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<br />=aaN~ az~o-a lay:. v. ~o ~s+
<br />309-1 8361578
<br />The Federal Land Bankol Omaha ~~ - ~) l~ ~ V ~ ~.
<br />AGREEMENT REAMORTIZING MORTGAGE l
<br />WHEREAS; Donald D. Rainfarth and Judith L. Rainforth
<br />___
<br />executed ahd delivered to The Federal Land Bank of Omaha (Post Office address, Omaha, Nebraska) a certain
<br />note secured by a mortgage upon real property situates Hall Count State of
<br />Nebraska- st~~re 78xxt002779 y.
<br />,said martgage being recorded ia? of Mortgages, ~c
<br />-------------,-of the records of said County, and
<br />WHEREAS, said mortgage encumbers the following-described land in said Caunty and State:
<br />Wig; and SF3E (except 2.73 acres, more or less, conveyed
<br />by deed recorded in Book 246, Page 337; and except 1.582
<br />acres, more or less, conveyed by deed recorded. in Book
<br />172, Page 319) cf fection 29, Township 9 North, Range 11
<br />West of the 5th P.:yI.
<br />~. - ~G, ~,
<br />- ._ ;and
<br />WHEREAS, the i+en of all mortgage has been released tram me following-described land:
<br />A tract of land eomprising of apart of-the NE~'S~-af Section 29
<br />T9N, R11A of the 6th P.M. Ha11 County, Nebraska, more particularly
<br />described as"follows: Beginning at a paint on the.. North line of
<br />said SFFh; said paint being. 371.00 feet west df. the Northeast Corner
<br />- of said SE`-t;;thence N89°36'-00" W<for.124.00'feet along the North Line.
<br />of said SE~•,thence S0° 54'00"W for 437.70 feet;. thence S61°40'15"
<br />E fore..249.45 feet; thence S85°54'10" E-for 242.25 feet-ta a; point:
<br />oae thee.Uest R.O.W. line of Highway No. 11; thence N80°36'14" W fat:
<br />185.59 feet• thence N45°48'00" W>for 7.85.82 feet; thence N1°48`27"
<br />W`for 412,8 feet to the .point of beginning (Containing'1.718 acres)
<br />WHEREAS, the resent-owners and
<br />P (} (and .contract purchasers, if any) of sa+d sedurrty haslhave'requested The
<br />Federal Land Bank of Omaha to reamartize the balance remaining unpaid or,satd mortgage loan ~haccor~ance
<br />with an Application and Agreement for Reamaruzauoh. in t}:e amount of $ 3.3`7 , 532.12
<br />NOW, THEREFORE, The Federa) Land $ank of Omaha agrees to reamortize said m~r:yage loan, aria the
<br />atoresaid present owner(sj (and contract purchasers. rf any) Hereby promise ahd ayree 4o pay said unpaid
<br />baiartcz according to all the terms and conditibns of an agreement to reamdrtize heretofore executed and
<br />defrvered to The Federal Viand Bank of Omaha, Said agreement to reamortize provides for the payment of said
<br />unpard baiange w+ih interest at the; ~a+d rate on an smort¢ation plan; the last ihstallment being due and payable
<br />on - dsr~uar3z-1~-2(70 Said agreement furttrer provides that the $ank may, at its optian, establish a
<br />nrgher or tower zate of,interest which shall thereupon apply to the unmatured balance of the debtarrd shall
<br />remarrt in effect until a different rate of interest is established When a different rate of interest is established,
<br />the amount of each subsequentpayment shall be increased or decreased io reflect the different rate ai interest,
<br />Atl de#au}tea payments on advances for taxes. for gaymem of insurance premiums and liens made under the
<br />terms of the mortgage and. on aIi del+nquent amountsatier maturityshalt bear interest from the date o(defauli
<br />until paid at a rate whfoh is equal to the then current +merest rate plus two percent per annum, or such higher
<br />or IOWE~ rate as may frprn bme ta4ime be established..
<br />The rights of the mortgagee agazrsst all persons, ather than the persons}executing or 't,nserrliny to this
<br />agreement, who may, many mariner, be personally. liable anany ar afLafihe original indebtdness, or •+rha n+ay
<br />have any interest rn or lien en anY or alt of the. security cgvered by the mortgage. arr-- reserved. !any and ai;
<br />persons against whom rights are-see reservetl may demand that the rnoriyagwo er,tcrce at' ;:yhts as tc~ so.+ch
<br />1r1C,eb2@_ dness a5.thOUQf"4 fhr5 a{~r8emen2 of reaia'tartiZaii9rt had not beenmade. t1.,h G. E; b'6 nt ,tiCl'. i)E~m art if !fi
<br />de, tna5 agreement SfS~ 3 bu null crud v°id a5 t° sucfr noncor<s~ntusg ,'arti(u,, a,~d ril ri;~l t; a<,.r ~rr~, ar:y Crtx:
<br />a..:~~ St wrrom rsgfsts are he,ein reS~rvEd .Wray beviaived or n,ay >}t. crrfrrGe. 5 ~,., ;f rri gre~e^r ~ r,t ,°~:~+ .~, use:n
<br />::: ~e.
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