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101240
<br />]RICHARD E. STEP4t1r3VS, JR. , BARBARA G. SigHEIS AVID FRANK GAU T, whether one or
<br />more, herein called the Mortgagors, and The Overland National. Bank of Grand Island,
<br />Grand Island, Hall tbunty, Nebraska, herein called the Mortgagee, hereby agree as
<br />follows:
<br />1. Mortgagors have executed and delivered to Mortgagee a real estate mortgage
<br />dated March 1, 1985, and recorded on March 1, 1965, as Document No. 85- 001040 in the
<br />office of the Register of Deeds, Hall County, Nebraska, in consideration of a certain
<br />mortgage note for $183,740.52, a valid subsisting obligation of the Mortgagors, and
<br />payment of the remainder of the principal and accrued interest thereon shall be due
<br />according to the teams of the aforementioned real estate mortgage, modified and
<br />payable in the following manner:
<br />A mortgage note dated March 1, 1985, on which a principal.
<br />balance of $167,740.52 remains unpaid, will be repaid in
<br />quarterly principal payments of $4,000.00 plus all accrued
<br />interest due on May 26, 1986, August 26, 1986, and November
<br />26, 1966, with the entire unpaid and remaining principal
<br />balance plus all accrued interest fully due and payable
<br />on February 26, 1967. The interest rate charged on this
<br />loan will be 11.5 %, fixed, from February 26, 1.966.
<br />2. All other term and conditions contained in the original real estate mortgage
<br />dated Larch 1, 1965, shall remain the same, and this Modification Agreement is made a
<br />part of the original real estate mortgage by reference and shall inure to all successors
<br />and assigns and their heirs.
<br />Dated this 26th day of February, 1986. -�
<br />4�d Gr...L J - Stephens, Jr.
<br />�i
<br />Ba. ara G. Stephens
<br />Frank Gall
<br />THE A CNAL BANK OF GRAND ISLAND
<br />BY:
<br />rt A. Morris, President & CBD
<br />STATE OF' NEBRASKA)
<br />SS. REgWDERS MEAGQ
<br />CMM OF HALL
<br />Ci Dow$
<br />Before me, a notary public qualified for said county, personally came Richard E.
<br />Stephens, Jr., Barbara G. Stephens and Frank Gallup, known to me to be the identical.
<br />persons who signed the foregoing instrtmnt and acknowledged the execution thereof
<br />to be their voluntary act and deed.
<br />Witness my hand and notarial seal
<br />w.w� ran -+M».� j
<br />KAREN M. NIEMLT
<br />_.. .. .... Mr Gomm Exit. Des '2
<br />STATE CF NEBRASKA)
<br />) ss.
<br />COLIM OF HALL )
<br />this nth day of February, 1.986.
<br />Not,iry_Public
<br />Before me, a notary public qualified for -said county, perssonaily came Robert A.
<br />Morris, known to me to be the identical person who signed the foregoing instrwa ent and
<br />acknowledged the execution thereof to be his voluntary act and deed and the voluntary
<br />act and deed as an officer of said <x,rporation.
<br />Witnetis my hand and notarial seal this `?nth okay of February, 1(04i.
<br />so*" Mmy -ua • w+»,.�o c µ '_ ' --
<br />kAREN ItF. Ni[i7 b Ci'a �t °a t 'iCV i'UI � 1 1 .
<br />�,Y
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