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<br /> - .y pFED OF TRUST MODIFICATION AG1t�EMEN� !
<br /> � � (V�triable R�te to Fixed)
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<br /> : .. � THIS DEED OF TRUST MODIFICATION AGREEMENT made and executed this —r
<br /> �
<br /> �• �j, 23rd dayof January 1998,byandbetween EARL A. mARKWORTH AND ALANA D. Q�
<br /> ' mA�KWURTI�, husband and wlfe �� �
<br /> . " ,�. hereinafter reteaeci to as Borrower",and HOME FEDERAL SAVIN(�S AND LOAtV
<br />- ASSOCIATION QF C�RAND ISLAND,hereinaRer referred to as"Lender".
<br /> ' �� WITNESSETH:
<br /> � � WHE1tEAS,Borrower did execute Adjustable Rata Note payable to the order of the
<br />� Lender in the total original amount af ONE HUNDRED TWENTY THOl1SAUD AND NO/1��oUars
<br /> , ' ($ 1c0,000.00 );
<br />_�.. --
<br /> WHEREAS,the Note described above a►as secured by a need of Trust with Adjustable �
<br />� � Rate Rider dated aPril 4� 1994 , 199� filed of record in the Office of the
<br /> S HA i County Register of Deeds on Qp,�,L e • 199.t��
<br /> . , :
<br /> Uocument No. 9u-1�2872 in respect tothat rea!estate described as:
<br /> _ LOT EIGHT (8) WESTERN HETGHTS FDURTH SUBDIVISION IN THE CITY OF GRANO ISLAND.
<br /> HALL COUNTY, NtBRASKA
<br />-. �r, . . .
<br /> ;. .
<br />_,.
<br />�"� � • �t
<br />_ . WHEREAS,Borrower has requesteci�ihat interest be converted to a fixed rate rather than
<br />', ' ".� the variable rate specified by such Deed of Trust with Adjustable Rate Rider and that the stated
<br />- � maturity date be also hereby modified;
<br /> WHEREAS,Lender is willin�to convert such variable rate loan into a fixed rate loan to
<br /> � ,; � be secured by such Deed vf Trust with Adjustable Rate Rider and modify the existing maturity -
<br /> _ �� date; � _
<br /> .- :.- -�
<br /> � ' WHEREAS,Bonower and Lender hereby desire to amend the existing Deed of Tcust
<br /> , , with Adjustable Rate Rider identified hereinabove to provi,de that it shall continue.to.s�cure the �
<br /> - � presently remaining indebtedness from and after the date h�ere�jnafter specifigd to�rther�vith a
<br /> �� . fixed rate of interest rather than a variable rate as ori�inaU f+sef forth in such Adjt=stable Rate E'-
<br /> Rider; .�t
<br /> NOW,THE1tEFORE,it is agreed:
<br /> I. Interest Rate and Maturi�Modification. Commencing effective FaF�riiar�l. ,
<br /> 199 e� the indebtedness secured by the Deed of Trust with Adjustable Rate Rider hereinabove
<br /> identified shall accrue interest at a fixed rate ofSeven and one-half percent 7.5CP/o)
<br /> .• L_ .t_ _ ..�....«..�`0....1�in�inF�fnr�nacc an� nntwithctan[�inv tlle nfAVISlA11S
<br /> — __. _ _ .. • •
<br /> _� � l[IfUU�IlVlit tti0 ictuaiuii.yr w...............................�.....�'—,°^"-----------� .+ � . ---
<br /> contained in the Adjustable Rate Rider,there shall be no further adjustments to such interest rate.
<br /> The final maturity of such indebtedness as modified,secured by such Deed of Trust shall be
<br /> , Janua ry 1, Zooe ,notwithstanding any other date of maturity which rnay have
<br /> : � been specified in the Deed of"I'rust hereinabove identified. , � . �
<br /> I 2. Continu�ng E:Eiect. Except as specifically modified by th'is Deed of Trust Modification
<br /> { Agreement, all other terms and provisions�f the Deed of Trust with Adjustable Rate [tider
<br /> - ; hereinabove identified shall remain in full force and eftect. �
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