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HomeMy WebLinkAbout962871Space Above This Line For Recording Data MODIFICATION OF MORTGAGE 00669 RECEIVED 1/23/2012 at 11:22 AM RECEIVING 962871 BOOK: 779 PAGE: 669 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY DATE AND PARTIES. The date of this Real Estate Modification (Modification) is January 11, 2012. The parties and their addresses are: MORTGAGOR: PATRICIA H. BROWN An unmarried individual PO BOX 755 Afton, WY 83110 LENDER: THE BANK OF STAR VALLEY Organized and existing under the laws of Wyoming 384 Washington P.O. Box 8007 Afton, WY 83110 1. BACKGROUND. Mortgagor and Lender entered into a security instrument dated and recorded on (Security Instrument). The Security Instrument was recorded in the records of Lincoln County, Wyoming at and covered the following described Property: See exhibit "A" attached hereto and made a partof The property is located in Lincoln County at 610 Adams Street, Afton, Wyoming 83110. 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: Patricia H. Brown Wyoming Real Estate Modification WY/ 4XPTOLMAN00000000000625021011812N 1 1111I11111 1 111111 1110IIII0 1110 11101111 1111111 111111111 111111IDD 11111111111 111111 1111111111 11111111 1111 Wolters Kluwer Financial Services ©1996, 2012 Bankers SystemsTM Page 1 -.00070 (a) Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and replacements. A promissory note or other agreement, No. 01- 700790 -07, dated January 11, 2012, from Mortgagor to Lender, with a modified loan amount of $12,929.21 and maturing on July 20, 2015. (b) 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. SIGNATURES. By signing, Mortgagor agrees to the terms and covenants contained in this Modification. Mortgagor also acknowledges receipt of a copy of this Modification. MORTGAGOR: Zit Patricia H. Brown Individually LENDER: The Bank Of Star Valley ACKNOWLED MENT. (Individual) MINDY LYMAN COUNTY OF LINCOLN NOTARY PUBLIC STATE OF WYOMING MY COMMISSION EXPIRES FEBRUARY 1, 2015 Patricia H. Brown Wyoming Real Estate Modification WY/ 4XPTOLMAN00000000000625021011812N 4111100 o. ens: n, "resident OF L11101 This instr k nt was acknowledged before me this Patricia H. Brown an unmarried individual. My commission expires: 9_ 0, '2015 1 IIII I IIIII 011 1110 0111 0111 0 111 1 1 0111 110111 11111 11110 00110 111 X011 011 011 X0100111011 X0111 OF otary Public 4/1/64 1(9 by Wolters Kluwer Financial Services ©1996, 2012 Bankers SystemsTM Page 2 (Lender Acknowledgment) NOTARY PUBLIC STATE OF WYOMING MINDY LYMAN COUNTY OF LINCOLN MY COMMISSION EXPIRES FEBRUARY 1, 2015 OF LI nc s W e This instru ent was acknowledged before me this Rod R. Jensen as President /CEO of The Bank Of Star Valley. My commission expires: 2 1_ Z0iS Patricia F1. Brown Wyoming Real Estate Modification WY/ 4XPTOLMAN00000000000625021011812N Iii 0111011 H 111101 Wolters Kluwer Financial Services °1996, 2012 Bankers SystemsT' Page 3 1111 \Ni/ Fine ss. day of 11 I /16 6 V t by otary Public) 0`06'71 Lender: The Bank of Star Valley P.O. Box 8007 Afton, WY 83110 Borrower: Patricia Brown PO Box 755 Afton WY 83110 EXTENSIOr REEMENT Definitions: As used in this agreement, the term I means Borrower(s) named above; You means the Lender named above; Original obligation means my previous agreement to pay you money (referred to above by Loan Number and original date), and any related agreements such as a security agreement and /or mortgage. On October 08, 2008 you and I entered into an original obligation which is a Promissory Note secured by 1s REM on Home located at 610 Adams Street Afton WY 83110. Original principal amount of $21,868.50. The amount remaining due as of the date of this agreement is $12,929.21 principal plus $0.00 interest for a total of $12,929.21. The obligation is currently secured by the following: 1 REM on Home located at 610 Adams Street in the amount of $21,868.50 the mortgage was recorded in the Lincoln County Clerks Office on October 15, 2008 in Book 707 of Page 151 as document 942905. A prior extension on this note was done February 12, 2010. For valuable consideration You and I agree to the following change in the obligation: Extension Agreement: The new payment schedule is modified as follows: Monthly payments of principal and interest in the amount of $350.00 will be due beginning February 20, 2012 and continuing on the 20 of each month thereafter until maturity. The maturity date is July 20, 2015 at which time all .rinci.al and interest will be due. I acknowledge that this deferral will result in me paying more interest. Interest Rate Change: The interest rate effective the date of this agreement is: 6.5% Fixed Rate. This rate is lower than the rate previously in effect on this obligation. Fees: For this extension, I agree to pay you the following non refundable fees: $75.00 Extension Fee This agreement does not in any way satisfy or cancel the original obligation. Except as specifically amended by this agreement, all other terms of the original obligation remain if effect. This means and includes, but is not limited to: 1: Property which secures the original obligation will continue to secure my total responsibility to pay you as amended by this agreement. 2: All parties who have a responsibility to pay you in any way the original obligation (including any co- makers, endorsers, and guarantors) remain responsible for the total amount I owe you as amended by this agreement. If you require the consent to this extension by any additional party, I agree to obtain such consent, and this extension agreement will not be effective if the consent is not obtained. 3: Any post maturity interest rate provided for in the original obligation (except as specifically contracted for here) shall now begin to apply after the last scheduled payment of the original obligation as amended by this agreement. 4: You will not be responsible to further extend the payments affected by this agreement or any other scheduled payments. All other scheduled payments not affected by this agreement shall remain due as previously scheduled. 5: All provisions for default, remedies, attorneys= fees (if any) etc. remain in effect. 6: My responsibility (if any) to provide insurance on the property which secures the original obligation (if any) shall remain in effect. However, the term of such insurance policy will not be extended to cover any additional term resulting from this agreement unless contracted for and any additional premium is paid. 7: The term of any Credit Life and/or Disability Insurance coverage's purchased in connection with the original obligation will not be extended for the additional term provided for in this agreement unless contracted for and any additional premium is paid. Signature(s) for Borrowers: By signing below, I agree to the extension. I have received a copy of this agreement on today' s date. r This Agreement Date: January 11, 2012 oan Number: 01- 700790- 07(Old Loan 124490) Original Note Date: October 08, 2008 Signature of Authorized Representative of Lender: The Bank of Star Valley j Patricia Brown ate Rod R. Jensen (Date) President G