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<br />:tMUICATION AND EX'1MIM" ' AGRM, M
<br />89--o 101648
<br />WAUM TIRE, M. OF CR= ISLAND, MRASKA, herein called the Mortgagor,
<br />and The Overland National Bank of Grand Island,. (hand Island, Tull Comty, Nebraska,
<br />herein called the Mortgagee, hereby agree as follows:
<br />1. Wrtgagor has executed and delivered to Mortgagee a real .estate
<br />mortgage dated December 29, 1978, and recorded on Decenber 29, 1978, aa.Fbeunent
<br />No. 78- 008530 in the office of the Register of Deeds, Hall County, Nebraska,
<br />in consideration of a certain mortgage note for $115,000.00, a valid subsisting
<br />obligation of the Martg r, and payment of the remainder of the princ4pal and
<br />accrued interest tberecd,A all be due according to the terms of the aforemen-
<br />tioned real estate mortgM, =. Wied and payable in the following manner:
<br />A mortg 'note dated December 29, 1978, on which a
<br />principal balance of $65,421.79irw remains unpaid, =
<br />,will be repaid in monthly install�a�:� of 51.,296.00,
<br />applied 'first to intc!&;t, balance<fo flrinciwAl
<br />cxxnnenc on April's 1W, and:iitinuing monthly
<br />thereafter a nti.l .April �, at. hich time the
<br />entire unpaid.pr=ipal balance plus accrued intent
<br />will be fully. du .mrd payable. Interest will accrue
<br />at the Mortgagee'`; Reference Rate less 1.5 percent
<br />with a floor of o and a ceiling of
<br />2 All other terms 1" conditions contn4ned in the original ::real
<br />estate nortgage dated December 29, 1978, shall n. in the; sae, and this
<br />Modification Agreement,- -fs made a part of the original renal r -state mortgage.
<br />by reference and shall inure to" all successors and assigns and their heirs.
<br />Dated this 1st clay: of April, 1989.
<br />WMM TIRE, INC. OF MW - ISLW,
<br />�-, Wed Bur , President
<br />,dA 7W OVOR AND -TIATIONAL BANK OF CRAM)
<br />ISLAND c `• ((�� �
<br />Dick Bales, C c msercial MnUi:�cr
<br />Loan Officer
<br />STATE OF AIOR'FAA )
<br />)ss:
<br />COUNTY OF )
<br />Before me, a notary public qualified for said county, personally came
<br />Fred Burklund, known to me to be the identical parson cyho signed the foregoing
<br />instrument and aciutowledged the execution ther(x)f to be his voluntary act and
<br />deed and the voluntary act and deed as Pm.sident: of said corporation.
<br />Witness my hand and notarial seal on: Ar» °il 1, 1989.
<br />�1111'•Shw �Mirai� e�� - "�U
<br />21 !
<br />M �! Notary Public
<br />STATE OF NE@RA.S A)`
<br />)ss:
<br />OC4Pey OF IIAM )
<br />' Before me, a notary public qualified for said county, personally came
<br />Dick Bales, known to me to be the identical person wix) signed the foregoing
<br />instrument and ackn(xvledged the Execution thereof to be his voluntary act and
<br />deed and the voluntwT act and deed as an officer•of said corporation.
<br />Witness my hand: and: notarial seal on MDxi1 1. 1989.
<br />Not' [rim �' I�11)1 is
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