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<br />
<br />LOAN MODIFICATION AGREEMENT
<br />(To a Fixed Interest Rate)
<br />
<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 SECUlUTY INSTRUMENT IS-RECORDED
<br />
<br />This loan Modification Agreement (the" Agreement"), made and effectiye this 1 st day of
<br />April, 2006, between Central National Bank ('iLender") and Carlos Perez and Nubia C. Perez
<br />("Borrower"), modifies and amends cenain tenus of Borrower's indebtedness evidenced by (1)
<br />the Note (the "Note") to Lender dated the 30th day of September, 2002, in the original principal
<br />sum of U.S. $50,000.00 and secured by (2) the Mongage, need ofTmst, or Security Deed (the
<br />"Security lnstrument") and Rider(s), if any, dated the same date as the Note and recorded as
<br />Instrument 0200210640, of the Mongage Records of Hall County, Nebraska. The Security
<br />Instrument coverS the real and personal property described in the Security Instrument and defined
<br />as the "Property", located at:
<br />
<br />287 S. Kimball, Grand Island, Nebraska 68801
<br />
<br />the real property described being set forth as follows:
<br />
<br />THE WESTNINETY-N!NE (99) FEET OF LOT FOUR. (4), BLOCK ONE (1), HANN'S
<br />SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<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 />
<br />1. Current Balance. As of April I st, 2006, the amowlt payable under the Note and
<br />Security Instrument (the "Unpaid Principal Balance") is U.S. $17,712.38.
<br />
<br />2. 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 6.50%, beginning May 1 ~l, 2006, both before and after any default
<br />described in the Note. The yearly rate of 6.50% will remain in effect until principal
<br />and interest is paid in full.
<br />
<br />3. Monthly Payments and Maturity Date. Borrower promises to make monthly
<br />payments of principal and interest of U.S. $116.92, beginning on the In day of May,
<br />2006, and continuing thereafter on the same day of each succeeding month until
<br />principal and interest are paid in full. If on October I, 2032, (the "Maturity Date"),
<br />Borrower still owes amounts under the Note and the Security Instrument, as amended
<br />by this Modification Agreement, the Borrower will pay these amounts in full on the
<br />Maturity Date.
<br />
<br />- 4.
<br />
<br />Placelo-rPavmefit.-norrower musnnakethe monthly payments at Central National-
<br />Bank, P.O. Box 268, Superior, NE 68978, or such other place as Lender may
<br />requite.
<br />
<br />5. 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
<br />
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