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HomeMy WebLinkAbout23 - Release of Deed Restriction and Full Reconveyance - Jarod A. Breitstein - Deed of Trust Lot 8, Block 5 of West Winds Subdiv 2811301 Page: 1 of 2 09/18/2023 03:38:02 PM Fee: $16.00 Eric Semerad - Gallatin County, MT MISC 111111 IN 11111111111111111111111111 II 11111111 IN PLATTED )�I When recorded return to: Bozeman City Attorney's Office PO Box 1231 Bozeman, MT 59771-1230 RELEASE OF DEED RESTRICTION AGREEMENT City of Bozeman Affordable Housing Program WHEREAS, in consideration of receiving financial support from the City of Bozeman for the purchase of real property located at 3195 Mistral Way,Bozeman,Montana,on December 19,2019, Jarod A. Breitstein (the "Recipients") entered into a Deed Restriction Agreement with the City of Bozeman, recorded as document No. 2669584 of the official records of the Gallatin County Clerk and Recorder, Gallatin County, Montana; and WHEREAS, the real property subject to the Deed Restriction Agreement is described as follows: Lot 8 in Block 5 of West Winds SW Subdivision P.U.D., City of Bozeman, Gallatin County, Montana, according to the official plat thereof on file and of record in the office of the County Clerk and Recorder, Gallatin County, Montana. [JU-640] WEST WINDS SW SUB, S 02, T 02 S R 05 E, BLOCK 5 LOT 8 ACRES 0.08538, PLAT J-640 and WHEREAS, term of the Deed Restriction Agreement continued until the repayment of all funds subject to a Deed of Trust recorded as Document No.2669584 of the official records of the Gallatin County Clerk and Recorder, Gallatin County, Montana; and WHEREAS, the City of Bozeman, as Lender, entered into a Promissory Note with Recipients as Borrowers dated December 19,2019, promising to pay the loan referred to in the Deed Restriction Agreement upon its maturity; and WHEREAS, on March 30, 2023, upon the Recipients sale of the above described real property, the City received payment in the amount of $52,378.00 pursuant to the requirements of the aforementioned Deed of Trust and Promissory Note. NOW THEREFORE, I, Gregory S. Sullivan, pursuant to my authority as city attorney for the City of Bozeman, Montana, and my authority as Trustee under the aforementioned Deed of Trust, declare the Deed Restriction Agreement and the Promissory Note to be fully satisfied and no longer of any force or effect, and that the restrictions of said Deed Restriction Agreement are hereby terminated. Dated this 18th day of September, 2023. 1 Grego S. Sullivan Bozeman City Attorney STATE OF MONTANA ) ss. County of Gallatin ) This instrument was acknowledged before me on the IV` day of +ymjg,� , 20 2,by Gregory S. Sullivan, as Bozeman City Attorney and Trustee. sZ�� 014i( Notary Public for the State of Montana Pri d Name: (SEAL) Residing in My Corn xpires: LLEC ' MICHELLE CHAPEL Notary Public �.'\AO for the State of Montana Residing at: ;1P .SEAL.�Q; Bozeman, Montana 9oF off? My Commission Expires: !!„ > April 21,2025 LL 2811302 Page: 1 of 2 09/18/2023 03:38:02 PM Fee: $16.00 Eric Semerad - Gallatin County, MT REL I I�IIIII IIIIII III IIII IIIIIII IIIIII IIII IIII IIII'I II IIIII IIII'll Iil III IIII IIII When recorded return to: Bozeman City Attorney's Office PO Box 1231 Bozeman, MT 59771-1230 FULL RECONVEYANCE I, Gregory S. Sullivan, Bozeman City Attorney, pursuant to my authority as Trustee under that certain Deed of Trust executed by Jarod A. Breitstein, as Grantors, and the City of Bozeman, as Lender and Beneficiary, recorded as Document No. 2669584 of the official records of the Gallatin County Clerk and Recorder, Gallatin County, Montana, hereby declare all indebtedness secured by said Deed of Trust has been fully paid and satisfied and having Lender and Beneficiary state to me that all sums and obligations secured by said Deed of Trust have been paid and having the Lender and Beneficiary surrender the Deed of Trust and note to me for cancellation, do hereby cancel said note and reconvey,without warranty, to the persons legally entitled therefore,the trust property now held by me as Trustee under said Deed of Trust covering real property situated in Gallatin County, Montana described as follows: Lot 8 in Block 5 of West Winds SW Subdivision P.U.D., City of Bozeman, Gallatin County, Montana, according to the official plat thereof on file and of record in the office of the County Clerk and Recorder, Gallatin County, Montana. [JU-640] WEST WINDS SW SUB, S 02, T 02 S R 05 E, BLOCK 5 LOT 8 ACRES 0.08538, PLAT J-640 Dated this 18th day of September, 2023. GregQ S. Sullivan Bozeman City Attorney Trustee STATE OF MONTANA ) ss. County of Gallatin ) This instrument was acknowledged before me on the day of 20 by Gregory S. Sullivan, as Bozeman City Attorney and Trustee. Not Public for the State of Montana Prin ed Name: (SEAL) Residi My Com on Expires: C��.,, MICHELLE CHAPEL v��� •U,; Notary Public �p rnRrq4 t for the State of Montana —— Residing at: * SEAL Bozeman, Montana 9��oF• P' My Commission Expires: I I I I