202107763 - Laserfiche WebLink

Browse

N)1•111=111.11 WHEN RECORDED MAIL TO: Custer Federal State Bank 341 S 10th Ave, PO Box 310 Broken Bow, NE 68822 Tl C. L =vv (1 V . . n (1 n -i Lon n = x C MODIFICATION OF DEED OF TRUST N C_: FOR RECORDER'S USE ONLY 00 Lr THIS MODIFICATION OF DEED OF TRUST dated August 26, 2021, is made and executed between Derrick R. Anderson a/k/a Derrick Anderson, a single person, whose address is 205 W Mecca St, Cairo, NE 68824 ("Trustor") and Custer Federal State Bank, whose address is 341 S 10th Ave, PO Box 310, Broken Bow, NE 68822 ("Lender"). DEED OF TRUST. Lender and Trustor have entered into a Deed of Trust dated July 1, 2021 which has been recorded in Hall County, State of Nebraska, as follows: Recorded at Hall County Register of Deeds on July 1, 2021 as Instrument No 202105604 in the mortgage records. REAL PROPERTY DESCRIPTION: The Deed of Trust covers the following described real property located in Hall County, State of Nebraska: Lots Twelve (12), and Thirteen (13), Block Nine (9), Original Town of Cairo, Hall County, Nebraska. MODIFICATION. Lender and Trustor hereby modify the Deed of Trust as follows: Details of the note secured by this lien instrument are modified as follows: Date of the Note is August 26, 2021; Makers of the Note are Derrick R. Anderson a/k/a Derrick Anderson and Aleryn, Inc.; Original Principal Amount of the Note is $62,000.00; Maturity Date of the Note is August 26, 2046. Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and interest in and to all present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code security interest in the Personal Property and Rents. CONTINUING VALIDITY. Except as expressly modified above, the terms of the original Deed of Trust shall remain unchanged and in full force and effect. Consent by Lender to this Modification does not waive lender's right to require strict performance of the Deed of Trust as changed above nor obligate lender to make any future modifications. Nothing in this Modification shall constitute a satisfaction of the promissory note or other credit agreement secured by the Deed of Trust (the "Note"). It is the intention of lender to retain as liable all parties to the Deed of Trust and all parties, makers and endorsers to the Note, including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or endorser, including accommodation makers, shall not be released by virtue of this Modification. If any person who signed the original Deed of Trust does not sign this Modification, then all persons signing below acknowledge that this Modification is given conditionally, based on the representation to Lender that the non -signing person consents to the changes and provisions of this Modification or otherwise will not be released by it. This waiver applies not only to any initial extension or modification, but also to all such subsequent actions.