HomeMy WebLinkAbout24 - Deed Type Unknown - Courtney Dresden and Jacob Martin - Lakes at Valley West - Phase 3, Lot 9 2827847
Page: 1 of 2 06/13/2024 01:10:49 PM Fee: $16.00
Erir Semerad - Gallatin County, MT MISC
IIIII IN IIII
When recorded return to:
Bozeman City Attorney's Office
PO Box 123 0
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 5575 Arnhem Way, Bozeman, Montana, on December 19,
2019, Courtney Dresden and Jacob Martin (the "Recipients") entered into a Deed Restriction
Agreement with the City of Bozeman, recorded as document No. 2625191 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 9 of the Lakes at Valley West — Phase 3 to the 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-598)
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.2625193 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 July 19, 2022, upon the Recipients sale of the above described real property, the
City received payment in the amount of $19,407.00 pursuant to the requirements of the
aforementioned Deed of Trust and Promissory Note.
2827847 Page 2 of 2 06/1 3/2024 01.10.49 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,Kh day of June, 2024.
ory S. Sullivan
Bozeman City Attorney
STATE OF MONTANA )
ss.
County of Gallatin )
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Gregory S. Sullivan, as Bozeman City Attorney and Trustee.
Notary Public for the State of Montana
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