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<br />88- 104037 <br /> <br />LOAN MODIFICATION AGREEMENT <br /> <br />THIS LOAN MODIFICATION AGREEMENT made and executed this <br />~ day of July , 19 88, by and between Robert L. Wagner and <br />EDna Frances Wagner. Husband and Wife ' hereinafter <br />called the "Borrowers" 1 and THE OVERLAND NATIONAL BANK OF GRAND <br />ISLAND, NEBRASKA, hereinafter called the "Lender". <br /> <br />WIT N E SSE T H: <br /> <br />WHEREAS, the Borrowers have executed a certain Note in the <br />original amount of Seventeen thousand eight hundred and no/100----- <br />_______ Dollars ($17.800.00 ), dated June 24 , 19~1 <br /> <br />WHEREAS, there is presently outstanding a remaining princi- <br />pal sum in respect to said Note in the amount of Fourteen thousand <br />seven hundred fifty and no/100----------------- Dollars <br />($ 14.750.00 ) 1 <br /> <br />WHEREAS, Borrowers have made application to the Lender to <br />adjust the terms of payment in respect to said Note; and <br /> <br />WHEREAS, Lender has agreed to adjust the terms for payment <br />in respect to such Note contingent upon the Borrowers' perform- <br />ance in accordance with the provisions of this Loan Modification <br />Agreement, <br /> <br />NOW, THEREFORE, in consideration of the mutual covenants <br />herein contained, it is agreed: <br /> <br />1. In accordance with the terms of this Loan Modification <br />Agreement, the terms in respect to payment of the existing Note <br />dated June 24 , 19 85, are hereby modified to provide that <br />the remaining principal sum of Fourteen thousand seven hundred fifty and <br />no/100----------- Dollars ($ 14.750.00 ), with interest <br />from Julv 18 , 1988, on such unpaid principal balance at the <br />annual rate of Fourteen percent 114.0 \), and to <br />provide that such remaining principal and interest shall be <br />payable at the office of The Overland National Bank of Grand <br />Island, or suc~ other place as the holder hereof shall designate <br />in writing delivered or mailed to the Borrowers, in Eleven <br />Cll) monthly installments of '1\vo hundred eill:htv and <br />no/100---------------------------- Dollars ($ ~80.00 ) <br />each, applied first to accrued interest and then to principal <br />commencing on the ~ day of AIl~t , 19..BB' and continuing <br />on the 26Th day of each mont thereafter, wi th a final <br />payment of t e then remaining principal balance, together with <br />accrued interest, due and payable on the 24th day of <br />July , 1989 <br /> <br />OJ)3~.t:i9 <br /> <br />-1- <br /> <br />u <br />