HomeMy WebLinkAbout23 - Deed Type Unknown - Courtney Dresden and Jacob Martin - West Babcock Subdivision, Lot 9B, Block 3 When recorded return to:
Bozeman City Attorney's Office
PO Box 1231 2802437
Bozeman, MT 59771-1230 Page- 1 or 2 06I05/2023 01:57:27 PM Fee $16.00
Eric Semerad - Gallatin County, MT MISC
!111111111111111111111111111111111141111 IN FIII 1111111111111 IN IN
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 2398 West Beall Street, 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 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 913, Block 3 of the West Babcock Subdivision, a tract of land located in the NE 1/4,
Section 11, Township 2 South, Range 5 East, P.M.M., 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 of Gallatin County, Montana. [Plat J-189A]
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. 2634021 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 14,2018, promising to pay the loan referred to in the Deed Restriction
Agreement upon its maturity; and
WHEREAS,on April 19,2023. upon the Recipients sale of the above-described real property. the
City received payment in the amount of $10,000.00 pursuant to the requirements of the
aforementioned Deed of Trust and Promissory Note.
2802437 Page 2 of 2 06/05/2023 015727 PM
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 31 st day of May 202i.
Gr6g6ry S. Sullivan
Bozeman City Attorney
STATE OF MONTANA )
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County of Gallatin )
This instrument was 3AY , LJ b
acknowledged before me on thea of 20
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Gregory S. Sullivan, as Bozeman City Attorney and Trustee.
JULIE HUNTER Notary Public for the State of Mon la
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