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201600877
<br />OF HALL, STATE OF NEBRASKA: LOT 123, BUENAVISTA SUBDIVISION, CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />In consideration of the mutual promises and agreements exchanged, the parties hereto agree as
<br />follows (notwithstanding anything to the contrary contained in the Note or Security Instrument):
<br />1. As of January 1, 2016, the amount payable under the Note and the Security Instrument (the
<br />"Unpaid Principal Balance ") is U.S. $69,414.71, consisting of the unpaid amount(s) loaned to
<br />Borrower by Lender plus any interest and other amounts capitalized, which is limited to escrows
<br />and any legal fees and related foreclosure costs that may have been accrued for work completed.
<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 yearly rate of 3.500 %, from
<br />January 1, 2016. Borrower promises to make monthly payments of principal and interest of U.S.
<br />$311.70, beginning on the 1st day of February, 2016, and continuing thereafter on the same day
<br />of each succeeding month until principal and interest are paid in full. If on January 1, 2046 (the
<br />"Maturity Date "), Borrower still owes amounts under the Note and the Security Instrument, as
<br />amended by this Agreement, 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 Borrower
<br />is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's
<br />prior written consent, Lender may require immediate payment in full of all sums secured by the
<br />Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall
<br />provide a period of not less than 30 days from the date the notice is delivered or mailed within
<br />which Borrower must pay all sums secured by the Security Instrument. If Borrower fails to pay
<br />these sums prior to the expiration of this period, Lender may invoke any remedies permitted by
<br />the Security Instrument without further notice or demand on Borrower.
<br />4. Borrower also will comply with all other covenants, agreements, and requirements of the Security
<br />Instrument, including without limitation, Borrower's covenants and agreements to make all
<br />payments of taxes, insurance premiums, assessments, escrow items, impounds, and all other
<br />payments that Borrower is obligated to make under the Security Instrument; however, the
<br />following terms and provisions are forever canceled, null and void, as of the date specified in
<br />paragraph No. 1 above:
<br />(a) all terms and provisions of the Note and Security Instrument (if any) providing for,
<br />implementing, or relating to, any change or adjustment in the rate of interest payable
<br />under the Note; and
<br />(b) all terms and provisions of any adjustable rate rider, or other instrument or document that
<br />is affixed to, wholly or partially incorporated into, or is part of, the Note or Security
<br />Instrument and that contains any such terms and provisions as those referred to in (a)
<br />above.
<br />5. If the Borrower has, since inception of this loan but prior to this Agreement, received a discharge
<br />in a Chapter 7 bankruptcy, and there having been no valid reaffirmation of the underlying debt, by
<br />entering nto this Agreement, the Lender is not attempting to re- establish any personal liabi ty for
<br />11111 11111 111111111 III III liii
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<br />HUD MOD F CATION AGREEMENT
<br />8300h 11/12
<br />(page 2 of 5)
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