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200205703 AGREEMENT TO CONVERT This Agreement is made this 28th day of May 2002 , by and between United Nebraska Bank (the "Lender ") and Thomas G. Rogan and Mary L. Rogan, husband and wife (the "Borrower ") modifies and amends certain terms of Borrower's indebtedness evidenced by a Convertible ARM Note (the "Note ") to Lender dated Mav 28th , 2002 , which is secured by a Mortgage, Deed of Trust or Security Deed (the "Security Instrument ") of the same date and covering the property described in the Security Instrument and located at: 3425 Conrad Drive Grand Island, NE 68801 [Property Address] In consideration of Borrower's exercise of Borrower's option to convert Borrower's adjustable interest rate loan to a fixed interest rate loan pursuant to the provisions of the Note and the Convertible ARM Rider to the Security Instrument, the Note is hereby modified and amended as follows: Section 2 is changed to read: 2. INTEREST Interest will be charged on unpaid principal until the full amount of principal has been paid. I will pay interest at a yearly rate of 5.625 % both before and after any default described in Section 8(B) of this Note. 11. Section 3(B) is changed to read: (B) Amount of My Monthly Payments Each ofmy monthly payments beginning with the payment due July Is 2002 will be in the amount of U.S. $ 470.31 III. Section 3(C), 4 and 5 are deleted in their entirety. IV. Section 6 is changed to read: 6. BORROWER'S RIGHT TO PREPAY 1 have the right to make payments of principal at any time before they are due. A payment of principal only is known as a "Prepayment." When I make a Prepayment, I will tell the Note Holder in writing that I am doing so. I may not designate a payment as a Prepayment if I have not made all the monthly payments due under the Note. I may make a full Prepayment or partial Prepayments without paying any Prepayment charge. The Note Holder will use my Prepayments to reduce the amount of principal that I owe under this Note. However, the Note Holder may apply my Prepayment to the accrued and unpaid interest on the Prepayment amount before applying my Prepayment to reduce the principal amount of the Note, If I make a partial Prepayment, there will be no changes in the due dates of my monthly payments unless the Note Holder agrees in writing to those changes. In addition to the modifications to the Note stated above, Borrower understands that, upon the Borrower's signing this Agreement, the Lender will have the option to require immediate payment in full of all the sums secured bythe Security Instrument if all or any part of the Property or any Interest in it is sold or transferred without Lender's prior written consent, as provided in Uniform Covenant 18 of the Security Instrument. Except as stated in this Agreement, Borrower's promise to pay and the covenants and agreements under the Note and under the Security Instrument continue without change. In Witness Whereof, Borrower and Lender have executed this Agreement. United Nebraska Bank Name of Lender�� %[ Borrower Th nTS G. Ro an (Seal) Borrower Mary L. Rolian (Seal) Borrower (Seal) Borrower MULTISTATE AGREEMENT TO CONVERT -- Single Family -- Freddie Mac UNIFORM INSTRUM ENT Form3180 1101 (page I afl pages) 9906.CV (10 /00) G11583