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<br /> . . ` . Iadsx oa: Lut Qae (1) of Gru� Lutheran Church Subdi�vls�.�an_, �
<br /> _. ,. � � Grand Island, Hall County, Nabzaska. � � ..
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<br /> ._... . . .... . eI[TE�ISIOI�.,AI�ID_l�ODIFICIl.TIOI�t AGilE�� ,
<br /> � � . Thf� Agreeient is �ade aad entered into as of ttfi.� ZGth dn�'�. af Octab�r,:;. � � , �
<br /> 1989, DT and betircen Luthcran Church Snt�siaa Fuad-Micsouzf Synad, a Misspuri-' '�
<br /> oot €or .profit Carporation, ("LCHF") and Grac� Lutheran �hurch of Grand . . .
<br /> � Island, Nehraska ("Eorrovrtr") . . .. .
<br /> RSCITALS
<br /> . ' A. Eorro+rer ia indebted to LCEF pnrsvant to a Frami��nrp No'te dated Jui� . ....-_ :..
<br /> 1, 1986, in t3ie prfncipsl aaount of �176,108.41 bearing interest �at the rate , .
<br /> o� ni�e ,an� tmracee-qu�rters percent (9-3/4;L) per annum on t8e priaaipsl sua
<br /> " fra� tiae to ��£iie ra�etiaing unpaid (the "Note"), gayable .to I�BF fn 35 equsl
<br /> �anthl� . iastall�ents of �2.296.14, with a 36th awAthly inatailaeat
<br /> � [("bsl,loon")j ia the full amouat of all unpaid principal and interest then � �._.
<br /> • due st�d oaiag under 8aid Note. �, � •
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<br /> '��:�� B.. The Note is aecured by a certain Mortgage recorded on the 23rd dsy of , �
<br /> - �'' Octarb�x� I986, a� Docwpi�i."t No. 8Cs�-10608� �a the Bs1I Caun�y, Hegister of �etd� .
<br /> . ',i,� Of f 3.��.;�the "lbrtgaae"�`�: :. � �
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<br /> • C. � ,xha �x�awer is desfrous of incrtasing tdice� $a0ount of its loaa from ��,
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<br /> - : I,�EF� L'��;'#22��,.��J8.41. ,�rxs1 to reduce the amuuat of iatsrest gayable aa the
<br /> ' priacipsl balsace fr�a� time te time remaiuiug unpaid from nine and � .
<br /> ' ttsree-quarters percent (9-3/4x) to nine and one-qut�ter gerceat (9-1/4x) and
<br /> r LCEF is desi�flus of extendfng aad modifying thct Note and lending such , .
<br /> ; additional sv.�� � �
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<br /> TL�HMS AHD�(IqNDI�IaNB � �` �,
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<br /> " Nt�ii;, THERE��RE, 'for gnd in .�i�nsider�tfoa o£ the �mutual promises hereia , . .
<br /> � contg�d, ehe sufficiency of Wti�ch ar�: hereby SC�LIIOMZE?i(��A.dt the parties E.�:r� �
<br /> � � thewselves, thefr heirs, personaZ representative�, suc:�ssora and aaei�grYSC , , �
<br /> � hereby �utually agree ss fo].lows: � � � .. . .
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<br /> I. ihe principai ealance (i:iie f°PriilCipel F,g1at�C6"3 �c� aa� pay�h2s �^ �!^ � ��� .� . a-
<br /> :..i the Note to LCEF shall-lt� .increased to �1�$,365.95. , .
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<br /> 2. The PLracipal Balance together with iaterest thereon at the rate o¢ -�:
<br /> nine �nd one-q�arter percent (9-1/4�) per anrx�un shall be payable fn 60 �. -
<br /> consecutive monthly inatallments as follaMS:
<br /> 59 equ8�. eqnsecutfve monthly installments of One '�housand Five Huadred ,
<br /> � Porty Ts+� i►nd O1J100 DOLLARS (a1,542.01) each, ehe �is�� at�cla installmeat �
<br /> . beitig duc �ad payable on the 20th day of Hovember, ?.S3fsg� and subaequent �
<br /> . fnatallwents befng due and payable on the ZOth day o� each and every moath
<br /> of the next sueceeding 58 moatbs theresfter; aaid a 60th aanthly
<br /> - - ("ball.00n") inatall�ent, f� the fuil amouat of the reminfng bblaace of . .
<br /> . • prfncipal and intereat being due and payable on the 20th day of October,
<br /> 1494. �
<br /> 3. The Note, aa extended �by this Agreement, shall continue to be secured -- _-.__ -
<br /> by the Mortgage descrxbed in Paragraph (B) of Recitals. � �
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<br /> 4, Except a� aodif ied herein, all other teraa and conditi�onc of the Note � �
<br /> �ge �e�by sat�f�e� asr�! ee�€fr�d f� aa! respectes au� tt�e Nore st��� c�ntinuP � i _
<br /> ts� evidence the indebtedness and prooise to pay extended by this Agreea�ent. � '
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