|
TA SE,9~ ~cs~ ~"i~~.e
<br />MODIFICATION AGR~ FM NT
<br />THIS AGREEMENT MAIAE ThiYS JAt+R3ARY 5, 1982 BY' AND'
<br />E3ETwEE}~ kiDLI~iAY GARCSEN Tp?Wt~9Ctl}SES II _~ AN NEBRASKA GENERAL PARTNERSHSP
<br />IM9RTGAGO~tA: aNta ROTFiSGHILD FINANCIAL CORPORATION _A MINNESOTA _
<br />CORP~DRATI0IY ;-t+ftJk'TGAGEE). AND THE SECRETARY OF HOUSING AND URBAN DEVEL9P-~
<br />MENT A!'dD-NER SItCGESSORS, ACTING BY AND THROUGH THE FEDERAL HOUSING
<br />COMMISaIt]NE~R (GC3MMISSIONER').
<br />REC 17Ad,_5
<br />I. THE MORTGAGOR EXECUTED AND DELIVERED TO THE MORTGAGEE A
<br />CERTATts M9R7GAGE NOTE DATED _ MARCH I0, 2981 IN THE PRINCIPAL SUM 9F
<br />~687,2Db_00_a~ (THE NOTE),. SECURED BY A MORTGAGF_ OF EVEN DATE
<br />THEREwTTFi FILED 9x= RECORD ON _ MARCH 23, 1981 _
<br />IN THE MORTGAGE RECORDS 9E HALL COUNTY ___ NFE9RASKA._ THE MOR GAGE,
<br />COVERING CERTAIN REAL PROPERTY MORE FULLY dE5CRIBED 'THEREIN AND SdTUATED
<br />IN THE- STATE OF dVEBRASKA. ~_~______ AS MdRE FUt_LY DESCRIBED FN
<br />EXHI`8IT 'A` ATTACHED HERETO..
<br />2. PURSUANT TO SECTION 221-D-4 OF THE NATYONAL HOUSING ACT,..
<br />A5 AMENDED,."THE MORTGAGOR AND THE COMMISSIONER ENTF_RED IN7"O A CERTAIN
<br />REGULATORY AGREEMENT, iTkiE REGULATORY AGREEMENT) DATED MARCH 10, 19ff1
<br />AND FI1:ED FOR RECORD ON MRRCki 23. I98I
<br />IN THE RECORDS 9F HALL COUhiTY, _ NFflRASKA. THE REGUE..ATORY AGREEMENT
<br />DESCRIBED THEREIN IS THE SAME REAL PROPERTY DESCRIBED IN THE h10RTGAGE.
<br />3. ON DECEM8ER.21, 198I PURSUANT TO WRITTEN INSTRUCTION
<br />EXECUTED BY THE COMMISSIONER, THE PRINCIPAL SUM OF THE NOTE AND THE
<br />MORTGAGE SHALL I3E REDUCED FROM ^~~5687,200.00 -._-- - TO ~ 659,500,00 ,
<br />4. THE NI?TE AND M9R7GAGE ARE PRESENTLY CURRENT TO AND
<br />YNCLUDING THE DECEMBER 311981 `
<br />S. THE MORTGAGOR ANp MORTGAGEE NOiV DESIRE TO AMEND AND
<br />MOD'IF"Y THE N9TE AND MORTGAGE REdUCING TkiE PRINCIPAL SUM 4F THE INDEB-
<br />TEDNESS EVIDENCED T'ttEREBY FROM ~~~687,200,00 _~ TO 6..59.500.00
<br />NOW THEREFORE, IN CI7NSIDERA7ION OF THE PREMISES AND THE
<br />AGREEMEN-TS HEREIN SET FORTH, THE PARTIES HER~T9 INTENDING T9 LEGALLY
<br />C30UNIJ HEREBY, AGREE AS FOLLOWSx
<br />I« THE PRINCIPAL SUM 9F THE IN-DEI3TEDNESS EVIfJENCED BY 'THE
<br />4UTE A^w k^.r~zTGA~GE IS HEREBY Ri=dUCED Ff29M g687,20C}.00 T9
<br />554,SC"~_~G AND M9NTHLY INSTALLMENTS 9F INTt=REST AND PRINCIPAL IS
<br />- --•-- - _
<br />rtLFtEBY ;~CiUC1iD FROM #4.52.2~26~ 7p ~$4,33~9,98 '
<br />2. NOTHING HEREIN CONTAINED StiAtL IN AhIY MAPJNER WHATSOEVER
<br />Ih1F'-AIR TrfE SL-CUR..ITY OF THE MORTGAGE NOW. HELD I=OR T:HE INDES:7EDNE.SS
<br />EvIDENCECx SY THE NOTE., OR ALTER, WAIVE, AhtNUL, VERY OR AFFECT ANY PRO-
<br />VISION, C9VENANT OR CCiNDITION 9F THE MORTGAGE OR THE REGULATORY AGREEMENT,
<br />EXCEPT AS SPECiF'ICALLY t~l90ZF"I ED AND AMcNDE{> HEREIN, NOR AFFECT OR IMPAIR
<br />ANY RIGHTS, POWERS OR REMEDIES UNDER THE M9RTGAGE AND REGULATORY AGREEMENS,
<br />IT BEING ThtE INTIrr1T OF TkiE PARTIES HERETO THAT ALL 9F THlw TERMS. COVENANTS,
<br />::ONOITION~ ANp.A~GREErmENTS.f]P THE MORTGAGE A.NO THE REGULATORY AGREEMENT
<br />SHA!! Ca^t7INUE AND R.~~c-SRIN IN FttLL FORCE AND EFFECT EXCEPT AS MOD:IFIE:D~
<br />3 « THI 5 ACRE=EMENT SHALL SE FSI ND I NG UPON AND I tJURE TO THE
<br />t'3Eta~f=I~T Gf-" ~1'H~ PARTIES HERETO„ A.ND THEIR RESPG'CTIVE SUCCESSORS AND
<br />A 541GAfS_ '
<br />
<br />IN W1'TNi~SS S+tHEREt3F, THE. PARTIES HAVE CAUSED THIS AGREEMENT
<br />r0 BE E~XE_CUTED ;IN Tt°EE DAY AND YEAR FIRST Af30VE 4fR3I"TEN..
<br />F74f~2r,6+.GC3[3.a.
<br />u_),~... ,^: r;7.~ ^d Tt~ktNk-1S~LSEr} e I
<br />~ ,•,^~ A
<br />3.R- ~, s
<br />j.,~sA tlJ'M t;. iWi~~ ~. eiyji~P ,oh _.'ST t. rt '.~?~aE 4d
<br />
|