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.r..____ AGREEMENT AWUSTING LOAN TF.ItMS RE: FML No. X56945- -.-.... ~'~ '-` () ~1 ~ 5 r Q .`Yhecm, t`ne ~~r. Y.aneo<~ ; v:rrd Lite lnsu:ancc^,c-opany, h<rr:n cW~ "F6 at °arty" ;s the holder of a certain Note ev3denaiag an obli~tbn in the sum otf_-,ij~~9~IQ.QQ-•-•--------•------------- -secured by a mortgage, or deed of trust, herein called "Mortgage,,, ae lkrcument X76-006428 dated -~StY.ti}All?.45-.3-... x.9)6-------------°•--------and recoNe~llrlgeedc--•-•-------------•---- ps~e-°------ --------•----• in the of[ii~ of the gICB~At.Bx -try.-IdxGdA.---•----- ot---H&J.k------------------•--County, and in book------ ----------------- WBe'--_-..--.'--.....-.-.. in the office of tht-•---.._...-'--------•-------------•----•° °t---------------------•-•--------------County, and State ot---Nsk~elska--•-°-•----------... ~ Note and Mortgage given by___ Dennis_ J_e - Schlund--gnd-Kathryn-Schlund AND WH~tEA5, the bsknce of principal eernaining unpaid on said Note isf-$~}Q00,00 _-_ AN~WFIEREAS.-----__°RRAtlj,a-,7..--~ChluAd--Atld--$g>ShF1'i?-~ehlunds_h~tsband_-and crife heratn e.Mkd "Seeotod Party" hereby warrant___________________ that they axe now the sole owner; of the real estate so eacnmbeted; AND WHEREAS, Second Party also represent and warrant that there are no lien or encumbrances upon said teal estate junior and inferior to the Mortgage actxpt: Overland National Bank and liulme Feed & Supply. MOH, TIlEREFOBE, in consideration of the payment by the Second Party of the sum of $34,140.00 ($16,790.00 to be applied on account of principal due May 1, 1991, and $15,350.00 to be pro- rated and applied on account of obligatory principal installments due May 1, 1981, and May~l of each year thereafter, to and including May 1, 1990) and- the release by the First Party of 80 acres of the property described in said mortgage from the lien thereof, and is cansideratioa of the mutual lxnetits to stsd the mutual promises of the parties hereto, it is hereby agreed with ee~ect to the Note and Mortgage: Thst from and after ]?~tyary__j,t_~ Qj;l__-_,___-- the principal remaining [corn d~unpaid shall bear interest at the rate _,.,.-., of- --- per annum instead of --__-•---1Q~,_------------------- per aaaa~as originally proaided. Thai the Iron fa of o[ which is recited in the Note andlor J { ~*~ - op - ptepaytue principa! Mos{ppa$aed to read u (oRows: The privilege is reserved to pay $100.00 or any anrltiple thereof on account of the psiacipal oa say iniesest paying date provided such payment does not exceed $4,886.00 including obligatory principal payments in any one year, such privilege not to be cumulaClve. Tlaa defauit rotor of interest provided for in the above referred to note and/or mortgage is hereby tacraa~t from 12% par annum to 14~ par annum. The rata of Laterest provided far in the above referred to mortgage for advances try the au<l~rtgagae far taxes, a*;esamenta or charges or procurement of insurance as stipulated in said xmrrtgags, sad the rate of interest provided for in said mortgage for litigation expeaaa advanced by the awrtpagee as atlpulated in said mortgage is hereby increased from 12'L to 14~ pet annum. W Y~, SW ~/y oi- 5ee~-:+,a Z,$ ~l 2. - iZ 5 fit, S iJ ~4 . S S..e~ I «. ! ~( - r t .• } 2