Loading...
HomeMy WebLinkAbout9713383(° RECORDATION REQUESTED BY: First Interstate Bank Jackson Main Branch 842 West Broadway P. 0. Box 11095 Jackson, WY 83002 -1095 WHEN RECORDED MAIL TO: First Interstate Bank Jackson Main Branch 842 West Broadway P. 0. Box 11095 Jackson, WY 83002 -1095 MODIFICATION OF MORTGAGE THIS MODIFICATION OF MORTGAGE dated June 5, 2013, is made and executed between George Todd Smith and Abbey Lee Smith, Husband and Wife, whose address is 94 Appaloosa Trail, Etna, WY 83118 (referred to below as "Grantor and First Interstate Bank, whose address is 842 West Broadway, P. 0. Box 11095, Jackson, WY 83002 -1095 (referred to below as "Lender MORTGAGE. Lender and Grantor have entered into a Mortgage dated March 7, 2008 (the "Mortgage which has been recorded in Lincoln County, State of Wyoming, as follows: Recorded on March 20, 2008 in the Lincoln County Clerks Office in Book 689, Page 754, as Document Number 937671. REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in Lincoln County, State of Wyoming: See Exhibit A, which is attached to this Modification and made a part of this Modification as if fully set forth herein. The Real Property or its address is commonly known as 94 Appaloosa Trail, Etna, WY 83118. The Real Property tax identification number is 12- 3619- 34 -1 -00- 017.00. MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows: Modification of Mortgage to extend Maturity Date from June 7, 2013 to June 7, 2043. Interest rate has been changed from Wall Street Journal Prime Daily to Wall Street Journal Prime Daily 1.00% with an interest rate floor of 4.99% as reflected in new Home Equity Advanceline Credit Agreement and Disclosure dated June 5, 2013. 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 all 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 JUNE 5, 2013. GRANTOR: FIRST INTERSTATE BANK Patti Pattersonn, AVP eal Estate Lender 03 First Interstate Bank 001.3 7 RECEIVED 6/6/2013 at 2:13 PM RECEIVING 971338 BOOK: 813 PAGE: 137 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY State of 1,...)4 County of T. This instrument was acknowledged before me on Co- (date) by George Todd Smith and Abbey Lee Smith. State of County of PATTI B. PATTERSON NOTARY PUBLIC MY COMMISSION EXPIRES JUNE 7 2016 'Anil el 6.- Jr This instrument was acknowledged before me on 1 PHY1:1..111T,C1-1E1-1 NOTARY PURL IC J !Aft (31 TE.ToN 1 ,,,i ,,APIO MI N G m ,,(.)Ii i.:xplic. MODIFICATION OF MORTGAGE (Continued) Page 2 INDIVIDUAL ACKNOWLEDGMENT LENDER ACKNOWLEDGMENT (Notarial Signature e or (date) by My commission expires: (Notarial Si UULS ,13-Zi 1 t, F( ..CA1/4 V_.( 51 Fr 6 )U'L My commission expires: Q6 LASER PRO Lending, Ver. 13.1.0.004 Copr. Harland Financial Solutions, Inc. 1997, 2013. All Rights Reserved. WY C:\SoftwarelaserPro\Prosuite\CFI\LPL\G201.FC TR-102324 PR-684 Exhibit A 00139 The land referred to in this document is situated in the State of Wyoming, County of Lincoln, and is described as follows: That part of the Northeast Quarter of the Northeast Quarter of Section 34, Township 36 North Range 119 West, Lincoln County, Wyoming, being part of that tract of record in the Office of the Clerk of Lincoln County in Book 606 of Photostatic Records on page 497, described as follows: BEGINNING at the southeast point of Lot 1 of Caribou Flats Subdivision, of record in said Office as Plat No. 251 -A, on the westerly right -of -way line of U.S. Highway 89, South 62 36'17" West, 56.46 feet, of the northeast corner of said Northeast Quarter of the Northeast Quarter; thence South 00 °02'34" West, 648.70 feet, along said right-of-way line, to a spike; thence South 89 °48'22" West, 442.29 feet, to a point; thence South 00 °11'38" East, 75.00 feet, to a point; thence South 89 °48'22" West, 838.99 feet, to a point on the west line of said Northeast Quarter of the Northeast Quarter; thence North 00 °18'49" East, 733.40 feet, to a point on the south line of said Plat No. 251 -A; thence South 89 45'37" East, 1277.50 feet, along said south line, to the POINT OF BEGINNING.