HomeMy WebLinkAbout958273RECORDATION REQUESTED BY:
1st Bank
Evanston
1001 Main Street
P.O. Box 6003
Evanston, WY 82931
WHEN RECORDED MAIL TO:
1st Bank
Evanston
1001 Main Street
P.O. Box 6003
Evanston, WY 82931
SEND TAX NOTICES TO:
1st Bank
Evanston
1001 Main Street
P.O. Box 6003
Evanston, WY 82931
MODIFICATION OF MORTGAGE
THIS MODIFICATION OF MORTGAGE dated February 22, 2011, is made and executed between HNA, INC., A
WYOMING CORPORATION (referred to below as "Grantor and 1st Bank, whose address is 1001 Main Street,
P.O. Box 6003, Evanston, WY 82931 (referred to below as "Lender
MORTGAGE. Lender and Grantor have entered into a Mortgage dated November 19, 2010 (the "Mortgage which has been recorded in
LINCOLN County, State of Wyoming, as follows:
MORTGAGE RECORDED NOVEMBER 19, 2010, IN THE OFFICE OF UINTA COUNTY CLERK IN BOOK 757 ON PAGE 499
REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in LINCOLN County, State of Wyoming:
See EXHIBIT "A" PARCEL 2 3, which is attached to this Modification and made a part of this Modification as if fully set forth herein.
The Real Property or its address is commonly known as 620 PINE AVENUE, KEMMERER, WY 83101.
MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows:
AS OF TODAY'S DATE WE ARE INCREASING THE CREDIT LIMIT BY $400,000.00 TO A TOTAL LOAN AMOUNT OF $1,600,000.00.
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 FEBRUARY 22, 2011.
GRANTOR:
HNA, INC
By:
By: y1
Y D LSON, Pres HNA, INC. A DARRELL G ER, Vice President of HNA, INC. A
WYOMING CORPORATION WYOMING CORPORATION
LENDER:
1ST BANK
X
Ben Richins,
WYOMING CORPORATION
oan Officer
RECEIVED 2/28!2011 at 9:59 AM
RECEIVING 958273
PAGE: 123
BOOK: 763 WAGNER
JEANNE WA
OLN COUNTY CLERK KEMMERER,
LINC
000123
SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
Loan No: 72003247
MODIFICATIC,. MORTGAGE
(Continued) Page 2
CORPORATE ACKNOWLEDGMENT
000124
This instrument was acknowledged before me on (date) by GARY D NELSON, President of HNA, INC. A WYOMING
CORPORATION and DARRELL G ALDER, Vice President of NA, I C. A WYOMING CORPORATION.
State of JJ y V
County of \I Mkt(
JAYME R. STUGELMEYER NOTARY PUBLIC
COUNTYOF
UINTA
MYCOMMISBION EXPIRES
STATE OF
WYOMING
AUGUST 10, 2011
This instrument was acknowledged before me on
JAYME R. STUGELMEYER
COUNTY OF
UINTA
MY COMMISSION EXPIRES
NOTARY PUBLIC
STATE OF
WYOMING
AUGUST 10, 2011
My commission expires:
LENDER ACKNOWLEDGMENT
Z 22
I V\ (date) by
My commission
`RY1 YlCi)
LASER PRO Lending, Ver. 5.55.00.002 Copr. Harland Financial Solutions, Inc. 1997, 2011. All Rights Reserved. WY L: \CFI \LPL \G201.FC
TR -13868 PR -9
"EXHIBIT A"
000125
Parcel 2
Lots 7, 8, 9 and 10 of Block 14 of the Original Townsite of the Town of Kemmerer, Lincoln County, Wyoming,
together with that portion of the alley adjacent to the southwesterly line of said lots and to the Southwesterly line of
a portion of Lot 10 of said Block, more particularly described as follows;
Beginning at the Northwesterly corner of said Lot 7; thence S 63° 26' W, a distance of 20 feet to the Northeast
corner of Lot 6 of said Block 14; thence S 26° 34' E, along the Northeasterly line of Lots 4, 5 and 6 and a portion of
Lot 3 of said Block 14, a distance of 175 feet to a point 25 feet South of the Northeast corner of said Lot 3; thence
Northeasterly parallel with the Northeasterly Extension of the Northwesterly line of said Lot 3, a distance of 20 feet
to a point on the southwesterly line of Lot 10 of said Block 14; thence N 26° 34' W, along the Southwesterly line of
Lots 7, 8 and 9 and a
portion of said Lot 10, a distance of 175 feet to the point of beginning.
EXCEPTING THEREFROM the northwesterly one -half of the above described portion of alley.
Parcel 3
Lots 4, 5 and 6 and the North half of Lot 3, Block 14 of the Original Town of Kemmerer, Lincoln County Wyoming,
as recorded on August 26, 1952, at Book 28 of Deeds on page 463 in Lincoln County public records, said North
half of Lot 3 more particularly described as follows:
Beginning at the Northwest corner of said Lot 3 and running thence Easterly along the Northerly boundary line
thereof, a distance of 140 feet to the Northeast corner of said lot; thence Southerly along the Easterly boundary line
of said lot, a distance of 25 feet; thence Westerly at right angles a distance of 140 feet to the Westerly boundary of
said lot; thence Northerly along the Westerly boundary line thereof a distance of 25 feet to the point of beginning;
AND the Westerly one -half of the dedicated alley of record adjacent to Lots 7, 8, 9 and adjacent to the
southwesterly line of a portion of Lot 10 of said Block 14 of the Original Town of Kemmerer, Lincoln County,
Wyoming, more particularly described as follows:
Beginning at the Northwesterly corner of said Lot 7; thence S 63 °26' W, a distance of 20 feet to the Northeast
corner of Lot 6 of Said Block 14; thence S 26 °34' E, along the Northeasterly line of Lots 4, 5 and 6 and a portion of
Lot 3 of said Block 14, a distance of 175 feet to a point 25 feet South of the Northeast corner of said Lot 3; thence
Northeasterly parallel with the Northeasterly Extension of the Northwesterly line of said Lot 3, a distance of 20 feet
to a point on the Southwesterly line of Lot 10 of said Block 14; thence N 26 °34' W, along the Southwesterly line of
Lots 7, 8 and 9 and a portion of said Lot 10, a distance of 175 feet to the point of beginning.
Less and Except the land contained in instrument recorded April 2, 1962 in Book 53PR on page 489 of the records
of the Lincoln County Clerk