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99107577
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Last modified
3/13/2012 6:44:56 PM
Creation date
10/21/2005 12:12:12 AM
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DEEDS
Inst Number
99107577
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. � <br /> 99 14�577 <br /> fixed rate of interest rather than a variable rate as originally set forth in such Adjustable Rate <br /> Rider; <br /> NOW, THEREFORE, it is agreed: <br /> 1. Interest Rate and Maturitv Modification. Commencing effective Au�ust 1 , <br /> 1999,the indebtedness secured by the Deed of Trust with Adjustable Rate Rider hereinabove <br /> identified shall accrue interest at a fixed rate of Seven and One Half percent (7_5%)throughout <br /> the remaining term of such indebtedness and, notwithstanding the provisions contained in the <br /> Adjustable Rate Rider, there shall be no further adjustments to such interest rate. The final <br /> maturity of such indebtedness as modified, secured by such Deed of Trust shall be July 1 , <br /> 2009, notwithstanding any other date of maturity which may have been specified in the Deed of <br /> Trust hereinabove identified. <br /> 2. Continuin�Effect. Except as specifically modified by this Deed of Trust <br /> Modification Agreement, all other terms and provisions of this Deed of Trust with Adjustable <br /> Rate Rider hereinabove identified shall remain in full force and effect. <br /> 3. Effect on Other Security. All real estate mortgages, deeds of trust, assignments <br /> and security agreements heretofore or concurrently herewith to be granted shall remain in full <br /> force and effect to the extent not inconsistent with this Deed of Trust Modification Agreement <br /> and shall continue as security for Borrowers remaining indebtedness previously existing until <br /> such sum shall be paid, as well as any future indebtedness owing from Borrower to the Lender <br /> for future advances and renewals in respect to all sums owing from Borrower to Lender. <br /> 4. Additional Documentation. Borrower further covenants to and with Lender that <br /> Borrower shall, and will, at any time, now or later, upon request, make, do, execute and deliver <br /> all such further and other acts, deeds and things as shall be reasonably required to effectuate the <br /> intention of this Deed of Trust Modification Agreement and to insure and confirm to the Lender <br /> all and singular the property, securities and rights described, and intended to be conveyed, as <br /> security so as to render the same, and all portions, whether now owned or later acquired, subject <br /> to these terms,provisions and conditions according to the true intent and purposes expressed. <br /> 5. Waiver. The failure of the Lender, at any time, to require the performance by the <br /> Borrower of any of these terms, covenants and agreements shall, in no way, affect its rights to <br /> enforce the same; nor the waiver by the Lender of any breach of any term, covenant or agreement <br /> be taken or held to be a waiver of any succeeding breach of any such term, covenant or <br /> agreement, or as a waiver of the term, covenant and Agreement itself. <br />
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