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200806022
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Last modified
7/14/2008 2:40:23 PM
Creation date
7/14/2008 2:40:23 PM
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DEEDS
Inst Number
200806022
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<br /> <br /> <br />DEED OF TRUST MODIFICATION AGREEMENT <br />(Variable Rate to Fixed) <br /> <br />//)/;;0 <br /> <br />THIS DEED OF TRUST MODIFICATION AGREEMENT made and executed this <br />9TH day of JULY. 2008, by and between JMH RENTALS. LLC - MARY K HARDER. <br />MANAGER OF JMH RENTALS LLC , hereinafter referred to as "Borrower", and HOME <br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred <br />to as "lender", <br /> <br />WITNESSETH: <br /> <br />WHEREAS, Borrower did execute a certain Adjustable Rate Note payable to the order of <br />the Lender in the total original amount of ONE HUNDRED TWENTY SEVEN THOUSAND <br />FIVE HUNDRED AND NO/toO. Dollars ($127.500.00): <br /> <br />WHEREAS, the Note described above was secured by a Deed of Trust with Adjustable <br />Rate Rider dated JUL Y 7. 2006. filed of record in the Office of the HALL COUNTY <br />REGISTER OF DEED'S OFFICE. HALL COUNTY. NE on JULY 7. 2006 in DOCUMENT # <br />0200606095 in respect to that real estate described as: <br /> <br />LOT SEVEN (7), BLOCK TWO (2), LAKE DAVIS ACRES SUBDIVISION, CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA <br /> <br />WHEREAS, Borrower has requested that interest be converted to a fixed rate rather than the <br />variable rate specified by such Deed of Trust with Adjustable Rate Rider and that the stated <br />maturity date be also hereby modified; <br /> <br />WHEREAS, Lender is willing to convert such variable rate loan into a fixed rate loan to <br />be secured by such Deed of Trust with Adjustable Rate Rider and modify the existing maturity <br />date; <br /> <br />WHEREAS, Borrower and Lender hereby desire to amend the existing Deed of Trust <br />with Adjustable Rate Rider identified hereinabove to provide that it shall continue to secure the <br />presently remaining indebtedness from and after the date hereinafter specified together with a <br />fixed rate of interest rather than a variable rate as originally set forth in such Adjustable Rate <br />Rider; <br /> <br />.' - --__~, ". - ~. """",",---. _. ',-," --.'"'"7 . <br /> <br />NOW, THEREFORE, it is agreed: <br /> <br />1. Interest Rate and Maturity Modification. Commencing effective AUGUST 1. <br />2008. the indebtedness secured by the Deed of Trust with Adjustable Rate Rider hereinabove <br />identified shall accrue interest at a fixed rate of SIX AND ONE-QUARTER percent (6.250%) <br />throughout the remaining term of such indebtedness and, notwithstanding the provisions <br />contained in the Adjustable Rate Rider, there shall be no further adjustments to such interest rate. <br />The final maturity of such indebtedness as modified, secured by such Deed of Trust shall be <br />JUL Y 1. 2018, notwithstanding any other date of maturity which may have been specified in the <br />Deed of Trust hereinabove identified. <br />
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