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HomeMy WebLinkAbout966360RECEIVED 8/22/2012 at 12:15 PM RECEIVING 966360 BOOK: 792 PAGE: 205 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY RECORDATION REQUESTED BY: Bank of Jackson Hole Bank of Alpine, A Branch Bank of Bank of Jackson Hole P.O. Box 7000 Jackson, WY 83002 WHEN RECORDED MAIL TO: Bank of Jackson Hole Bank of Alpine, A Branch Bank of Bank of Jackson Hole P.O. Box 7000 Jackson, WY 83002 SEND TAX NOTICES TO: Peterson Enterprises Inc. a Missouri Corporation 812 E. Taylor Ave Saint Louis, MO 63147 -2819 MODIFICATION OF MORTGAGE THIS MODIFICATION OF MORTGAGE dated July 26, 2012, is made and executed between Peterson Enterprises INC., a Missouri Corporation (referred to below as "Grantor and Bank of Jackson Hole, whose address is P.O. Box 7000, Jackson, WY 83002 (referred to below as "Lender MORTGAGE. Lender and Grantor have entered into a Mortgage dated June 23, 2011 (the "Mortgage which has been recorded in Lincoln County, State of Wyoming, as follows: Receiving 959981 Book 769 Page 113, Lincoln County Clerk, Kemmer, WY. REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in Lincoln County, State of Wyoming: Lot 103 of Alpine Village No. 1 Plat 2 Amended, 13th Filing Subdivision Recorded October 9, 2009 at Document No. 949966, in the office of the Clerk, Lincoln County, Wyoming The Real Property or its address is commonly known as Lot 103 Alpine Village Subdivision, Alpine, WY 83128. MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows: Grantor acknowledges that the mortgage recorded on June 23, 2011 is hereby amended to reflect the correct designation of the Grantor as Peterson Enterprises INC., a Missouri corporation which in all instances will supercede Peterson Enterprises Corp., a Missouri corporation, which are in fact one and the same entity. Grantor acknowledges that the mortgage recorded on June 23, 2011 is hereby amended to increase the lien amount from $1,000,000.00 to $1,430,000.00. 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 at 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 JULY 26, 2012. GRANTOR: PETERSON E J ERPRI; IN ..WM.ISSOURI CORPORATION ald ''Peterson, Chief Executive Officer of Peterson Enterprises Inc. a Missouri Corporation by: LENDER: BANK OF JACKSON HOLE X James Mazzarisi, Vice President 00205 SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY Loan No: 127968 State of I L County of State of County of UY \S O This instrument was acknowledged before me on eR IDO ID— Enterprises Inc. a Missouri Corporation. JAYANTHI J. ROTH NOTARY PUBLIC COUNTY OF j STATE OF LINCOLN .1'.! WYOMING MY COMMISSION EXPIRES MARCH 31, 2013 This instrument was acknowledged before me on JAYANTHI J. ROTH COUNTY OF NOTARY PUBLIC STATE OF LINCOLN WYOMING MY COMMISSION EXPIRES MARCH 31, 2013 MODIFICATION OF MORTGAGE (Continued) Page 2 CORPORATE ACKNOWLEDGMENT My com re) sion expires: LENDER ACKNOWLEDGMENT (date) by Ronald A. Peterson, Chief Executive Officer of Peterson ssion expires: ?�a b 002©(3 LASER PRO Lending, Ver. 5.60.00.005 Copr. Harland Financial Solutions, Inc. 1997, 2012. All Rights Reserved. WY I: \CFI \LPL \G201.FC TR -2995 PR -13