200007639 - Laserfiche WebLink

Browse

CONSTRUCTION LOAN RIDER TO THE SECURITY INSTRUMENT (MANUFACTURED HOUSING UNITS) 900007639 GreenveinN G� Credit TO BE RECORDED WITH THE SECURITY INSTRUMENT LENDER: GREENPOINT CREDIT, LLC BORROWER:MYRON L. HINRIKUS RACHEL L. HINRIKUS PROPERTY: 13926 S 90TH PROSSER, NE 68883 LOAN NUMBER: 8003482 THIS CONSTRUCTION LOAN RIDER is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust and Security Deed, and any and all riders or amendments thereto (the "Security Instrument "), of the same date given by the undersigned (the "Borrower ") to secure Borrower's obligations under the Note, Disclosure and Security Agreement of the same date to Lender and secured by the Property described in the Security Instrument ( "Property"). AMENDED AND ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: 1. Agreement. For the purposes of the Security Instrument and this Construction Loan Rider, all references to the term Agreement or to Note, Disclosure and Security Agreement shall refer to the Note, Disclosure and Security Agreement, Waiver of Trial by Jury and Agreement to Arbitration or Reference or Trial by Judge Alone of even date ( "Agreement "). 2. Construction Loan Agreement. The principal amount of the Agreement which Borrower promises to pay is the Unpaid Balance stated in the Promise to Pay section of the Agreement. Borrower agrees to comply with the covenants and conditions of the Agreement and the Construction Loan Agreement between Borrower and Lender, which is incorporated herein by this reference and made a part of this Security Instrument. The Construction Loan Agreement provides for the construction of certain improvements ( "Improvements ") on the Property. All advances made by Lender pursuant to HSUS0306 -0998 PAGE 1OF3