|
DEED OF TRUST MODIFICATION AGREEMENT /0
<br />(Future Advance Provision)
<br />THIS MORTGAGE /DEED OF TRUST MODIFICATION AGREEMENT made and
<br />executed this 14th of June, 2007 by and between, James P. Masat and Carolyn A. Masat, husband
<br />and wife, and Stella M. Levea, a single person, 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 23, 1999, filed of
<br />record in the OFFICE OF THE HALL COUNTY REGISTER OF DEEDS on June 24, 1999, as
<br />Instrument No. 99- 106352, which was extended August 19, 2005 and recorded on August 24,
<br />2005 as Instrument No. 0200508327 in respect to that real estate described as:
<br />LOT THREE (3), COMMERCIAL INDUSTRIAL, PARK SECOND SUBDIVISION IN THE
<br />CITY OF GRAND ISLAND, HALL COUNTY NEBRASKA, AND THE EAST FIFTY FEET (E
<br />50') OF LOT TWO (2) AND THE NORTHEAST 62.65 FEET OF LOT FOUR (4),
<br />COMMERCIAL INDUSTRIAL PARK SECOND SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HAIL, COUNTY, NEBRASKA, TOGETHER WITH THE TRACT OF LAND
<br />DESCRIBED AS FOLLOWS: THAT PART OF FRONTAGE ROAD IN COMMERCIAL
<br />INDUSTRIAL PARK SECOND SUBDIVISION, VACATED BY ORDINANCE NO. 6450,
<br />MORE PARTICULARLY DESCRIBED AS THAT PART OF FRONTAGE ROAD ABUTTING
<br />UPON THE EAST 50 FEET, OF 15.240 ME'T'ERS, OF LOT 2 AND ALL OF LOT 3,
<br />COMMERCIAL INDUSTRIAL PARK SECOND SUBDIVISION IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<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. Incorporation of Future Advance Rights. 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 />described hereinabove shall secure advances made concurrently herewith and future advances in
<br />accordance with the following provision which shall hereafter be deemed to be a part of such
<br />Deed of Trust:
<br />Future Advances. Upon request of Borrower, Lender may, at its option, make additional
<br />and future advances and readvances to Borrower. Such advances and readvances, with
<br />interest thereon, shall be secured by this Deed of Trust. At no time shall the principal
<br />M
<br />n
<br />=a
<br />o
<br />z
<br />nCA
<br />>T
<br />N
<br />.,
<br />_
<br />Pig
<br /><-
<br />F-A
<br />CD
<br />CD
<br />CD
<br />CD
<br />Cn
<br />Cn
<br />c:D Z
<br />(n
<br />DEED OF TRUST MODIFICATION AGREEMENT /0
<br />(Future Advance Provision)
<br />THIS MORTGAGE /DEED OF TRUST MODIFICATION AGREEMENT made and
<br />executed this 14th of June, 2007 by and between, James P. Masat and Carolyn A. Masat, husband
<br />and wife, and Stella M. Levea, a single person, 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 23, 1999, filed of
<br />record in the OFFICE OF THE HALL COUNTY REGISTER OF DEEDS on June 24, 1999, as
<br />Instrument No. 99- 106352, which was extended August 19, 2005 and recorded on August 24,
<br />2005 as Instrument No. 0200508327 in respect to that real estate described as:
<br />LOT THREE (3), COMMERCIAL INDUSTRIAL, PARK SECOND SUBDIVISION IN THE
<br />CITY OF GRAND ISLAND, HALL COUNTY NEBRASKA, AND THE EAST FIFTY FEET (E
<br />50') OF LOT TWO (2) AND THE NORTHEAST 62.65 FEET OF LOT FOUR (4),
<br />COMMERCIAL INDUSTRIAL PARK SECOND SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HAIL, COUNTY, NEBRASKA, TOGETHER WITH THE TRACT OF LAND
<br />DESCRIBED AS FOLLOWS: THAT PART OF FRONTAGE ROAD IN COMMERCIAL
<br />INDUSTRIAL PARK SECOND SUBDIVISION, VACATED BY ORDINANCE NO. 6450,
<br />MORE PARTICULARLY DESCRIBED AS THAT PART OF FRONTAGE ROAD ABUTTING
<br />UPON THE EAST 50 FEET, OF 15.240 ME'T'ERS, OF LOT 2 AND ALL OF LOT 3,
<br />COMMERCIAL INDUSTRIAL PARK SECOND SUBDIVISION IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<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. Incorporation of Future Advance Rights. 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 />described hereinabove shall secure advances made concurrently herewith and future advances in
<br />accordance with the following provision which shall hereafter be deemed to be a part of such
<br />Deed of Trust:
<br />Future Advances. Upon request of Borrower, Lender may, at its option, make additional
<br />and future advances and readvances to Borrower. Such advances and readvances, with
<br />interest thereon, shall be secured by this Deed of Trust. At no time shall the principal
<br />
|