HomeMy WebLinkAbout971050RECEIVED 5/17/2013 at 3:17 PM
RECEIVING 971050
BOOK: 811 PAGE: 802
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
Loan RR00706414/RR014416R4
AGREEMENT ASSUMING MORTGAGE AND REVISING INDEBTEDNESS AND
TERMS PAYMENT THEREOF (CONVENTIONAL)
This agreement, entered into this J day of ,R( 0 15 by and between Bank of the West, a Califomia
state banking corp. the undersigned "Lender," d DEBBIE SHUMAN hereinafter called "Borrower
WHEREASE, Borrower desires to purchase the following described real estate: 521 PEARL STREET, Kemmerer
and
WHEREAS, there is recorded in the Mortgage Records of Lincoln County, WYOMING in Book 732 Page 163 a
Mortgage/Deed of Trust, hereafter called the "Security Instrument" on said real estate, dated September 14, 2009 in favor of
Bank of the West, a California state banking corp.
and
WHEREAS, Borrower, as a part of the purchase price for said real estate desires to assume said Security Instrument and the
indebtedness and obligation secured thereby; and
WHEREAS, Lender has agreed to forego the exercise of its option to declare the whole amount of the present unpaid
indebtedness secured by said Security Instrument due and payable by reason of the impending change of ownership in the
above described real estate if certain hereinafter described modifications and amendments are made in the rate of interest and
terms if payment of said Security Instrument and the obligations secured thereby.
NOW, THEREFORE, for the value received and in consideration of the premises and of the mutual promises of the parties
hereto, it is mutually agreed that the Promissory note and the Security Instrument securing the payment thereof be revised and
amended in the following particulars:
This total amount of indebtedness of Borrower to Lender on account of the herein before described Note and Security
Instrument as of the date hereof including all principal and interest due is Fifty Thousand Four Hundred Two And 83/100
Dollars 50,402.83 hereinafter referred to as the "principal balance."
II.
Borrower, jointly and severally, promises to pay the Lender, or order, at any designated place, the principal amount ofFifty
Thousand Four Hundred Two And 83/100 Dollars 50,402.83 together with interest thereon at the rate of 5.000 percent
per annum, in monthly installments of Four Hundred Seventy Eight And 43/100 Dollars 478.43 beginning April 01, 2013
It is understood and agreed by the undersigned that the herein before described Security Instrument, except as amended herein,
shall constitute and remain as security for the payment of the amount due, as above set forth, and that all terms and conditions
of said Security Instrument, except as herein specifically amended, shall remain in full force and effect.
IN WITNESS WHEREOF, the undersigned have hereunto set their hands this day and year first above written.
Bank of the West, a California state banking corp.
A-Lo1
Loan Servicer
STATE OF WrAA:Gl
IPA
j )SS.
COUNTY OF 71A) �.v Z k e
Signed in my presence this
Notofy P a
State of Wyoming
County of Sweetwater
My Commission Exploits
November 03,
IL 0
00802
Borrower
Borrower
Borrower
Borrower
day of arv'e 20
14 /I
Debbie Shuman, Al Notary Public AND
CF213801(Rev 6/06)