HomeMy WebLinkAbout961431DATE AND PARTIES. The date of this Real Estate Modification (Modification) is September 21, 2011. The parties
and their addresses are:
MORTGAGOR:
JAMES AND KRISTEN BULLIS FAMILY LLLP
A North Dakota Limited Liability Partnership
PO Box 9199
Fargo, ND 58106 -9199
LENDER:
ALERUS FINANCIAL, N.A.
Organized and existing under the laws of the United States of America
P.O. Box 6001
Grand Forks, ND 58206 -6001
1. BACKGROUND. Mortgagor and Lender entered into a security instrument dated April 22, 2009 and recorded on
May 1, 2009 (Security Instrument). The Security Instrument was recorded in the records of Lincoln County,
Wyoming at 10:24 A.M. as Document No. 946847 and covered the following described Property:
Lot 9 of Indian Creek Subdivision according to the Plat filed September 22, 1994 as Plat No. 105 -A in the office of
the County Clerk, Lincoln County, State of Wyoming
The property is located in Lincoln County at RR, Alpine, Wyoming 83128.
2. MODIFICATION. For value received, Mortgagor and Lender agree to modify the Security Instrument as provided
for in this Modification.
The Security Instrument is modified as follows:
A. Secured Debt. The secured debt provision of the Security Instrument is modified to read:
(1) Secured Debts. The term "Secured Debts" includes and this Security Instrument will secure each of the
following:
(a) Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
replacements. A promissory note or other agreement, No. 704441005, dated April 22, 2009, from
James and Kristen Bullis Family LLLP and JB Real Estate Investments, L.L.C. (Borrower) to Lender, with
a loan amount of 8145,149.08 and maturing on June 30, 2012.
(b) All Debts. All present and future debts from James and Kristen Bullis Family LLLP and JB Real
Estate Investments, L.L.C. to Lender, even if this Security Instrument is not specifically referenced, or if
the future debt is unrelated to or of a different type than this debt. If more than one person signs this
Security Instrument, each agrees that it will secure debts incurred either individually or with others who
may not sign this Security Instrument. Nothing in this Security Instrument constitutes a commitment to
make additional or future loans or advances. Any such commitment must be in writing. In the event
that Lender fails to provide any required notice of the right of rescission, Lender waives any subsequent
security interest in the Mortgagor's principal dwelling that is created by this Security Instrument. This
Security Instrument will not secure any debt for which a non possessory, non purchase money security
interest is created in "household goods" in connection with a "consumer loan," as those terms are
defined by federal law governing unfair and deceptive credit practices. This Security Instrument will not
secure any debt for which a security interest is created in "margin stock" and Lender does not obtain a
"statement of purpose," as defined and required by federal law governing securities. This Modification
will not secure any other debt if Lender fails, with respect to that other debt, to fulfill any necessary
requirements or limitations of Sections 19(a), 32, or 35 of Regulation Z.
(c) Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this
Security Instrument.
3. CONTINUATION OF TERMS. Except as specifically amended in this Modification, all of the terms of the
Security Instrument shall remain in full force and effect.
James and Kristen Bullis Family LLLP
Wyoming Real Estate Modification
NO/ 4 XXRSmith00184400007454005092011Y
Space Above This Line For Recording Data
MODIFICATION OF MORTGAGE
Wolters Kluwer Financial Services 1996, 2011 Bankers Systems Page 1
RECEIVED 10/17/2011 at 2:43 PM
RECEIVING 961431
BOOK: 774 PAGE: 528
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
000528
SIGNATURES. By signing, Mortgagor a• ees to the terms and covenants contained in this Modification.
Mortgagor also acknowledges receipt of a y of this Modification.
MORTGAGOR:
James a d Kristen amily
By
James R Bullis, General Partner
LENDER:
Alerus Fin a N.A.
Auth rized Sign
James and Kristen Bullis Family LLLP
Wyoming Real Estate Modification
N 4 XXRSmith00184400007454005092011Y
ACKNOWLEDGMENT.
(Business or Entity) J
ii-4 OF �u{'t�l (2 t�C.C�t~ 1411;t OF l,4'LJ3 ss.
This instrument was acknowledged before me t is day of c_ -:01 E`/;JG 1,: '/./I r/ b
James R Bullis as General Partner of James and Kristen Bullis Family LLLP
My commission expires:
My commission expires:
ill,}
L. �7lvt
otary Public)
TERESA KUZNIA
Notary Public
State of North Dakota
My Commission Expires Sept. 24, 2016
(Lender Acknowledgment) r 1
QU C rr`� OF 1�f.C�l A lull, OF 7‹Lf c r c OLt
This instrument was acknowledged before me this _3pv- day of 4p (-0r (D. by
Authorized Signer as __r t ..r k o A lerus Financial, N.A.. 0
(Notary ublic)
JENNIFER R. DEITZ
Notary Public
State of North Dakota
My Commission Expires Seat, 18, 2013
Wolters Kluwer Financial Services 1996, 2011 Bankers Systems Page 2
000529
STATE OF r<2 0
ss
COUNTY OF C
On this day before me, the undersigned Notary, Public, personally appeared, James R
Bullis, President of JB Real Estate Investments, LLC known to me to be the person
described in and who executed the following document(s) signed by him/her and
acknowledged to me that he /she executed the same:
Given under my hand this -11 day of Sq., '4/V 1 /ti 201
B
Debt Modification Agreement
Modification of Mortgage
(Seal)
Notary Public in and for the State of OD
My commission expires
rERESA KUZNIA
Notary Public 0
4 State of North Dakota
4 My Commission Expires Sept. 24, 2016
Residing at tikte A't,- E U1)
000530