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LOAN WDIFICATIQH AGREEMENT 89--- - X051.42
<br />This Loan Nods�## t o r ( t d is 1• t dir 'Ok August
<br />ay vsiea e 6 � � �
<br />1962 between t�..ry id iDwvle l A-rl•irw L_ Fny_ a (f��rrra� ter ") and Karxest Bank, N•hi.
<br />( "Gender "), amends and supplements (1) the Deed of Trust (the "Security Instrument "), dated
<br />a.t�,�. kr,Lggc' ,and recorded in !!.I Dr;cunsent No. 85-ati3i62 ,'c#f the Mortgage
<br />Records of Hall County, Nebraska, and (2) the Note bearing :the:;same date as, and
<br />secured.by, the Security Instrument, which covers the real and persanal:oroperty described
<br />In the Security instrument and defined therin as the "property"., ltrcmted ar,
<br />622 6 644 _ Fai¢ley_ Place,_ the real property_ described_heina _set,. 'forth._ as _ follows:
<br />Grand Island, Nebraska 68803
<br />Late One (1) and Two (2) , Colonial Apartments Subdivislon . in the- City. of Grand .Island,
<br />Hall County, Nebraska.
<br />In consideration of the mutual promises and agreements exchanged, that parties hereto agree
<br />as follows (notwithstanding anything to the contrary contained le,the. Note or Security
<br />Instrument):
<br />1. As of July 31, 1989 the amount payable under 'the Note and the Security
<br />instrument (the "Unpaid Principal Balance ") is V.S. $ 226,13b,25 , cor►siating
<br />of the amount(s) loaned to the Borrower by the- Lender art$ crrt t interest capitaliaedi
<br />to date.
<br />2. Th '13orrower promises to pay the Unpaid Principal Balance, plus interest, to the
<br />or4E --r of the Lender. Interest will be charged on the l,itpaid Principal Balance
<br />at'the yeiriy rate of1o_44 2 from I. 1gaq, The Borrower promises
<br />to make 2y` monthly payments of Principal anal interest of U.S. $* 3_4 93 •
<br />beginning on the _jut:_ day of Rapr•ombiv; ; , s 911q..: ;, ' grid one f anal payment of
<br />U.$.. $ 2212432.4F, Final payment. is a balloon. paymcmt and Lender may consider
<br />refinancing the lc ' ;f all .payments have been: pdid. an, agreed. If an
<br />1991 (the "Hatur#o!-Date. li the Borrower still, awes amounts under the Mote and
<br />the Secur.i: Inatrum,f.,, as rtmended',lby this AgreemQnt,:..the Borrower will pay these
<br />asrr"WIX's iis:611 on tlirr )3aturity Date-..,
<br />The Borrower will make such:,17'a)"ents'at Norwest Bank Nebraska, N.A. or at such
<br />other place as the Lender may.require.
<br />3. If all or any of the Property or any- laterestLn it is sold or transferred (or if a
<br />beneficial interest in the Borrower,t)x sold or transferred and the Borrower is not
<br />a natural person) without the Lender's prior writtera,fuccsent, the Lender may, at
<br />Its option, require immediai•- payment.in fuLt of all•' :r ms secured by this Security
<br />Agreement.
<br />If the Lender exercises this option, tine Ler4er•shazt, Sive the Borrower notice of
<br />acceleration. The notice shall provide a p r-fc+'S of riot less than 30 days from the
<br />date the notice is delivered or mailed withir+ which the Borrower fails to pay these
<br />sun* secured by this Security Instrument., Ii' the Borp7wer fails to psy':these sums
<br />prior to the expira:trian of this perifidt, the Lender mad+ invoke any remefl�tas permitted
<br />by this Security InOtrumentt %without further notice or demand on. the Borrower.
<br />4. The Borrower also will comply with ail other covenants, agreements, and requirements
<br />of the Security Instrument, includiarg without limitation, the 13arrower't.covenants
<br />and agreements to make all payments of taxes, insurance premlipmu`t, assessments,
<br />escrow items, impounds, and all other payments that the Borrower is obligated tj-
<br />stake under the Security Instrument, and:
<br />(ar) all terms and provisions of than Note and Security Instrument (if. atly)
<br />providing for, implementing or rel€t ing,to any change or adjustment in they
<br />rate 'o€ interest payable under Oka N4Aey and
<br />(b) all terms and provisions of any adjustable rate rider or other instrument or
<br />document that is affixed to, wholly or partially incorporated into, or is part
<br />of the Note or Security Instrument and that contains any such terms and
<br />provisions as those referred to in (a) above.
<br />S. Nothing in this Agreement shall.be understood or construed to be a satisfaction or
<br />release in whole or in part of the Note and Security Instrument. Except as
<br />otherwise.specifically provided in this Agreement, the Note and Security Instrument
<br />will remain unchanged, and the Borrower and Lender will be boun and comply with,
<br />all of the terms and provisions thereof, as amended by,th nt.
<br />Sylvr.ster r odv i ' -Horrawer
<br />tC<<Siilf_` J • (,}+,�Y.. �, 13Q _%9WG1 r
<br />arry
<br />lD ath +.ern A. ,F'+,..'ti' ' ►+•€r+•.:+ r
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