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. 201208549
<br /> IIIIIIIIIIIIIIIIIIIIII THOMSON
<br /> 45826801 NE p��/�CORDED,XETUXNTO:
<br /> FIRST RMERICRN ELS FTRSTANIERICANMORTG.AGESE&VICES
<br /> MODIFICfiTION RGREEMENT IIOOSUPEXIORAVEIViJF,SUITE200
<br /> ���������������������������������������������������������� �Tlp ALRECORDL'VG¢
<br /> THE EAST HALF(E1/2) OF LOTS TWO (2) AND FOUR (4), IN BLOCK 7'VVENTY SEVEN (27), IN
<br /> GILBERT'S THIRD ADDITION TO THE CITY OF GRAND ISLAND,HALL COUNTY,NEBRASKA.
<br /> In consideration of the mutual promises and agreements exchanged, the parties hereto agree as follows
<br /> (notwithstanding anything to the contrary contained in[he Note or Security Ins[rument):
<br /> 1. As of,MAY 1,2012 the amount payable under the Note and che Security Instrument(the"Unpaid Principal
<br /> Balance") is U.S. $64,211.24, consisting of the amou�t(s) loaned to Borrower by Lender, plus capitalized .
<br /> interest in the amount of U.S. $6,757.05 and other amounu capitalized, which is limited to escrows and any
<br /> legal fees and related foreclosure costs that may have been accrued for work completed. �
<br /> 2. Borrower promises [o pay the Unpaid Principal Balance, plus interest, to the order of Lender Interest will
<br /> 6e charged on the Unpaid Principal Balance at the yearly rate of 4.3750%, from MAY 1, 2012. The
<br /> Borrower promises to make monthly payments of principal and interest of U.S. $320.6Q beginning on the
<br /> 1ST day of dUNE, 2012, and continuing thereafter on the same day of each succeeding month until
<br /> principal and interest are paid in full. If on MAY 1, 2042 (the "Maturiry Da[e"), the Borrower still owes
<br /> amounts under the Note and the Security lnstrument, as amended by [his Agreemen[, Borrower will pay
<br /> these amounts i�ful]on the Maturity Date.
<br /> 3. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in the
<br /> Borrower is sold or transferzed and the Boaower is not a natural person) without the Lender s prior written
<br /> consent,the Lender may require immediate payment in full of all sums secured by this Security Inshument.
<br /> If the Lender exercises this option, the Lender shall give the Borrower no[ice of acceleratioa The notice
<br /> shall provide a period of not less than 30 days from the date the notice is delivered ar mailed within which ''.
<br /> the Borrower must pay all sums secured by this Security Instrument. If the Borrower fails to pay these sums �',
<br /> prior to the expirauon of this period, the Lender may invoke any remedies permitted by this Security ',
<br /> Instmment without furrher notice or demand on the Borrower. - '��
<br /> 4. The Borrower also will comply with all other covenants, agreements, and requirements of the Security I�
<br /> Instmmen[, including wi[hou[limitation, the Borrower's covenants and agreemen[s to make all payments of
<br /> taxes,insurance premiums,assessments, escrow items, impounds, and all other payments that the Borrower
<br /> is obligated[o make under[he Secivity lnstrumen[;however,the following terms and provisions are forever
<br /> cancelled,null and void,as of the date specified in Paragraph No. I above:
<br /> (a) all terrus and provisions of the Note and Security Instrument(if any) providing for, implementing, or
<br /> relating to,any change or adjustrnent in the rate of interest payable u�der the Note;and
<br /> (b) all terms and provisions of any adjnstable rate rider,or other instrument or document that is affixed
<br /> �� to, wholly or partially incorporated into, or is part of, the Note or Security Instrument and that
<br /> contains any such terms and provisions as[hose referred to in(a)above.
<br /> S. lf the Borrower has,siuce inception of this loan but prior to this Agreement,received a discharge in a
<br /> Chapter 7 bankruptcy, and there having been no valid reaffirmatioo aT the underlyiog de6t, by �
<br /> entering inta this Agreement, the Lender is not attempung to re-establish any personal liability for
<br /> the underlying debt ,
<br /> 6. Nothing in this Agreement shall be understood or wnstrued to be a satisfaction or release in whole or in
<br /> part of the Note and Security Instrument. Except as otherwise specifically provided in this Agreement,the
<br /> HUD Modifica[ionAgfeeme�t 01242012_45 9902421044
<br /> Firs[Amencan Mortgage Services Page 2
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