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Recitals
<br />A. The Lender is the holder of the home equity line agreement of.•
<br />❑ the Mortgagor (also referred to as the "Borrower"),
<br />® GARY L KRUSE and
<br />ARDITH A KRUSE (referred to as the "Borrower), which is
<br />dated 0212612001 , under which the Lender has extended to the Borrower a revolving line of credit
<br />(such home equity line agreement, together with any modifications to it made prior to the date of this
<br />Amendment, referred to as the "Note"). The credit limit for the revolving line of credit evidenced by the
<br />Note currently is $ 65 000 , 00
<br />B. To secure payment of the amounts outstanding under the Note, the Mortgagor has given a mortgage or
<br />deed of trust to the Lender dated 10/10/2000 , (such mortgage or deed of trust, together with any
<br />modifications to it made prior to the date of this Amendment, referred to as the "Mortgage"), covering and
<br />placing a lien upon the real property more particularly described in the Mortgage. The Mortgage was
<br />originally filed for record on 11/17/2000 , in the office of the RecTister of Deeds of
<br />Hall County, as Document No. 2000 -10055
<br />in Book /Roll n / a Page /image n / a
<br />C. In connection with the original filing of the Mortgage, a mortgage registry tax was paid to the Treasurer of
<br />such county in the amount of $ on and that Treasurer placed his /her
<br />stamp on the Mortgage, such stamp bearing number
<br />D. The Mortgagor acknowledges that the Mortgage is valid and enforceable and represents the Mortgagor's
<br />legal and binding obligations, free and clear of any claim, defense or offset.
<br />E. The Mortgagor and the Bank now desire to amend the Mortgage to reflect certain changes to the Borrower's
<br />revolving line of credit with the Bank that is secured by the Mortgage,
<br />F. Property description (if applicable):
<br />Lot 38, Morningside Acres Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska.
<br />Agreement
<br />Accordingly, in consideration of the premises and other good and valuable consideration, each paid to the other,
<br />the parties to this Agreement agree as follows:
<br />® HELOC Modification Agreement. The Borrower has executed and delivered to the Bank a HELOC
<br />Modification Agreement dated 02/26/2001 (the "Modification "), which modifies the Note as follows:
<br />® Change in Credit Limit. The Borrower's maximum credit limit under the revolving line of credit is changed
<br />to a maximum principal amount of $ 100 , 000
<br />® Extension of Maturity Date. The revolving line of credit will terminate and the entire unpaid principal
<br />balance outstanding on the Note, together with any unpaid finance charges and other charges, will be
<br />due and pavable in full on 02 /26 /203_1. Until such date, the Borrower agrees to make the monthly
<br />payments as disclosed in the Note, or if modified by the HELOC Modification Agreement, as disclosed in
<br />the HELOC Modification Agreement.
<br />❑ Increased Rate of Finance Charge. The daily periodic rate is now equal to 11365 of % over the
<br />"Index Rate. "The "Index Rate" is the variable reference rate, adjusted in accordance with the Note (if
<br />previously modified, as so modified), which is:
<br />❑ the highest prime rate published in the Wall Street Journal "Money Rates" table.
<br />❑ the 91 -day Treasury Bill Rate (established at last auction average on a discount basis, rounded to the
<br />nearest .10 %).
<br />s Fargo
<br />W 12X89 15 -99- 2358 -J1 CO, MN, MT, ND, NE, NM, OH, SD, WY PO Box 93300 Page 1 of 2
<br />)k1buquerque, NM 87199 -3300
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<br />WELLS
<br />Amendment to
<br />Mortgage /Deed of Trust
<br />FARGO
<br />L a
<br />12-4 [1 Y 1 5- HELOC
<br />This Amendment to Mortgage /Deed of Trust ('Amendment
<br />") is made as of this 26 day of February
<br />2001 by and between
<br />WELLS FARGO BANK NEBRASKA,
<br />NATIONAL
<br />ASSOCIATION
<br />(formerly known as Norwest Bank
<br />National Association) having its office at
<br />GRANT) TsT,ANT)
<br />NE (the "Lender "), and
<br />GARY T. KRUSE,
<br />and
<br />ARDITH A KRUSE
<br />(whether
<br />one or more, the "Mortgagor ").
