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<br />MODIFICATION AGREE1AE9f
<br />WENDELL W. WOOD and LARUE A. WOOD and Ir- THREE INVESTMENTS LIMITED
<br />PARTNERSHIP, whether one or more, herein called the Trustor, and Arend Baack,
<br />Attorney at Law, hereinafter referred to as Trustee, and The Overland National
<br />Bank of Grand Island, Grand Island, Nebraska, hereinafter referred to as
<br />Beneficiary, hereby agree as follows:
<br />1. Trustor has executed and delivered to Trustee a Deed of Trust
<br />dated April 15, 1985, and recorded on April 18, 1985, as Document No. 85- 001851
<br />in the office of the Register of Deeds, Hall County, Nebraska., in consideration
<br />of a certain Deed of TnLst Note for $100,000.00, a valid subsisting obligation
<br />of the Trustor, and payment of the remainder of the principal and accrued
<br />interest thereon shall be due aceo. ding to the terms of the aforementioned
<br />Deed of Trust, modified and payable in the following manner:
<br />A Deed of Trust Note dated April 15, 1985, on which a principal
<br />balance of $95,000.00 now ramains unpaid, will be repaid with
<br />annual payments of $5,000.00 principal plus accrued interest
<br />beginning April 15, 1987 and continuing on the 15th day of each
<br />April, with a final payment of the then remaining principal
<br />balance, together with accrued interest, due and payable on the
<br />15th day of April, 2006. Interest will accrue frem December 5,
<br />1986 at the rate of 10.00 per annum to March 15, 1990, at which
<br />time the interest rate will be adjusted to The Overland National
<br />Bank of Grand Island Reference Interest Rate minus 1.75% and
<br />adjust thereafter on the first day of each calendar quarter on
<br />January 1, April 1, July 1 and October 1. This adjusted rate will
<br />continue to adjust at said Reference Interest Rate minus 1.75%
<br />until the maturity of the loan.
<br />2. All other terms and conditions contained in the original Deed of
<br />Trust dated April 15, 1985, shall remain 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 5th day of December, 1986.
<br />r'
<br />eAe t
<br />Wendell W. Wood
<br />"Airood
<br />L- T[]REE INVES -PNO TS, LIMITED
<br />Wendell W. Wood, General
<br />Reg. of Dee,,=
<br />THE OVERLAND,2QATIONAL BANK OF GRAND ISLAND
<br />r
<br />By:
<br />Pbbert A. Morris, President & Chief Executive
<br />Officer
<br />b'rATE OF NEBRASKA)
<br />ss:
<br />ODUNTY OF HIN )
<br />Before me, a notary public qualified for said county, personally came
<br />Wendell W. and LaRue A. Wood, known to me to be the identical persons who signed
<br />the foregoing instrument and acknowledged the execution to be his and her voluntary
<br />act and deed.
<br />Witness my hand and notarial seal. on Decemt-mer 5, 1�.�36.
<br />C:7tary Nibiicl. _...__.f
<br />�b ore tat< ffa. is W
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