HomeMy WebLinkAboutProperty #: C-8962 - 5/27/2014 FrC L
05/27/2014
CITY OF GLENDALE, ARIZONA
MODIFICATION TO PROMISSORY
NOTE AND DEED OF TRUST
(Agreement C-8962)
(PLEASE DO NOT REMOVE - THIS IS PART OF THE OFFICIAL DOCUMENT)
')FFICIAL RECORDS OF
,..ZICOPA COUNTY RECORDER
HELEN PURCELL
20140383866 06/12/2014 12 : 49
ELECTRONIC RECORDING
RECORDING REQUESTED BY
Lawyers Title Insurance Corporation 1813002M-3-1-1--
AND WHEN RECORDED MAIL TO: ramirezp
CITY OF GLENDALE
COMMUNITY REVITALIZATION
5850 W.GLENDALE AVENUE
SUITE#107
GLENDALF,AZ 85301
ESCROW NO.:01798988
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 27th day of May, 2014 by and between City of Glendale, as
Lender/Beneficiary and Hazel M. Tucker, as Borrowers/Trustors, under that certain Promissory Note and Deed
of Trust in the original principal sum of Eighteen Thousand Nine Hundred Dollars ($18,900.00) dated
April 17, , 2014. The Deed of Trust securing the Promissory Note was recorded in the Office of the County
Recorder of Maricopa County, State of Arizona on April 23,2014 at Instrument No. 20140260803,covering the
following described real property:
LOT (42), BRAEWOOD VERDES UNIT 1„ ACCORDING TO THE PLAT OF RECORD BOOK 171
OF MAPS,PAGE 49,RECORDS OF MARICOPA COUNTY,ARIZONA
The total unpaid principal amount of the Promissory Note as of the date hereof is Eighteen Thousand Nine
Hundred Dollars($18,900.00).
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 Twenty Three Thousand Dollars($23,000.00).
20140383866
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: •
/ t
Haze! 1 Tucker
LENDER/
BENEFICIARY: CITY OF GLENDALE
t4.
Brenda S.Fischer
City Manager
ATT- .
'
City Clerk (SEAL)
APPROVED AS TO FORM:
City Attorney
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STATE OF ARIZONA )
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County of Maricopa
The foregoing instrument was acknowledged before me this qday of_.ri,j4P 2014,by
Brenda S.Fischer,City Manager of the CITY OF GLENDALE,a municipal corporation of the State of Arizona.
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74'otary Public
OFFICIAL SEAL
My Commission Expires: %, SUMMER STEINKE
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STATE OF ARIZONA ) •_ /t.. JOHN A.CARNERO
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County of Maricopa
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The foregoing instrument was acknowledged before me this.574day of ,,...771..1,11.. ,2014 by
Hazel M.Tucker '
Not., 'ublie
My Commission Expires:
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N 1REVITALZTINFORMS1modifproinnote-deedofirust\Loan Modification doc
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