HomeMy WebLinkAboutProperty #: C-8731 - 12/12/2013 C-8731
RECORDING REQUESTED BY 12/12/2013
Lawyers Title Insurance Corporation
AND WHEN RECORDED MAIL TO:
CITY OF GLENDALE
COMMUNITY REVITALIZATION
5850 W. GLENDALE AVENUE
SUITE#107
GLENDALE,AZ 85301
ESCROW NO.: 01783153
SPACE ABOVE THIS LINE FOR RECORDER'S
USE
Modification to Promissory Note and Deed of Trust
Notice• Undersigned Borrower/Trustor is participating in federal programs pursuant
to 42 U.S.C. §5301 et seq. and/or in the Home Investment Partnership Act under 42
U.S. C. §12701 et seq. In accordance with applicable federal law, the City of
Glendale acts as the "pass-through agency"for the distribution of these federal funds.
This Modification to Promissory Note and/or Deed of Trust is structured to be compli-
ant with the above-referenced federal laws, regulations, and guidelines.
THIS AGREEMENT, made this 12th day of December, 2013 by and between City of Glendale, as
Lender/Beneficiary and Robert E. Keegan Jr., as Borrowers/Trustors, under that certain Promissory Note and
Deed of Trust in the original principal sum of One Hundred Thousand Dollars ($100,000.00) dated July 17,
2013. The Deed of Trust securing the Promissory Note was recorded in the Office of the County Recorder of
Maricopa County, State of Arizona on July 23, 2013 at Instrument No. 20130670643, covering the following
described real property:
LOT 376, GRANADA ESTATES UNIT FIVE, ACCORDING TO THE PLAT OF RECORD IN THE
OFFICE OF THE COUNTY RECORDER OF MARICOPA COUNTY, ARIZONA, RECORDED IN
BOOK 130 OF MAPS,PAGE 39.
The total unpaid principal amount of the Promissory Note as of the date hereof is One Hundred Thousand
Dollars($100,000.00).
Lender/Beneficiary and Borrower/Trustor desire to modify the terms of the Promissory Note and Deed of Trust as
follows: increase the principal sum to One Hundred Three Thousand Seven Hundred Forty Six Dollars and
Sixteen Cents ($103,746.16).
IT IS UNDERSTOOD AND AGREED that all other terms and conditions of the Promissory Note and/or Deed of
Trust, including modifications prior to the date hereof, if any, shall remain in full force and effect without change.
This document shall be attached to the original Promissory Note referred to above and by this reference made a
part thereof. To the extent this document modifies the Deed of Trust, it will also be recorded with the above re-
ferenced County Recorder. Time is of the essence of this modification of the Promissory Note and/or Deed of
Trust.
BORROWER/
TRUSTOR: I�C✓} ���ti� �
Robert E. Keegan Jr.
LENDER/
BENEFICIARY: CITY OF GLENDALE
By f
4/
Brenda S Fischer
City Manager
ATTEST:
City ' ` (SEAL)
APPROVED AS TO FORM:
Page 2 of 3
STATE OF ARIZONA )
) ss.
County of Maricopa )
b f
The foregoing instrument was acknowledged before me this I Q day ofJ ,201 ,by
Brenda S.Fischer,City Managerpcorporation of the CITY OF GLENDALE a muni i'al e State of Arizona.
ekk
Notary Public
ALICIA MULLER
My Commission Expires:
(4)
-sofaraona My Commission Expires
��U i I O1 November 14,2015
STATE OF ARIZONA )
) ss.
County of Maricopa )
/� 4
The foregoing instrument was acknowledged before me this l day of -4ilt)144J ,201/by
Robert E. Keegan Jr. /
ROBERT E.ESSV
4+ Notary State of Woesw
MARICOPA COUNTY !otary Public
My Commisston Expires
September 27,2015
My Commission Expires:
7 /7 fs
N\REVITALZ\FINFORMS\modifpromnote-deedoftrust\Loan Modification doc
Page 3 of 3
OFFICIAL RECORDS OF
MARICOPA COUNTY RECORDER
HELEN PURCELL
ELECTRONIC RECORDING
Recorded by: 20140022238,01/13/2014 11.46,
MODKEEGAN-4-1-1--,N
City Clerk's Office -
City of Glendale
5850 W. Glendale Avenue
Glendale,Arizona 85301
CAPTION HEADING: MODIFICATION TO PROMISSORY NOTE AND DEED
OF TRUST
Between THE CITY OF GLENDALE,
An Arizona Municipal Corporation
and
Robert E. Keegan Jr.
(C-8731)
This document is being recorded to modify the Deed of Trust and Promissory Note:
The Deed of Trust securing the Promissory Note was recorded in the Office of the
County Recorder of Maricopa County, State of Arizona on July 23,2013 with
instrument number 20130670643.
(PLEASE DO NOT REMOVE.THIS IS PART OF THE OFFICIAL DOCUMENT)