<br />Recitals
<br />A. The Lender is the holder of the home equity line agreement of.•
<br />❑ the Mortgagor (also referred to as the "Borrower"),
<br />® GARY L KRUSE and
<br />ARDITH A KRUSE (referred to as the "Borrower), which is
<br />dated 0212612001 , under which the Lender has extended to the Borrower a revolving line of credit
<br />(such home equity line agreement, together with any modifications to it made prior to the date of this
<br />Amendment, referred to as the "Note"). The credit limit for the revolving line of credit evidenced by the
<br />Note currently is $ 65 000 , 00
<br />B. To secure payment of the amounts outstanding under the Note, the Mortgagor has given a mortgage or
<br />deed of trust to the Lender dated 10/10/2000 , (such mortgage or deed of trust, together with any
<br />modifications to it made prior to the date of this Amendment, referred to as the "Mortgage"), covering and
<br />placing a lien upon the real property more particularly described in the Mortgage. The Mortgage was
<br />originally filed for record on 11/17/2000 , in the office of the RecTister of Deeds of
<br />Hall County, as Document No. 2000 -10055
<br />in Book /Roll n / a Page /image n / a
<br />C. In connection with the original filing of the Mortgage, a mortgage registry tax was paid to the Treasurer of
<br />such county in the amount of $ on and that Treasurer placed his /her
<br />stamp on the Mortgage, such stamp bearing number
<br />D. The Mortgagor acknowledges that the Mortgage is valid and enforceable and represents the Mortgagor's
<br />legal and binding obligations, free and clear of any claim, defense or offset.
<br />E. The Mortgagor and the Bank now desire to amend the Mortgage to reflect certain changes to the Borrower's
<br />revolving line of credit with the Bank that is secured by the Mortgage,
<br />F. Property description (if applicable):
<br />Lot 38, Morningside Acres Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska.
<br />Agreement
<br />Accordingly, in consideration of the premises and other good and valuable consideration, each paid to the other,
<br />the parties to this Agreement agree as follows:
<br />® HELOC Modification Agreement. The Borrower has executed and delivered to the Bank a HELOC
<br />Modification Agreement dated 02/26/2001 (the "Modification "), which modifies the Note as follows:
<br />® Change in Credit Limit. The Borrower's maximum credit limit under the revolving line of credit is changed
<br />to a maximum principal amount of $ 100 , 000
<br />® Extension of Maturity Date. The revolving line of credit will terminate and the entire unpaid principal
<br />balance outstanding on the Note, together with any unpaid finance charges and other charges, will be
<br />due and pavable in full on 02 /26 /203_1. Until such date, the Borrower agrees to make the monthly
<br />payments as disclosed in the Note, or if modified by the HELOC Modification Agreement, as disclosed in
<br />the HELOC Modification Agreement.
<br />❑ Increased Rate of Finance Charge. The daily periodic rate is now equal to 11365 of % over the
<br />"Index Rate. "The "Index Rate" is the variable reference rate, adjusted in accordance with the Note (if
<br />previously modified, as so modified), which is:
<br />❑ the highest prime rate published in the Wall Street Journal "Money Rates" table.
<br />❑ the 91 -day Treasury Bill Rate (established at last auction average on a discount basis, rounded to the
<br />nearest .10 %).
<br />s Fargo
<br />W 12X89 15 -99- 2358 -J1 CO, MN, MT, ND, NE, NM, OH, SD, WY PO Box 93300 Page 1 of 2
<br />)k1buquerque, NM 87199 -3300
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