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DEED OF TRUST MODIFICATION AGREEMENT
<br />(Variable Rate to Fixed)
<br />THIS DEED OF TRUST MODIFICATION AGREEMENT made and executed this
<br />day of APRIL, 2003, by and between JASON J MORLEDGE AND LISA A
<br />MORLEDGE HUSBAND AND WIFE hereinafter referred to as "Borrower ", and HOME
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred
<br />to as "lender ",
<br />WITNESSETH:
<br />WHEREAS, Borrower did execute a certain Adjustable Rate Note payable to the order of
<br />the Lender in the total•original amount of ONE HUNDRED FORTY EIGHT THOUSAND AND
<br />NO /100 , Dollars ($148,000.00);
<br />WHEREAS, the Note described above was secured by a Deed of Trust with Adjustable
<br />Rate Rider dated SEPTEMBER 27, 2002, filed of record in the Office of the HALL COUNTY
<br />REGISTER OF DEED'S OFFICE on SEPTEMBER 27, 2002 as Document No. 0200210343
<br />in respect to that real estate described as:
<br />LOT ELEVEN (11), IN BLOCK THREE (3), LAKE DAVIS ACRES SUBDIVISION, HALL
<br />COUNTY, NEBRASKA
<br />WHEREAS, Borrower has requested that interest be converted to a fixed rate rather than the
<br />variable rate specified by such Deed of Trust with Adjustable Rate Rider and that the stated
<br />maturity date be also hereby modified;
<br />WHEREAS, Lender is willing to convert such variable rate loan into a fixed rate loan to
<br />be secured by such Deed of Trust with Adjustable Rate Rider and modify the existing maturity
<br />date;
<br />WHEREAS, Borrower and Lender hereby desire to amend the existing Deed of Trust
<br />with Adjustable Rate Rider identified hereinabove to provide that it shall continue to secure the
<br />presently remaining indebtedness from and after the date hereinafter specified together with a
<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 Maturity Modification. Commencing effective MAY 1, 2003,
<br />the indebtedness secured by the Deed of Trust with Adjustable Rate Rider hereinabove identified
<br />shall accrue interest at a fixed rate of FIVE AND THREE/FOURTHS percent 5.75%
<br />throughout the remaining term of such indebtedness and, notwithstanding the provisions
<br />contained in the Adjustable Rate Rider, there shall be no further adjustments to such interest
<br />rate. The final maturity of such indebtedness as modified, secured by such Deed of Trust shall
<br />be APRIL 1, 2018, notwithstanding any other date of maturity which may have been specified
<br />in the Deed of Trust hereinabove identified.
<br />2. Continuing 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.
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<br />DEED OF TRUST MODIFICATION AGREEMENT
<br />(Variable Rate to Fixed)
<br />THIS DEED OF TRUST MODIFICATION AGREEMENT made and executed this
<br />day of APRIL, 2003, by and between JASON J MORLEDGE AND LISA A
<br />MORLEDGE HUSBAND AND WIFE hereinafter referred to as "Borrower ", and HOME
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred
<br />to as "lender ",
<br />WITNESSETH:
<br />WHEREAS, Borrower did execute a certain Adjustable Rate Note payable to the order of
<br />the Lender in the total•original amount of ONE HUNDRED FORTY EIGHT THOUSAND AND
<br />NO /100 , Dollars ($148,000.00);
<br />WHEREAS, the Note described above was secured by a Deed of Trust with Adjustable
<br />Rate Rider dated SEPTEMBER 27, 2002, filed of record in the Office of the HALL COUNTY
<br />REGISTER OF DEED'S OFFICE on SEPTEMBER 27, 2002 as Document No. 0200210343
<br />in respect to that real estate described as:
<br />LOT ELEVEN (11), IN BLOCK THREE (3), LAKE DAVIS ACRES SUBDIVISION, HALL
<br />COUNTY, NEBRASKA
<br />WHEREAS, Borrower has requested that interest be converted to a fixed rate rather than the
<br />variable rate specified by such Deed of Trust with Adjustable Rate Rider and that the stated
<br />maturity date be also hereby modified;
<br />WHEREAS, Lender is willing to convert such variable rate loan into a fixed rate loan to
<br />be secured by such Deed of Trust with Adjustable Rate Rider and modify the existing maturity
<br />date;
<br />WHEREAS, Borrower and Lender hereby desire to amend the existing Deed of Trust
<br />with Adjustable Rate Rider identified hereinabove to provide that it shall continue to secure the
<br />presently remaining indebtedness from and after the date hereinafter specified together with a
<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 Maturity Modification. Commencing effective MAY 1, 2003,
<br />the indebtedness secured by the Deed of Trust with Adjustable Rate Rider hereinabove identified
<br />shall accrue interest at a fixed rate of FIVE AND THREE/FOURTHS percent 5.75%
<br />throughout the remaining term of such indebtedness and, notwithstanding the provisions
<br />contained in the Adjustable Rate Rider, there shall be no further adjustments to such interest
<br />rate. The final maturity of such indebtedness as modified, secured by such Deed of Trust shall
<br />be APRIL 1, 2018, notwithstanding any other date of maturity which may have been specified
<br />in the Deed of Trust hereinabove identified.
<br />2. Continuing 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.
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