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HomeMy WebLinkAbout977909MORTGAGOR: HOUT FENCING OF WYOMING INC A Wyoming Corporation PO BOX 13 WORLAND, WY 82401 Vested as: Hout Fencing of Wyoming, Inc. SEE EXHIBIT 'A' Parcel ID Number: 21161520702900 HOUT FENCING OF WYOMING INC .Wyoming Real Estate Modification WY /4XXXTMAYA00000000000675015N 977909 8/11/2014 10:33 AM LINCOLN COUNTY FEES: $24.00 PAGE 1 OF 5 BOOK: 837 PAGE: 503 MTG, MODIFICATION OF JEANNE WAGNER, LINCOLN COUNTY CLERK 1111111110111111111111111111111 11111111111111111111111111 Space Above This Line For Recording Data MOD FICAT'ON OF MORTGAGE 1111111110111111 DATE AND PARTIES. The date of this Real Estate Modification (Modification) is August 17, 2012. The parties and their addresses are: LENDER: SECURITY STATE BANK Organized and existing under the laws of Wyoming 201 S 4th St PO Box 531 Basin, WY 82410 1. BACKGROUND. Mortgagor and Lender entered into a security instrument dated August 17, 2012 and recorded on August 30, 2012 (Security Instrument). The Security Instrument was recorded in the records of Lincoln County, Wyoming at Receiving No. 966531, Book 792, Page 735 and covered the following described Property: The property is located in Lincoln County at 1012 SUBLETTE DR, KEMMERER, Wyoming 83101. 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: Initi Wolters Kluwer Financial Services ©1996, 2014 Bankers SystemsTu 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. 21260040, dated January 13, 2012, from HOUT FENCING OF WYOMING INC to Lender, with a maximum credit limit of $989,955.00 and maturing on February 15, 2015. A promissory note or other agreement, No. 25369140 dated September 30, 2013, from HOUT FENCING OF WYOMING INC to Lender, with a modified loan amount of $1,834,845.84 and maturing on July 11, 2019. (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 conform to any limitations of Regulations Z and X that are required for loans secured by the Property. (c) All Debts. All present and future debts from Mortgagor to Lender, even if this Security Instrument is not specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a commitment to make additional or future loans or advances. Any such commitment must be in 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 Security Instrument will not secure any debt for which a non- possessory, non purchase money security interest is created in "household goods" in connection with a "consumer loan," as those terms are defined by federal law governing unfair and deceptive credit practices. This Security Instrument will not secure any debt for which a security interest is created in "margin stock" and Lender does not obtain a "statement of purpose," as defined and required by federal law governing securities. This Modification will not secure any other debt if Lender fails, with respect to that other debt, to fulfill any necessary requirements or conform to any limitations of Regulations Z and X that are required for loans secured by the Property. (d) 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. HOUT FENCING OF WYOMING INC Wyoming Real Estate Modification WY /4XXXTMAYA00000000000675015N Wolters Kluwer Financial Services ©1996, 2014 Bankers Systeme Page 2 SIGNATURES. By signing, Mortgagor agrees to the terms and covenants contained in this Modification. Mortgagor also acknowledges receipt of a copy of this Modification. MORTGAGOR: HOUT LENDER: OF OMIN By DAVE OUT, President Security State Bank INC. By Ron•D Bcyd, CEO /CFO ACKNOWLEDGMENT. STATE OF WYOMING, COUNTY OF BIG HORN ss. This instrument was acknowledged before me this 28th day of July 2014 by DAVE HOUT as President of HOUT FENCING OF WYOMING INC. My commission expires: (Notary Public) TAMMY D. MAYA COUNTY OF STATE OF WASIiAKIE WYOMING azpigf.SAEPTEDA BER 28, 2015 NOTARY PUBLIC HOUT FENCING OF WYOMING INC Wyoming Real Estate Modification WY /4XXXTMAYA00000000000675015N [nit Is Wolters Kluwer Financial Services °1996, 2014 Bankers SystemsTM age 3 (Lender Acknowledgment) STATE OF WYOMING, COUNTY OF BIG HORN ss. This instrument was acknowledged before me this 28th day of July 2014 by Ron D Boyd as CEO /CFO of Security State Bank. 71 My commission expires: 0 2h TAMMY D. MAYA NOTA Y U LC COUNTY OF /k STATE OF WASHAKIE WYOMING MY COMMISSION EXPIRES SEPTEMBER 28, 2015 HOUT FENCING OF WYOMING INC Wyoming Real Estate Modification WY /4XXXTMAYA00000000000675015N (Notary PU`bilic) Initial Wolters Kluwer Financial Services °1996, 2014 Bankers Systeme age 4 z D'jt Exhibit `A° Lot 28 in the Kemmerer Industrial Park No. 1, located in the City of Kemmerer, Lincoln County, Wyoming, filed September 4, 1980 as Instrument No. 545087 in the office of"the Lincoln County Clerk.