HomeMy WebLinkAbout898436BORROWER
Wind River Herbs, Inc.
A Wyoming Corporation
P.O. Box 3637
Alpine, WY 83128
RF£~EIVED
MODIFICATION OF
:- · ,'~ ~,~ur~Y CLERK
NOTE NO. 108352 AND MORTGAGE'
,~,, I1:03
The Bank of Jackson Hole
990 W. Broadway
P.O. Box 7000
Jackson, WY g3002
Address of Real Property:
Lot 12 of Swimming Pool View
Subdivision, Alpine, WY 83128
THIS MODIFICATION OF PROMISSORY NOTE # 108352 AND
MORTGAGE, dated the 5th. day of April~ 2004, is executed by and between Borrower
and Lender identified above.
A. On December 15~ 2003, Lender made one loan to .Borrower evidenced by
Borrower's promissory note payable to Lender in the original principal amount of Eighty
Nine Thousand Two Hundred Ninety Three and 21/100 ($89,293.11), which Note was
secured by a mortgage executed by Borrower for the benefit of Lender covering the real
property described on Schedule A below and recorded as Document No.896008, filing
date December 17~ 2003 of Book 544 at Page 181 in the records of Lincoln County,
Wyoming. The Note and Mortgage and any other related docmnents are hereafter
cumulatively referred to as the "Loan Docmnents."
B. The parties have agreed to modify the name on the Note, and it is necessary to
provide for a similar modification on the Mortgage. The parties agree as follows:
· The name on the Note and Mortgage is currently Wind River Herbs, Inc.,
which will be changed to Judy Hennessy, an Individual.
· The parties acknowledge and agree that, as of April 5, 2004 the unpaid due
under the Note was $88,262.12, and the accrued and unpaid interest on that date
was $345.31. This loan will continue to have monthly principal and interest
payments of $733.44 to be adjusted armually. The next paytnent is due on
4/15/04.
· The rate will remain the same at Chase Mm~attan Prime plus 1.25% to be
adjusted annually with a floor of 5.50%, next adjustment date will be December
15, 2004.
C, Mortgagor represents and ~varrants that Borrower owns the property free and
clear of any liens or encumbrances other than the liens described on Schedule B Below.
D. Except as expressly modified herein, all terms and conditions of the Loan
Documents, Modifications and extensions shall remain in full force and effect. The
partieS hereby adopt, ratify and confirm these terms and conditions as modified.
E. Mortgagor agrees to execute any additional documents which may be required
by Lender to carry out the intention of this Agreement. As of'the date of this Agreement,
there are no claims, defenses, setoffs or counterclaims of any nature which may be
asserted against Lender by any of the undersigned.
SCHEDULE A
Lot 2, of Swimming Pool View Subdivision, Lincoln Coumy, Wyoming according to that
Plat Recorded November 19, 2003, as Plat No. 396F.
LENDER
Bank of JackS.9.r~Hole
· harles D. West
Senior Vice President
SCHEDULE B
NONE
BORROWER:
Wind River Herbs, Inc.
STATE OF Wyoming ) .
) ss
COUNTY OF Teton )
Corporate AcknoWledgmen_t
Jud H?;~Jehe ~r_v _day of j~z~,o/.~ _, before me personally appeared
~ to me personally~lcnown, who being by me duly sworn, did say that she
is the President of Wind River Herbs, Inc and that said instt'ument was signed on
behalf of said corporation by authority of its Board of Directors and said J__~_u~
acknowledged said instrument to be the free act m~d deed of said corporation.
Giv¢.,Cxu~c{hand and notarial seal this 9?
~.. day of April A.D. 2004.
NB~ary Public
My Comnfission expires: ~
Individual Acknowled~men3
STATE oF Wyoming )'
)SS.
County of Teton )
The foregoing instrument was acknowledged before me by Judy Hennessys_, this
d ay o f _ ~/J:}/o Y~ -
W~fficial seal.
My commission expires:
STATE OF Wyoming )
)ss
COUNTY OF Teton )
_Corporate Acknowledg!B_6/~
570
- ' ' -((-- ' foregoing instrmnent was
acknowl e efor tie me duly sworn, did depose
and say that he is the SENIOR VICE PRESIDENT of BANK OF JACKSON HOLE,
the corporation described herein and which executed the foregoing; that he knows the
seal of said corporation; that the seal affixed to the foregoing is such corporate seal; that
it was so affixed by order of the Board of Directors of said corporation, and that he
signed his name thereto by like order.
WITNESS my hand and official seal,
My commission expires: ow~/,/- w.~..,~