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n c <br />C r= V t� C-) <br />t cn <br />CD <br />A In <br />cm --r M <br />-t o <br />�C c7 r O &�A <br />C> -rl <br />CD <br />n. <br />C-7 <br />CD fa, <br />o Z3 r z^ <br />Cn a r CD CD <br />N CD <br />C-0 Cz <br />`00100964 <br />DEED OF TRUST MODIFICATION AGREEMENT <br />(Variable Rate to Fixed) <br />THIS DEED OF TRUST MODIFICATION AGREEMENT made and executed this <br />/ day of FEBRUARY, 2001, by and between MARIO LAZALDE AND JAZMIN <br />LAZALDE, husband and wife , hereinafter referred to as "Borrower ", and HOME FEDERAL <br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as <br />"lender ", <br />WITNESSETH: <br />WHEREAS, Borrower did execute a certain Adjustable Rate Note payable to the order of <br />the Lender in the total original amount of FIFTY SEVEN THOUSAND AND NO/ 100 , Dollars <br />($57,000.00); <br />WHEREAS, the Note described above was secured by a Deed of Trust with Adjustable <br />Rate Rider dated AUGUST 30, 1996, filed of record in the Office of the Hall County <br />Register of Deeds on SEPTEMBER 4, 1996 as Document No. 96- 106962 in respect to that <br />real estate described as: <br />LOT ONE HUNDRED NINETY -NINE (199) AND THE SOUTH HALF (S 1/2) OF LOT <br />TWO HUNDRED (200), IN BELMONT ADDITION TO THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA <br />WHEREAS, Borrower has requested that interest be converted to a fixed rate rather than <br />the variable rate specified by such Deed of Trust with Adjustable Rate Rider and that the stated <br />maturity date be also hereby modified; <br />WHEREAS, Lender is willing to convert such variable rate loan into a fixed rate loan to <br />be secured by such Deed of Trust with Adjustable Rate Rider and modify the existing maturity <br />date; <br />WHEREAS, Borrower and Lender hereby desire to amend the existing Deed of Trust <br />with Adjustable Rate Rider identified hereinabove to provide that it shall continue to secure the <br />presently remaining indebtedness from and after the date hereinafter specified together with a <br />fixed rate of interest rather than a variable rate as originally set forth in such Adjustable Rate <br />Rider; <br />NOW, THEREFORE, it is agreed: <br />1. Interest Rate and Maturity Modification. Commencing effective MARCH 1 <br />2001, the indebtedness secured by the Deed of Trust with Adjustable Rate Rider hereinabove <br />identified shall accrue interest at a fixed rate of Seven percent (7 %) throughout the remaining <br />term of such indebtedness and, notwithstanding the provisions contained in the Adjustable Rate <br />Rider, there shall be no further adjustments to such interest rate. The final maturity of such <br />indebtedness as modified, secured by such Deed of Trust shall be FEBRUARY 1, 201 1. <br />notwithstanding any other date of maturity which may have been specified in the Deed of Trust <br />hereinabove identified. <br />if <br />