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<br />RE-RECORDED -- - -- - — - - — — _ ;
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<br />Lose Nwraw I F14A / VA! Ml Cm NumMar
<br />152040,9141 5,.094868
<br />�Mortpapor (or Truster)
<br />Malcom, Reginald A.
<br />` - 6 8 ASw a Lane
<br />1 GXand Island, NE 68801
<br />Agreement For Mod#fication or "mion of Mortgage -
<br />- -- Tu - . , 1 otli1ia2 Nui 01041 i uiVage
<br />•. Aafsocfa�a•�~s • . .
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<br />.0j Government Nstional
<br />i Montage Aumlaflon
<br />The Trustor or Mortgagor identified above (hereinafter referred to as the "Mortgagor") does hereby apply for a Mention
<br />f of the pgyrnent provisions of the above numbered account covering an indebtedness owing from the Mortgagor to '
<br />C`Modification" or "Extension!)
<br />Federal National Mortgage Aaeociation fhereinatter referred to as the " Martgagee'). evidenced by a note (or bond)
<br />r and secured by a real praparty mortgage (or trust deed) (said note or bond and real property mortgage or trust deed are hereinafter referred to as the
<br />'•'MortVWe ") and the Mortgagor represents and agrees as follows:
<br />(1) Mortgagor is now the owner and holder of the real property encumbered by said Mortgage, recorded in the public records in the County of
<br />Hall , State of NE , in book, , page , or document or file number
<br />85- 001220 --- Lot Twenty-Seven (27) , Ea91ewood Acres Subdivision, Hall County., Nebraska f
<br />(2) Under the terms of said Mortgage, there remains unpaid as of the first day of the month in which this Agreement is made, the sum of
<br />S 53, 439.65 , for principal, $ 4, 550.90 for interest thereon, i 11,510.73 ,for advances made bylhe Mortgagee there
<br />under, and i 040 for interbat on such advances, aggregating a total sum of $ 59, 501.28 , for which amount the Mortgagor
<br />• is indebted to the Mortgagee under said Mortgage, which is a valid lien, to which Mortgagor has no defenses, offsets or'counterclafrns.
<br />(3) Mortgagor hereby deposits with the Mortgagee the sum of $---2 • 00 , which is to be applied upon the present balance due on the r
<br />principal of said Mortgage, (including advances, if any), and the sum of = 0-00 which is to be applied upon the delinquent interest due
<br />upon said principal (and advances, if any); application of said deposited amounts is to be made as of the effective date of this modification or extension,
<br />which if not executed by Mortgagee, shall be returned to the Mortgagor.
<br />(4) Mortgagor agreen tree terms of said Mortgage. sre :noditied or rxt,?ndP� . ^:attve to the payment of sad indphtednoss by rrovidirg for payment o:
<br />the balance of the principal; including any unpaid interest due thereon, (after the deposits aforementioned have been applied thereto), as follows: Said
<br />total balance of $ 59, 501.28 is to be paid, with interest at the same rate per annum stipulated in the Mortgage, on the s+npaid balane,.• in
<br />equal monthly nstallments of * *'v* - (exclusive of sums required to be de
<br />Y q posited for the payment of taxes, inaurence, etc.), the first of
<br />said installments. shall become due and payable on the day of June ,1 _ _ _ _ _ 199- 2 , and the remaining installments,
<br />successively, on the day of each and every month thereafter, until said mortgage indebtedness is fully paid, except that if not sooner paid, the final
<br />payment of principal and interest shall be due and payable on the day of January 1 116 which is the present or
<br />extended maturity date.
<br />(b) Mortgagor agrees to make the payments as specified in paragraph (4) hereof and understands find agrees that:
<br />(a) All the rights and remedies, stipulations, and conditions contained in said Mortgage relating to default in the making of payments under the
<br />Mortgage shall also apply to default in the making of said modified payments hereunder.
<br />(b) All covenants, agreements, stipulations and conditions in said Mortgage shall be and remain in full force and effect, except as herein
<br />modified, and none of the Mortgagor's obligations or liabilities under said Mortgage shall be diminished or released by any provisions hereof-, nor shall
<br />this Agreement in any way impair, diminish, or affect any of the Mortgagee's righty under or remedies on the Mortgage, whether such rights or
<br />remedies arise thereunder or by operation of law. Also; all rights of recourse to which the Mortgagee is presently entitled against any property or any
<br />other persons in any way obligated for or liable on the Mortgage, are expressly reserved by the Mortgagee.
<br />(c) All costs and expenses incurred by Mortgagee in connection with this Agreement, : ncluding recording fees, title examination, and attorney's
<br />fcrs, shall be paid by Mortgagor and shelf be secured by said Mortgage.
<br />(d) Mortgagor agrees to make and execute such other documents or papers as maybe necessary or required to effectuate the terms and conditions
<br />of this Agreement which, if approved and accepted by the Mortgagee, shalt bind and inure to the heirs, executors, administrators, and assigns of the
<br />Mortgagor. ** *See attached rider
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