HomeMy WebLinkAbout972114Recording Requested By and Return To:
QUICKEN LOANS INC.
SPECIAL LOANS SERVICING
1050 WOODWARD AVE.
DETROIT. MI 48226
Date: July 17, 2013
Investor: Fannie Mae MBS S/S Loan Number: 1731395210
Grantee: Heidi Despain and Jason Despain
Grantee Mailing Address: 1501 Canyon Road Kemmerer WY 83101 -4223
Quicken Loan: 3312954741
RE: Receiving: 96940 Book 804 Page 242 Recorded: 02/08/2013
Grantee Legal Description:
RECEIVED 7/19/2013 at 2:39 PM
RECEIVING 972114
BOOK: 816 PAGE: 114
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
Lot 1 of HOLLAND DRIVE ADDITION 3 FILING Lincoln County, Wyoming, as shown on
the official plat thereof filed June 4, 2008, as Receiving No. 939495, in the Office of the Clerk of
Lincoln County, Wyoming, as Plat No. 939495.
Agreement for Modification of a Mortgage Reamortization Only
The Mortgagors identified above Heidi Despain and Jason Despain, (hereinafter referred to as the
"Mortgagor does hereby apply for re- amortization of the payment provisions of the
above- referenced mortgage loan "Modification" or "Extension covering an indebtedness owing from the
Mortgagor to Fannie Mae MBS S/S (hereinafter referred to as "Mortgagee evidenced by a note (or
bond) and secured by a real property mortgage or trust deed (said note or bond and real property
mortgage or trust deed are hereinafter referred to as the "Mortgage and the Mortgagor represents and
agrees as follows:
0114
(1) Mortgagor is now the owner and holder of the real property encumbered by said Mortgage, recorded
in the public records in the County of Lincoln, State of Wyoming in document 96940 Book 804 Page 242
(2) Under the terms of said Mortgage, there remains unpaid as of the first day of the month in which this
Agreement is made, the sum of $184,435.33, for which amount the Mortgagor is indebted to the
Mortgagee under said Mortgage, which is a valid lien.
(3) Mortgagor hereby deposits with the Mortgagee, if such deposit is required by the Mortgagee, the sum
of _NA which is to be applied to the present balance due on the principal of said Mortgage
(including advances, if any), and the sum of NA which is to be applied to the
delinquent interest due on the said principal (and advances, if any), with the application of said deposited
amounts to be made as of the effective date of this Agreement. If the modification or extension is not
agreed to by Mortgagee, said deposited amounts shall be returned to Mortgagor.
(4) Mortgagor agrees the terms of said Mortgage are modified or extended relative to the payment of the
said indebtedness by providing for payment of the balance of the principal, including any unpaid interest
due thereon (after the aforementioned deposits, if any, have been applied thereto) as follows: Said total
balance of $184,435.33 is to be paid, plus interest on the unpaid balance at a rate of 3.75% per annum
(with such rate changing periodically if required by the provisions of the mortgage note), in equal monthly
installments of $860.68 (excluding the sums required to be deposited for the payment of insurance, taxes,
etc.). The first of said installments shall become due and payable on the 1st day of September 2013, and
the remaining installments, as they may be changed periodically if required by the provisions of the
mortgage note, successively on the 1 day of each and every month thereafter, until said mortgage
indebtedness is fully paid, except that, if not sooner paid, the final payment of principal and interest shall
be due and payable on the 1 day of March 2043, which ie the present or extended maturity date.
0115
(5) Mortgagor agrees to make the payments as specified in Paragraph (4) hereof and understands and
agrees that:
(a) All the rights and remedies, stipulations, and conditions contained in said Mortgage relating to default 1
in the making of payments under the Mortgage shall also apply to default in the making of said modified 01 1 6
payments hereunder.
(b) All covenants, agreements, stipulations, and conditions in said Mortgage shall be and remain in full
force and effect, except as herein modified, and none of the Mortgagor's obligations or liabilities under
said Mortgage shall be diminished or released by any provisions hereof, nor shall this Agreement in any
way impair, diminish, or affect any of the Mortgagee's rights under or remedies on the Mortgage, whether
such rights or remedies arise there under or by operation of law. Also, all rights of recourse to which the
Mortgagee is presently entitled against any property or any other persons in any way obligated for, or
liable on, the Mortgage are expressly reserved by the Mortgagee. (c) All costs and expenses incurred by
Mortgagee in connection with this Agreement, including recording fees, title examination, and attorney's
fees, shall be paid by the Mortgagor and shall be secured by said Mortgage, unless stipulated otherwise
by Mortgagee.
(d) Mortgagee agrees to make and execute such other documents or papers as may be necessary or
required to effectuate the terms and conditions of this Agreement which, if approved and accepted by
Mortgagee, shall bind and inure to the heirs, executors, administrators, and assigns of the Mortgagor.
(6) For the purposes of inducing and influencing the Mortgagee to execute this Agreement, the
undersigned Mortgagor represents of his or her own knowledge that the names of all owners or other
persons having an interest in the mortgaged property are as follows:
*ACKNOWLEDGMENT
The undersigned, being obligated for the payment of the above- described Mortgage indebtedness,
hereby consents to the execution of this Agreement between the Mortgagor therein described and the
Mortgagee, and further consents to any modification or extension of the Mortgage under said Agreement.
Heidi Despain
Jason Despain
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State of Wyoming -014-eW-. County
Witness
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Acknowledged before me in L I 1.- .c. L t5tg on
Notary /12e
County of U iod
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My commission expires IQ arDi 4 1—
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AGREED TO BY:
Quicken Loans
(Mortgag ervice
u, onzed resentative)
Kathleen Haggitt
(Date)
State of Michigan, Q�;CLL,ti \C> County
Acknowledged before me in
Kathleen Haggit
JANET N SYKES
Notary Public Michigan
Macomb County
My Commission Expires Jul 14, 2019
Acting in the County of
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Fannie Mae MBS S/S
(Mort age 4f Record)
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c-- u ri'ed ReRre ntativ
Kat een Haggiff
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(Date)
*AA A a 111 �•1 ILA 1
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kt Cl /V C J y EI G O
County, Michigan, on
Notary
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County of NV- .:r
My corrnmission expires 7 t
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Acting iin the county of LL jCk,L X\Q
Instrument prepared by: Malina Landreth, Quicken Loans Inc., 1050 Woodward Ave, Detroit, MI 48226
by
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