200111057 - Laserfiche WebLink

Browse

T = y n n Z lm) _ \, o o o m N Q �`. c-D C N CD 7nC = N rM*1 �-i M O CO h O C2. CA) O Tj C) Imp P d Ch rh r s/s cz� r n �-' C C-0 tQ i i c o N � � i CJl ` Ca W f1> DEED OF TRUST MODIFICATION AGREEMENT (Variable Rate to Fixed) THIS DEED OF TRUST MODIFICATION AGREEMENT made and executed this 9TH day of OCTOBER, 2001, by and between CHARLES R WINKLER AND DORIS L _ WINKLER, HUSBAND AND WIFE, hereinafter referred to as "Borrower ", and HOME ca FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred cJ� to as "lender ", ° WITNESSETH: WHEREAS, Borrower did execute a certain Adjustable Rate Note payable to the order of the Lender in the total original amount of ONE HUNDRED TWENTY THOUSAND AND NO1100 , Dollars ($120.000.00); WHEREAS, the Note described above was secured by a Deed of Trust with Adjustable Rate Rider dated OCTOBER 19, 1992, filed of record in the Office of the Hall County Register of Deeds on OCTOBER 23, 1992 as Document No. 92- 109147 in respect to that real estate described as: LOT TWENTY TWO (22) AND TWENTY THREE (23) SITUATED ON THE WEST SIDE OF THE EAST PORTION OF KUESTER' S LAKE AND BOUNDED ON THE WEST SIDE BY THE COMMON ROAD AND BEING ON A PART OF THE EAST HALF OF THE SOUTHWEST QUARTER (E 1/2 SW 1/4) OF SECTION THIRTEEN (13), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA WHEREAS, Borrower has requested that interest be converted to a fixed rate rather than the variable rate specified by such Deed of Trust with Adjustable Rate Rider and that the stated maturity date be also hereby modified; WHEREAS, Lender is willing to convert such variable rate loan into a fixed rate loan to be secured by such Deed of Trust with Adjustable Rate Rider and modify the existing maturity date; WHEREAS, Borrower and Lender hereby desire to amend the existing Deed of Trust with Adjustable Rate Rider identified hereinabove to provide that it shall continue to secure the presently remaining indebtedness from and after the date hereinafter specified together with a fixed rate of interest rather than a variable rate as originally set forth in such Adjustable Rate Rider; NOW, THEREFORE, it is agreed: 1. Interest Rate and Maturity Modification. Commencing effective NOVEMBER 1 2001, the indebtedness secured by the Deed of Trust with Adjustable Rate Rider hereinabove identified shall accrue interest at a fixed rate of SIX AND ONE QUARTER percent 6.25% throughout the remaining term of such indebtedness and, notwithstanding the provisions contained in the Adjustable Rate Rider, there shall be no further adjustments to such interest rate. The final maturity of such indebtedness as modified, secured by such Deed of Trust shall be OCTOBER 1, 2016, notwithstanding any other date of maturity which may have been specified in the Deed of Trust hereinabove identified.