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HomeMy WebLinkAbout907340 RECEIVED 3/30/2005 at 10:10 AM RECEIVING # 907340 BOOK: 581 PAGE: 781 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY MODIFICATION OF PROMISSORy NOTE #111312 AND MORTGAGE BORROWER Bill Cooney Regina Cooney 5381 Forest Ridge Drive Clarkston, MI 48346 LENDER The Bank of Jackson Hole 990 W. Broadway P.O. Box 7000 Jackson, Wy 83002 Address of Real Property: 561 Cedar Creek Drive, Thayne, WY THIS MODIFICATION OF PROMISSORY NOTE AND MORTGAGE, dated the 17th day of March, 2005, is executed by and between Borrower and Lender identified above. A. On October 12, 2004, Lender made a loan ("Loan #111312") to Borrower evidenced by Borrower's promissory note ("Not~") payable to Lender in the original principal amount of $130,000.00, which Note was secured by a- Mortgage executed by mortgagor for the benefit of Lender covering the real property'described on Schedule A below and recorded as Document No. 903912 Filing date October .19t 2004 in Book 570 at page 337 in Lincoln County, WY and all Modifications of record. The Note and Mortgage and any other related documents are hereafter cumulatively referred to as the "Loan Documents." B. The parties have agreed to Modify the Note and it is necessary to provide for a similar Modification of Mortgage. The parties agree as follows: 1. The parties acknowledge and agree the current principal balance of the loan is $129,921.00. 2. The parties acknowledge and agree to increase the amount of the loan by $20,000.00, to a total of $150,000.00. 3. Borrower'agrees to pay a recording fee of $11.00 at the time of this modification. 4. Mortgagor represents and warrants that Mortgagor owns the property free and clear of any liens or encumbrances other than the liens described on Schedule B Below. 5. Except as expressly modified 'herein, all terms and conditions of the Loan DocUments shall remain in full force and effect. The parties hereby adopt, ratify and confirm these terms and conditions as modified. 6. Mortgag0.r 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 44, Star Valley Ranch Plat 16, according to that plat of record in the office of County Clerk, Lincoln County, Wyoming. SCHEDULE B None BORROWER Bill Cooney / Regl~ Cooney -~ ................................ Acknowledgment State of ~~) )SS County of ~) This instrument was acknowledged before me this~/~day of ~Wc~_O~ , 2005 by Bill & Regina Cooney. Witness' my hand and official seal. %-' "~i~: ~;~., ~l~i~n.jexpires: 3-~--~ SANDRA GALE Notary Public, O~land 'My Commission Expires Mar. ConsluYmeL~ ~Loa~nt i~ f fi'cer . Corporate Acknowledgment State of Wyoming ) County of ) )SS On the day of , 2005, the foregoing instrument was acknowledged before me by Sally L. Martin, who being by me duly sworn, did depose and say that he is the Consumer Loan Officer of The Bank of Jackson Hole , the corporation described herein and which executed the foregoing; that he/she 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/she signed his name thereto by like order. Witness my hand and official seal. "- NOTARY PUBLIC My commission expires: