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2001LOOSS Loan No.: 1211104 the real property described being set forth as follows: NORTH HALF (N 1/2) OF LOT ONE HUNDRED EIGHTY -ONE (181) AND ALL OF LOT ONE HUNDRED EIGHTY (180) IN BELMONT, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. PERMANENT PARCEL NUMBER: 400017687 In consideration of the mutual promises and agreements exchanged, the parties hereto agree as follows (notwithstanding anything to the contrary contained in the Note or Security Instrument): 1. As of July 1st, 2001 , the amount payable under the Note and the Security Instrument (the "Unpaid Principal Balance ") is U.S. $ 68,249.49 consisting of the amount(s) loaned to the Borrower by the Lender and any interest capitalized to date. 2. The Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of the Lender. Interest will be charged on the Unpaid Principal Balance at the yearly rate of 7.500 %, from July 1st, 2001 The Borrower promises to make monthly payments of principal and interest of U.S. $ 493.32 beginning on the lst day of August , 2001 , and continuing thereafter on the same day of each succeeding month until principal and interest are paid in full. If on April 1, 2028 (the "Maturity Date "), the Borrower still owes amounts under the Note and the Security Instrument, as amended by this Agreement, the Borrower will pay these amounts in full on the Maturity Date. The Borrower will make such payments at Principal Residential Mortgage, Inc., 711 High Street, Des Moines, Iowa 50392 -0780 or at such other place as the Lender may require. 3. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in the Borrower is sold or transferred and the Borrower is not a natural person) without the Lender's prior written consent, the Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. If the Lender exercises this option, the Lender shall give the Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which the Borrower must pay all sums secured by this Security Instrument. If the Borrower fails to pay these sums prior to the expiration of this period, the Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on the Borrower. 4. The Borrower also will comply with all other covenants, agreements, and requirements of the Security Instrument, including without limitation, the Borrower's covenants and agreements to make all payments of taxes, insurance premiums, assessments, escrow items, impounds, and all other payments that the Borrower is obligated to make under the Security Instrument; however, the following terms and provisions are forever canceled, null and void, as of the specified date in Paragraph No. 1 above. (a) all terms and provisions of the Note and Security Instrument (if any) providing for, implementing, or relating to, any change or adjustment in the rate of interest payable under the Note; and (b) all terms and provisions of any adjustable rate rider or other instrument or document that is affixed to, wholly or partly incorporated into, or is part of, the Note or Security Instrument and that contains any such terms and provisions as those referred to in (a) above. Initials hrl5itiall-,�_ Initials _ Initials MULTISTATE LOAN MODIFICATION AGREEMENT Page 2 of 4 (FNMA Modified Form 3179 2/88)