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~ 83-'>0424.. FOR" 2290 tRoy, 9-79} ~ The Federal Land Bank of Omaha 309-1 87]6728 AGREEMENT REAMORTIZING MORTGAGE WHEREAS. Double G Farms, a partnership, Wendell J. Gangwish, a part~e" Rodner K~ Gan&Wish ,a partner, Arlen S. Gangwish, a partner; Wnedell J. Gangw1sh and ,Treva, E ~ Ga~gw;;i:.s1\;.,:WendellJ. Gangwish, Trustee Under the Wendell Joseph Gangwi.sh Trust Agl'ee"'~;' ment:'dat~dFebruary 7, 1977, and Treva E..Gangwish, Trustee Under the TrevaElaine Gangwish Trust Agreement dated February 7, 1977, executed and. delivered to The Federal Land Sank of Omaha (Post Office address. Omaha. NebraSka) a certain< note secured by a mortgage upon real property situated in Hall . County, State of Nebraska . said mortgage being recorded HKBXKiX ,,,. nor ~ 82-000863 . of the records of said County: and - 1-,,, n ~/ WHEREAS. the present owner(s) (and contract purchasers. if any) of the following-described security: NE~ of Section 4, Township 9 North, Range 12, West of the 6th P.M. c has/have requested The Federal Land Bank of Omaha to ,eamorti,,6 the balance remaining unpaId on said mortgage loan in accordance with an Application and Agreement for Reamortization, L NOW, THEREFORE, The Federal Land Bank of Omaha agrees to reamortize said mortgage loan, and the aforesaid present owner(s) (and contract purchasers. if any) hereby promise and agree to pay said unpaid balance according to all the terms and condillons of an agreement to reamortize heretofore executed and delivered to The Federal Land Bank of Omaha. Said agreement to reamortlz.e provides for the payment of said unpaid balance with interest at the said rate on an amortIzation plan. the last lOstallment being due and payable on Apri 1 1, 700? . Said agreement further prOVIdes that the Bank may. at its option. establish a higher or lower rate of interest. which shall thereupon apply to the unmatured balance of the debt and shall remain in effect until a diHerent rate ot interest is established. When a different rate of interest is established. the amount of each subsequent payment shall be lOcreased or decreased to retlect the different rate at interest. AU defaulted payments on advances tor taxes. tor payment ot insurance premiums and liens made under the terms of the mortgage and on all delinquent amounts after matunty shall bear interest from the date at default until paid at a rate which is equal to the then current mterest rate plus two percent per annum. or such hIgher or!owar rate as may from time to lime be established. .~