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200006854 [Space Above This Line For Recording Data] 220169031 LOAN MODIFICATION AGREEMENT (Providing for Fixed or Step Interest Rate) This Loan Modification Agreement ( "Agreement ") made this April 19, 2000, between James A. Encinger and Debora L. Encinger ( "Borrower ") and GMAC Mortgage Corporation ( "Lender "), amends and supplements (1) the Mortgage, Deed of Trust or Deed to Secure Debt (the "Security Instrument "), dated March 20,1992 and recorded March 20, 1992 as Instrument #92- 102260 , in the official records of Hall County, in the State of Nebraska and (2) the Note bearing the same date as, and secured by, the Security Instrument which covers the real and personal property described in the Security Instrument and defined therein as the "Property", located at 3003 West 16th Street, Grand Island, Nebraska 68803 -2418 the real property described being set forth as follows: Lot Five (5) Franzen Subdivision, City of Grand Island, Hall County, Nebraska. In consideration of the mutual promises and agreements exchanged the parties hereto agree as follows: (notwithstanding anything to the contrary contained in the Note or Security Instrument): As of April 19, 2000 the amount payable under the Note and the Security Instrument (the "Unpaid Principal Balance ") is U.S.$60,661.84, consisting of the amount (s) loaned to the Borrower by the Lender and any interest capitalized to date. 2. The Borrower promises to pay the unpaid Principal Balance plus interest, to the order of the Lender. Interest will be charged on the Unpaid Principal Balance at the yearly rate of 8.750 %, from May 1, 2000. The Borrower promises to make monthly payments of principal and interest of U.S. $477.23, beginning on June 1, 2000, and continuing thereafter on the same day of each succeeding month until principal and interest are paid in Full. If on May 1, 2030 (the "Maturity Date "), the Borrower still owes amounts under the Note and the Security Instrument, as amended by this Agreement, the Borrower will pay these amounts in full on the Maturity Date. The Borrower will make such payments at GMAC Mortgage Corporation, Mortgage Loan Processing, Dept 8634, Los Angeles, CA 90084 -8634, or at such other place as the Lender may require. 4. 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 sold or transferred and the Borrower is not the natural person) without the Lender's prior written consent, the Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. If the Lender exercises this option, the Lender shall give the Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which the Borrower must pay all sums secured by this Security Instrument. If the Borrower fails to pay these sums prior to the expiration of this period, the Lender may invoke any remedies permitted by this Security Instrument without notice or demand on the Borrower. 5. The Borrower also will comply with all other covenants, agreements, and requirements of the Security LOAN MODIFICATION AGREEMENT -- Single Family -- Fannie Mae Uniform Instrument Form 3179 2/88