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Home My WebLink About976949 976949 6/9/2014 11:20 AM LINCOLN COUNTY FEES: $18.00 PAGE 1 OF 3 s: BOOK: 833 PAGE: 678 MTG, MODIFICATION OF JEANNE WAGNER, LINCOLN COUNTY CLERK Prepared by (and return tot: $111 IIII 111 IIIII II II 1 III 111111Illl 11111 111111111 1111 I1 III 11111111 Sue Summers Bank of the West NE- BBP -02 -I PO Box 727 Omaha, NE 68101 (800) 545 -8180 [Space Above This Line For Recording Data] LOAN MODIFICATION AGREEMENT (Providing for Fixed Interest Rate) This Loan Modification Agreement "Agreement made this 20 day of March, 2014, between ALLEN D BONNETT ("Borrower") And MARY J BONNETT "Coborrower and Bank of the West "Lender amends and supplements (1) the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument and Timely Payment Rewards Rider, if any, dated September 22, 2006 and recorded 9/26/2006 in Book 634 Page 887 Lincoln County, WY [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 64 SCRUB OAK DR, STAR VALLEY RANCH, WY 83127 (Property Address) the real property described being set forth as follows: LOT 97, STAR VALLEY RANCH, PLAT 5,AS PLATTED AND RECORDED IN THE OFFICIAL RECORDS OF LINCOLN COUNTY, WYOMING. 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 April 1, 2014, the amount payable under the Note and the Security Instrument (the "Unpaid Principal Balance is U.S. two hundred eighteen thousand three hundred thirty -one and 11 /100 ($218,331.11), consisting of the unpaid amount(s) loaned to Borrower by Lender plus any interest and other amounts capitalized. 2. Borrower promises to pay the Unpaid Principal Balance. plus interest, to the order of Lender. Interest will be charged on the Unpaid Principal Balance at the yearly rate of 4.375 from April 1, 2014. Borrower promises to make monthly payments of principal and interest of U.S. $1,049.97, beginning on the 01 day of May, 2014, and continuing thereafter on the same day of each succeeding month until principal and interest are paid in full. The yearly rate of 4.375% will remain in effect until principal and interest are paid in full. If on October I. 2046 (the "Maturity Date Borrower still owes amounts under the Note and the Security Instrument, as amended by this Agreement, Borrower will pay these amounts in full on the Maturity Date. 3. If all or any part of the Property or any interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by the Security Instrument. LOAN NIODIFICATION AGREEMENT— Single Family— Fannie Mae UNIFORM INSTRUMENT Form 3179 1/01 (rev. 06/12) (page 1 of3) If Lender exercises this option, Lender shall give 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 Borrower must pay all sums secured by the Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by the Security Instrument without further notice or demand on Borrower. 4. Borrower also will comply with all other covenants, agreements, and requirements of the Security Instrument, including without limitation, Borrower's covenants and agreements to make all payments of taxes, insurance premiums, assessments, escrow items, impounds, and all other payments that 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. 1 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, including, where applicable, the Timely Payment Rewards rate reduction, as described in paragraph 1 of the Timely Payment Rewards Addendum to Note and paragraph A.1. of the Timely Payment Rewards Rider. By executing this Agreement, Borrower waives any Timely Payment Rewards rate reduction to which Borrower may have otherwise been entitled; and (b) all terms and provisions of any adjustable rate rider, or Timely Payment Rewards Rider, where applicable, 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. 5. Borrower understands and agrees that: (a) All the rights and remedies, stipulations. and conditions contained in the Security Instrument relating to default in the making of payments under the Security Instrument shall also apply to default in the making of the modified payments hereunder. (b) All covenants, agreements. stipulations, and conditions in the Note and Security Instrument shall be and remain in full force and effect, except as herein modified. and none of the Borrower's obligations or liabilities under the Note and Security Instrument shall be diminished or released by any provisions hereof, nor shall this Agreement in any way impair, diminish, or affect any of Lender's rights under or remedies on the Note and Security Instrument, whether such rights or remedies arise thereunder or by operation of law. Also, all rights of recourse to which Lender is presently entitled against any property or any other persons in any way obligated for, or liable on, the Note and Security Instrument are expressly reserved by Lender. (c) 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. (d) All costs and expenses incurred by Lender in connection with this Agreement, including recording fees, title examination, and attorney's fees. shall be paid by the Borrower and shall be secured by the Security Instrument, unless stipulated otherwise by Lender. (e) Borrower 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 Lender, shall bind and inure to the heirs. executors, administrators, and assigns of the Borrower. LOAN MODIFICATION AGREEMENT— Single Family— Fannie Mae UNIFORM INSTRUMENT Form 3179 1/01 (rev. 06/12) (page 2 of 3) BORROWER(S) (Seal) 141414 4 14- 9 BANK OF THE WEST LENDER ALLEN D BONNETT DATE By: 4, i i.a /PI —IS"-/ d1 n A. Matuszeski 0111111M/� j MA i s ONNETT DATE V ice President O rH Manager of Mortgage Servicing -L o ckP OR Q .m 2V N 1 Date of Lende s Sign tire' DEC. 20 o 1978 Q 47' /F09% STATE OF i (��it YV #11811111111��`\ U )SS. COUNTY OF L A N C,O r' On 4 k1 i before me, at) ``'t L,/ $4 /3TC r C� personally eared ALLEN D BONNETT AND MARY B �T p pp J Oi NETT who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his/her /their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s). or the entity upon which the person(s) acted, executed the instrument. I (Seal) c..-> Ste` Notary Public STATE OF NEBRASKA SS: COUNTY OF DOU On r b 1 p vq. before me the undersigned, a Notary Public, personally came John A. Matuszeski, Vice Presid nt of Bank of the West, a California banking corporation, to me personally known to be the identical r r p p person whose name, as such officer, is subscribed to the foregoing instrument, and acknowledged the said instrument to be the voluntary act and deed of said Bank in said offic'al capacity voluntarily done and uted. (Seal) Notary Public CAROL A. GUNTER This document prepared by 1 General Notary Sue Summers 1 State of Nebraska Bank of the West NE- BBP -02 -I 1 My Commission Expires Apr 26, 2014 13505 California Street o Omaha, NE 68101 LOAN MODIFICATION AGREEMENT— Single Family— Fannie Mae UNIFORM INSTRUMENT Form 3179 1 /01 (rev. 06/12) (page 3 of 3)