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<br /> , 2 , 10.029�s �ile No. 836•A —:--t
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<br /> Autum�Partc Subdivision, in the Cify of Grand Island, iiatf Coun �'�'"=
<br /> tY. �r T•----
<br /> Nebraska, -___
<br /> and the apartm�nt complex and other improvemenis being const�ruc4ec� by the�lpnow�r �
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<br /> —�; thereon (the land and im�arovem�ts afore�d�cribed being hereinafeer referr�d to as the �_
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<br /> .' "Rroject°)• ��';
<br /> 3. Frese � .iei�n. Boerower�presents,covereanYs and vra�rants U� Let�c�r thaY _°`:::.:
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<br /> �� @ams�ver re�ains th�owrter afi.th���aject,subject only to the Assignment df Rents and Leases and the _�._
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<br /> peed�cr�ri�n�si,Security P�gre2ment attd Assignment e�f Ffents set forth ahove and excepiions to sitle �;.�;==;
<br /> shmvn in lawye�s Titte lnsurance Cvrporation Cosnmitment fnr�itt�Insurarece dated September 26, _ ��
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<br /> <s�., i996,File No.96-1�70,issu�d by Gran�Islartd AbsOrad,Esuow&Tide Co. -
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<br /> " . 4. �,t�ificatian of loan. Tfna parties hereto: �.-
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<br /> �� a. hav��ed to,a�-td do hereby,modifj+Yn����an��,<i r.r�easing the principa{ .-
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<br /> ..��J � 3ndebtedness ftom $1,3�b0,Q�4.�� to $4,a40,Q00.00, as evidenc�d by ths additional ___ -
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<br /> � $1,700,0OO.OU P�a�►.'�sory Na2e o# Borrower to Lender dated of even date 6►e�ewith Ethe �._,.
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<br /> �;`"5��, ��2,7QO,aDO.Ufl Pr�m;��,r Note'7;and � v
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<br /> �b. hav��gre�d ta,and do hereby,modify:y��visinns a�F cergain of th�Originat
<br /> � }J-+ Loan Documents to r�f�acc the foregoing modif�rmtions,all as more pas�I�larty ha�fe:nafter set � ��i,
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<br /> .: ..: ,� N�MO;THEREFORE,it is h�re6y,-agre�d between th���arties as foltows: �
<br /> � ,...� 1, ,�,7 7+04�Aaf1:mD Prom;s�a�v No3e. ��.
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<br /> �� °.'� . Concur.�iiy with the executton hereof,Borrower has executed and delivere¢to Lender his � _ ,.
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<br />,::���;�,.�� �Z,�00,000.00 i'romissory Note,which the parties agee represents an additc��n�a1(oan ie�said amount @R�-..
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<br /> ��r� - W Borrower,ic.�easing the tota!princi��i inde6tedness of Borrower to Lender,vdiien ful��.advanced, _
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<br />.���.�� • ta.:�4f�Q40,000.00. Borrov�����'�areby actcnowledg��a�r�1 agr�es that the two.�m.es,in the a�ounts a�� .
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<br /> . � . �1,34b,000.d�ancl$2,7�3;�00.00, respectivety,will be deemed securecl in equal priority 6y th2
<br /> ;;.,,.... '� C?ri;�y�*.�9 loa.t;i 6��ntrrr�r�t�,a�.herein am.�nded. . �.':
<br /> :;;ri.,. 2, �4i�,���,rt4�f�4� ;:�a�_��as�es. ' __
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<br />�''�';';� ' ' � � a. E�ctive u�a:r the e�tr�z�:�hereuf,the Preliminary Statemeni fo•;rnd an����1�of tl�e
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<br /> ^�'��"� Assignmeni of Rents and L�,ar+:s is amended by deleli���a the first sentence an�substituting the follawin�,v �_�
<br /> � sentence in�z!�te thereof:
<br /> ' � � Banower has se�ured(oans from Lender in th�a�ti��ovnts of$1,340,UOOA�ai�ci —_
<br /> � � $2,7QU,OOU.00,evidenced by ceRain pras�z�ssory nai�s dated respectiv+ely jun��4, ' c,
<br /> 1996, and October�, 1946 (collectivety, the "Promissory Note") executed �y -=
<br /> � Borrower in favor of Len der an d bearing inte�rest art d being pay a b le a s p r��t d e d �
<br /> therein. ��•
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