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Home My WebLink About890265RECORDATION REQUESTED BY: First Interstate B&nk Bozeman West Main Branch 2800 West Main Street P.O. Box 1890 Bozeman, MT 5977'1-i890 WHEN RECORDED MAIL TO: First Interstale Bank Bozeman West Main Branch 28OO West Mai~ Street P.O. Box 1890 Bozeman, MT 59771-1890 SEND TAX NOTICES TO: HALF CIRCLE RANCH, L.C., A UTAH LIMITED LIABILITY COMPANY 15980 ROCKY MOUNTAIN RD BELGRADE, MT 59714-8030 BOOK, }~,~_.~ -'PR PAGE REOEIVED LIN00LN COUNTY CLERK 890265 RECEIVED LINCOLN COUNTY CLERK SPACE ABOVE THISL NE I:S FOR* RE(~)RDER-'S~USE ONLY THIS MODIFICATION OF MORTGAGE dated May 13, 2003, is made and executed between HALF CIRCLE RANCH, L.6., A UTAH LIMITED LIABILITY COMPANY, whose address is 15980 ROCKY MOUNTAIN RD, BELGRADE, MT 59714-8030. (referred to.below as "Grantor") and First Interstate Bank, whose address is 2800 West Main Street, P.O. Box 1890, Bozeman, MT 59771-1890 (referred to below as "Lender"). MORTGAGE. Lender and Grantor have entered into a Mortgage dated August 30, 2002 (the "Mortgage") which has been recorded in LINCOLN County, State of Wyoming, as follows: Recorded 10-~28~02 at 11:31am, Lincoln County, State of Wyoming, as document #885102, book 5~02. cage 87Q. REAL PROPERTY DESCRIPTION. The Mortgage covers the following described real property located in LINCOLN County, State of Wyoming: PARCEL 1: :SECTION 7 IN TOWNSHIP 28, NORTH OF RANGE 119 WEST OF THE SIXTH PRINCIPAL MERIDIAN, WYOMING, CONTAINING 640 ACRES OF LAND. PARCEL 2: SECTION 8 IN TOWNSHIP 28, NORTH OF RANGE 119 WEST OF THE SIXTH PRINCIPAL MERIDIAN, WYOMING, CONTAINING 640 ACRES. PARCEL 3: LOT 4, THE WEST HALF OF THE SOUTHWEST QUARTER, THE SOUTHEAST QUARTER AND THE EAST HALF OF THE SOUTHWEST QUARTER OF SECTION 6 IN TOWNSHIP 28 NORTH OF RANGE 119 WEST AND THE LOT THREE, THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER AND THE WEST HALF OF THE SOUTHEAST QUARTER OF SECTION 1 JN TOWNSHIP 28 NORTH OF RANGE 120 WEST OF THE SIXTH PRINCIPAL MERIDIAN, WYOMING, CONTAINING 479 ACRES AND .09 OF AN ACRE. PARCEL 4: THE SOUTH HALF OF THE SOUTHEAST QUARTER OF SECTION 31 IN TOWNSHIP 29 NORTH OF RANGE 119 WEST AND THE LOTS 12 AND 2 AND THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 1 IN TOWNSHIP 28 NORTH OF RANGE 120 WEST OF THE SIXTH PRINCIPAL MERIDIAN, WYOMING, CONTAINING 16t.76 ACRES. PARCEL 5: THE NORTHWEST QUARTER OF SECTION 31 IN TOWNSHIP 27 NORTH OF RANGE 119 WEST OF THE SIXTH PRINCIPAL MERIDIANi_W_YC)MING, CQNTAINI.NG 160 ACRES ....... PARCEL 6: LOTS 1,2,3 AND 4 AND THE SOUTH HALF OF SECTION 5, THE LOTS 3 AND 4 AND THE WEST HALF OFTHE SOUTHWEST QUARTER OF SECTION 4, LOTS 1,2 AND 3 OF SECTION 6 AND THE SOUTHWEST'QUARTER OF THE NORTHWEST QUARTER OF SECTION 9 IN TOWNSHIP 28 NORTH OF RANGE 119 WEST OF THE SIXTH PRINCIPAL MERIDIAN, WYOMING, CONTAINING 632.31 ACRES. ALL IN LINCOLN COUNTY, WYOMING TOGETHER WITH ALL W.~,TER RIGHTS THEREUNTO APPERTAINING. PARCEL 5 OF THE WYOMING PROPERTY IS THE MOUNTAIN VIEW PASTURE (160 ACRES). .. ' 'PARCELS.I,2,3,4 AND 6 OF.THE WYOMING PROPERTY COMPRISE THE GIRAFFE CREEK PASTURE (2,553 ACRES) The Real Property or its address is commonly known as VACANT LAND, WY. MODIFICATION. Lender and Grantor hereby modify the Mortgage as follows: ~The maturity date is extened from 05-15-2003 to the new date of 11-15-03. CONT'II~U NG ~&I':iDIT'~ E~;epi as'ex~:es',~'y modified ~bove the terms of the original Mortgage shall remain unchanged and in full force and effect and ~,re ega ~ val d,' b'J'nd'ing,-and enfor~e,~ble in'a'ccordance with their respective terms. Consent by Lender to this Modification does not waive Lender's right to require stricl 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 lhe changes and provisions of this Modification or otherwise will not be released by it. This waiver apphes nol 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 MAY 13, 2003. GRANTOR: ~C~2LE RANCH, L.C.A. UTAH LIMI/~ED LIABILITY COMPANY / MODIFICATION OF MORTGAGE (Continued) Page 2 LIMITED LIABILITY COMPANY ACKNOWLEDGMENT STATE OF '~O~c.~'~-,. ) .. · .~.,. (" ~ ' . On lhis 'J ~ ~ day of ~6~, 20 0 ~ , before me, the undersigned. ~y Bubl~C, personally appeared HARRY ARMSTRON6, Member of HAL~IR6LE RANCH, L.C., A UTAH LIMITED LIABILITY COMPANY, and known to me to be a member or designated agent of the limiled liability company thal executed the Modification of Modgage and acknowledged the Modification to be the free and voluntary act and deed of the limited liabilily company, by authority of slatute, its articles of organization or its operating agreement, for the uses and purposes lherein mentioned, and on oalh stated that he or she is authorized to execute Ibis Modification and in fact executed the Modification on behalf of lhe limited liability company. ~olaw Public in and for the Stale of ~ ¢'~r~_ My commission expires LENDER ACKNOWLEDGMENT STATE OF ) SS COUNTY OF O.~hi~ appeared ~,~ ~,&~ -~ f and known to me to be the Vi~J~ · ~/;~ '.. ,' authorized agent for ~e Lender that execuled the within and oregoing instrument and acknowledged said instrument to be the tree' and voluntary act and deed of the said Lender, duly authorized by the Lender lhrough its board of direclors or othe~ise, for the uses and purposes therein mentioned, and on oath stated that he or she is authorized to execute this said instrument and lhat the seal affixed is Ihe corporate seal of said Lender. NOla~ Public in and for LASER PRO Lending. vet. 5.21.20.003 Coor. Harland Financial $Olulions. Inc. 1991 2003 AI~ Rlghls Reserved - WY~MT C:~WinapDs&LPL~CFI~LPL~G201.FC TR-20002379 PR-42