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2�120447�
<br />201203�64
<br />Loan No.: 5535224
<br />the real property described being set forth as follows: SUBDIVISION
<br />LOT FIVE (5), HLOCK TWO (2), IlVIl'ERIAL VII.LAGE�F-TO TI� CITY OF GRAND ISLAND,
<br />NEBRASKA.
<br />TAX ID: 400047276
<br />In consideration of the mutual promises and agreements exchanged, the parties hereto agree as follows
<br />(notwithstanding anything to the contrary contained in the Note or Security Instrument):
<br />1. As of February 1 st, 2012 , the amount payable under the Note and the Security Instrument
<br />(the "Unpaid Principal Balance") is U.S. $ 114,339.00 , consisting of the unpaid amount(s) loaned to
<br />Borrower by Lender plus any interest and other amounts capitalized.
<br />2. Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of Lender.
<br />Interest will be charged on the Unpaid Principal Balance at the yeazly rate of 4.250 %, from
<br />February 1 st, 2012 . Borrower promises to make monthly payments of principal and interest of
<br />U.S. $ 562.48 , beginning on the 1 st day of March , 2012 , and continuing thereafter on
<br />the same day of each succeeding month until principal and interest are paid in full. The yearly rate of 4.250 %
<br />will remain in effect until principal and interest are paid in fu1L If on February 1 st, 2042 ,(the "Maturity
<br />Date"), Borrower still owes amounts under the Note and the Security Instrument, as amended by this Agreement,
<br />Borrower will pay these amounts in full on the Maturity Date.
<br />3. If all or any part of the Property or any interest in the Property is sold or transferred (or if
<br />Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior
<br />written consent, Lender may require immediate payment in full of all sums secured by the Security Instrumen�
<br />If Lender exercises this option, Lender sha11 give Borrower notice of acceleration. The notice
<br />shall provide a period of not less than 30 days from the date the notice is delivered or mailed within wbich Borrower
<br />must pay all sums secured by the Security Instrument. If Borrower fails to pay these sums prior to the expiration of
<br />this period, Lender may invoke any remedies permitted by the Security Instrument without further notice or demand
<br />on Borrower.
<br />4. Borrower also will comply with all other covenants, agreements, and requirements of the Security
<br />Inshvment, including without limitation, the Borrower's covena.nts and agreements to make all payments of taxes,
<br />insurance premiums, assessments, escrow items, impounds, and all other payments that Borrower is obligated to
<br />make under the Security Insirument; however, the following terms and provisions are forever canceled, null and
<br />void, as of the specified date in para.graph No. 1 above:
<br />(a) all terms and provisions of the Note and Security Instrument (if any) providing for, implementing,
<br />or relating to, any change or adjustment in the raxe of interest payable under the Note, including, where applicable,
<br />the Timely Payment Rewards rate reduction, as described in pazagraph 1 of the Timely Payment Rewazds
<br />Addendum to Note and para.graph A.1. of the Timely Payment Rewards Rider. By executing t3us Agreement,
<br />Borrower waives any Timely Payment Rewazds rate reduction to which Bonower ma.y have otherwise been entitled;
<br />and
<br />(b) all terms and provisions of any adjustable rate rider, or Timely Payment Rewards Rider, where
<br />applicable, or other instrument or document that is affixed to, wholly or partially incorporated into, or is part of, the
<br />Note or Security Instrument and that contains any such terms and provisions as those referred to in (a) above.
<br />NEBRASKA LOAN MODIFICATION AGREEMENT Page 2 of 7
<br />(F'NMA ModiBed Form 31791/Ol (rev.10/10))
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