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200803949
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200803949
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Last modified
5/8/2008 3:25:07 PM
Creation date
5/8/2008 3:25:06 PM
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DEEDS
Inst Number
200803949
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<br />N <br />Sl <br /><S> <br />co <br /><S> <br />W <br /><.0 <br />.f::>. <br /><.0 <br /> <br />~.~ <br />~ rn <br />l'h ., <br />~~ <br />~:\ <br />~" <br />ri <br />~ <br />"" <br />~ <br />~ <br /> <br /> ~ m <br /> :IlO Q~ O(fl CJ :z: <br /> m c=:> 0-4 -I <br /> ..... QO cl> N m <br /> c: m (II ~J, -:3 ::z:~ :n <br />~~ z n:t ~-f :=t> -If'T\ 0 m <br />0 '" -c: -<0 C> 0 <br />~ 0-" :> <br />ncn CO -"z CO en <br />""X -.., t :J: rn 0 Z <br /> l) 0 -0 :t>(JJ ~ <br /> l"T'l ,:::0 W <br /> " rn ::3 ,J> :0 <br /> l1\ 0 (fl c.Jj c: <br /> If> ....... ::>" :s: <br /> () N :t> J: m <br /> W ,--". '--" to ~ <br /> W en :z: <br /> en 0 <br /> <br />DEED OF TRUST MODIFICATION AGREEMENT <br />(Future Advance Provision) <br /> <br />/tJ /56 <br /> <br />TIllS MORTGAGE/DEED OF TRUST MODIFICATION AGREEMENT made and <br />executed this 7th of May. 2008, by and between LARSON CONSTRUCTION. INC. , <br />hereinafter referred to as "Borrower", and HOME FEDERAL SAVINGS AND LOAN <br />ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "lender", <br /> <br />WITNESSETH: <br /> <br />WHEREAS, Borrower did execute a certain Deed of Trust dated Seotember 6.2007, <br />filed of record in the OFFICE OF TIlE HALL COUNTY REGISTER OF DEEDS on September <br />7.2007 as INSTRUMENT # 200707737 in respect to that real estate described as: <br /> <br />LOT NINETEEN (19), IN WESTWOOD PARK SEVENTH SUBDIVISION, TO THE CITY <br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA <br /> <br />WHEREAS, such Deed of Trust does not contain a provision regarding a right to future advances <br />to be secured by such Deed ofTrust~ <br /> <br />WHEREAS, Borrower has requested that Lender make an additional advance to be <br />secured by such existing Deed of Trust~ <br /> <br />WHEREAS, Lender is willing to make an additional advance to be secured by such Deed <br />of Trust provided there shall have been no filings of record subsequent to the date of the <br />recording of that Deed of Trust hereinabove identified~ <br /> <br />WHEREAS, Borrower and Lender hereby desire to amend the existing Deed of Trust <br />identified hereinabove to provide that it shall continue to secure the presently remaining <br />indebtedness and the additional advance and future advances from and after the date hereinafter <br />specified~ <br /> <br />NOW, THEREFORE, it is agreed: <br /> <br />1. Incorporation of Future Advance Rights. From and after the date of the execution <br />of this Deed of Trust Modification Agreement, the indebtedness secured by the Deed of Trust <br />described hereinabove shall secure advances made concurrently herewith and future advances in <br />accordance with the following provision which shall hereafter be deemed to be apart of such <br />Deed of Trust: <br /> <br />Future Advances. Upon request of Borrower, Lender may, at its option, make additional <br />and future advances and readvances to Borrower. Such advances and readvances, with <br />interest thereon, shall be secured by this Deed of Trust. At no time shall the principal <br />amount of the indebtedness secured by this Deed of Trust, not including sums advanced <br />to protect the security of this Deed of Trust, exceed the original principal amount stated <br />herein, or $200.000.00, whichever is greater. <br /> <br />2. Continuing Effect. Except as specifically modified by this Deed of Trust <br />Agreement, all other terms and provisions of this Deed of Trust hereinabove identified shall <br />remain in full force and effect. <br />
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