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<br />MODIFICATION AND F,iaW4SION AGRUMU 87,,.,.- 1 02444
<br />RUSSELL W. O'NEILL, JOSEPHINE; L. O'NEILL, MICHAEL J. O'NEIIL and JUNE
<br />M. O'NEILL, as Individuals and Doing Business as O'NEILL CONSTRUCTION GAIPANY,
<br />whether one or more, hereinafter referred to as Trustor, and Arend Baack, Attorney
<br />Island, hereinafter referred
<br />Nebraska hereinafter .referredras Beneficiary ,herebyGrand
<br />agree as follows;
<br />April 25, 1984, execute ad
<br />Apriln26,ie1984,. ast Trustee a Deed of Trust dated
<br />Document No. 84- 002184 in the
<br />Office of the Hall County Register of Dfeds, Hall County, Nebraska., in consideration
<br />of a certain Deed of Trust note for $75,000.00, a valid subsisting obligation of
<br />the Trustor, and payment of the remainder of the principal and accrued interest
<br />thereon shall be due and payable in the following manner:
<br />A Deed of Trust note dated April 25, 1984, on which a principal
<br />balance of $68,914.44 now remains impaid, will be re-advanced
<br />to the original loan amount of $75,00.00 as of April 20, 1987.
<br />The loan will be repaid in monthly installments of it 20,.19
<br />applied first to interest, balance to principal, commencing on
<br />May 20, 1987, and continuing monthly until April 20, 1990, when
<br />the entire unpaid principal and interest will be fully due and
<br />payable.
<br />Interest will accrue from April 20, 1987 at the Overland National
<br />Bank of Grand Island Reference Rate, as established from time to
<br />time; in no event, however, shall such interest rate exceed the
<br />rate of 13.0 %, nor be less than the rate of 9.5%. The initial
<br />rate on April 20, 1987 is 10.5% per annum.
<br />2. All other terms and conditions contained in the original Deed of
<br />Trust dated April 25, 1984, shall r(�min the same, and this Modification Agreement
<br />is made a part of the original Deed of Trust by reference and shall inure to all
<br />successors and assigns and their heirs.
<br />Dated this 20th day of April, 1987.
<br />1� rt.Jv iyelll, rnalvldM4 and
<br />Doing Business as O'Neill Construction
<br />Company
<br />Michael J. O'Nellt, Individually and
<br />Doing Business as O'Neill Construction
<br />Company
<br />�f
<br />RECORDERS MEMO Q /
<br />Be& of Deeds
<br />SPATE OF NEBRASKA)
<br />) ss.
<br />OOUN Y OF HALL )
<br />ephi L. O'Neill, divi ually and
<br />ing Business as O'Neill Construction
<br />Company
<br />J
<br />e M. O'Neill, divi ally and
<br />ing Business as O'Neill Construction
<br />Company
<br />THE OVERLAND WIONAL_ROK OF
<br />BY:
<br />Gail Brm"d, vice president
<br />On this 20th day of April, 1987, before me, the undersigned, a Notary
<br />Public duly cc uSsiotied and qua1111eu 1.ur In salu WW]Ly, personally came Russell
<br />W. O'Neill and Josephine L. O'Neill, husband and wife, to me known to be the identical
<br />persons whose names are affixed to the foregoing instrument and acknowledged the
<br />execution thereof to be their voluntary act and deed.
<br />Witness my hand and Notarial Seal the day d
<br />U10 ��� Y �� Year la 5t above writt�
<br />i-
<br />Notary Public - --
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