|
DEED OF TRUST MODIFICATION AGREEMENT
<br />(Variable Rate to Fixed)
<br />THIS DEED OF TRUST MODIFICATION AGREEMENT made and executed this
<br />a
<br />day of FEBRUARY, 2001, by and between CRAIG A LEWIS ANDBARBARA M
<br />LEWIS, 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 NINETY ONE THOUSAND FIVE HUNDRED AND
<br />NO /100 , Dollars ($91,500.00);
<br />WHEREAS, the Note described above was secured by a Deed of Trust with Adjustable
<br />Rate Rider dated NOVEMBER 22, 1989, filed of record in the Office of the Hall County
<br />Register of Deeds on NOVEMBER 29, 1989 as Document No. 89- 106466 in respect to that
<br />real estate described as:
<br />LOTS NINE (9) AND TEN (10) IN BLOCK FOUR (4) IN ASHTON PLACE, AN
<br />ADDITION TO THE CITY OF GRAND 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, 2007,
<br />notwithstanding any other date of maturity which may have been specified in the Deed of Trust
<br />hereinabove identified.
<br />M
<br />=
<br />T
<br />o --i
<br />o`ry
<br />7C
<br />M
<br />p
<br />_.
<br />X I
<br />c� r� Y
<br />F�
<br />O
<br />p l3..
<br />41
<br />p
<br />~=
<br />Al
<br />�.
<br />O
<br />�.
<br />C7
<br />rn L..
<br />�� R i
<br />y, c�
<br />O
<br />!
<br />°t
<br />can
<br />4
<br />O
<br />CD
<br />co
<br />DEED OF TRUST MODIFICATION AGREEMENT
<br />(Variable Rate to Fixed)
<br />THIS DEED OF TRUST MODIFICATION AGREEMENT made and executed this
<br />a
<br />day of FEBRUARY, 2001, by and between CRAIG A LEWIS ANDBARBARA M
<br />LEWIS, 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 NINETY ONE THOUSAND FIVE HUNDRED AND
<br />NO /100 , Dollars ($91,500.00);
<br />WHEREAS, the Note described above was secured by a Deed of Trust with Adjustable
<br />Rate Rider dated NOVEMBER 22, 1989, filed of record in the Office of the Hall County
<br />Register of Deeds on NOVEMBER 29, 1989 as Document No. 89- 106466 in respect to that
<br />real estate described as:
<br />LOTS NINE (9) AND TEN (10) IN BLOCK FOUR (4) IN ASHTON PLACE, AN
<br />ADDITION TO THE CITY OF GRAND 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, 2007,
<br />notwithstanding any other date of maturity which may have been specified in the Deed of Trust
<br />hereinabove identified.
<br />
|