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HomeMy WebLinkAbout968276[Space Above This Line For Recording Data] the real property described being set forth as follows: LOAN MODIFICATION AGREEMENT (Providing for Fixed Interest Rate) This Loan Modification Agreement "Agreement Made this 18 day of October 2012 between SHELLY D DENT "Borrower and Bank of the West "Lender amends and supplements (1) the Mortgage Deed of Trust or Deed to Secure Debt (the "Security Instrument dated 01/19/2009 and recorded in BOOK:713 PAGE:241 Official Records of LINCOLN [Name of Records] [County and State or other Jurisdiction] and (2) the Note bearing the same date as and secured by, the Security Instrument, which covers the real and personal property described in the Security Instrument and defined therein as the "Property", located at 43129 HWY 189, KEMMERER, WY 83101 [Property Address] LOT 1 BLOCK 1 MOWER SUBDIVISION, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. In consideration of the mutual promises and agreements exchanged, the parties hereto agree as follows (notwithstanding anything to the contrary contained in the Note or Security Instrument): 1. As of October 1, 2012, the amount payable under the Note and the Security Instrument (the "Unpaid Principal Balance is U.S. $two hundred thirty four thousand seven hundred six and 40/100 ($234,706.40), consisting of the amount(s) loaned to the Borrower by the Lender and any interest capitalized to date. 2. The Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of the Lender. Interest will be charged on the Unpaid Principal Balance at the yearly rate of 3.500% from October 1, 2012. 3. The Borrower promises to make monthly payments of principal and interest of U.S. $1,053.94 beginning on the 1 day of November 2012 and continuing thereafter on the same day of each succeeding month until principal and interest are paid in full. If on October 1, 2042 (the "Maturity Date the Borrower still owes amounts under the Note and the Security Instrument as amended by this Agreement, the Borrower will pay these amounts in full on the Maturity Date. The Borrower will make such payments at P.O. Box 4000, Alameda, CA 94501 0400 or at such other place as the Lender may require. 4. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in the Borrower is sold or transferred and the Borrower is not a natural person) without the Lender's prior written consent, the Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. If the Lender exercises this option, the Lender shall give the Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which the Borrower must pay all sums secured by this Security Instrument. If the Borrower fails to pay these sums prior to the expiration of this period, the Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on the Borrower. 5. The Borrower also will comply with all other covenants, agreements, and requirements of the Security Instrument, including without limitation, the Borrower's covenants and agreements to make all payments of taxes, insurance premiums, assessments, escrow items, impounds, and all other payments that the Borrower is obligated to make under the Security Instrument: however, the following terms and provisions are forever canceled, null and void, as of the date specified in paragraph No. I above: (a) all terms and provisions of the Note and Security Instrument (if any) providing for, implementing, or relating to, any change or adjustment in the rate of interest payable under the Note; and (b) all terms and provisions of any adjustable rate rider or other instrument or document that is affixed to, wholly or partially incorporated into, or is part of, the Note or Security Instrument and that contains any such terms and provisions as those referred to in (a) above. LOAN MODIFICATION AGREEMENT Single Family- Fannie Mae Uniform Instrument 00577 RECEIVED 12/3/2012 at 10:32 AM RECEIVING 968276 BOOK: 799 PAGE: 577 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Form 3179 2/88 Page 1 of 2 pages BORROWER(S) i H LLY 41 DENT Date: i0/0%5/. Date: 6. Nothing in this Agreement shall be understood or construed to be a satisfaction or release in whole or in part of the Note and Security Instrument. Except as otherwise specifically provided in this Agreement, the Note and Security Instrument will remain unchanged, and the Borrower and Lender will be bound by, and comply with, all of the terms and provisions thereof, as amended by this Agreement. [Space Below This Line For Acknowledgments] State of Nebraska County of Douglas Before me, a notary public in and for said county, personally appeared John A. Matuszeski, known to me to be the person who, as Vice President of Bank of the West, a California banking corporation, which executed the foregoing instrument signed the same, and that he did so sign said instrument in the name and upon behalf of said corporation as such officer; that the same is his free act and deed as such authorized thereunto by its board of directors; and that the seal affixed to said instrument is the corporate seal of said corporation. In testimony whereof, I have hereunto subscribed my name, and affixed my official seal, this 20 this :day of 0C+Db -e" 2012. State of Wyoming County of L :h In co SHELLY D DENT she) they acknowledged County, on the <2 day of C-4 b-e,r 2012, before me personally appeared to me know and known by me to be the party (or parties) executing the foregoing instrument, and (he and /or said instrument by him and or her executed to be their free act and deed. Stacy A Werner Notary Public County of Lincoln LENDER BANK OF THE WEST By: John Matuszeski e' Vice resident Manager of Mortgage Servicing Date: p/hA State of A4roming My Commission Expires O Notary Public CAROL A. GUNTER General Notary State of Nebraska My Commission Expires Apr 26, 2014 This document prepared by: Jasmine Freeman Bank of the West 13505 California St NE- BBP -02 -I Omaha, NE 68154 00578 LOAN MODIFICATION AGREEMENT Single Family- Fannie Mae Uniform Instrument Form 3179 2/88 Page 2 of 2 pages