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<br />This Loan Modification Agreement ( "Agreement "). Made this... 7th " day of. ........ February ..............................
<br />2001. between ..................Sherri L. Braun, a single person ............ ( "Borrower ") and... Commercial Federal Mortgage
<br />Corporation ......................................... ..............................( "Lender "). amends and supplements (1) the Mortgage Deed
<br />of Trust or l7ecct-m Secure r�ebt tide bcCUfl[y iTiSii:.ii:'.ii, ) iu7wu .....:a,.., 3,., 119,96 ........... ap.l r'-Corded in rict(1_Cr _,] er
<br />... 96- 104959 ................................... ............................... at page(s) .. .......................... of the -
<br />..................... Official ......................... Records of ..............Hall County, Nebraska ........................
<br />[Name of Records] [County and State or other Jurisdiction]
<br />and (2) the Note bearing the same date as and secured by, the Security Instrument, which covers the real and personal property
<br />described in the Security Instrument and defined therein as the "Property", located at ......... ...............................
<br />......... ...115 West 14`h Street, Grand Island, Nebraska 68801 ........... ...............................
<br />[Property Address]
<br />the real property described being set forth as follows:
<br />Lot three (3), in block seventy -one (71), in Wheeler and Bennett's second addition to the city of Grand
<br />Island, Hall County, Nebraska.
<br />In consideration of the mutual promises and agreements exchanged, the parties hereto agree as follows (notwithstanding
<br />anything to the contrary contained in the Note or Security Instrument):
<br />1. As of... March 1, 2001........, the amount payable under the Note and the Security Instrument (the "Unpaid
<br />Principal Balance ") is U.S. $twenty -seven thousand seven hundred seventy -six dollars and eighty -one cents;
<br />($27,776.81)........, consisting of the amount(s) loaned to the Borrower by the Lender and any interest capitalized to
<br />date.
<br />2. The Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of the Lender. Interest will be
<br />charged on the Unpaid Principal Balance at the yearly rate of ...8.875....% from ...March 1, 2001... The Borrower
<br />promises to make monthly payments of principal and interest of U.S. $...230.73 .............. beginning on the
<br />...1st............ day of ... April .............................. 2001..... and continuing thereafter on the same day of each
<br />succeeding month until principal and interest are paid in full. If on ...March 1, 2026 . ............................... (the
<br />"Maturity Date "), the Borrower still owes amounts under the Note and the Security Instrument as amended by this
<br />Agreement, the Borrower will pay these amounts in full on the Maturity Date.
<br />The Borrower will make such payments at ......... P.O. Box 1103 Omaha, NE 68101- 1103 .. ...............................
<br />or at such other place as the Lender may require.
<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 Borrower is
<br />sold or transferred and the Borrower is not a natural person) without the Lender's prior written consent, the Lender may,
<br />at its option, require immediate payment in full of all sums secured by this Security Instrument.
<br />If the Lender exercises this option, the Lender shall give the Borrower notice of acceleration. The notice shall provide a
<br />period of not less than 30 days from the date the notice is delivered or mailed within which the Borrower must pay all
<br />sums secured by this Security Instrument. If the Borrower fails to pay these sums prior to the expiration of this period,
<br />the Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on the
<br />Borrower.
<br />4. The Borrower also will comply with all other covenants, agreements, and requirements of the Security Instrument,
<br />including without limitation, the Borrower's covenants and agreements to make all payments of taxes, insurance
<br />premiums, assessments, escrow items, impounds, and all other payments that the Borrower is obligated to make under
<br />the Seenrity Instrument: however, the following terms and provisions are forever canceled, null and void, as of the date
<br />specified in paragraph No. I above: - -
<br />(a) all terms and provisions of the Note and Security Instrument (if any) providing for, implementing, or relating to, any
<br />change or adjustment in the rate of interest payable under the Note; and
<br />(b) all terms and provisions of any adjustable rate rider or other instrument or document that is affixed to, wholly or
<br />partially incorporated into, or is part of, the Note or Security Instrument and that contains any such terms and
<br />provisions as those referred to in (a) above.
<br />LOAN MODIFICATION AGREEMENT- Single Family- Fannie Mae Uniform Instrument Form 3179 2/88
<br />(page I of 2 pages)
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<br />LOAN MODIFICATION AGREEMENT
<br />(Providing for Fixed Interest Rate)
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<br />This Loan Modification Agreement ( "Agreement "). Made this... 7th " day of. ........ February ..............................
