Chesapeake (C H K UTICA L L C) Mortgage on Leased Property in Portage County

I have occasionally checked the Portage County Recorder's Files online for my property, and found that C H K UTICA L L C has filed a Mortgage on a group of properties in Portage County.  What does this mean since I can't view the Mortgage online?  The document number is 201318735.

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Permalink Reply by Spo de o de on October 23, 2013 at 7:25am

That sounds plausible, I wonder how legally binding it is when the Lease Expires?   Lease is a 5 + 5 auto renewable. 

Permalink Reply by Frank Nesmith on October 23, 2013 at 3:04pm

That's all news to me. Prior to now, CHK wasn't filing mortgages on properties, but Aubrey McClendon was through Jamestown Resources with EIG. That was all blown up in the press. However, the news that Chesapeake is filing mortgages on properties is a whole new game. Please let us know what you find out. 

Deutsche Bank just gave CHK a loan not too long ago, but I had no idea that the loans were being secured with a mortgage. That could have devastating consequences to the landowner. Please keep us all posted.

Permalink Reply by Spo de o de on October 23, 2013 at 11:28am

Thanks Chip, I hope Chesapeake doesn't plan to leave a dirty trail if they should decide to allow the lease to expire.

Permalink Reply by Calla on October 23, 2013 at 11:06am

They did the same thing with all of the Mahoning County leases.  The mortgage is with Deutsche Bank Trust.

Permalink Reply by Spo de o de on October 23, 2013 at 11:27am

Thanks Calla, do you have any idea of the terms of the mortgage?  My property is very close to Mahoning County.

Permalink Reply by David Mohn on October 23, 2013 at 11:35am

same thing with my lease in Stark County

Permalink Reply by MJ on October 23, 2013 at 3:28pm

There was a post about this a couple of weeks ago or so and someone left a link to actually see all the land parcels affected by this mortage.

Permalink Reply by Calla on October 24, 2013 at 2:00am

The Trumbull County Recorder allows you to read the entire document.  Chk Utica LLC and Deutsche Bank both have lots of documents on there, I just haven't found the right one yet.

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