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0-1,100742
<br />3. This Loan Modification Agreement is made in considera-
<br />tion of the sun of Two Thousand and No/100 Dollars ($2,000.00). to
<br />be paid concurrently with the execution of this Loan Modification
<br />Agreement.
<br />4. The Note dated
<br />April 7, 1981, hereby modified is
<br />presently secured by a Second Real Estate Mortgage dated April 7,
<br />1981, and recorded as Document No. 81-0011,92 i-n the office of the
<br />Register of Deeds of Hall County, Nebraska, in respect to that
<br />real estate described as:
<br />Lots One (1) , Two (2) Three (3) , Five (5)
<br />and Six (6), in Block Four (4) and Lots Seven
<br />(7) and Eicht (8) in Block Three (3), all in
<br />Packer & B,�rr's Addition to the Citv of Grand
<br />Island, Hall County, Nebraska;
<br />and, in accordance with the provisions of that Second Real Estate
<br />Mortgage, it shall remaLn as security her
<br />�or the Indebtedness I e by
<br />nodi f ied.
<br />!V 5. Lenders acknowledge that they will subordinate their
<br />present mortgage lien to facilitate the refinancing of present
<br />h subordination shall
<br />first. mortgage indebtedness so long as suc:
<br />v not exceed the principal sum of -Div& mrLL/*#v, -rWs jou
<br />Dollars cq 0, oa
<br />6. All real estate mortgages, deeds a trust, assa-gnments
<br />and security agreements heretofore q�ranted by Borrowers to the
<br />Lenders shall remain in full force �md effect and shall in no
<br />manner be affected by this Loan modification Agreement and shall
<br />continue as security -for the indebtedness modified by this
<br />ra
<br />Agreement, as well as any ' ture indebtedness owing from Borrowers
<br />to the Lenders for future advances and renewals _1_n respect -,a all, "A"i
<br />sums a-wing from Borrowers to the Lenders.
<br />7. Borrowers further covenzant to and with the Lenders that -'-' FL,
<br />they shall, and will, at any t�jrw, now or iat r, upKXq_ request,
<br />e
<br />make. do, execute and deliver all such fur�ther and other acts,
<br />deeds and things as shall- be rea-sonably re�auiired to effectuate
<br />the intention of this Loan Modi
<br />-fication Agreement and to insure
<br />and confirm 'to the Lenders all aTid sinqular the property, securi-
<br />ties and rights described, and -intended to be conveyed as
<br />security, so as to render the sa -d all portions, whether now
<br />aL
<br />owned, -or later acquired
<br />subject to these terms. -provisions and
<br />conditions according to t7he true intent and purposes expressed,
<br />8- The failure, of the Lenders, at any ti-tw, to require the
<br />perrormance by the Borrowers of any of these te-mms, covenants and
<br />agreements shall, in no way, affect it-s rights to enforce the
<br />same; nor the waiver by the Lenders of any breach of az" term,
<br />covenant or agreement be taken or held to be a waiver of any
<br />succeedlnq breach or any such tern-, covenant or agreement, or as
<br />a waiver of the term, cover-ant and Aqz-eement 4-�-sej�
<br />a
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