<br />2001. between ..................Sherri L. Braun, a single person ............ ( "Borrower ") and... Commercial Federal Mortgage
<br />Corporation ......................................... ..............................( "Lender "). amends and supplements (1) the Mortgage Deed
<br />of Trust or l7ecct-m Secure r�ebt tide bcCUfl[y iTiSii:.ii:'.ii, ) iu7wu .....:a,.., 3,., 119,96 ........... ap.l r'-Corded in rict(1_Cr _,] er
<br />... 96- 104959 ................................... ............................... at page(s) .. .......................... of the -
<br />..................... Official ......................... Records of ..............Hall County, Nebraska ........................
<br />[Name of Records] [County and State or other Jurisdiction]
<br />and (2) the Note bearing the same date as and secured by, the Security Instrument, which covers the real and personal property
<br />described in the Security Instrument and defined therein as the "Property", located at ......... ...............................
<br />......... ...115 West 14`h Street, Grand Island, Nebraska 68801 ........... ...............................
<br />[Property Address]
<br />the real property described being set forth as follows:
<br />Lot three (3), in block seventy -one (71), in Wheeler and Bennett's second addition to the city of Grand
<br />Island, Hall County, Nebraska.
<br />In consideration of the mutual promises and agreements exchanged, the parties hereto agree as follows (notwithstanding
<br />anything to the contrary contained in the Note or Security Instrument):
<br />1. As of... March 1, 2001........, the amount payable under the Note and the Security Instrument (the "Unpaid
<br />Principal Balance ") is U.S. $twenty -seven thousand seven hundred seventy -six dollars and eighty -one cents;
<br />($27,776.81)........, consisting of the amount(s) loaned to the Borrower by the Lender and any interest capitalized to
<br />date.
<br />2. The Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of the Lender. Interest will be
<br />charged on the Unpaid Principal Balance at the yearly rate of ...8.875....% from ...March 1, 2001... The Borrower
<br />promises to make monthly payments of principal and interest of U.S. $...230.73 .............. beginning on the
<br />...1st............ day of ... April .............................. 2001..... and continuing thereafter on the same day of each
<br />succeeding month until principal and interest are paid in full. If on ...March 1, 2026 . ............................... (the
<br />"Maturity Date "), the Borrower still owes amounts under the Note and the Security Instrument as amended by this
<br />Agreement, the Borrower will pay these amounts in full on the Maturity Date.
<br />The Borrower will make such payments at ......... P.O. Box 1103 Omaha, NE 68101- 1103 .. ...............................
<br />or at such other place as the Lender may require.
<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 Borrower is
<br />sold or transferred and the Borrower is not a natural person) without the Lender's prior written consent, the Lender may,
<br />at its option, require immediate payment in full of all sums secured by this Security Instrument.
<br />If the Lender exercises this option, the Lender shall give the Borrower notice of acceleration. The notice shall provide a
<br />period of not less than 30 days from the date the notice is delivered or mailed within which the Borrower must pay all
<br />sums secured by this Security Instrument. If the Borrower fails to pay these sums prior to the expiration of this period,
<br />the Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on the
<br />Borrower.
<br />4. The Borrower also will comply with all other covenants, agreements, and requirements of the Security Instrument,
<br />including without limitation, the Borrower's covenants and agreements to make all payments of taxes, insurance
<br />premiums, assessments, escrow items, impounds, and all other payments that the Borrower is obligated to make under
<br />the Seenrity Instrument: however, the following terms and provisions are forever canceled, null and void, as of the date
<br />specified in paragraph No. I above: - -
<br />(a) all terms and provisions of the Note and Security Instrument (if any) providing for, implementing, or relating to, any
<br />change or adjustment in the rate of interest payable under the Note; and
<br />(b) all terms and provisions of any adjustable rate rider or other instrument or document that is affixed to, wholly or
<br />partially incorporated into, or is part of, the Note or Security Instrument and that contains any such terms and
<br />provisions as those referred to in (a) above.
<br />LOAN MODIFICATION AGREEMENT- Single Family- Fannie Mae Uniform Instrument Form 3179 2/88
<br />(page I of 2 pages)
<br />
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