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83- ODlldE 2. That the remaining principal balance of $148,925.00 shall be payable in semi-annual payments as follows: $2,015.00 payable on the first day of January, 1984, and $2,015.00 on the first day of each July and January thereafter until the first day of January, 1998, when the entire unpaid balance of principal and irterest shall become due and payable, with interest on the unpaid balance thereof at the rate of lli% payable on the first day of January, 1984, and semi-annually thereafter and, in addition thereto, the last sentence in Paragraph First of the mortgage .~ referred to above shall be and is hereby amended to YDi9, read, "It is agreed that the in~rre~h:provided for =.'~ n . ~ ;.CJ~/?:t Subsection (g), above, shall be~'1:" annum or th7"-" Y'"-- ' " ' highest lawful rate permitted by contract under applicable law, whichever is lesser." 3. All semi-annual installments of principal and interest as provided for in said promissory note and mortgage and this modification thereof will be paid on the due dates by the Buyer. 4. The terms of the promissory note and mortgage referred to above are in all other manner ratified and approved by the parties hereto, subject only to the modifications heretofore set forth. 5. Loyd A. Luehr and Judith A. Luehr, husband and wife, as Buyer, jointly and severally, covenant, promise and agree as follows: A. To pay said promissory note and installments, principal and interest, at the times and in the manner in all respects as therein provided and provided in this modification, renewal and assemption agreement; B. To perform each, every and all of the obligations provided in said mortgage and note to be performed by the Seller at the time and in the manner and in all respects as therein provided, except as modified in this agreement; C. To be bound by each, every and all of the terms and provisions contained in said promissory note and mortgage securing the same as modified by this agree- ment, all as though said promissory note, mortgage and each of said instrunents have been originally made, executed and delivered by the Buyer. 6. Upon the completion of the sale referred to above and the payment of the payments set forth at Item 1, above, Mortgagee shall proceed to release that property described in the recitations above consisting of 5.18 acres, more or less, in the NwtSEt of Section 9, Township 9 North, Range 11 West of the 6th p.r!. in Hall County, Nebraska, together with Lots 5 and 6 located in the NEt of said Section 9, Township 9 North, Range 11 West of the 6th P.M. in Hall County, Nebraska. -3-