HomeMy WebLinkAbout886750After Recordation mail to:
Delta Employees Credit Union
P.O. Box 20541
AtLanta, GA 30320-2541
'886750
BOOK3~ i~ _PR PAGE
RECEIVED
LINCOLN COUNTY CLERK
Prepared by: Gayle Anderson
.................................. (Space Above This Line For Recording Data) ...................... ~. .... ,
LOAN MODIFICATION AGREEMENT
(Providing for Fixed Interest Rate)
LNg 284364-43
This Loan Modification Agreement ("Agreement"), made this 3rd day of
January 2003, between Louis R. Weibl ("Grantor") and DELTA EMPLOYEES
CREDIT UNION, a Georgia Corporation ("Grantee"), amends, and supplements (1) the
Mortgage, Deed of Trust or Deed to Secure Debt, or Modification Agreement (the "Security
Instrument"), dated June 29~ 2000 and recorded in Book 448, Page 353-358, (recorded
on 07/07/00) of the Real Property Records of Lincoln County, W¥omimt ,Original Loan
Amount of $20~400.00 (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
220 Lilac Drivel Thayne~ WY 83127
(Property Address)
the real property described being set forth as follows:
LOT ONE HUNDRED THIRTY-SEVEN (137) 1N STAR VALLEY RANCH PLAT FIVE
(5) AS PLATTED AND RECORDED IN THE OFFICIAL RECORDS OF LINCOLN
COUNTY, WYOMING.
MULTISTATE LOAN MODIFICATION AGREEMENT
Page I of 3
ELF-S52U (9705)
- Single Family
' Fannie Mae ~}m/~nslr~ment
Initials: aY'x d;...~L~-/
Form 3179 2/88
LN# 284364-43
In consideration of the mutual premises and agreements exchanges, the panics hereto agree as follows
(notwithstanding anything to the contrary contained in the Note or Security Instrument):
1. As of January' 3~ 2003~ the amount payable under the Note and the Security Instrument (the
"Unpaid Principal Balance") is U.S. $14,619.78 consisting of the amount(s) loaned to the
Borrower by the Lender and any interest capitalized to date.
2. The Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of the
Lender. Interest will be charged on the Unpaid Principal Balance at the yearly rate of
7.000%,.from 9.625% The Borrower promises to made semi-monthly payments of principal
and interest of U.S. $ 316.27 beginning on the 1st day of February 2003. continuing
thereafter on the same day of each succeeding month until principal and interest are paid in
full. If on July 1~ 2.0.07., (the "Maturity Date"), the Borrower still owes an amount under the
Note and the Security Instrument, as amended by this Agreement, the Borrower will pay these
amounts in full on the Maturity Date. The Borrower will made such payments at Delta
Employees Credit Union, P.O. Box 20541, Atlanta, GA 30320-2541 - or at such other place
as the Lender may require.
3. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial
interest in the Borrower is sold or transferred and the Borrower is not a natural person)
without the Lender's prior written consent, the Lender may, at its option, require immediate
payment if full of all sums secured by this Security Instrument. If the Lender exercises this
option, the Lender shall give the Borrower notice of acceleration. The notice shall provide a
period of not less than 30 days fi.om the date the notice is delivered or mailed within which
the Borrower must pay all sums secured by this Security Instrument. If the Borrower fails to
pay these sums prior to the expiration of this period, the Lender may invoke any remedies
permitted by this Security Instrument without further notice or demand on the Borrower.
4. The Borrower also will comply with all other covenants, agreements, and requirements of the
Security Instrument, including without limitation, the Borrower's covenants and agreements
to make all payments of taxes, insurance Premiums, assessments, escrow items, impounds,
and all other that the Borrower is obligated to made 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 i~terest
payable under the Note; and
Pagc 2 of 3 Initials:
LN# 284364-43
(b) All terms and provisions of any adjustable rate rider 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.
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. Except as otherwise
specifically provided in this Agreement, the Note and Security Instrument will remain
unchanged, and the Borrower and Lender will be bound by, and comply with, all of
the terms and provisions thereof, as amended by this Agreement.
Unofficial Witness~b~/ \ Louis R. Weibi Borrower
Co-Bonower
On this 3r.~d day of January 2003, before me, the subscriber, personally appeared LOUIS 1L WEIBL~ who I
am satisfied are the person(s) named in and within instrument, and thereupon acknowledged that he/she
signed, sealed and delivered the same as his/her act and deed, for the purpose therein expressed. '
Wltlless
DELT.~EMPLOYEES CREDIT UNION
/'y ,::
I z,~
Para Davis - Vice President
On this 3rd day of January 2003~ before me, the subscriber, personally appeared PA1VI DAVIS
who I am satisfied, is the person named in and who executed the within instmmenI, and thereupon
acknowledged that sh.~e signed, sealed and delivered the same as her act and deed, for the purpose
therm ~(~expressed. ,
.... ,N~..~arY ~_~blic-O 'a,~e }~nderson
· '~t. ~. ,.-. ' ,t.e
.t.... ,. ? ~,. '-... NOTARY PUBLIC, CI.AYI'ON COUN~ GEOROIA
"-7.~!?~. My Comml~lon Expires Mamh 15. ~.005
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