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r <br />M <br />E� <br />O <br />M <br />9 <br />t <br />1291381 -0 <br />j 3 :!�FPI <br />RE-REOWLIZD <br />2000048411 <br />"g� w <br />rn t <br />orn <br />_0 <br />rn <br />0 <br />cm <br />w <br />NEBRASKA SUBSTITUTION OF LIABILITY <br />(Deed of Trust) <br />c->Cn <br />o--4 <br />C D <br />--4 m <br />-< o <br />o -r, <br />� z <br />= rn <br />D co <br />r ;o <br />r n <br />N <br />n <br />Cn <br />Cn <br />C3, <br />N., r <br />o, Q. <br />o <br />N <br />o <br />cn CD <br />-a r+ <br />z <br />0 <br />This Agreement made and entered into this day of by and between <br />PRINCIPAL RESIDENTIAL MORTGAGE, INC., an Iowa Corporation, hereinafter referred to as the �• <br />Mortgagee, Ghulam Raza Mirza and Rishia L. Brown) his -band and wife of <br />Grand Tsland, NE , hereinafter referred to as the Purchasers, and <br />Lisa Reisdorff & Mike Rei.sdorfi©f Grand Tsland, NE <br />hereinafter referred to as the Sellers, WITNESSETH: <br />Whereas on the 10th day of December, 1998 , Sellers executed and delivered a promissory <br />note in the principal amount of $72, 5 0 0 .0 0 , plus interest, payable to United Nebraska Bank <br />which note is secured by a deed of trust of same date as said note, which deed of trust was recorded on the <br />day of 12 / 17 / 98 in Book at page of the deed of trust records of <br />nor # QP -1.1 2484 , and which describes property located in Hall County, Nebraska; <br />Lot 4, Block 30, Charles Wasmer's Addition to the City of Grand Island, <br />Hall County, Nebraska. <br />Whereas Mortgagee is now the legal owner and holder of said note and the deed of trust securing same <br />and Purchasers have purchased the real estate covered by said deed of trust from the Sellers, and Sellers <br />desire to be released from all further liability for the payment of said note and Mortgagee is willing to grant <br />said release upon agreement of the Purchasers to assume and agree to pay said indebtedness. <br />NOW, THEREFORE, in consideration of the premises, IT IS HEREBY AGREED AS FOLLOWS: <br />1. Purchasers hereby assume and agree to pay said note at the times and in the manner provided for <br />therein, and Purchasers further agree to be bound by and to perform all of the terms, conditions, covenants <br />and agreements contained in said note and the deed of trust securing same, including all modifications and <br />extensions thereto, nothing herein being deemed to interfere in any way with the lien of said deed of trust. It <br />is agreed that all monthly installments of principal and interest to be paid on and after 5 / 01 / 00 , are unpaid. <br />2. Sellers hereby assign and transfer to Purchasers all Sellers' right, title and interest in and to all escrow <br />funds presently held or which may later accrue in connection with the aforesaid note and deed of trust, <br />including refunds of any nature or fees returned from any source. <br />3. Mortgagee hereby releases and discharges Seller and from all liability under the aforesaid note <br />and /or the deed of trust securing same. <br />Attest: i // / <br />'j Principal Residential Mortgage, Inc. <br />-.- -. -- .......... ;< Wit::. <br />Default Ad ' istration <br />YL� J <br />Purchaser: Ghulam Raza Mirza <br />4 / , 1 '0 <br />Purchaser: Rishia L. Brown <br />20018202 <br />pf2499 -1 <br />Seller:Mike Reisdorf <br />Page 1 of 2 <br />��JTIAC M <br />- : v' 'F : - <br />Z 1992 <br />IOWA <br />12/97 <br />