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HomeMy WebLinkAbout972934J MORTGAGOR: DID, LLC, A Wyoming Limited Liability Company 15 Cedar Creek Road Freedom, WY 83120 DID, LLC, Wyoming Real Estate Modification W Y /4X PTOLMA N 000000000008650140701 13 N RECEIVED 8/28/2013 at 11:39 AM RECEIVING 972934 BOOK: 818 PAGE: 871 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY DATE AND PARTIES. The date of this Real Estate Modification (Modification) is April 29, 2013. The parties and their addresses are: DID, LLC, A Wyoming Limited Liability Company LENDER: THE BANK OF STAR VALLEY Organized and existing under the laws of Wyoming 384 Washington P.O. Box 8007 Afton, WY 83110 1, BACKGROUND. Mortgagor and Lender entered into a security instrument dated April 29, 2013 and recorded on May 17, 2013 (Security Instrument). The Security Instrument was recorded in the records of Lincoln County, Wyoming at Book 811, Page 715 and covered the following described Property: See Exhibit "A" attached hereto and made a part hereof The property is located in Lincoln County at 101352 US Hwy 89, Thayne, Wyoming 83127. 2. MODIFICATION. For value received, Mortgagor and Lender agree to modify the Security Instrument as provided for in this Modification. The Security Instrument is modified as follows: A. Secured Debt, The secured debt provision of the Security Instrument is modified to read: 1III01INS IIINII�III IIllWuIIVIfIIIU UINI ITVVIIIIII,III Space Above This Line For Recording Data MODIFICATION OF MORTGAGE 0871 Wolters Kluwer Financial Services ©1996, 2013 Bankers SystemsTM Page 1 (1) Secured Debts and Future Advances. The term "Secured Debts" includes and this Security Instrument will secure each of the following: (a) Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and replacements. A promissory note or other agreement, No. 01703816, dated April 29, 2013, from Mortgagor to Lender, with a maximum credit limit of $40,000,00. (b) Future Advances. All future advances from Lender to Mortgagor under the Specific Debts executed by Mortgagor in favor of Lender after this Security Instrument. If more than one person signs this Security Instrument, each agrees that this Security Instrument will secure all future advances that are given to Mortgagor either individually or with others who may not sign this Security Instrument. All future advances are secured by this Security Instrument even though all or part may not yet be advanced. All future advances are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future advances in any amount. Any such commitment must be agreed to in a separate writing. In the event that Lender fails to provide any required notice of the right of rescission, Lender waives any subsequent security interest in the Mortgagor's principal dwelling that is created by this Security Instrument. This Modification will not secure any other debt if Lender fails, with respect to that other debt, to fulfill any necessary requirements or limitations of Sections 19(a), 32, or 35 of Regulation Z, (c) Sums Advanced, All sums advanced and expenses incurred by Lender under the terms of this Security Instrument. 3. CONTINUATION OF TERMS. Except as specifically amended in this Modification, all of the terms of the Security Instrument shall remain in full force and effect, SIGNATURES. By signing, Mortgagor agrees to the terms and covenants contained Mortgagor also acknowle. •;eceipt of a copy of this Modification. MORTGAGO DID, LL LENDER: By Derk Izatt, Managing Member BY h/aznet- t Dana Eric Izatt, Vice Man The Bank Of Star Valley By Seth Jenkins, Vice President MD, LLC, Wyoming Beal Estate Modification WY/ 4 XPTOLMAN00000000000665014070113N ng Member IIIII p copmNIIIIIIIIIIIIIIIIIIIIpIVIIIIIIIInlllIIIIIIIIIIIIIII Wolters Kluwer Financial Services i'i996, 2013 Bankers Systems'N 0872 in this Modification. Page 2 ACKNOWLEDGMENT OF H ad i sav\ ss. 15tY day of iU 'etkt, OF I A 3 °U." This instrument was acknowledged before me this Derk Izatt and Dana Eric Izatt as Managing Member and My commission expires: Ll J. l5 BRENDA D. HOLLIST NOTARY PUBLIC STATE OF IDAHO (L nder Acknowledgme t) OF This instrument was ackno ledg before me this Seth Jenkins as Vice President of The Bank Of Star V My commission expires: 3:27- 3 DID, LLC, Wyoming Real Estate Modification WY/ 4XPTOLMANO000000 i1 Iplii IIIINIIIgpinpIIIIIpIIIIIIVIIIpnlIIINH illIMIIII Vice Managing Member of /ID, LLC,. (Notary Public) OF L i (irt 0l`7 day of alley. (Notary Public) IA Y 6'ue =Ti OF WYOMING IVIY COMM S`4OPN EXPIRES MARC,' 13, 2014 Wolters Kluwer Financial Services ©1996, 2013 Bankers SystemsTM' 2015 0 by by Page EXHIBIT "A" That part of the SE' SW/. of Section 11, T34N RII9W, Lincoln County, Wyoming, it being the intent to more correctly describe that tract of record in the Office of the Clerk of Lincoln County in Book 360PR on page 1005, as follows: BEGINNING at the intersection of the south line of said SE and the easterly right-of-way line of U.S. Highway 89, N89 °50'06 "E, 10.92 feet from the southwest corner of said SE%.SW%; thence N89 °50'06 "E, 338.91 feet, along said south line, to a pipe; thence N01 °06'44 "W, 198.03 feet to a point; thence S89 °50'06 "W, 337.06 feet, along a line parallel with said south line, to a point on said easterly right -of -way line; thence S00 °34'33 "E, 198.01 feet, along said right -of -way line to the POINT OF BEGINNING. 0874