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DEED OF TRiJST MODIFICATION AGREEMENT
<br />(Future Advance Provision)
<br />THIS MORTGAGE /DEED OF TRUST MODIFICATION AGREEMENT made and
<br />executed this 13TH of MAY 2002, by and between TERRY C SHEEN AND MELANIE S �-
<br />0
<br />SIIEEN HUSBAND AND WIFE, hereinafter referred to as `Borrower ", and HOME FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as
<br />"lender", o
<br />WITNESSETI I:
<br />WHEREAS, Borrower did execute a certain Deed of Trust dated SEPTEMBER 10
<br />1949 filed of record in the OFFICE OF THE HALL COUNTY REGISTER OF DEEDS on
<br />SEPTEMBER 17. 1999 as DOCUMENT # 99109228 in respect to that real estate described as:
<br />LOT THREE (3), IN BLOCK TWO (2) IN SOUTHERN ACRES, AN ADDITION TO THE
<br />CITY OF GRAND ISLAND, 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 beer no filings of record subsequent to the date of the
<br />recording of that Deed of Trust hereinabove identified;
<br />WI IEREAS, 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'I'rust
<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 />$139990.03 whichever is greater.
<br />2. Continuing Effect Except as specifically modified by this Deed of Trust
<br />Agreement, all other terms and provisions of this Deed of Trust hereinabove identified shall
<br />remain in full force and effect.
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<br />DEED OF TRiJST MODIFICATION AGREEMENT
<br />(Future Advance Provision)
<br />THIS MORTGAGE /DEED OF TRUST MODIFICATION AGREEMENT made and
<br />executed this 13TH of MAY 2002, by and between TERRY C SHEEN AND MELANIE S �-
<br />0
<br />SIIEEN HUSBAND AND WIFE, hereinafter referred to as `Borrower ", and HOME FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as
<br />"lender", o
<br />WITNESSETI I:
<br />WHEREAS, Borrower did execute a certain Deed of Trust dated SEPTEMBER 10
<br />1949 filed of record in the OFFICE OF THE HALL COUNTY REGISTER OF DEEDS on
<br />SEPTEMBER 17. 1999 as DOCUMENT # 99109228 in respect to that real estate described as:
<br />LOT THREE (3), IN BLOCK TWO (2) IN SOUTHERN ACRES, AN ADDITION TO THE
<br />CITY OF GRAND ISLAND, 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 beer no filings of record subsequent to the date of the
<br />recording of that Deed of Trust hereinabove identified;
<br />WI IEREAS, 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'I'rust
<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 />$139990.03 whichever is greater.
<br />2. Continuing Effect Except as specifically modified by this Deed of Trust
<br />Agreement, all other terms and provisions of this Deed of Trust hereinabove identified shall
<br />remain in full force and effect.
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