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DEED OF TRUST MODIFICATION AGREEMENT
<br />(Future Advance Provision)
<br />THIS MORTGAGE /DEED OF TRUST MODIFICATION AGREEMENT made and
<br />executed this 11TH of AUGUST. 2005, by and between STEPHEN K HANCOCK AND
<br />KAREN D HANCOCK, HUSBAND AND WIFE, hereinafter referred to as "Borrower ", and
<br />HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,
<br />hereinafter referred to as "lender ",
<br />WITNESSETH:
<br />WHEREAS, Borrower did execute a certain Deed of Trust dated JUNE 16, 1993, filed of
<br />record on JUNE 17 1993 in the HALL COUNTY REGISTER OF DEED'S OFFICE OF HALL
<br />COUNTY, NEBRASKA as DOCUMENT # 93- 105091: AND A DEED OF TRUST
<br />MODIFICATION AGREEMENT DATED JULY 16, 1998 AND RECORDED JULY 11, 1998
<br />AS DOC # 98- 107145; AND AN EXTENSION AGREEMENT DATED NOVEMBER 16, 1999
<br />AND RECORDED DECEMBER 3, 1999 AS DOC # 0099111506; described as:
<br />• TRACT OF LAND COMPRISING APART OF THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (NW I /4SW I/4) AND
<br />• PART OF THE NORTHEAST QUARTER OF THE SOUTHWESTQUARTER (NE1 /4 SEI /4) OF SECTION ELEVEN (11), TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6T" F.M., IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br />MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF SAID NORTHEAST
<br />QUARTER OF THE SOUTHWEST QUARTER (NE1 /4 SWI /4) THENCE RUNNING EAST ALONG THE NORTH LINE OF SAID
<br />NORTHEAST QUARTER OF THE SOUTHWEST QUARTER (NE1 /4 SW1/4) ON AN ASSUMED BEARING OF S 88 °53'27" A DISTANCE
<br />OF SIX HUNDRED NINETY NINE AND SEVENTY NINE HUNDREDTHS (699.79) FEET, TO A POINT ON THE NORTHERLY RIGHT
<br />OF WAY LINE OF THE UNION PACIFIC RAILROAD COMPANY; THENCE RUNNING S 64 °07'26 "W ALONG THE NORTHERLY
<br />RIGHT OF WAY LINE OF THE UNION PACIFIC RAILROAD COMPANY A DISTNACE OF SIX HUNDRED SEVENTY SIX AND FORTY
<br />EIGHT HUNDREDTHS (676.8) FEET; THENCE RUNNING N00 °00'00 "W, A DISTANCE OF EIGHTY THREE AND SEVENTY THREE
<br />HUNDREDTHS (83.3) FEET; THENCE RUNNING N90 °00'00" W A DISTANCE OF NINETY ONE (91.0) FEET, TO A POINT ON THE
<br />EAST LINE OF SAID NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (NW 1 /4SW 1/4); THENCE RUNNING S00 °00'00 "W
<br />ALONG THE EAST LINE OF SAID NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (NW I /4SW I/4), A DISTANCE OF ONE
<br />HUNDRED FIVE AND TWELVE HUNDREDTHS (105.12) FEET, TO THE NORTHEAST CORNER OF LOT TWO (2) SCHMADER
<br />SECOND SUBDIVISION; THENCE RUNNING N89 °05'35" W ALONG THE NORTHERLY LINE OF SCHMADER SECOND
<br />SUBDIVISION, A DISTANCE OF FOUR HUNDRED EIGHTY AND FOUR TENTHS (480.04) FEET; THENCE RUNNING N 05 °07'20 "W A
<br />DISTANCE OF TWO HUNDRED NINETY ONE AND SEVENTY THREE HUNDREDTHS (291.73) FEET, TO A POINT ON THE
<br />SOUTHERLY RIGHT OF WAY LINE OF 7TH STREET; THENCE RUNNING S 89 °05;42 "E A DISTANCE OF ONE HUNDRED SIXTEEN
<br />AND THIRTY THREE HUNDREDTHS (116,33) FEET; THENCE RUNNING N00 °00'00 "E, A DISTANCE OF FORTY (40) FEET, TO A
<br />POINT ON THE NORTH LINE OF SAID NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (NW 1 /4SW I /4); THENCE
<br />RUNNING S 89 °05'42 "E ALONG THE NORTH LINE OF SAID NORTHWEST QUARTER OF THE SOUTHWEST QUARTER
<br />(NWl /4SW1 /4) A DISTANCE OF THREE HUNNDRED NINETY (390.0) FEET TO THE POINT OF BEGINNING.
