HomeMy WebLinkAbout955925RECORDATION REQUESTED BY:
Tolleson Private Bank
5550 Preston Road, Suite B
Dallas, TX 75205 -2661
WHEN RECORDED MAIL TO:
Tolleson Private Bank
5550 Preston Road, Suite B
Dallas, TX 75205 -2661
SEND TAX NOTICES TO:
Heath Properties, L.P.
5550 LBJ Freeway, Suite 650
Dallas, TX 75240
MODIFICATION OF MORTGAGE
THIS MODIFICATION OF MORTGAGE dated September 1, 2010, is made and executed between Heath Properties,
L.P., whose address is 5550 LBJ Freeway, Suite 650, Dallas, TX 75240 (referred to below as "Grantor and
Tolleson Private Bank, whose address is 5550 Preston Road, Suite B, Dallas, TX 75205 -2661 (referred to below
as "Lender
MORTGAGE. Lender and Grantor have entered into a Mortgage dated September 27, 2005 (the "Mortgage which has been recorded in Lincoln
County, State of Wyoming, as follows:
Recorded October 3, 2005 in Book 600 Page 100, Lincoln County Clerk, Kemmerer, WY.
REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in Lincoln County, State of Wyoming:
Lot 16 of Shadow Dancer Estates, Lincoln County, Wyoming as described on the Official Plat thereof
The Real Property or its address is commonly known as 1291 Trail Ridge Road, Alpine, WY 83128.
MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows:
Renew principal loan balance in the amount of $1,080,000.00 with quarterly interest payments beginning December 1, 2010 and
continuing on the 1st day of each quarter thereafter until maturity, September 1, 2011. All other terms and conditions remain the same.
CONTINUING VALIDITY. Except as expressly modified above, the terms of the original Mortgage shall remain unchanged and in full force and
effect and are legally valid, binding, and enforceable in accordance with their respective terms. Consent by Lender to this Modification does not
waive Lender's right to require strict performance of the Mortgage as changed above nor obligate Lender to make any future modifications.
Nothing in this Modification shall constitute a satisfaction of the promissory note or other credit agreement secured by the Mortgage (the
"Note It is the intention of Lender to retain as liable all parties to the Mortgage and all parties, makers and endorsers to the Note, including
accommodation parties, unless a party is expressly released by Lender in writing. Any maker or endorser, including accommodation makers,
shall not be released by virtue of this Modification. If any person who signed the original Mortgage does not sign this Modification, then all
persons signing below acknowledge that this Modification is given conditionally, based on the representation to Lender that the non signing
person consents to the changes and provisions of this Modification or otherwise will not be released by it. This waiver applies not only to any
initial extension or modification, but also to all such subsequent actions.
GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MODIFICATION OF MORTGAGE AND GRANTOR AGREES TO ITS
TERMS. THIS MODIFICATION OF MORTGAGE IS DATED SEPTEMBER 1, 2010.
GRANTOR:
HEATH PROPERTIES, L.P.
DW -INVESTM iP. rep ral ner of Heath Properties, L.P.
'chard W. Heath, President of DWH Investments,
Inc.
LENDER:
0LLE B
Au zed Signer
RECEIVED 10/12/2010 at 11:36 AM
RECEIVING 955925
BOOK: 755 PAGE: 171
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
„1s' ,1•71
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
Loan No: 13854
State o
County of
This instrument was acknowledged before me o
General Partner of Heath Properties, L.P..
O .F LISA M. TRAMMELL
Notary Public, State of Texas
My Commission Expires
%;EO <i;;•` September 25, 2014
This instrument was acknowledged before me on
S PY P4 LISA M. TRAMMELL
°P *.o: Notary Public, State of Texas
L My Commission Expires
September 25, 2014
MODIFICATION OF MORTGAGE
(Continued) s 1`2 Page 2
PARTNERSHIP ACKNOWLEDGMENT
kL O( date) by Richard W. Heath, President of DWH Investments, Inc.,
LENDER ACKNOWLEDGMENT
(Notaria ignature)
My commission expires:
(Notarial Signature)
My commission expires
co11dteli-
5, 34
LASER PRO Lending, Ver. 5.52.10.001 Copr. Harland Financial Solutions, Inc. 1997, 2010. All Rights Reserved. WY /TX
I: \BANK \CFI \LPL \G201.FC TR -1205 PR -34