201601185 - Laserfiche WebLink

Browse

WHEN RECORDED MAIL TO: v NEBRASKA BANK OF COMMERCE 6000 Village Drive Lincoln, NE 68516 I1 no en 3:11 tn MODIFICATION OF DEED OF TRUST THIS MODIFICATION OF DEED OF TRUST dated February 24, 2016, is made and executed between JoEI Investment Group, LLC; a Nebraska limited liability company ( "Trustor ") and Nebraska Bank of Commerce, whose address is 6000 Village Drive, Suite 100, Lincoln, NE 68516 ( "Lender "). DEED OF TRUST. Lender and Trustor have entered into a Deed of Trust dated August 24, 2015 (the "Deed of Trust ") which has been recorded in Hall County, State of Nebraska, as follows: Recorded 9 -11 -15 as Instrument #201506212, as amended by that certain Modification of Deed of Trust, recorded October 7, 2015 as Instrument No. 201506902. REAL PROPERTY DESCRIPTION. The Deed of Trust covers the following described real property located in Hall County, State of Nebraska: Lots 22 end 23,- Meadowlark West Third Subdivision in the City of Grand Island, Hall County, Nebraska The Real Property` o ``its atfdYess Is commonly known as 1212 and 1230 Allen Dr, Grand Island, NE 68803. The Real Property t, jd GBt dill b } s'x00396467 and 400396459. MODIFICATION. Lender and Trustor hereby modify the Deed of Trust as follows: Principal Increase to $2,048,000.00. CONTINUING VALIDITY. Except as expressly modified above, the terms of the original Deed of Trust shall remain unchanged and in full force and effect. Consent by Lender to this Modification does not waive Lender's right to require strict performance of the Deed of Trust as changed above nor obligate Lender to make any future modifications. Nothing in this Modification shall constitute a satisfaction of the promissory note or other credit agreement secured by the Deed of Trust (the "Note "). It is the intention of Lender to retain as liable all parties to the Deed of Trust and all parties, makers and endorsers to the Note, including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or endorser, including accommodation makers, shall not be released by virtue of this Modification. If any person who signed the original Deed of Trust does not sign this Modification, then all persons signing below acknowledge that this Modification is given conditionally, based on the representation to Lender that the non - signing person consents to the changes and provisions of this Modification or otherwise will not be released by it. This waiver applies not only to any initial extension or modification, but also to all such subsequent actions. COUNTERPARTS. This document may be executed in any number of counterparts, each of which shall be deemed to be an original, as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. This document shall become binding when one or more counterparts hereof, individually, or taken together, shall bear the signature of all the parties reflected hereon as the signatories. TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MODIFICATION OF DEED OF TRUST AND TRUSTOR AGREES TO ITS TERMS. THIS MODIFICATION OF DEED OF TRUST IS DATED FEBRUARY 24, 2016. THIS MODIFICATION IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS MODIFICATION IS AND SHALL CONSTITUTE AND HAVE THE EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW. TRUSTOR: • +li J.k j t "PI Jcitr1IIfrESTM N GROUP, LLC By: X PI (rON-CS . Jennifer Jones, Manager of JoEI Investment Group, LLC LENDER: NEB KA B K OF COMMERCE J el D. Clements, Senior Vice President (Seal) M (Seal) =a L) ry CD :D 1- • r FOR RECORDER'S USE ONLY N 0 1—� CO cD 1- CO (J-' o u