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1~ <br />rn <br />~.~ ~ G <br />~~ <br /> <br />~~ ~ <br /> <br />_ z <br />v <br />~ <br />_ <br />~ <br />~ <br />n ~„ <br />N <br />~ <br />~ ~ <br />^ <br />79 ~ _ <br />~ <br />~~ <br /> <br />~~ <br />~ m <br /> ~ <br /> <br /> <br />.~~ r <br /> <br /> <br />n = cy cn <br /> ~ ~ <br />~ _. ~ ~ <br /> ~\ <br />-._, <br /> r= ---- '~'-' c~ m <br /> ~, ~= -~ c v <br /> ~y r-- CJ ~1 d ~} <br /> <br /> <br /> ~ ~ r7'1 Z <br /> <br /> . I'~1 f- 7fJ „~ <br /> <br /> ~ ~ <br /> w ~ <br /> ~ m <br /> -~- --- <br /> ~ <br /> z <br /> <br />DEED OF TRUST MODIFICATION AGREEMENT <br />(Fixed to Variable Rate) <br />THIS I~ED OF TRUST MODIFICATION AGREEMENT made and executed this <br />~' ~~ ~Iafy of .~rr , 2009, by and between WILLIAM P JEFFRiES, A SINGLE <br />PERSON, here referred to as "Borrower", and HOME FEDERAL SAVINGS AND <br />LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "lender", <br />WITNESSETH: <br />WHEREAS, Borrower did execute a certain NOTE payable to the order of the Lender in <br />the total original amount of ONE HUNDRED TWENTY EIGHT THOUSAND TWO <br />HUNDRED FIFTY AND NO/100, DOLLARS ($128,250.00); <br />WHEREAS, the Note described above was secured by a Deed of Trust dated JULY 21, <br />2004),,_ f led of record in the Office of the HALL COUNTY REGISTER OF DEED' S OFFICE <br />OF HALL COUNTY, NEBRASKA on JULY 2b, 2004 in DOCUMENT # 0200407355 in <br />respect to that real estate described as: <br />LOTS EIGHTEEN (18) AND EIGHTEEN A (18A), HAVING A LAKE FRONT FOOTAGE <br />OF 125 FEET AND SITUATED ON THE WEST SIDE OF THE EAST PORTION OF <br />KUESTER LAKE AND BEING ON A PART OF THE EAST HALF OF THE SOUTHWEST <br />QUARTER (El/2SWl/4), IN SECTION THIRTEEN (13), TOWNSHIP ELEVEN (11) <br />NORTH, RANGE NINE (9) WEST OF THE 6~ P.M., HALL COUNTY, NEBRASKA. <br />WHEREAS, Borrower has requested that interest be converted to an Adjustable Rate <br />Note rather than the fixed rate specified by such Deed of Trust and that the stated maturity dated <br />be also hereby modified; <br />WHEREAS, Lender is willing to convert such fixed rate loan into an Adjustable Rate <br />Note and modify the existing maturity date; <br />WHEREAS, Borrower and Lender hereby desire to amend the existing Deed of Trust <br />identif ed hereinabove to provide that it shall continue to secure the presently remaining <br />indebtedness from and after the date hereinafter specified together with an Adjustable Rate Note <br />rather than the fixed rate Note; <br />NOW, THEREFORE, it is agreed: <br />1. ADJUSTABLE RATE AND MONTHLY PAYMENT CHANGES <br />The Note provides for an initial interest rate of 6.00%. The Note provides for <br />changes in the adjustable interest rate and the monthly payments, as follows: <br />2. ADJUSTABLE INTEREST RATE AND MONTHLY PAYMENT <br />CHANGES <br />(A) Change Dates <br />The adjustable interest rate I will pay may change on the first day of JULY <br />1,„2,014 ,and on that day every 12~' month thereafter. Each date on which <br />my adjustable interest rate could change is called a "Change Date." <br />(B) The Index <br />Beginning with the first Change Date, my adjustable interest rate will be <br />based on an Index. The "Index" is the weekly average yield on United <br />/~` 5° <br />