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This Loan Modification Agreement ( "Agreement'), made this September 1, 2002, between DONALD D.
<br />MEHRING, and DONALD D. MEHRING, TRUSTEE FOR NANCY A. ERWIN TRUST, and DONALD D. S
<br />MEHRING, TRUSTEE FOR JOHN M. MEHRING TRUST, and DONALD D. MEHRING, TRUSTEE
<br />CHRISTIAN S. MEHRING TRUST and DONALD D. MERRING, TRUSTEE ELIZABETH A. ERWIN TRUST,
<br />( "Borrower "), and WELLS FARGO BANK NEBRASKA, N.A. F /K/A THE OVERLAND NATIONAL BANK OF
<br />GRAND ISLAND ( "Lendef'), amends and supplements (1) the Mortgage, Deed of Trust, or Security Deed (the
<br />"Security Instnunem "),dated August 1, 1994 and recorded on August 24, 1994 in Document # 94- 107064 and Deed
<br />of Trust Modification Agreement dated May 4, 1995, recorded on May 25, 1995, in Document # 95- 103419, of the
<br />Official Records of Hall County, NE, and (2) the Note bearing the same date as, and secured by, the Security
<br />Instrument, which covers the real and personal property described in the Security Instrument and defined therein as
<br />the "Property", located m 3415 W STATE STREET, GRAND ISLAND, NE 68803, the real property described
<br />being set forth as follows:
<br />SEE EXHIBIT "A" ATTACHED.
<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 />I. As of September 1, 2002, the amount payable under the Note and the Security Instrument (the
<br />"Unpaid Principal Balance") is U. S. $328,034.23, consisting of the amounts) loaned to Borrower by
<br />Lender and any interest capitalized to date.
<br />2. Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of Lender.
<br />Interest will be charged on the Unpaid Principal Balance at the yearly rate of 6.5 %, from September 1,
<br />2002. Borrower promises to make monthly payments of principal and interest of U.S. $6,322.17, beginning
<br />on October 1, 2002, and continuing thereafter on the same day of each succeeding month until principal
<br />and interest are paid in full, If on October 1, 2007, (the `Maturity Date "), Borrower still awes amounts
<br />under the Note and the Security Instrument, as amended by this Agreement, Borrower will pay these
<br />amounts in full on the Maturity Date.
<br />Borrower will make such payments at Wells Fargo Home Mortgage, Inc., I Home Campus, Des
<br />Moines, Iowa 503284001 or at such other place as Lender may require.
<br />3. If all or any pan of the Property or any Interest in the Property is sold or transferr ed (or if
<br />Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred)
<br />without Lender's prior written consent, Lender may require immediate payment in full of all sums
<br />secured by this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice
<br />shall provide a period of not less than 30 days from the date the notice is given in accordance with
<br />Section 15 within which Borrower must pay all sums secured by this Security Instrument If
<br />Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />4. Borrower also will comply with all other covenants, agreements, and requirements of the Security
<br />Instrument, including without limitation, Borrower's covenants and agreements to make all
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<br />ATTN: MICHELLEESTRADA
<br />Loan Number: 2394361
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<br />File Number: M02012529
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<br />LOAN MODIFICATION AGREEMENT
<br />(Providing for Fixed Interest Rate)
<br />This Loan Modification Agreement ( "Agreement'), made this September 1, 2002, between DONALD D.
<br />MEHRING, and DONALD D. MEHRING, TRUSTEE FOR NANCY A. ERWIN TRUST, and DONALD D. S
<br />MEHRING, TRUSTEE FOR JOHN M. MEHRING TRUST, and DONALD D. MEHRING, TRUSTEE
<br />CHRISTIAN S. MEHRING TRUST and DONALD D. MERRING, TRUSTEE ELIZABETH A. ERWIN TRUST,
<br />( "Borrower "), and WELLS FARGO BANK NEBRASKA, N.A. F /K/A THE OVERLAND NATIONAL BANK OF
<br />GRAND ISLAND ( "Lendef'), amends and supplements (1) the Mortgage, Deed of Trust, or Security Deed (the
<br />"Security Instnunem "),dated August 1, 1994 and recorded on August 24, 1994 in Document # 94- 107064 and Deed
<br />of Trust Modification Agreement dated May 4, 1995, recorded on May 25, 1995, in Document # 95- 103419, of the
<br />Official Records of Hall County, NE, and (2) the Note bearing the same date as, and secured by, the Security
<br />Instrument, which covers the real and personal property described in the Security Instrument and defined therein as
<br />the "Property", located m 3415 W STATE STREET, GRAND ISLAND, NE 68803, the real property described
<br />being set forth as follows:
<br />SEE EXHIBIT "A" ATTACHED.
<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 />I. As of September 1, 2002, the amount payable under the Note and the Security Instrument (the
<br />"Unpaid Principal Balance") is U. S. $328,034.23, consisting of the amounts) loaned to Borrower by
<br />Lender and any interest capitalized to date.
<br />2. Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of Lender.
<br />Interest will be charged on the Unpaid Principal Balance at the yearly rate of 6.5 %, from September 1,
<br />2002. Borrower promises to make monthly payments of principal and interest of U.S. $6,322.17, beginning
<br />on October 1, 2002, and continuing thereafter on the same day of each succeeding month until principal
<br />and interest are paid in full, If on October 1, 2007, (the `Maturity Date "), Borrower still awes amounts
<br />under the Note and the Security Instrument, as amended by this Agreement, Borrower will pay these
<br />amounts in full on the Maturity Date.
<br />Borrower will make such payments at Wells Fargo Home Mortgage, Inc., I Home Campus, Des
<br />Moines, Iowa 503284001 or at such other place as Lender may require.
<br />3. If all or any pan of the Property or any Interest in the Property is sold or transferr ed (or if
<br />Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred)
<br />without Lender's prior written consent, Lender may require immediate payment in full of all sums
<br />secured by this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice
<br />shall provide a period of not less than 30 days from the date the notice is given in accordance with
<br />Section 15 within which Borrower must pay all sums secured by this Security Instrument If
<br />Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />4. Borrower also will comply with all other covenants, agreements, and requirements of the Security
<br />Instrument, including without limitation, Borrower's covenants and agreements to make all
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