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1 <br />89-,104054 <br />PROJECT NO.: 103- EHO54- NP- CMIlL8 (NE26 -T861 -005) <br />NAME OF PROJECT: Greater Nebraska Independent Housing Project <br />LOCATION: Seven scattered sites in Columbus, Gering, Grand <br />Island, Hastings, Kearney and Scottsbluff, Nebraska <br />i MODIFICATION AGREEMENT <br />RE NOTE AMOUNT AND PAYMENT <br />i <br />THIS AGREEMENT, made tine. 27th day of July, 1989, by and <br />between Greater Nebraska Independent Housing, Inc.,- a Nebraska <br />nonprofit corporation, having its principal place of business <br />at 1804 S. Eddy Street, Grand Island, Nebraska 68801 <br />t (hereinafter' referred to as '"Mortgagor "),. and the United States <br />of America acting by and through the Secretary of Housing and <br />Urban: ;pevelopment, with an o•fEice at Omaha, Nebraska <br />,(hereinafter referred to an "Mortg4,0e ") . <br />WITNESSETH: <br />WHEREAS, the Mortgagor has executed and delivered' to the <br />Mortgagee its certai'm.:• Note dated March 22, 1980-vi i; n the -amount <br />�}- of $1,194,700, securdd by `a Mortgage of even 6e thetewith, <br />filed on' the dates and recorded in the offices o' 'the Registers: .-' ' <br />of Deeds identified.`•in Exhibit "A" attached hereto, which <br />Mortgatle covers certain real and personal property situated ifc <br />the State of Nebraska, as described in such Exhibit; and said <br />Mortgage and Note are incorporated herein by this reference;' <br />I . <br />WHEREAS, the Mortgagor has executed and d4li:vered to the <br />Mortgagee a Regulatory Agreement dated March 21, 1988, which <br />was filed immediately : after the filing of 4,ha Indktgage with' th"a -- <br />Registers of Deeds set forth in Exhibit *A"'..:'attached - hiareto,. <br />which Regulatory Aq�eement covers certain real. and personal <br />property, situated. in khe State of Nebraska, .as'..d scribed in'' <br />such Exhibit; <br />WHEREAS, it has now been determined that 'the 6ilginal <br />mortgage amount of $1,i$4,700 must be reduced; <br />WHEREAS, it has now been determined that the monthly <br />payments set .dut in the Note dated March 2,2, ''1988 of $9,215.46 <br />must be reduced; <br />WHERT1ASp. all principal and interest payments under the <br />�:. <br />Mortgage and 'Note• ,'.are.'current as of this date. - <br />NOW, THEREFOk , in consideration of $1.00 and other <br />valuable.. consideration, the receipt and sufficiency of which <br />are hereby acknowledged, the parties hereto agree to amend the <br />terms of said Note, Mortgage and Regulatory Agreement, with <br />respect to principal and payments to interest and principal as <br />follows: <br />S <br />�r <br />E <br />f <br />