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<br />When Reeordetl Refilm To: MOD 1
<br />First American Title Company m p &
<br />-- - POBox 27670 /.) Cl? ,:;- () -;?Q
<br />S~nta A'na, CA 92799 U, () {/'<>.J I V
<br />Attl1: Loss Mitigation Titlc Services
<br />
<br />~ase Home Fin~nce LLC-
<br />3415 Vision Drive
<br />Columbus, Ohio 43219
<br />Prepared by Carlos A. Ridley*"
<br />Re: 1967519652
<br />FHA: 321-2275216-703
<br />1-800-446-8939
<br />
<br />LOAN MODIFICA nON AGREEMENT
<br />(Providing for Fixed Interest Rate)
<br />
<br />';:0.50
<br />
<br />This Loan Modification Agreement ("Agreement"), made effective the First day of April, 2006,
<br />between MICHAEL R GRAGG, Single, 223 EAST 15TH ST, GRAND ISLAND, NEBRASKA 68801
<br />("Borrower") and Chase Home Finance LLC, successor by merger to Chase Manhattan Mortgage
<br />Corporation 3415 Vision Drive, Columbus, Ohio 43219 ("Lender"), amends and supplements (1) the
<br />Mortgage, Deed of Trust, or Deed to Secure Debt (the "Security Instrument") to Mortgage Electronic
<br />Registration Systems Inc" as nominee for Equitable Mortgage Corporation, A Missouri Corporation,
<br />dated June 06, 2003, and recorded in instrument number 200307353, on June 11,2003, of the Records of
<br />Hall County, and subsequently assigned to Mortgage Electronic Registration Systems Inc of the Records
<br />of Hall County, (2) the Note bearing the same date as, and secured by, the Security Instrument ("Note"),
<br />(collectively, the "Loan Documents"), which cover the real and personal property described in the
<br />Security Instrument and defined therein as the "Property", located at 223 EAST 15TH ST, GRAND
<br />ISLAND, NEBRASKA 68801, with the original principal balance U.S. $52,670.00, and the principal
<br />balance before the loan modification being U.S. $51,614.05, the real property described being set forth as
<br />follows:
<br />
<br />LOT ONE (1), IN BLOCK SEVENTY -SIX (76), IN WHEELER AND BENNETT'S THIRD ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />ASSESSOR'S PARCEL NUMBER: 400125315
<br />
<br />In consideration of the mutual promises and agreements exchanged, the parties hereto agree as
<br />follows (notwithstanding anything to the contrary contained in the Loan Documents):
<br />
<br />1. As of April 1, 2006, the amount payable under the Loan Documents is U.S. $55,981.96
<br />consisting of the old principal balance in the amount of$51,614.05 and the amount
<br />capitalized in the amount of $4,367.91.
<br />
<br />2. The Maturity Date ofthe above referenced Note has not been amended from June 01, 2033.
<br />
<br />3. The Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of the
<br />Lender. Interest will be charged on the Unpaid Principal Balance at yearly rates as specified
<br />below:
<br />
<br />(a) The rate of 6.500% for the payments due from May 1,2006 through and including June
<br />01,2033.
<br />
<br />4. The Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of the
<br />Lender. The Borrower promises to make monthly payments of principal and interest as
<br />specified below:
<br />
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