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87-- 104829 •1 r. . n a REGINAID A. NA1MM and SUSAN A. MAL03i,Husband and Wife, whether one or more, herein called the Mortgagor, and The Overland National Bank of Grand Island, Grand Island, Hall County, Nebraska, herein called the Mortgagee, hereby agree as follows: 1. Mortgagor has executed and delivered to Mortgagee a real estate mortgage dated January 26, 1965, and recorded on January 30, 1985 as Document No. 85-000479 in the office of the Register of Deeds, Hall County, Nebraska, in consideration of a certain mortgage note for $16,005.50, a valid subsisting obligation of the Mortgagor, and payment of the remainder of the principal and accrued interest thereon shall be due according to the terms of the aforementioned real estate mortgage, modified and payable in the following manner: A mortgage note dated January 26, 1985, on which a principal balance of $13,829.67 now remains unpaid, will be re- advanced up to a principal balance of $15,500.00 on August 12, 1987. The loan will be repaid in monthly installments of $21.3.84, applied first to interest, balance to principal, commencing on September 17, 1987, and continuing monthly thereafter until August 17, 1990, at which time a balloon payment of $12,702.59 will be due. Interest will accrue from August 12, 1987 at 11.0% per annum on the unpaid balance until paid. 2. All other terms and conditions contained in the original real estate mortgage dated January 26, 1985, shall remain the same, and this Modification Agreanent is made a part of the original real estate mortgage by reference and shall inure to all successors and assigns and their heirs. 3. THIS IRAN IS PAYABLE IN FULL AT THE END OF THREE (3) YEARS. AT MATURITY YOU MUSE REPAY THE ENTIRE PRINCIPAL BALANCE OF THE IRAN AND UNPAID MUt Sr THEN DUE. THE BANK IS UNDER NO OBLIGATION TO REFINANCE THE IRAN AT THAT TIME. YOU WILL THER19GRE BE REQUIRED TO MAKE PAYMENT OUr OF OTHER ASSETS YOU MAY OWN, OR YOU WILL HAVE TO FIND A LENDER WILLING TO LEND YOU THE MWEY AT PREVAILING MARKET RATES, WHICH MAY BE CONSIDERABLY HIGHER THAN THE INTEREST RATE ON THIS LOAN. Dated this 12th day of August, 1987. / 7/ � Regina d A Mal AID Yf OMdE x <. // A. Malcom T STATE OF NEBRASKA) NA�ONAL BANK OF GRAND ISLAND �5.� COUNTY OF HALL ) ss: Bye year✓ RwU 31 , meaner rvices =icer Before me, a notary public qualified for said county, personally came Reginald A. Malcom and Susan A. Malcom, Husband and Wife, known to me to be the identical persons who signed the foregoing instrument and acknowledged the execution thereof to be his and her voluntary act and decd. Witness my hand and notarial seal on August 12, 1987. ��/f a. 9t.ar4 mot? ii`.