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8 d `~ 1 ~ 4J iJ ~ i J ~.,; 8-79) 309-1 8894672 The Federal Land Bank of Omaha AGREEMENT REAMORTIZING MORTGAGE WHEREAS, Don R. Hilderbrand and Joyce D. Hilderbrand executed and delivered to The Federal Land Bank of Omaha (Post Office address, Omaha, Nebraska} a certain not~sbecur~d by a mortgage upon real property situated in .__- Hall County, State of eras Bard mortgage being recorded m B octanent No.~ the records of said Gaunty: and WHEREAS, the present owner(s) (and contract purchasers. if any) of the following-described security: Lot 11, Westwood Park Subdivision, Section 14, Township 11 North, Range 10, local of the 6th Y.M. hasihave requested The Federal Land Bank of Omaha tc reamortrze the balance remaining unpaid on said mortgage loan rn accordance witn an Application and Agreement for Reamortization. NflW, THEREFORE, The Federal Lana Bank of Omaha agrees to reamort¢e said mortgage loan, and the atoresatd present owner(s) (and contract purchasers, rf any) hereby pramrse and agree to pay said unpaid balance according to all the terms and condtirons of an agreement to reamortrze heretofore executed and delivered to The Federal Land Bank of Omaha. Satd agreement to reamortrze provides for the payment of said unpatd balance wrih interest at the said rate on an amorhzaban plan, the last installment being due and payable an ~g++uac~l .. ; Q.12 Satd agreement turiher prov{des that the Bank may, at its option, establish a higher or lower rate of interest, whrctt shalt thereupon apply to the unmatured balance ofi the debt and shall remain in-effect until a dtfferent rate of interest rs established. When a different rate of interest is established, the amount of each subsequent payment shall be increased ar decreased to reflect the different cafe of interes#. AtY defau}ted payments on advances far taxes, for payment of insurance premiums and liens made under the terms of the mortgage and on ail delinquent amounts after maturity shah bear interest from the date of default unlit paid at a rate which }s squat to the then curren# interest rate plus two percent per annum, or such h}gher or lower rate as may trbm time to time be estabirshed. Therigh#sof tttemortgages against alt persons, other than the person(s) executing or consenting to this agree- ment, who may, in any manner, be personally liable on any or all of the original indebtedness, or who may have any interest in or lien on any,or ati of the security covered by the mortgage, are reserved. Any and alt persons against tiitF}urrt rights are sts:reserxed may demand that the mortgagee enfiorce ail rights as to such indebtedness as tticwgh this agreetetent trf reamortrzation had not bean made. in the event such demand is made, this agree- rttE;Sha}I;hr na}L and void as fir such nanconsenting parties, and all rights against anyone against whom rigttta are herein reserved may be waived ar may tee enforced as if tnis agreement had not been made. meted- _ 3anuai 1, 19$3 -w- tl ~-A1tfl B,,'A+ _ _ .~ ire +~~,~pRTEy.~~~ "" +4 C:3 Td r~GAAT~, Win.. ~~,+ ~~ ~dtffi ~~.~ FEGtERAt LAN(.} BArdf4 OF OtvtAHA ' ,J f~~t _ ~ , ~ if r -~~r f~,~. ~~~ ~-swr:r~~ ~t :,~, ~ is ,