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MODZFZCATZON AriREEMENT
<br />,C~~~+t ~ t3(i~~~5 :3ro,ect lD3-EHDlfl-NP-WAHJLB
<br />~~°" Lutheran Homes, Znc.
<br />THZS AfREEMENT, made as of the 24 day of October 1980, by and.
<br />between Lutheran Homes, Znc., a Nebraska corpora ti an, having its princioai
<br />place of business at Grand Zslartd hereinafter referred to as Mortgagrr, and
<br />United States of America acting by and through Department of Housing and Urban
<br />Develop,-r~ent, with an office at Omaha, Nebraska, hereinafter referred to as
<br />Mortgagee, witnesseth;
<br />i. WHEREAS, the Mortgagor has executed and delivered to the Mortgagee, its
<br />certain Note dated May 25, 1379, in the amount of S1,989,74D secured by a Mortgage
<br />of even date therewith and recorded May 37, 1979 as Document ;Vo. 79-+J03353 of the
<br />Mortgage Records of Hali County,'"ie"braska, covering certain real and personal
<br />property situated in the State of Nebraska, County of Hall, as described in
<br />Exhibit A which is attached hereto; and
<br />Z. WHEREAS, the Mortgagee is now the owner ancli7older of said Pdcte and Mortgage;
<br />and
<br />3. :WHEREAS, said Note and Mortgage are ~~resen*_7y ~urreatt; and
<br />4, IdHEREAS the Mortgagee has disbursed the suer trf i)ne 'P~9iilion ~Eine >Hundred Five
<br />Thousand Etght Hundred Dollars {$1,906,800? vrhich is ~! reduction in the -`ace amount of
<br />the dilate and therefore the Note and Mortgage should be amended ~o reflect the reduction;
<br />and
<br />5. '~!HEREAS the reduction in the `dote and '•?ortcace :rill ailew `or a reduction, in
<br />the monthly payments required to repay the loan over *_he amortization aeriod, and
<br />5. 'r:HEREAS the maturity date of the Ptote and P"ortaao~ gust ce _crrected.
<br />i1i3+1 TF;E?~FORL in consideration of tine ~vliai° 'wi.Dj :-, ra,i~~ r°' _.. uhe
<br />Mortaage2, receipt of which is hereby acknowledged, and other valuable consideration,
<br />the Qarties hereto agree to at!t°nd the terms Qf said Mete and !4nr'esc;P, :.it^ rerlec.
<br />to prineipa? and pay€r~nts to interest and orineipa7 ~, frilo,"ts: -
<br />7 _ ?]eleta f±^t~r!r tkr.aa Nntn anti F+~riga na •,,rho re~~a ~,r that/ appn_ur Tho _.•n rd< :and = - ,
<br />One Million Nine Hundred Eighty Nire "thousand Seven Hundred !?oliar~ .S7,9uG -rr,~~Kandy
<br />insert in lieu thereof Dne i~ti li ion `sine Hundred Five Thousand tight '-•.:ndred ifGiidrs
<br />($1,9D5,S00j.
<br />2. Delete from the Note the rnonthiy payment figure of 513,277.81 and insert in
<br />lieu thereof $32,717.92.
<br />3, Delete from the ?tote and Mortgage the maturity Date of ^;ovember 7, 2027 and
<br />insert ,lovember 1, 2020.
<br />NOTHING HEREIN CONTAIPtED shah in any way impair rho Nr,te nr thw $ari~rity now
<br />held for said rode'stedness, or alter, waive, annul, vary or affect any provision,
<br />Condition, or covenant therein, except the principal and the amount of payment, as
<br />herein provided, nor affect or impair any rights, powers, or remedies, under the
<br />said Note and tortgage, it being the intent of the parties hereto that the terms
<br />and provisions of said Note and Mortgage shalt continue in full force and effect
<br />as modified hereby.
<br />ZN WZTN£SS Wli£REOF, Mortgagor and Mortgagee have caused this 'instrument to be
<br />duJ,y evecuted and attested in their behalf by their duly authorized offieers.
<br />LuLhe~HOmes, Znc. United States of America Acting by
<br />~ ~ ~~ al,~ R '~ ~ and through Department ot;,He~sing
<br />8y ., sy~~~~a.F..~~~-- _~ _~* `/ ,_~_ and Urb~y! Devaiop~men
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