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HomeMy WebLinkAbout961436RECEIVED 10/17/2011 at 3:11 PM RECEIVING 961436 BOOK: 774 PAGE: 546 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY State of Wyoming Space Above This Line For Recording Data MODIFICATION OF MORTGAGE DATE AND PARTIES. The date of this Real Estate Modification (Modification) is 10.12.2011 The parties and their addresses are: MORTGAGOR: WJW HOLDINGS, LLLP, A WYOMING LIMITED LIABILITY LIMITED PARTNERSHIP PO BOX 3309 ALPINE, WY 83128 LENDER: FIRST INTERNATIONAL BANK &TRUST ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NORTH DAKOTA 3001 S 25TH ST PO BOX 10938 FARGO, ND 58106 BACKGROUND. Mortgagor and Lender entered into a Security Instrument dated 09.01.2010 and recorded on 10-12-2010 The Security Instrument was recorded in the records of LINCOLN County, Wyoming at RECEIVING #955960 BOOK 755 PAGE 234 The property is located in LINCOLN County at ALPINE VILLAGE SUBDIVISION, ALPINE, WY 83128 000546 Described as: LOT 92 OF ALPINE VILLAGE SUBDIVISION NO. 1, PLAT 2, AMENDED, 10TH FILING AMENDED, LINCOLN COUNTY, WYOMING, ACCORDING TO THAT PLAT RECORDED IN THE OFFICE OF THE COUNTY CLERK, LINCOLN COUNTY, WYOMING. REAL ESTATE MODIFICATION WYOMING NOT FOR FNMA, FHLMC, FHA OR VA USE) P 0 ©2001 Bankers Systems, Inc., St. Cloud, MN Form MMOD -WY 1/16/2004 (page 1 of 3) MODIFICATION. For value received, Mortgagor and Lender agree to modify the original Security Instrument. Mortgagor and Lender agree that this Modification continues the effectiveness of the original Security Instrument. The Security Instrument was given to secure the original debts and obligations (whether identified as Secured Debts, Sums Secured, or otherwise) that now have been modified. Together with this Modification, the Security Instrument now secures the following debts and all extensions, renewals, refinancings, modifications and replacements. (Include items such as borrower's name, note or contract amounts, interest rates (whether variable), maturity dates, etc.) THE PARTIES AGREE THAT THE UNPAID BALANCE SHALL BEAR INTEREST AT A RATE 5 YEAR FHLB RATE 3.25% VARAIBLE UNTIL OCTOBER 11, 2016. THE RATE WILL ADJUST EVERY 5TH YEAR BEGINING OCTOBER 11, 2015 TO 3.25% ABOVE THE ADVANCE RATE FOR FIVE (5) YEAR FIXED RATED ADVANCES FROM THE FEDERAL HOME LOAN BANK OF DES MOINES, IOWA AS OF THE 10TH OF EACH CALANDAR MONTH. DURING THE TERM OF THIS LOAN THE RATE WILL NOT BE LESS THAN 6 FROM THAT STATED ABOVE, SAID BALANCE AND INTEREST ARE PAYABLE AS FOLLOWS: 152 MONTHLY PAYMENTS OF $3,963.98 BEGINNING NOVEMBER 1, 2011 AND 1 PAYMENT OF $2,591.37 ON JULY 1, 2024 IF NOT SOONER PAID. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by the Security Instrument at any one time will not exceed 421,155.95 al which is a 15,690.15 increase decrease in the total principal amount secured. This limitation of amount does not include interest and other fees and charges validly made pursuant to the Security Instrument. Also, this limitation does not apply to advances made under the terms of the Security Instrument to protect Lender's security and to perform any of the covenants contained in the Security Instrument. CONTINUATION OF TERMS. Except as specifically amended in this Modification, all terms of the Security Instrument remain in effect. SIGNATURES: By signing below, Mortgagor agrees to the terms and covenants contained in this Modification. Mortgagor also acknowledges receipt of a copy of the Modification. MORTGA OR: WJW HOLDIN S, LLLP N\\\ (S ignature l Wlll J. WIEM N, GENERAL PA (Signature) (Signature) LENDER: By 000547 72 DEN SCHOCK, SENIOR VICE PRESIDENT NER 1(Date) (Signature) (Date) (Signature) (Date) (Signature) (Date) (Date) (Date) tai p 0 ©2001 Bankers Systems, Inc., St. Cloud, MN Form MMOD -WY 1/16/2004 (page 2 of 3) ACKNOWLEDGMENT: j STATE OF lorniAs CO UNTY OF L+ r\Cb1 j (Individual) This instrument was awledgedefore me this day of by My commission expires: /0 ,S (Seal) (Seal) TRACI KETTERLING Notary Public State of North Dakota My Commission Expires Feb, 25, 20 (Notary Public) 000548 ACKNOWLEDGMENT: STATE OF WbYBItlFIIGG l I\ (1 h �LL COUNTY OF ss. (Lender) This instrument was acknowledged before me this V) day of (1C ,(J,v by DENNIS L. SCHOCK as SENIOR VICE PRESIDENT (Titles) of FIRST INTERNATIONAL BANK TRUST l (Name of Business or Entity). My commission expires: 2 ©2001 Bankers Systems, Inc., St. Cloud, MN Form MMOD -WY 1/16/2004 (page 3 of 3)