Laserfiche WebLink
200906741 <br />THE FOLLOWING DESCRIBED REAL PROPERTY IN HALL COUNTY, NEBRASKA: LOT NINE <br />(9), COACH PLACE SUBDIVISION IN THE CITY OF GRAND ISLAND, BEING A REPEAT OF A <br />TRACT OF LAND LOCATED IN THE SOUTHWEST QUARTER (SW1/4) OF SECTION 28, <br />TOWNSHIP 11 NORTH, RANGE 9 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA <br />CONTAINING A FRACTIONAL PORTION OF RIVERSIDE ESTATES UNIT I, AND LOTS ONE (l) <br />AND TWO (2) OF REGENCY BY THE GREEN SUBDIVISION, MORE PARTICULARLY <br />DESCRIBED ON PLAT RECORDED AS DOCUMENT NO. 80-000444, PLAT 'RECORDS OF HALL <br />COUNTY, NEBRASKA. <br />The Borrower has requested and the Lender has agreed to modify certain terms of the Line of Credit Agreement <br />and the Security Instrument as set forth below. All terms not defined in this Agreement shall have the same <br />meanings as set forth in the Line of Credit Agreement. <br />In consideration of the mutual promises contained in this Agreement, the parties agree as follows: <br />Change in Credit Limit. The Lender and the Borrower agree that the credit limit under the Line of Credit <br />Agreement is hereby increased to $45,000.00 and that the lien of the Security Instrument shall secure the <br />line of credit up to that amount as it is advanced and outstanding from time to time. <br />Each reference in the Security Instrument to the maximum amount of the line of credit is hereby <br />amended to the extent necessary to reflect the modified credit limit. <br />As a precondition to making the changes set forth above, the Borrower hereby agrees to pay to the Lender at the <br />time of signing this Agreement the other finance charges and other charges that are enumerated and disclosed on <br />the attached final HUD Settlement Statement which is integrated by reference into this Agreement. <br />Except as amended by this Agreement, all terms and conditions of the Line of Credit and the Security Instrument <br />(including any previous modifications) shall remain in full force and effect, and this Agreement shall not affect <br />the Lender's security interest in, or lien priority on, the Property. The Borrower agrees to be bound by and to <br />perform all of the covenants and agreements in the Line of Credit Agreement and the Security Instrument at the <br />time and in the manner therein provided. <br />This Agreement shal'1 not be construed to be a satisfaction, novation or partial release of the Line of Credit <br />Agreement or the Security Instrument. <br />By signing this Agreement, the Borrower represents and warrants to the Lender that the Borrower has no <br />counterclaims, set-offs or defenses to the Bank's rights under the Line of Credit Agreement or the Security <br />Instrument. <br />The Borrower agrees to pay or reimburse the Lender for any and all fees payable to public officials in connection <br />with this Agreement, and the recording thereof, including any mortgage registry tax that may be due. <br />Borrower hereby acknowledges Borrower has received, read and retained a copy of the Agreement and the HUD <br />Settlement Statement provided to me by Lender, all of which I agree to by signing this Agreement. <br />This Agreement does not increase or extend any revolving credit insurance Borrower purchased in connection <br />with the line of credit. Credit insurance means credit life, credit accident and health and/or credit disability <br />insurance. <br />Co-Trustor/Co-Mortgagor Liability. As to any Borrower who signed the Security Instrument, but who did not <br />execute the Line of Credit Agreement (a "co-trustor/co-mortgagor"), this Agreement does not modify, change or <br />terminate the nature of the co-trustor/co-mortgagor's obligations in connection with the line of credit. The co- <br />LOGIC Modification A rmt, HCWF#155v21 02/21/09) 2/5 <br />~~~~II~~N~~IN~II ~~~~I~ I~~~ ~~ Documents Processed 07-22-2009, 11:38:27 <br />