<br />WHEREAS, such Deed of Trust does not contain a provision regarding a right to future advances
<br />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 of Trust 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. Inco oration of Future Advance Ri ts. From and after the date of the execution
<br />of this Deed of Trust Modification Agreement, the indebtedness secured by the Deed of Trust
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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 this 11TH of AUGUST. 2005, by and between STEPHEN K HANCOCK AND
<br />KAREN D HANCOCK, HUSBAND AND WIFE, hereinafter referred to as "Borrower ", and
<br />HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,
<br />hereinafter referred to as "lender ",
<br />WITNESSETH:
<br />WHEREAS, Borrower did execute a certain Deed of Trust dated JUNE 16, 1993, filed of
<br />record on JUNE 17 1993 in the HALL COUNTY REGISTER OF DEED'S OFFICE OF HALL
<br />COUNTY, NEBRASKA as DOCUMENT # 93- 105091: AND A DEED OF TRUST
<br />MODIFICATION AGREEMENT DATED JULY 16, 1998 AND RECORDED JULY 11, 1998
<br />AS DOC # 98- 107145; AND AN EXTENSION AGREEMENT DATED NOVEMBER 16, 1999
<br />AND RECORDED DECEMBER 3, 1999 AS DOC # 0099111506; described as:
<br />• TRACT OF LAND COMPRISING APART OF THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (NW I /4SW I/4) AND
<br />• PART OF THE NORTHEAST QUARTER OF THE SOUTHWESTQUARTER (NE1 /4 SEI /4) OF SECTION ELEVEN (11), TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6T" F.M., IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br />MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF SAID NORTHEAST
<br />QUARTER OF THE SOUTHWEST QUARTER (NE1 /4 SWI /4) THENCE RUNNING EAST ALONG THE NORTH LINE OF SAID
<br />NORTHEAST QUARTER OF THE SOUTHWEST QUARTER (NE1 /4 SW1/4) ON AN ASSUMED BEARING OF S 88 °53'27" A DISTANCE
<br />OF SIX HUNDRED NINETY NINE AND SEVENTY NINE HUNDREDTHS (699.79) FEET, TO A POINT ON THE NORTHERLY RIGHT
<br />OF WAY LINE OF THE UNION PACIFIC RAILROAD COMPANY; THENCE RUNNING S 64 °07'26 "W ALONG THE NORTHERLY
<br />RIGHT OF WAY LINE OF THE UNION PACIFIC RAILROAD COMPANY A DISTNACE OF SIX HUNDRED SEVENTY SIX AND FORTY
<br />EIGHT HUNDREDTHS (676.8) FEET; THENCE RUNNING N00 °00'00 "W, A DISTANCE OF EIGHTY THREE AND SEVENTY THREE
<br />HUNDREDTHS (83.3) FEET; THENCE RUNNING N90 °00'00" W A DISTANCE OF NINETY ONE (91.0) FEET, TO A POINT ON THE
<br />EAST LINE OF SAID NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (NW 1 /4SW 1/4); THENCE RUNNING S00 °00'00 "W
<br />ALONG THE EAST LINE OF SAID NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (NW I /4SW I/4), A DISTANCE OF ONE
<br />HUNDRED FIVE AND TWELVE HUNDREDTHS (105.12) FEET, TO THE NORTHEAST CORNER OF LOT TWO (2) SCHMADER
<br />SECOND SUBDIVISION; THENCE RUNNING N89 °05'35" W ALONG THE NORTHERLY LINE OF SCHMADER SECOND
<br />SUBDIVISION, A DISTANCE OF FOUR HUNDRED EIGHTY AND FOUR TENTHS (480.04) FEET; THENCE RUNNING N 05 °07'20 "W A
<br />DISTANCE OF TWO HUNDRED NINETY ONE AND SEVENTY THREE HUNDREDTHS (291.73) FEET, TO A POINT ON THE
<br />SOUTHERLY RIGHT OF WAY LINE OF 7TH STREET; THENCE RUNNING S 89 °05;42 "E A DISTANCE OF ONE HUNDRED SIXTEEN
<br />AND THIRTY THREE HUNDREDTHS (116,33) FEET; THENCE RUNNING N00 °00'00 "E, A DISTANCE OF FORTY (40) FEET, TO A
<br />POINT ON THE NORTH LINE OF SAID NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (NW 1 /4SW I /4); THENCE
<br />RUNNING S 89 °05'42 "E ALONG THE NORTH LINE OF SAID NORTHWEST QUARTER OF THE SOUTHWEST QUARTER
<br />(NWl /4SW1 /4) A DISTANCE OF THREE HUNNDRED NINETY (390.0) FEET TO THE POINT OF BEGINNING.
<br />WHEREAS, such Deed of Trust does not contain a provision regarding a right to future advances
<br />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 of Trust 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. Inco oration of Future Advance Ri ts. 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 />
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