HomeMy WebLinkAboutProperty #: C-9150 - 8/8/2014 C-9150
CITY CLERK 08/08/2014
ISI iN I
CITY OF GLENDALE, ARIZONA
MODIFICATION TO PROMISSORY
NOTE AND DEED OF TRUST
(Agreement C-9150)
(PLEASE DO NOT REMOVE - THIS IS PART OF THE OFFICIAL DOCUMENT)
RECORDING REQUESTED BY
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.: 01806518-423-T80
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 US.C. §5301 et seq. and/or in the Home Investment Partnership Act under 42
US. 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 8th day of August, 2014 by and between City of Glendale, as
Lender/Beneficiary and Juanita J. Tilghman , as Borrowers/Trustors, under that certain Promissory Note and
Deed of Trust in the original principal sum of Forty Thousand Eight Hundred Dollars ($40,800.00) dated
July 8, 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 July 16, 2014 at Instrument No. 20140467267, covering the following
described real property:
LOT SIX HUNDRED SEVENTEEN (617) OF WEST PLAZA 25, PER MAP RECORDED IN BOOK
123,PAGE 30 OF MAPS,IN THE OFFICE OF THE MARICOPA COUNTY RECORDER.
The total unpaid principal amount of the Promissory Note as of the date hereof is Forty Thousand Eight
Hundred Dollars($40,800.00).
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 Forty Seven Thousand Dollars ($47,000.00).
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: 7 %` ;/
aorta J.Tilghman,/
LENDER/
BENEFICIARY: CITY OF GLENDALE
By i }
Brenda S.Fischer
City Manager
ATTEST:
fi
City Clerk (S L)
APPROVED AS TO FORM:
City Attorne V
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STATE OF ARIZONA )
) ss.
County of Maricopa )
The foregoing instrument was acknowledged before me this i l'i day of iiILUIU St- ,2014,by
Brenda S.Fischer,City Manager of the CITY OF GLENDALE z a municipal corporation of the State of Arizona.
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....,
=.„,, ULLER i Notary Public
ate of AruonaMy Commission Expires: COUNTY�y�,3D f� Jj� / wn Exp,res
V VV C�VL� iI ( U61�,2015tl
, , ,
STATE OF ARIZONA ) F, JOHN A. GARNER()) ss. , ,� Notary Public-State of Arizona
1., t MARICOPA COUNTY
County of Maricopa ) •,a: • My Commission Expires April 11,2018
The foregoing instrument was acknowledged before me this // day of /4)6 as p- ,2014 by
Juanita J. Tilghman
tary Public
My Commission Expires.
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N\REVITALZ\FINFORMS\modifpromnote-deedoftrust\Loan Modification doc
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