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38 Pa9 M'2290 -Agent (Rev. 1-84) <br />85— 0010 <br />The Federal Land Bank of Omaha <br />AGREEMENT REAMORTIZING MORTGAGE <br />WHEREAS, Martin E. Maaske and Patricia Sue Maaske <br />executed and delivered to The Federal Land Bank of Omaha (Post Office address, Omaha, Nebraska) a certain <br />note secured by a mortgage upon real property situated in Hal I <br />Nebraska said mortgage being recorded in Book County, State of <br />or as aid mortgage <br />222 of Mortgages, on Page(s) <br />of the records of said County; and <br />WHEREAS, the present owner(s) (and contract purchasers, if any) of the following- described security in <br />Hall County, State of Nebraska <br />Lot 12 in Castle Estates Subdivision, Section 26, Township 11 North, <br />Ranqe 10 West of the 6th P.M., Hall County, Nebraska <br />has consented to The Federal Land Bank of Omaha reamortizing the balance remaining unpaid on said <br />mortgage loan in accordance with Form 2216, Reamortization Computation and Agreement. <br />NOW, THEREFORE, The Federal Land Bank of Omaha agrees to reamortize said mortgage loan, and the <br />aforesaid present owner(s) (and contract purchasers, if any) hereby promises and agrees to pay said unpaid <br />balance according to all the terms and conditions of an agreement to reamortize heretofore executed and <br />delivered to The Federal Land Bank of Omaha. Said agreement to reamortize provides for the payment of said <br />unpaid balance with interest at the said rate on an amortization plan, the last installment being due and payable <br />on Eebruary 1 2015 . Said agreement further provides that the Bank may establish <br />a higher or lower rate of interest, which will thereupon apply to the unmatured balance of the debt and will <br />remain in effect until a different rate of interest is established. When a different rate of interest is established, <br />the amount of each subsequent payment will be increased or decreased to reflect the different rate of interest. <br />All defaulted payments on advances for taxes, for payment of insurance premiums and liens made under the <br />terms of the mortgage and on all delinquent amounts after maturity will bear interest from the date of default <br />until paid at a rate which is equal to the then current interest rate plus two percent per annum, or such higher <br />or lower rate as may from time to time be established. <br />The rights of the mortgagee against all persons, other than the person(s) executing or consenting to this agree- <br />ment, who may, in any manner, be personally liable on any or all of the original indebtedness, or who may have <br />any interest in or lien on any or all of the security covered by the mortgage, are reserved. Any and all persons <br />against whom rights are so reserved may demand that the mortgagee enforce all rights as tosuch indebtedness <br />as though this agreement of reamortizatlon had not been made. In the event such demand is made, this agree - <br />ment will be null and void as to such nonconsenting Parties. <br />rights are herein reserved may be waived or may b enfo ced as if All <br />h sgahgf emetnt had not been against whom <br />j <br />Martin F. Maaske- <br />pat:rtc1.a Sue' M�j salts <br />a <br />THE FEDERAL LAND BANK OF OMAHA <br />By federal Land Bank Association of <br />d � <br />Att L (' dr'✓ r j <br />/ - s c <br />Its, Arferat find Attorney- m- fetkrt <br />fly (�.� 4 "_+. "'4' ! <br />