200010468 - Laserfiche WebLink

Browse

WELLS Amendment to Mortgage /Deed of Trust F`ARGO HEL O C This Amendment to Mortgage /Deed of Trust ("Amendment") is made as of this 2 day of OCTOBER 2000 byandbetween WELLS FARGO BANK NEBRASKA, NATIONAL ASSOCIATION (formerly known as Norwest Bank 3404 WEST 13TH STREET National Association) having its office at GRAND zsr,AND NE (the "Lender "), and T.AWRF.NCF. P SORENSEN JR and CAROL D SORENSEN (whether one or more, the "Mortgagor "). Recitals A. The Lender is the holder of the home equity line agreement of.- ❑ the Mortgagor (also referred to as the "Borrower "), ® LAWRENCE P SORENSEN JR and CAROL D SORENSEN (referred to as the "Borrower"), which is dated o 6 /02/ 1 q q q , under which the Lender has extended to the Borrower a revolving line of credit (such home equity line agreement, together with any modifications to it made prior to the date of this Amendment, referred to as the "Note"). The credit limit for the revolving line of credit evidenced by the Note currently is $ 16500 B. To secure payment of the amounts outstanding under the Note, the Mortgagor has given a mortgage or deed of trust to the Lender dated 0 6 / 02 / 19 9 9 , (such mortgage or deed of trust, together with any modifications to it made prior to the date of this Amendment, referred to as the "Mortgage "), covering and placing a lien upon the real property more particularly described in the Mortgage. The Mortgage was originally filed for record on , in the office of the REGISTER OF DEEDS of HALL County, as Document No. 9 A -1119 9 9 in Book /Roll Page /lmage C. In connection with the original filing of the Mortgage, a mortgage registry tax was paid to the Treasurer of such county in the amount of $ 0 on , and that Treasurer placed his /her stamp on the Mortgage, such stamp bearing number N/A D. The Mortgagor acknowledges that the Mortgage is valid and enforceable and represents the Mortgagor's legal and binding obligations, free and clear of any claim, defense or offset. E. The Mortgagor and the Bank now desire to amend the Mortgage to reflect certain changes to the Borrower's revolving line of credit with the Bank that is secured by the Mortgage. F. Property description (if applicable): LOT TEN (10) AND THE WEST THIRTY (30) FEET OF LOT ELEVEN (11), IN BLOCK THREE (3), IN PARKHILL SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Agreement Accordingly, in consideration of the premises and other good and valuable consideration, each paid to the other, the parties to this Agreement agree as follows: ® HELOC Modification Agreement. The Borrower has executed and delivered to the Bank a HELOC Modification Agreement dated 10/02/2000 (the "Modification "), which modifies the Note as follows: ,n, Chanye it Credit Limit. The Borrowcr's maximum credit limit under the revolving line of credit iS changed to a maximum principal amount of $ ❑ Extension of Maturity Date. The revolving line of credit will terminate and the entire unpaid principal balance outstanding on the Note, together with any unpaid finance charges and other charges, will be due and payable in full on . Until such date, the Borrower agrees to make the monthly payments as disclosed in the Note, or if modified by the HELOC Modification Agreement, as disclosed in the HELOC Modification Agreement. ® Increased Rate of Finance Charge. The daily periodic rate is now equal to 11365 of .75 % over the "Index Rate. "The "Index Rate" is the variable reference rate, adjusted in accordance with the Note (if previously modified, as so modified), which is: ® the highest prime rate published in the Wall Street Journal "Money Rates" table. ❑ the 91 -day Treasury Bill Rate (established at last auction average on a discount basis, rounded to the nearest .10 %)• W 12X89 (5 -99- 2358 -J) CO, MN, MT, ND, NE, NM, OH, SD, WY Page 1 of 2 Wells Fargo Po Box 93300 Albuaueraue, NM 87199-3300 m 0 In n = c7 c a o �1 Z C) �y rn m rn P O m n O O CD (i = O -n O Q- 7C o S rl C=) CO c� x M rn co M Z3 r CIO e N r D CD dco cn -r- C.3 O cn CC cn Q WELLS Amendment to Mortgage /Deed of Trust F`ARGO HEL O C This Amendment to Mortgage /Deed of Trust ("Amendment") is made as of this 2 day of OCTOBER 2000 byandbetween WELLS FARGO BANK NEBRASKA, NATIONAL ASSOCIATION (formerly known as Norwest Bank 3404 WEST 13TH STREET National Association) having its office at GRAND zsr,AND NE (the "Lender "), and T.AWRF.NCF. P SORENSEN JR and CAROL D SORENSEN (whether one or more, the "Mortgagor "). Recitals A. The Lender is the holder of the home equity line agreement of.- ❑ the Mortgagor (also referred to as the "Borrower "), ® LAWRENCE P SORENSEN JR and CAROL D SORENSEN (referred to as the "Borrower"), which is dated o 6 /02/ 1 q q q , under which the Lender has extended to the Borrower a revolving line of credit (such home equity line agreement, together with any modifications to it made prior to the date of this Amendment, referred to as the "Note"). The credit limit for the revolving line of credit evidenced by the Note currently is $ 16500 B. To secure payment of the amounts outstanding under the Note, the Mortgagor has given a mortgage or deed of trust to the Lender dated 0 6 / 02 / 19 9 9 , (such mortgage or deed of trust, together with any modifications to it made prior to the date of this Amendment, referred to as the "Mortgage "), covering and placing a lien upon the real property more particularly described in the Mortgage. The Mortgage was originally filed for record on , in the office of the REGISTER OF DEEDS of HALL County, as Document No. 9 A -1119 9 9 in Book /Roll Page /lmage C. In connection with the original filing of the Mortgage, a mortgage registry tax was paid to the Treasurer of such county in the amount of $ 0 on , and that Treasurer placed his /her stamp on the Mortgage, such stamp bearing number N/A D. The Mortgagor acknowledges that the Mortgage is valid and enforceable and represents the Mortgagor's legal and binding obligations, free and clear of any claim, defense or offset. E. The Mortgagor and the Bank now desire to amend the Mortgage to reflect certain changes to the Borrower's revolving line of credit with the Bank that is secured by the Mortgage. F. Property description (if applicable): LOT TEN (10) AND THE WEST THIRTY (30) FEET OF LOT ELEVEN (11), IN BLOCK THREE (3), IN PARKHILL SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Agreement Accordingly, in consideration of the premises and other good and valuable consideration, each paid to the other, the parties to this Agreement agree as follows: ® HELOC Modification Agreement. The Borrower has executed and delivered to the Bank a HELOC Modification Agreement dated 10/02/2000 (the "Modification "), which modifies the Note as follows: ,n, Chanye it Credit Limit. The Borrowcr's maximum credit limit under the revolving line of credit iS changed to a maximum principal amount of $ ❑ Extension of Maturity Date. The revolving line of credit will terminate and the entire unpaid principal balance outstanding on the Note, together with any unpaid finance charges and other charges, will be due and payable in full on . Until such date, the Borrower agrees to make the monthly payments as disclosed in the Note, or if modified by the HELOC Modification Agreement, as disclosed in the HELOC Modification Agreement. ® Increased Rate of Finance Charge. The daily periodic rate is now equal to 11365 of .75 % over the "Index Rate. "The "Index Rate" is the variable reference rate, adjusted in accordance with the Note (if previously modified, as so modified), which is: ® the highest prime rate published in the Wall Street Journal "Money Rates" table. ❑ the 91 -day Treasury Bill Rate (established at last auction average on a discount basis, rounded to the nearest .10 %)• W 12X89 (5 -99- 2358 -J) CO, MN, MT, ND, NE, NM, OH, SD, WY Page 1 of 2 Wells Fargo Po Box 93300 Albuaueraue, NM 87199-3300