HomeMy WebLinkAbout889561RECORDATION REQUESTED BY:
First Bank of Idaho, fsb, dba First Bank Advisors
Jackson Office
170 E. Broadway
P.O. 8o~ 12860~ .. ~
Jack ~ ~";;;'""~'~'~;'~"~ '~:~'~'~";'"~-"~'~-~"~":"~""
First B~nk of~lda~;'~, dba"Fit~t Bank
Jackson Office ' ~ -~.-~ ..... · ,..?.~ ~,.. ~
P.O. Box 12860
Jackson, WY 83002
SEND TAX NOTICES TO:
First Bank of Idaho, fsb, dba First Bank Advisors
Jackson Office
170 E. Broadway
P.O. Box 12860
Jackson, WY 83002
RECEIVED
LINCOLN COUNTY CLERK
889561
209
BOOK. PR PAGE
SPACE ABOVE THIS LINE IS FOR RECORDER's USE ONLY
MODIFICATION OF MORTGAGE
THIS MODIFICATION OF MORTGAGE dated April 18, 2003, is made and executed between DIAMONDBACK, LLC,
a Wyoming limited liability company (referred to below as "Grantor") and First Bank of Idaho, fsb, dba First Bank
Advisors, whose address is 170 E. Broadway, P.O. Box 12860, Jackson, WY 83002 (referred to below as
"Lender").
MORTGAGE. Lender and Grantor have entered into a Mortgage dated September 9, 2002 (the "Mortgage") which has been recorded in Lincoln
County, State of Wyoming, as follows:
Recorded September 19, 2002, Instrument No. 884191.~ 4/~¢//~'¢'~<'~¢'5'
MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows:
Increase loan amount by $23,000.00. The current outstanding principal balance is $138,767.57. This increase will make the new
outstanding principal balance $161,767.57. lhe payment schedule will be reamortized based on the new outstanding principal balance
which will change the monthly payment from 0828.1'5 per month for 20 months beginning 05/0fl/03 and $736.87 per month for 324
months beginning 10/09/05 to $962.49 per month for 29 months and $8§6.39 per month for 324 months. There wilt be a $144.00
Endorsement Fee to the Title Company and $11..00 for the recording fee for the Modification of Mortgage. All other terms and conditions
remain the same.
CONTINUING VALIDIIY. Except as expressly modified above, the terms of the original Mortgage shall remain unchanged and in full force and
effect and are legally valid, binding, and enforceable in accordance with their respective terms. Consent by Lender to this Modification does not
waive Lender's right to require strict performance of the Mortgage as changed above nor obligate Lender to make any future modifications.
Nothing in this Modification shall constitute a satisfaction of the promissory note or other credit agreement secured by the Mortgage (the
"Note"). It is the intention· of Lender to retain as liable all parties to the Mortgage and all parties, makers and endorsers to the·Note, including
accommodation parties, unless a party is expressly released by Lender in writing. Any maker or endorser, including accommodation makers,
shall not be released by virtue of this Modification. If any person who signed the original Mortgage does not sign this Modification, then all
persons signing below acknowledge that this Modification is given conditionally, based on the representation to Lender that the non-signing
person consents to the changes and provisions of this Modification or otherwise will not be released by it. This waiver applies not only to any
initial extension or modification, but also to all such subsequent actions.
GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MODIFICATION OF MORTGAGE AND GRANTOR AGREES TO ITS
TERMS. THIS MODIFICATION OF MORTGAGE IS DATED APRIL 18, 2003.
GRANTOR:
DIAMONDJ)A~')LIMITE~F LIABILITY CQ~ANY
~y t ia /'Enkelst~d; Me~er o,~ u~ondback
[Umit., L].b,itV Comp..V ~
LENDER:
Authorized Signer
/esn Ne: 49400422B
MODIFICATION OF MORTGAGE
(Continued)
Page 2
LIMITED LIABILITYCOMPANY ACKNOWLEDGMENT
STATE OF % ISS I
On this )~ /~ :/
day of i~ , 20 ~ , before me, the undersigned Notary Public, personally
appeared Cynthia Engelstad, ~ember of DiamOndback Limited Liability Company, and knownto me to be a member or designated agent of the
limited liability company that exec~t~:d t~e Modification of Mortgage and acknowledged the Modification to be the free and voluntary act and
deed of the limited liability company;' by authority of statute, its articles of organization or its operating agreement, for the uses and purposes
therein mentioned, and on oath stated that he or she is authorized to execute this Modification and in fact executed the Modification on behalf
of the limited liability compaq~ ~
Notary Public in and for the State of ~ ~O.,,:~ My commission expires ~- -~
LENDER ACKNOWLEDGMENT
STATE OF
COUNTY OF
)
)SS
)
On this day of , 20 , before me, the undersigned Notary Public, personally
appeared and known to me to be the
authorized agent for the Lender that executed the within and foregoing instrument and acknowledged said instrument to be the free and
voluntary act and deed of the said Lender, duly authorized by the Lender through its board of directors or otherwise, for the uses and purposes
therein mentioned, and on oath stated that he or she is authorized to execute this said instrument and that the seal affixed is the corporate seal
of said Lender.
By
Notary Public in and for the State of
Residing at
My commission expires