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$6--103359 <br />LOAN MODIFICATION AGREEMENT <br />THIS LOAN MODIFICATION AGREEMENT made and executed this <br />15 day of MaY , 1986, by and between ART N. BURTSCHER <br />and JAN L. BURTSCHER, husband and wife, hereinafter called the <br />"Borrowers "; and THE OVERLAND NATIONAL BANK OF GRAND ISLAND, <br />NEBRASKA, hereinafter called the "Lender ". <br />W I T N E S S E T H: <br />WHEREAS, the Borrowers have executed a certain Note in the <br />original amount of Forty -Five Thousand Six Hundred Seventy -Four <br />and 16/100 Dollars ($45,674.16), dated December 28, 1984; <br />WHEREAS, there is presently outstanding a remaining princi- <br />pal sum in respect to said Note in the amount of Forty -five thousand <br />five hundred thirty -one dollars and 20/100------ - - - - -- Dollars <br />WHEREAS, Borrowers have made application to the Lender to <br />adjust the terms of payment in respect to said Note; and <br />WHEREAS, Lender has agreed to adjust the terms for payment <br />in respect to such Note contingent upon the Borrowers' perform- <br />ance in accordance with the provisions of this Loan Modification <br />Agreement, <br />NOW, THEREFORE, in consideration of the mutual covenants <br />herein contained, it is agreed: <br />1. In accordance with the terms of this Loan Modification <br />Agreement, the terms in respect to payment of the existing Note <br />dated December 28, 1984, are hereby modified to provide that the <br />remaining principal sum of Forty -five thousand five hundred thirty- <br />one and 20/100---- - - - - -- Dollars ($ 45,531.20 ) , with interest <br />from May 15 , 1986, on such unpaid principal balance at the <br />annual rate of ten and three - quarters percent (10.75$), and to <br />provide that such remaining principal and interest shall be <br />payable at the office of The overland National Bank of Grand <br />Island, or such other place as the holder hereof shall designate <br />in writing delivered or mailed to the Borrowers, in Forty -three <br />(43 ) monthly installments of Four Hundred Ninety - <br />Five and No 100 Dollars ($495.00) each, applied first to accrued <br />interest and then to principal commencing on the 15th day of <br />June , 1986, and continuing on the 15th day of each month <br />thereafter, with a final payment of the then remaining principal <br />balance, together with accrued interest, due and payable on the <br />15th day of January, 1990. <br />2. Except as specifically modified by this Loan Modifica- <br />tion Agreement, all other terms and provisions of the Note dated <br />-1- <br />H <br />