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fi r, C) <br />�dd n= <br />s v n <br />N <br />p <br />CM <br />ej <br />W N <br />N <br />+_ <br />CM y <br />DEED OF TRUST MODIFICATION AGRF,FMENT <br />(Variable Rate to Fixed) <br />THIS DEED OF TRUST MODIFICATION AGRF,EMENT made and executed this <br />' day of JANUARY. 2002, by and between LONNIE L LOGAN AND CATHY A LOGAN, <br />HUSBAND AND WIFE, hereinafter referred to as `Borrower ", and HOME FF,DERAL <br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as <br />"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 SIXTY THOUSAND AND NO /100. Dollars <br />($60,000.00); <br />WHEREAS, the Note described above was secured by a Deed of Trust with Adjustable <br />Rate Rider dated MAY 31, 2000 filed of record in the Office of the Hall County Register of <br />Deeds on JUNF. 1 2000 as Document No. 0200004473 in respect to that real estate described <br />as: <br />LOT SIX (6) BLOCK F,IGHTY -THREE (83) WHEELER AND BENNETT'S FOURTH <br />ADDITION 110 GRAND ISLAND, HALh COUNTY, NEBRASKA <br />AND <br />LOT SEVEN (7) BLOCK EIGHTY -THREE (83) WHEELER & BENNETT'S FOURTH <br />ADDITION 1'O THE CITY OF GRAND ISLAND, HALL 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 FEBRUARY 1 <br />2002 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 THREE/F'OURTHS percent <br />7.75% 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 />