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200904349
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6/3/2009 3:26:33 PM
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6/3/2009 3:26:33 PM
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DEEDS
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200904349
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200904349 <br />certain real property and improvements located in Hall County, Nebraska, as described in the <br />Mortgage and on Exhibit A attached hereto ("Property"). <br />WHEREAS, the Note was modified by a First Allonge to Promissory effective April 1, 2003 <br />("First Allonge"). <br />WHEREAS, the Note and Mortgage were modified by that certain First Amendment of Promissory <br />Note and Mortgage dated January 20, 2006 and recorded in the office of the Register of Deeds, in <br />and for Hall County, Nebraska, on January 23 ,2006, as Instrument No. 200600619 ("First <br />Modification"). <br />The Note, Mortgage, First Allonge and First Modification are sometimes collectively referred to <br />hereinafter as the "Loan Documents". <br />WHEREAS, as of January 1, 2002, LB, merged with and into AAL with AAL being the <br />surviving corporation. Thereafter, on May 21, 2002, AAL amended its Articles of Incorporation <br />for the purpose of changing its name to Thrivent Financial far Lutherans. Thus, by reason of <br />merger and name change, LB is now known as Thrivent Financial for Lutherans. <br />WHEREAS, the most recent monthly installment of principal and interest owing under the Note <br />will be paid on June 1, 2009 and after application of that payment, the outstanding principal <br />balance owing under the Note will be Four Hundred Fifty-Three Thousand Six Hundred Seventy- <br />Three and 88/100 Dollars ($453,673.88). <br />WHEREAS, it is beneficial to the above named parties to modify and amend certain provisions in <br />the Loan Documents. <br />WHEREAS, Borrower warrants to Thrivent Financial that it has not granted or permitted any other <br />liens which presently encumber the Property described herein and will not so encumber the <br />Property without Thrivent 1~inancial's prior written consent, except for any short term unsecured <br />borrowings maturing within one (1) year no to exceed ten percent (10%) of the original Loan <br />provided that total debt does not exceed Three Thousand Five Hundred and No/100 Dollars <br />($3,500.00) per communicant member. <br />COVENANTS OF BORROWER <br />NOW, `I'I-IEREFORE, in consideration of the foregoing recitals, the covenants and agreements <br />contained herein, and other goad and valuable consideration, the receipt and sufficiency of which <br />consideration is hereby acknowledged, effective June 1, 2009 the provisions of the Loan <br />Documents shall be, and the same are hereby modified, altered and amended in the fallowing <br />respects: <br />• Interest Rate. The interest rate on the Note shall be remain at five and five-eighths <br />percent (S.62S%) per annum. <br />-2- <br />NE Amendment <br />May 19, 2009 <br />
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