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89- 103898 <br />LOAN MODIFICATION AGREEMENT <br />THIS LOAN MODIFICATION AGREEMENT made and executed this <br />.24th . day of Jul y , 1989, by and between Abe= L, w on" and <br />Entm Frances LaXper. ffob2A d f , hereinafter <br />called the "Borrowers-; and THE OVERLAND NATIONAL BANK OF GRAND <br />ISLAND, NEBRASKA, hereinafter called the "Lender ". . <br />N I T N E S SETH: <br />wHEREAS,.the Borrowers have executed a certain.Note in the <br />origfaal amount of Seventeen Thousand Eight. Ujagdred and -Nd - <br />---- -- Dollars ( 17 X0.00 ,1 • date Jura 24�• 19g5.: <br />WHEREAS, there is presently outstanding a remaining princi- <br />pal sue in respect to said Dote in the amount of Thirteen, Thousand Fbur <br />hundred Nineteen Dollars and 641100-- -- _..__ Dollars <br />I19, 419.64 ) ; <br />WHEREAS,. Borrowers have made application tb , the Lender to <br />adjust the terms of payment�in respect to said Note; a.,nd <br />WHEREAS, Lender has agreed to adjust the terms for payment � <br />in respect to such Note contingent upon the Borrowers* perform,-,,, <br />: _ dance. • . as.' .....i -WiC a o f ♦has T1a. thee,-%- i cal -Inn - <br />ttiicC in at:'v'tnFaaataa : c •wia.ii a.cao`. �iavLay.v::.. ... �..�.. _r: — -- <br />Agreement, <br />Now, Th-ki� brm,. in consideration of the mutual covenants <br />herein contained, it is agreed: <br />1. In accordance with the terms of this Loan Modification <br />Agreement, the terms in respect to payment of the. existing Note <br />dated: June 24 l9, are hereby modified ,tca. Prov -l4e that. <br />the remaining principal sum of Thirtee <br />Dollars and 64/7 — dollars 1$ with. 4nterest <br />from July 24 , 19,W, on such unpaid ryn� pal balance at the <br />annual rate of Thirteen and One -Half percent- .(13.5 and to <br />provide that such remaining principal and 10bdrdst shall be <br />payable at the office of The Overland National Bank of Grand <br />Island, or such other place as the holder hereof shall designate <br />in writing delivered or mailed to the Borrowers, in Eleven <br />( 11 ) monthly installments of Tkio Hundred Eighty Daliars <br />and riToIL0 :— - - - --- ---Dollars 280.00. - <br />each, applied first to accrued interest and then to principal <br />commencing on the 24th day of August , 1989, and continuing <br />on the 24th day of each month thereafter, with a final <br />payment of the then remaining principal balance, together with <br />accrued interest, due and payable on the 24th day of <br />July, 1990 <br />064159 -1- <br />