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<br /> IA�1I3 �lUDIFICATIQN AGRk�iF.i�i'I' �9"" 1 O V�v�
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<br /> THIS IAAN kdDIFICATI(XV AGR�1T t�tie and executed this 29th da.y of Navember,
<br /> 1889, by and betw�een Dean A. and Lori J. Neighbors, hereinafter called the
<br /> "Borraw�ers"; and Tf� OVIIti.�I�ID NATIONAL BANK UF GRADID ISLAI�, NE�RASKA, hereinafter
<br /> cal].ed the "I,ender".
<br /> WITNESSETH:
<br /> WI�RF�AS, the Borxaw�ers have executed a certa.in Deed of Tru.st Note in the
<br /> � original araount of T�n Thausand F3ve Hundrad and Na/l0U Dollars ($10,500.00),
<br /> ' dated September 8, 1986; as doc�snent No. �86-10510? entered on Septenber 9th 1986,
<br /> described as L,�t One, Hlock Nine, Original �bwn of Cairo, Hall Oaunty, Nebraska.
<br /> WI�tEAS, there is presently outstanding a remaining pr�lncipal stm in respect
<br /> � to said Deed of Trust Note in the am�unt of Fbur Thowsand Four Hundred Thirty-
<br /> Seven Dollars and 72/1U0 Dollars ($4,437.22); and
<br /> � WI�tF�lS, Box�rawers have made applica.tion to the Lender to ad�just the interest
<br /> � rate in respect to said Note to the present rate of Eleven and One-Half percent
<br /> (11.5x);
<br /> ; NC�V, �DRE, in consideration of the mutual covenants herein contained,
<br /> f it is agreed: _
<br /> ; 1. In accordance with the ter�s of this Loan k"odification Agrec�nt, the �. t
<br /> Lender will advaaee Z�o Thousand Five Hundred and No/100 Dollars ($2,500.00) to '.�
<br /> Hora�aw�rs uac�er the "Futasre Advance" clause of Deed oY Trust dated Sep�tesnber 8, � �
<br /> 1986, signed by the Borra�rers. Rana.ining principal balance and future advance �`�
<br /> - = totalitlg Six 1'lloUSanci Nine iitlndred 1'ti.rty�even lio3lars and �%ifxi lioliars `
<br /> (56,937.22) will be repaid in monthly payments of �ro Hundred Z�venty-Seven and .�
<br /> 75/100 Dollars ($227.75) appZied first to interest and balance to principal,
<br /> beginning December 10, 1989 and on the lOth of every month until Novanber 10, 1992. �`
<br /> . 2. Excegt as specifically modified by this Loan Modifica.tion Agree�nent, all � _
<br /> other terms and provisions of the Deed of Trus-t Note da.ted Septan�er 8, 1986, -
<br /> j previously executed by the Borrowers shall remain in full force and ef�ect. �
<br /> _ 3. All real estate mortgag+es, deeds of trust, assigrn�ents and security
<br /> ' , agreements heretofore granted by Borrow�ers to the Lender shall reuai�n i.n full
<br /> ; force and effect and shall in no manner be affected by this Loan ModiYica.tion
<br /> ? A�nent and shall oontinue as security for the indebtedness mpdified by th�ls •�
<br /> ; Agre�nent, as w�ell as any future indebtedness owing fran Borrowers to the Lender � � ;,�;
<br /> for future advances and renewals in respect to all s�,uns owing fran Borrowers to �:
<br /> the Lender. �' .
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<br /> � 4. Borxbw�ers fu�'tE�er covenant to and with the Lender that they shall, and � �
<br /> , will, at any ti.me, naw or later, upon request, make, do, execute and deliver all �� -
<br /> such further aad other acts, deeds and things as shall be reasonably required to
<br /> effectua.te the i.ntention of this Loan Modification Agreement and to i.nsure and
<br /> confir� to the Lender all and singular the property, secuxities and ri�ts
<br /> described, a.nd intended to be conveyed as security, so as to render the s�m�, and
<br /> ' � all partions, whether now awnerl, or later acquired, subject to these terms, '
<br /> � provisions and oonditions according to the true intent and purposes expressed.
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