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201210148
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Last modified
8/19/2014 2:21:23 PM
Creation date
12/4/2012 3:58:08 PM
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DEEDS
Inst Number
201210148
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e Federal Bank <br />D Sox 1009 <br />wand Island NE 68802 -1009 <br />as: <br />LOAN MODIFICATION AND ASSUMPTION <br />AGREEMENT WITH RELEASE <br />WHEREAS, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, <br />hereinafter referred to as "Home Federal", Loaned PAMELA S SOBER - MILLER AND JERRY M MILLER, <br />WIFE AND HUSBAND AND MARJORIE R SOBER, A SINGLE PERSON hereinafter referred to as <br />"Borrower ", the original principal sum of TWENTY FIVE THOUSAND AND NO /100 Dollars <br />($25,000.00), as evidenced by a mortgage note and mortgage /deed of trust dated SEPTEMBER 25, 2000, <br />recorded SEPTEMBER 25, 2000 as DOCUMENT # 0200007943 in the Office of the HALL COUNTY <br />REGISTER OF DEED'S OFFICE IN HALL COUNTY, NEBRASKA <br />WHEREAS, said Borrowers have sold to the undersigned Purchasers the property legally described <br />LOT TEN (10), IN BLOCK TEN (10), IN SCHIlVIMER' S ADDITION TO THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA <br />of <br />WHEREAS, Purchasers desire to assume and pay the remaining indebtedness described above as <br />evidenced by the aforementioned note and mortgage /deed of trust; and <br />WHEREAS, MARJORIE R SOBER AND JERRY M MILLER, EACH A DECEASED PERSON, <br />(As Borrowers) they will be released from any further obligation in respect to the above described note and <br />mortgage /deed of trust; and <br />WHEREAS, Home Federal is willing to permit the assumption by Purchasers of the note and mortgage /deed <br />of trust and release MARJORIE R SOBER AND JERRY M MILLER, EACH A DECEASED PERSON, <br />(Borrower) from the obligations evidenced by the aforedescribed note and mortgage /deed of trust; <br />NOW, THEREFORE, in consideration of the mutual covenants herein contained, it is agreed: <br />1. The undersigned Purchasers hereby assume and agree to pay the remaining indebtedness <br />evidenced by the aforedescribed note and mortgage /deed of trust and perform all of the obligations provided <br />therein and as modified hereby, it being agreed and understood that as of this date said indebtedness is <br />FOURTEEN THOUSAND FOUR HUNDRED NINETY SIX AND 18/100 Dollars ($14,496.18). <br />2. The terms of the repayment of the debt evidenced by the aforedescribed Note and Deed of Trust <br />will remain in effect until the unpaid balance of said indebtedness shall be at the rate of FOUR AND <br />THREE QUARTERS PERCENT (4.750 %) per annum and that monthly payments of principal and interest <br />shall be made commencing on the 1ST day of DECEMBER, 2012, and continuing on the 1ST day of each <br />month thereafter. <br />3. Except as modified hereby, the note and mortgage /deed of trust above described shall remain in <br />full force and effect and the undersigned Purchasers promise to pay said indebtedness as herein stated and to <br />perform all of the obligations of said mortgage /deed of trust as herein revised. <br />If any term, covenant, restriction or provision of this Agreement is determined to be void, invalid or <br />unenforceable, the remainder of the terms, covenants, restrictions or provisions of this Agreement shall <br />remain in full force and effect, and the provisions of the note and mortgage /deed of trust amended or <br />modified by such void, invalid or unenforceable part hereof shall be reaffirmed and enforceable to the same <br />extent as if this Agreement had not been executed. <br />IN WITNESS WHEREOF, the undersigned have executed this instrument on this ..D -41A day of <br />NOVEMBER, 2012. <br />co <br />
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