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<br /> �OAN MfM�IFICATIi]N AND AS5U�IPTION �97 1t�� �
<br /> ' AG(t�C•P'�NT UIITH RELEASE —•
<br /> � r �.:
<br /> WIIEREA5, IiDf+'IE FEO�RAL SAVINGS AND LUI1N ASSDCIATION UF GRAND ISI.ANU hereineFLer �`
<br /> reforred to as °I�ome Fedecal"� 1�anQd COREY D. KEEZER AND .IOcY A. KEEZE� __
<br /> hereinafter reFerred to as Bqrrowers", the original -
<br /> principal sum of r���N pt1SA�p SFVFN HUNDRED EIGHT AND OS/00 Dollars °
<br /> „ �� ($ 15�708.05), as evidenced by a mprtyage note dated �ET��� , and
<br /> secured by a mortgage/deed of trust dated ,T[INE 7� 1996 end recorded as Document —
<br /> �y � No. 96-106415 in the Office af the Register of Oeeds in Hp ,t�. ,_County� NEBRASI,�Q
<br /> .,,.,�.,.�,a1M� and
<br /> WHER�AS, seid Borrowers have sol.d to the undersigned Purchasers the property —
<br /> legally de3cribed as:
<br /> LOT SIX (6) IN ARGQ 'IHIRA SUBDIVISION, IN TH� VILI.AGE OF ALDA, HALL COi1NTY,
<br /> �, i1EBRASKA.
<br /> . ' � �
<br /> - �,.
<br /> � and
<br /> � WHER�AS, Purchasers deaire tp assume and pay the remaining indebtedness described
<br /> � above as �videnced by the af�rementioned note and �:.ortgage/deed of trusti end �
<br />, IUHEREAS, 8orrowers desire to be released from any further obliga tion in respect
<br /> - to the abave described note and mortgage/deed of trust; and
<br /> WHEREAS. Home Federal is willing to permit the assumption by Purchasers of
<br />_- •--- �.iie note and mortgage{desd af tr.ust and release the 8orrowers from the o5ligations
<br />=�' evidenced by the aforedescribed note and mortgage/deed of trust; subject� however,
<br /> ��~ � to a revision of the termg of payment of said indebtedness, � .
<br />�� �" NU61� THEREFOH�, in consideration of the mutual covenants herein cantained,
<br />�=..,ti.;,.,�, .
<br /> - °��<r,,=� it is egreed:
<br /> -�;�',;;ti' 1. The urrdersigned Pur�h�ser� here�y assume and agree to pay the remaining
<br /> �;:,-:.a�:ti,.';� indebtedness evidenced by� the afnredescribed noLe end mortgage/deed of trust and
<br />�-�`�,`;;� �" � perform all of the obligai;ions provi�ied therein end as mudiPied her b t being
<br /> __--��:�:='�'��,' agreed and understood that as of this date said indcbtedness is FIFTEE� �O�SAND
<br /> y-�"' =" FOUR HiJNDRED SBVENTY NINF AND 60/00 Dollars ($ 15,479.60�'
<br />���'��� 2. The terms of the repeyment of the debt evidenced by the aforedescribed
<br /> ."`-_-
<br />---w-•-��j��� note and mostgage/deed of trust ere hereby modified in that fnterest upon the unpaid
<br /> �=�'�m���?'� balance of said indebtedness sha�l be at the retQ of g,7S percent (9.75 �)
<br /> ��:n� per annum, and that monthly payments shall e made cortmen�ing on tF�e 15 day of
<br /> ��: .,..
<br /> �..�;� �Y � 19 97� end continuing on the 1 of each month thereafter� it being
<br /> °;=.��Y�� further agreed thet such payments shall be in tt�e amount of TWO HUNDRED FOUR AND 79/00
<br /> �i�t:r_'%�! Dollars ($ 204.7� ) per month, to be applied
<br /> . -��� first to interest end the balance to principal until said indebtedness is peid in
<br /> j-- full. and that� in eddition� said Purchasers will pay the sum of N/A
<br /> - -,. J�-.
<br />� ��'`� Dollars ($ N� ) per month in escrow estimated
<br /> -"�� sufficient to pay taxes and or insurance on said ro ert � which estimate may be
<br />;���� P P Y -
<br />_ ,_� � revised from time to timR by,_ Home Federal. making a tatal current payment of
<br /> ,:,,,,;.-.--.��• TWO HUNDRED FOUR AND
<br /> :.�,�- 79/00 Dollars ($ 204.79 ) per month.
<br /> '°--�•;;,�;r•� 3. Except as modified hereby, the note and mortgage/deed of trust above de-
<br />-`` � scribed shall remein in full force end effect, and the undersigned Purchasers promise
<br />_ , to pay said indebtedness as herein stated end to perform all of the obligations �
<br />-. of seid mortgage/deed of trust as herein revised. _
<br /> �� 4. By reason of this Loan I�odificati�n and Assumpti�n Agreemen t, HomQ Federel
<br /> _° Fiereby releases and disctiarges the undersigned oriyinal 8orrowers from their p�rsonal
<br /> = � obligetfon upon said indebtedness.
<br />� 5. If any term, covenant, restriction or provision of this Agreement is deter-
<br />- . mined to be void� invalid or unenforceable� the remainder of the te rms, covenants,
<br />" ���,. restrictions or provisions of this Agreement shell remain in full fo rce and effect.
<br /> 8fld the nroUisions Of tf1R nnta anrl mnrfnann/�loo.1 nF �.....,1- ...."...�...a __�re�_ .
<br /> - ..�v...o uuti.wcu Vi IuuUlt 1CU UY —
<br /> � _-_ ._ _ . _ . ' __ "__' ...
<br />-_ � such votd, invalid or unenforceablo part hereof�shall be reaffirmed and enforceable
<br /> _ to the same extent as if this Agreement h�d not been executed.
<br /> IN WITNESS WHEREUF, the undersigned ha�e executed this instrumen t on Lhis 18
<br />_ day uf .i[n.Y ► 19 97 .
<br /> 1
<br /> - • Borrower
<br /> - Y A. EEZrR Borrower �
<br /> .,
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