HomeMy WebLinkAbout23 - Release of Deed Restriction Agreement - Courtney Dresden and Jacob Martin - 2398 West Beall StreetWhen recorded returnto:
Bozeman City Attorney'sOffice
PO Box 1231
2802437
Bozeman,MT 59771-1230 (g|pgg7g7 PM Fee 00
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RELEASE OF DEED RESTRICTION AGREEMENT
City of Bozeman Affordable Housing Program
WHEREAS,in considerationof receivingfinancialsupport from the City of Bozeman for the
purchase of realpropertylocatedat2398 West BeallStreet,Bozeman,Montana,on December 14,
2018,Courtney Dresden and Jacob Martin (the "Recipients")entered into a Deed Restriction
Agreement with the City of Bozeman,recorded as Document No.2634021 of the officialrecords
of the GallatinCounty Clerk and Recorder,GallatinCounty,Montana;and
WHEREAS.the realpropertysubjectto the Deed RestrictionAgreement isdescribedas follows:
Lot 9B,Block 3 of the West Babcock Subdivision,a tractof land locatedin theNE 1/4,
Section 11,Township 2 South,Range 5 East,P.M.M.,City of Bozeman,GallatinCounty,
Montana,according to the officialplatthereofon fileand of record in the officeof the
County Clerk and Recorder of GallatinCounty,Montana.[PlatJ-l89A]
;and
WHEREAS,term of the Deed RestrictionAgreement continued untilthe repayment of allfunds
subjecttoa Deed ofTrustrecordedas Document No.2634021 oftheofficialrecordsofthe Gallatin
County Clerk and Recorder,GallatinCounty,Montana;and
WHEREAS,the City of Bozeman,as Lender,entered intoa Promissory Note with Recipientsas
Borrowers dated December 14,2018,promising topay the loan referredto intheDeed Restriction
Agreement upon itsmaturity;and
WHEREAS,on April 19,2023,upon theRecipientssaleof the above-describedrealproperty,the
City received payment in the amount of $10,000.00 pursuant to the requirements of the
aforementioned Deed of Trust and Promissory Note.
NOW THEREFORE,I,Gregory S.Sullivan,pursuanttomy authorityas cityattorneyforthe City
of Bozeman,Montana,and my authorityas Trustee under the aforementioned Deed of Trust,
declaretheDeed RestrictionAgreement and thePromissory Note tobe fullysatisfiedand no longer
of any force or effect,and thatthe restrictionsof said Deed RestrictionAgreement are hereby
terminated.
Dated this31st day of May 2023.
Grdgóry S.Sul ivan
Bozeman City Attorney
STATE OF MONTANA )
:ss.
County of Gallatin )
This instrumentwas acknowledged beforeme on the day of /J J ,20 by
Gregory S.Sullivan,as Bozeman City Attorney and Trustee.
JULlE HUNTER Notary Publicforthe Stateof Mont a
orthestat o ontana PrintedName:
°BA )Residingat:Residing in 30
SEAL ·¿Bozeman,Montana
My Commission Expires:
o o June11,2025