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<br />IF THE LOAN MODIFICATION AGREEMENT MUST BE RECORDED, TWO
<br />ORIGINAL LOAN MODIFICATION AGREEMENTS MUST BE EXECUTED BY
<br />THE BORROWER: ONE ORIGINAL IS TO BE FILED WITH THE NOTE AND
<br />ONE ORIGINAL IS TO BE RECORDED IN THE LAND RECORDS WHERE
<br />THE SECURITY INSTRUMENT IS RECORDED
<br />This Loan Modification Agreement (the "Agreement "), made and effective this 15` day of
<br />August, 2005, between Central National Bank ( "Lender ") and Robert L. Dodendorf and Chawna
<br />L Dodendorf (`Borrower "), modifies and amends certain terms of Borrower's indebtedness
<br />evidenced by (1) the Note (the "Note ") to Lender dated the 17t" day of December, 2004, in the
<br />original principal sum of U.S. $150,000.00 and secured by (2) the Mortgage, Deed of Trust, or
<br />Security Deed (the "Security Instrument ") and Rider(s), if any, dated the same date as the Note
<br />and recorded as Instrument 200412303, of the Mortgage Records of Hall County, Nebraska. The
<br />Security Instrument covers the real and personal property described in the Security Instrument
<br />and defined as the "Property", located at:
<br />1404 S Harrison St, Grand Island, NE 68801
<br />the real property described being set forth as follows:
<br />LOT TWO (2), BRACH'S FIFTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br />COTJNTY, NEBRASKA.
<br />In consideration of the mutual promises and agreements exchanged, Lender and Borrower agree
<br />as follows (notwithstanding anything to the contrary contained in the Note and Security
<br />Instrument):
<br />Current Balance. As of August 1, 2005, the amount payable under the Note and
<br />Security Instrument (the "Unpaid Principal Balance ") is U.S. $36,667.62.
<br />Interest Rate. Borrower promises to pay the Unpaid Principal Balance, plus interest,
<br />to the order of Lender. Interest will be charged on the Unpaid Principal Balance at
<br />the yearly rate of 5.00 %, beginning August 1, 2005, both before and after any default
<br />described in the Note. The yearly rate of 5.00% will remain in effect until principal
<br />and interest is paid in full.
<br />Monthly Payments and Maturity Date. Borrower promises to make monthly
<br />payments of principal and interest of U.S. $297.87, beginning on the I" day of
<br />September, 2005, and continuing thereafter on the same day of each succeeding
<br />month until principal and interest are paid in full. If on January 1, 2020, (the
<br />"Maturity Date "), Borrower still owes amounts under the Note and the Security
<br />Instrument, as amended by this Modification Agreement, the Borrower will pay these
<br />amounts in full on the Maturity Date.
<br />4. Place of Payment. Borrower must make the monthly payments at Central National
<br />Bank, P.O. Box 268, Superior, NE 68978, or such other place as Lender may
<br />require.
<br />Partial PayMents. Borrower may make a full prepayment or partial prepayments
<br />without paying any prepayment charge. Lender will use the prepayments to reduce
<br />the amount of principal that Borrower owes under the Note. However, Lender may
<br />apply the Prepayment to the accrued and unpaid interest on the prepayment amount
<br />before applying the prepayment to reduce the principal amount of the Note. If
<br />Borrower makes a partial prepayment, there will be no changes in the due dates or
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<br />LOAN MODIFICATION AGREEMENT
<br />O
<br />(To a Fixed Interest Rate)
<br />IF THE LOAN MODIFICATION AGREEMENT MUST BE RECORDED, TWO
<br />ORIGINAL LOAN MODIFICATION AGREEMENTS MUST BE EXECUTED BY
<br />THE BORROWER: ONE ORIGINAL IS TO BE FILED WITH THE NOTE AND
<br />ONE ORIGINAL IS TO BE RECORDED IN THE LAND RECORDS WHERE
<br />THE SECURITY INSTRUMENT IS RECORDED
<br />This Loan Modification Agreement (the "Agreement "), made and effective this 15` day of
<br />August, 2005, between Central National Bank ( "Lender ") and Robert L. Dodendorf and Chawna
<br />L Dodendorf (`Borrower "), modifies and amends certain terms of Borrower's indebtedness
<br />evidenced by (1) the Note (the "Note ") to Lender dated the 17t" day of December, 2004, in the
<br />original principal sum of U.S. $150,000.00 and secured by (2) the Mortgage, Deed of Trust, or
<br />Security Deed (the "Security Instrument ") and Rider(s), if any, dated the same date as the Note
<br />and recorded as Instrument 200412303, of the Mortgage Records of Hall County, Nebraska. The
<br />Security Instrument covers the real and personal property described in the Security Instrument
<br />and defined as the "Property", located at:
<br />1404 S Harrison St, Grand Island, NE 68801
<br />the real property described being set forth as follows:
<br />LOT TWO (2), BRACH'S FIFTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br />COTJNTY, NEBRASKA.
<br />In consideration of the mutual promises and agreements exchanged, Lender and Borrower agree
<br />as follows (notwithstanding anything to the contrary contained in the Note and Security
<br />Instrument):
<br />Current Balance. As of August 1, 2005, the amount payable under the Note and
<br />Security Instrument (the "Unpaid Principal Balance ") is U.S. $36,667.62.
<br />Interest Rate. Borrower promises to pay the Unpaid Principal Balance, plus interest,
<br />to the order of Lender. Interest will be charged on the Unpaid Principal Balance at
<br />the yearly rate of 5.00 %, beginning August 1, 2005, both before and after any default
<br />described in the Note. The yearly rate of 5.00% will remain in effect until principal
<br />and interest is paid in full.
<br />Monthly Payments and Maturity Date. Borrower promises to make monthly
<br />payments of principal and interest of U.S. $297.87, beginning on the I" day of
<br />September, 2005, and continuing thereafter on the same day of each succeeding
<br />month until principal and interest are paid in full. If on January 1, 2020, (the
<br />"Maturity Date "), Borrower still owes amounts under the Note and the Security
<br />Instrument, as amended by this Modification Agreement, the Borrower will pay these
<br />amounts in full on the Maturity Date.
<br />4. Place of Payment. Borrower must make the monthly payments at Central National
<br />Bank, P.O. Box 268, Superior, NE 68978, or such other place as Lender may
<br />require.
<br />Partial PayMents. Borrower may make a full prepayment or partial prepayments
<br />without paying any prepayment charge. Lender will use the prepayments to reduce
<br />the amount of principal that Borrower owes under the Note. However, Lender may
<br />apply the Prepayment to the accrued and unpaid interest on the prepayment amount
<br />before applying the prepayment to reduce the principal amount of the Note. If
<br />Borrower makes a partial prepayment, there will be no changes in the due dates or
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