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THIS MORTGAGE/DEED OF TRUST MODIFICATION AGREEMENT made and
<br />executed thisd13n� of July, 2002, by and between B & B Rental Properties, Inc. a Nebraska �9
<br />Corporation, hereinafter referred to as "Borrower ", and HOME. FEDERAL SAVINGS AND so
<br />LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "lender ",
<br />WITNESSETH:
<br />WHEREAS, Borrower did execute a certain Deed of Trust dated April 13, 1998, filed of
<br />record in the OFFICE OF THE HALT. COUNTY REGISTER OF DEEDS on April 14, 1998 as
<br />Document No. 98- 103402; and filed April 16, 1998 in Howard County in BK 98, Page 2195 and
<br />was modified on April 30, 1999 and filed for record on May 17, 1999, in the office of the
<br />Register of Deed of Hall County, Nebraska as Instrument No. 99- 105051 and filed May 27, 1999
<br />in Howard County Book 99 of Records Page 1869 in respect to that real estate described as:
<br />See Attached Exhibit A.
<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 Deed
<br />of Trust provided there shall have been no filings of record subsequent to the date of the
<br />recording of that Deed oft rust hereinabove identified;
<br />WHEREAS, 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 Trust
<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 "Rust:
<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 />$165,683.35 whichever is greater.
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<br />DEED OF TRUST MODIFICATION AGREEMENT
<br />(Future Advance Provision)
<br />THIS MORTGAGE/DEED OF TRUST MODIFICATION AGREEMENT made and
<br />executed thisd13n� of July, 2002, by and between B & B Rental Properties, Inc. a Nebraska �9
<br />Corporation, hereinafter referred to as "Borrower ", and HOME. FEDERAL SAVINGS AND so
<br />LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "lender ",
<br />WITNESSETH:
<br />WHEREAS, Borrower did execute a certain Deed of Trust dated April 13, 1998, filed of
<br />record in the OFFICE OF THE HALT. COUNTY REGISTER OF DEEDS on April 14, 1998 as
<br />Document No. 98- 103402; and filed April 16, 1998 in Howard County in BK 98, Page 2195 and
<br />was modified on April 30, 1999 and filed for record on May 17, 1999, in the office of the
<br />Register of Deed of Hall County, Nebraska as Instrument No. 99- 105051 and filed May 27, 1999
<br />in Howard County Book 99 of Records Page 1869 in respect to that real estate described as:
<br />See Attached Exhibit A.
<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 Deed
<br />of Trust provided there shall have been no filings of record subsequent to the date of the
<br />recording of that Deed oft rust hereinabove identified;
<br />WHEREAS, 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 Trust
<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 "Rust:
<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 />$165,683.35 whichever is greater.
<br />
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