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97- 10-3-5531 Loan No. 49258 -1 -1.8 LOAN MODIFICATION AGREEMENT THIS AGREEMENT, made and entered into this -"' day of NOVEMBER , 19_y, by and between FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, a United States Corporation, hereinafter referred to as Mortgagee, and ARTHUR ALLEN MORRISON AND DEANNA ROSE MORRISON , hereinafter referred to as Mortgagors, WITNESSETH: WHEREAS, Mortgagors have made, executed and delivered to Mortgagee their promissory note in the amount of FORTY NINE THOUSAND NINE HUNDRED FIFTY AND NO /100, ($ 49,950.00 ), secured by a certain real estate mortgage known as Loan No. —4923T-1--T8— , executed on JANUARY 14 , 1982 , and duly recorded in the office of the Register of Deeds of HALL County, Nebraska, as DOCUMENT NO. 82- 000141 at Page - -- of the Mortgage records in said office, which note and mortgage are hereby incorporated herein as a part of this instrument, and conveying: Lot Nine (9), in Capital Heights Sixth Subdivision, being a part of the Southwest Quarter of Section Two (2), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., in Hall County, Nebraska. ; and, WHEREAS, the Mortgagors now desire to alter the amount of monthly installment required by said note and mortgage by virtue of the reduction of the principal amount, and alter the term of the loan; WHEREAS, the parties wish to reduce said interest rate in lieu of any refinancing of said obligation and to alter the maturity date; IT IS THEREFORE MUTUALLY AGREED that as of the first day of JANUARY , 19 87, said obligation shall bear interest at the rate of ELEVEN AND ONE -HALF per cent (_.11.50 %) per annum upon the balance remaining payable on said note and to alter the maturity date on the note to be JANUARY 1 , 20 07. IT IS FURTHER AGREED that beginning on FEBRUARY 1 19 87 said note and mortgage shall be altered to provide for a monthly installment of principal and interest in the sum of FIVE HUNDRED EIGHTEEN AND 41/100--------- - - - -- Dollars ($ 518.41 ). Upon these conditions, said payments shall be made by the Mortgagors and accepted by the Mortgagee subject to all of the other terms of the mortgage loan above described, which said terms remain in full force and effect. This agreement shall be binding upon the parties hereto, their heirs, legatees, devisees, personal representatives and successors and assigns. WITNESS our hands at GRAND ISLAND Nebraska, this day of NOVEMBER , 19 86 . FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, Mortgagee /5"1 C)ICC Pres ent a_, Z21 V. r°7 Zr ' L'r1 ARTHUR ALLEN MORRISON Mortgagors DEANNA ROSE MORRISON