 2016
PARCEL #1
EXHIBIT IBIT
LOT 20 OF ALPINE VILLAGE SUBDIVISION NO. 1 PLAT 2, AMENDED, RECORDED JUNE 4, 1981 AT DOCUMENT
NUMBER 559191, MAI° NUIVLBER 264, IN THE OFFICE OF THE CLERK, LINCOLN COUNTY, WYOMING.
PARCEL #2
LOT 23 OF ALPINE VILLAGE SUBDIVISION NO. 1 PLAT Z AMENDED, RECORDED JUNE 4, 1981 AT DOCUMENT
NUMBER 559191, IvIAFNUMBER 264, IN THE OFFICE OF THE CLERK, LINCOLN COUNTY, WYOMING.
PARCEL #3
LOT 27 OF ALPINE VILLAGE SUBDIVISION NO. 1 PLAT 2, AMENDED, RECORDED JUNE 4, 1981 AT DOCUMENT
NUMBER 539191, MAP NUMBER 264, IN THE OFFICE OF THE CLERK, LINCOLN COUNTY, WYOMIN¢
PARCEL #4
THAT PORTION OF LOT 41 [N THE ALPINE VILLAGE SUBDIVISION NO. 1, PLAT 2, AMENDED, RECORDED JUNE 4,
1981 AT DOCUMENT NUMBER 559191, MAP NUMBER 264, LINCOLN COUNTY, WYOMING LYING NORTH WEST OF
THE FOLLOWING DESCRIBED LINE:
BEGINNING AT A POINT ON THE NORTHEASTERLY LINE OF SAID LOT 41 SOUTH 36 °56'17" BAST, 302.00 FEET FROM
THE NORTH CORNER OF SAID LOT;
THENCE SOUTH 53 °04'01" WEST, 459.22 FEET PARALLEL WITH AND 302.00 FEET SOUTHEASTERLY or THE
NORTHWESTERLY LINE OF SAID LOT TO THE SOUTHWESTERLY LINE OF SAID LOT.
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