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200807664
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Last modified
9/5/2008 2:47:11 PM
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9/5/2008 2:47:11 PM
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DEEDS
Inst Number
200807664
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<br />... <br /> <br />200807664 <br /> <br />_ at page(s) _ of the County of HALL County, State of NEBRASKA as document No. 0200805210 <br />(the "Security Instrument"), and covering real property located at <br />1123 W 1ST ST, GRAND ISLAND, NEBRASKA 68801 <br />(the "Property") and described as follows: <br /> <br />SEE A TT ACHED EXHIBIT f\ <br /> <br />The Borrower has requested and the Lender has agreed to modify certain terms of the Line of Credit Agreement and <br />the Security Instrument as set forth below. All terms not defined in this Agreement shall have the same meanings as <br />set forth in the Line of Credit Agreement. <br /> <br />In consideration of the mutual promises contained in this Agreement, the parties agree as follows: <br /> <br />Change in Credit Limit. The Lender and the Borrower agree that the credit limit under the Line of Credit <br />Agreement is hereby increased to $60,000.00 and that the lien of the Security Instrument shall secure the line of <br />credit up to that amount as it is advanced and outstanding from time to time. <br /> <br />Each reference in the Security Instrument to the maximum amount of the line of credit is hereby <br />amended to the extent necessary to reflect the modified credit limit. <br /> <br />As a precondition to making the changes set forth above, the Borrower hereby agrees to pay to the Lender at the <br />time of signing this Agreement the other finance charges and other charges that are enumerated and disclosed on the <br />attached final HUD Settlement Statement which is integrated by reference into this Agreement. <br /> <br />Except as amended by this Agreement, all terms and conditions of the Line of Credit Agreement and the Security <br />Instrument (including any previous modifications) shall remain in full force and effect, and this Agreement shall not <br />affect the Lender's security interest in, or lien priority on, the Property. The Borrower agrees to be bound by and to <br />perform all of the covenants and agreements in the Line of Credit Agreement and the Security Instrument at the time <br />and in the manner therein provided. <br /> <br />This Agreement shall not be construed to be a satisfaction, novation or partial release of the Line of Credit <br />Agreement or the Security Instrument. <br /> <br />By signing this Agreement, the Borrower represents and warrants to the Lender that the Borrower has no <br />counterclaims, set-offs or defenses to the Bank's rights under the Line of Credit Agreement or the Security <br />Instrument. <br /> <br />The Borrower agrees to payor reimburse the Lender for any and all fees payable to public officials in connection <br />with this Agreement, and the recording thereof, including any mortgage registry tax that may be due. <br /> <br />Borrower hereby acknowledges Borrower has received, read and retained a copy of the Agreement and the HUD <br />Settlement Statement provided to me by Lender, all of which I agree to by signing this Agreement. <br /> <br />This Agreement does not increase or extend any revolving credit insurance Borrower purchased in connection with <br />the line of credit. Credit insurance means credit life, credit accident and health and/or credit disability insurance. <br /> <br />Co- Trustor/Co-Mortgagor Liability. As to any BOrrower who signed the Security Instrument, but who did not <br />execute the Line of Credit Agreement (a "co-trustor/co-mortgagor"), this Agreement does not modify, change or <br />terminate the nature of the co-trustor/co-mortgagor's obligations in connection with the line of credit. The co- <br />trustor/co-mortgagor is not personally obligated to pay the debt evidenced by the Line of Credit Agreement and the <br />Security Instrument (as renewed, extended, and amended hereby). The co-trustor/co-mortgagor agrees that the <br /> <br />11"1~llflfliluijilllllr~~1~il[llliillliiIW~inli/17 /08) <br /> <br />2/5 <br /> <br />Documents Processed 08-18-2008, 10:34:04 <br />
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