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200208091
<br />Loan No.: 1174968 -6
<br />the real property described being set forth as follows:
<br />THE LAND REFERRED TO IS SITUATED IN THE STATE. OF NEBRASKA. COUNTY OF HALL. CITY OF
<br />GRAND ISLAND, AND DESCRIBED AS FOLLOWS_
<br />NORTH FOURTEEN (14) FEET OF LOT ONE (1), BLOCK TWENTY -TWO (22), IN SCARFF'S ADDITION
<br />TO WEST LAWN, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY. NEBRASKA AND
<br />A TRACT OF LAND ABUTTING AND MORE PARTICULARLY DESCRIBED IN DOCUMENT NO. 97-
<br />108699 IN TILE DEED RECORDS OF HALL COUNTY. NEBRASKA.
<br />A.P. NO.: 400089033 5EE AII-AITAGp FXHIj3tI 'A"
<br />In consideration of the mutual promises and agreements exchanged, the parties hereto agree as follows
<br />(notwithstanding anything to the contrary contained in the Note or Security Instrument):
<br />1. As of July 1st, 2002 , the amount payable under the Note and the Security Instrument
<br />(the "Unpaid Principal Balance ") is U.S. $ 67,020.27 , consisting of the amount(s) loaned to the Borrower
<br />by the Lender and any interest capitalized to date.
<br />2. The Borrower premises to pay the Unpaid Principal Balance, plus interest, to the order of the
<br />Lender. Interest will be charged on the Unpaid Principal Balance at the yearly rate of 8 000 %, from
<br />July 1st, 2002 . The Borrower promises to make monthly payments of principal and interest of
<br />U.S. $ 515.14 , begmung on the 1st day of August , 2002 , and continuing thereafter on
<br />the same day of each succeeding month mitil principal and inlcraSl are paid in full If on November 1, 207 ,
<br />(the "Maturity Date'), the Borrower still owes amounts under dic Note and the Security Instrument, as amended by
<br />this Agreement, the Borrower will pay these amounts in full on the Maturity Date,
<br />The Borrower will make such payments at Principal Residential Mortgage, Inc., 711 High Street, Des
<br />Moincs, Iowa 5M92-0790
<br />or at such other place as the Lender may require.
<br />3. if all or any pmt of the Property or any interest in it is sold or transferred (or if a beneficial interest
<br />in the Borrower is sold or transferred and the Borrower is not a natural person) without the Lenders prior written
<br />consent, the Lender may, at its option, require immediate payment in Lill of all stuns secured by this Security
<br />Instrument.
<br />If the Lender exercises this option, the Lender shall give the Borrower notice of acceleration. The notice
<br />shall provide a period of not less than 30 days from the date the notice is delivered or mailed within wluch the
<br />Borrower must pay all sums secured by this Security. histrunrent. If the Borrower Fails to pay these sums prior to the
<br />expiration of this period, the Lender may invoke any remedies permitted by this Security Instrument without further
<br />notice or demand on the Borrower.
<br />4. The Borrower also will comply with all other covens, agreements, and rcxlirireuentS of the
<br />Security Instrument, including without limitation, the Borrower's covenants mid agrecmcros to make all payments of
<br />laws, insurance premiums, assessments, escrow items, impounds, and all other payments that the Borrower is
<br />obligmcd to make under the Security Instrument; however, the following terms mid provisions are forever canceled,
<br />nail and void, as of the specified date in Paragraph No. 1 above.
<br />(a) all terms and provisions of the Note and Security Insmument (if any) providing for, implementing,
<br />or retating to, any change or adjustment in the rate of interest payable under the Note, and
<br />(b) all terns and provisions of any adjustable rate rider or other instrun au or document that is affixed
<br />to, wholly, or partly incorporated into, or is part of, the Note or Security hisvunenl and that contains any such terms
<br />and provisions as those referred to in (a) above.
<br />Init hriL,d p,v Inkidl T61.i,Is_
<br />M
<br />MULTISTATRLOAt DIFICATION AGREEMENT // Page2 ord
<br />(FNMA Modifiul Furm 31792/68)
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