|
DEED OF TRUST MODIFICATION AGREEMENT
<br />(Future Advance Provision)
<br />THIS MORTGAGE/DEED OF TRUST MODIFICATION AGREEMENT made and -_
<br />executed this 10th day of OCTOBER, 2001, by and between RICHARD P NEWHOUSE AND
<br />PHYLLIS O NEWHOUSE HUSBAND AND WIFE hereinafter referred to as "Borrower ", and �Q
<br />HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter
<br />referred to as "lender ",
<br />WITNESSETH:
<br />WHEREAS, Borrower did execute a certain Deed of Trust dated APRIL 8, 1998, filed of
<br />record in the OFFICE OF THE HALL COUNTY REGISTER OF DEEDS on APRIL 14, 1998 as
<br />DOCUMENT # 98- 103416 in respect to that real estate described as:
<br />LOT FOUR (4) BLOCK FOUR (4) IN COUNTRY CLUB SUBDIVISION, BEING PART OF
<br />THE EAST HALF OF THE NORTHWEST QUARTER (E 1/2 NW 1/4 ) OF SECTION TWENTY
<br />EIGHT (28), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH
<br />P.M., HALL COUNTY, NEBRASKA.
<br />WHEREAS, such Deed of Trust does not contain a provision regarding a right to future
<br />advances to be secured by such Deed of Trust;
<br />WHEREAS, Borrower has requested that Lender make an additional advance to be
<br />secured by such existing Deed of Trust;
<br />WHEREAS, Lender is willing to make an additional advance to be secured by such
<br />Deed of Trust provided there shall have been no filings of record subsequent to the date of the
<br />recording of that Deed of Trust hereinabove identified;
<br />WHEREAS, Borrower and Lender hereby desire to amend the existing Deed of Trust
<br />identified hereinabove to provide that it shall continue to secure the presently remaining
<br />indebtedness and the additional advance and future advances from and after the date hereinafter
<br />specified;
<br />NOW, THEREFORE, it is agreed:
<br />1. Incorporation of Future Advance Rights. From and after the date of the execution
<br />of this Deed of Trust Modification Agreement, the indebtedness secured by the Deed of Trust
<br />described hereinabove shall secure advances made concurrently herewith and future advances in
<br />accordance with the following provision which shall hereafter be deemed to be a part of such
<br />Deed of Trust:
<br />Future Advances. Upon request of Borrower, Lender may, at its option, make additional
<br />and future advances and readvances to Borrower. Such advances and readvances, with
<br />interest thereon, shall be secured by this Deed of Trust. At no time shall the principal
<br />amount of the indebtedness secured by this Deed of Trust, not including sums advanced to
<br />protect the security of this Deed of Trust, exceed the original principal amount stated herein, or
<br />$49,400.00, whichever is greater.
<br />o
<br />c' cn
<br />o
<br />rn
<br />M
<br />N
<br />-zj m
<br />O
<br />CD
<br />C
<br />n
<br />=
<br />m
<br />-< o
<br />c° iD
<br />rb
<br />D
<br />p
<br />�. a
<br />CD -n
<br />o
<br />c3.
<br />rn
<br />�'
<br />"
<br />rn
<br />`_'
<br />y
<br />t"1
<br />�
<br />c
<br />s �
<br />`
<br />rn
<br />uD
<br />r
<br />co
<br />D
<br />a
<br />CAD
<br />�- .�
<br />CD
<br />CD
<br />ca
<br />to
<br />O
<br />ca
<br />DEED OF TRUST MODIFICATION AGREEMENT
<br />(Future Advance Provision)
<br />THIS MORTGAGE/DEED OF TRUST MODIFICATION AGREEMENT made and -_
<br />executed this 10th day of OCTOBER, 2001, by and between RICHARD P NEWHOUSE AND
<br />PHYLLIS O NEWHOUSE HUSBAND AND WIFE hereinafter referred to as "Borrower ", and �Q
<br />HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter
<br />referred to as "lender ",
<br />WITNESSETH:
<br />WHEREAS, Borrower did execute a certain Deed of Trust dated APRIL 8, 1998, filed of
<br />record in the OFFICE OF THE HALL COUNTY REGISTER OF DEEDS on APRIL 14, 1998 as
<br />DOCUMENT # 98- 103416 in respect to that real estate described as:
<br />LOT FOUR (4) BLOCK FOUR (4) IN COUNTRY CLUB SUBDIVISION, BEING PART OF
<br />THE EAST HALF OF THE NORTHWEST QUARTER (E 1/2 NW 1/4 ) OF SECTION TWENTY
<br />EIGHT (28), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH
<br />P.M., HALL COUNTY, NEBRASKA.
<br />WHEREAS, such Deed of Trust does not contain a provision regarding a right to future
<br />advances to be secured by such Deed of Trust;
<br />WHEREAS, Borrower has requested that Lender make an additional advance to be
<br />secured by such existing Deed of Trust;
<br />WHEREAS, Lender is willing to make an additional advance to be secured by such
<br />Deed of Trust provided there shall have been no filings of record subsequent to the date of the
<br />recording of that Deed of Trust hereinabove identified;
<br />WHEREAS, Borrower and Lender hereby desire to amend the existing Deed of Trust
<br />identified hereinabove to provide that it shall continue to secure the presently remaining
<br />indebtedness and the additional advance and future advances from and after the date hereinafter
<br />specified;
<br />NOW, THEREFORE, it is agreed:
<br />1. Incorporation of Future Advance Rights. From and after the date of the execution
<br />of this Deed of Trust Modification Agreement, the indebtedness secured by the Deed of Trust
<br />described hereinabove shall secure advances made concurrently herewith and future advances in
<br />accordance with the following provision which shall hereafter be deemed to be a part of such
<br />Deed of Trust:
<br />Future Advances. Upon request of Borrower, Lender may, at its option, make additional
<br />and future advances and readvances to Borrower. Such advances and readvances, with
<br />interest thereon, shall be secured by this Deed of Trust. At no time shall the principal
<br />amount of the indebtedness secured by this Deed of Trust, not including sums advanced to
<br />protect the security of this Deed of Trust, exceed the original principal amount stated herein, or
<br />$49,400.00, whichever is greater.
<br />
|