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200503419 I 74 7TiL1►14ZIa1107_1► ION 1114zNMZ,F- T -C1;1l lr This Permanent Loan Extension Agreement (this "Agreement ") is made to be effective as of the 13`r' day of April, 2005, and is incorporated into and shall be deemed to amend, supplement and extend the Mortgage, Deed of Trust, Deed or Security Deed (the "Security Instrument ") dated as of the 8 "' day of August, 2004, executed by the undersigned Borrower(s) (referred to herein as "Borrower", whether one or more), in favor of Wells Fargo Bank, National Association ( "Lender"). (Lender and its successors and assigns shall be referred to herein as the "Note Holder ".) The Security Instrument secures a Note (the "Note ") dated the same date as the Security Instrument payable to the order of Lender. All terms defined in the Security Instrument shall have the same meaning in this Agreement. This mortgage was recorded as instrument 0200408018 ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower (and each Borrower if more than one) further covenants and agrees as follows: 1. PERMANENT LOAN. The Security Instrument, as amended and extended by this Agreement, secures a permanent mortgage loan that replaces a construction loan between Lender and Borrower dated the same date as the Security Instrument and evidenced by the Note with a Construction Loan Addendum Amending Note. The Note, as amended by a Permanent Loan Addendum amending Note, evidences the permanent mortgage loan. Upon execution of this Agreement and the Permanent Loan Addendum, the terms and conditions of the Construction Loan Addendum Amending Note shall be of no further force and effect. DEFINITIONS. The definitions set forth in the Security Instrument are amended as follows: "Lender ". Lender's address is P.O. Box 10304, Des Moines, IA 50306 -0304. "Note ". The Note states that the Borrower owes Lender One hundred fifty two thousand Dollars (U.S. $152,000.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than May 1, 2035. "Riders ". Riders are to be executed by Borrower [check box as applicable]: • Adjustable Rate Rider o Condominium Rider • Balloon Rider o PUD Rider • VA Rider o Biweekly Payment Rider o Second Home Rider 0 1 -4 Family Rider o Other(s) [specify] BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Addendum. ,BORR WER f David M Swantek STATE OF.t'j County ss: Su nne R Swantek iL" e On this J2,1�'day of �; l Notary Public in and for said county and in said state, hereby certify that pa vi d In whose name(s) is /are signed f`o he foregoing conveyance, and who is /are know to me, acknowledged before me that, being zz nd informed of the contents of the conveyance, he /she /they executed the same voluntarily and as his /her /their act on the day the S. �:,�� e same bears date. t4�_ 5v;ri�t�Ek Given under my hand and seal of office this 13 day of *rl, My Commission Expires: ' 6 / ac?�21p GENERAY � State of NeSEN of ry ublic SHAUNA CHR ►S My Comm. Exp. Prepared By: Dana Anderson AEB:BBG \Constr \Const Notc Rider- Final.doc