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<br /> � LUAN I�IODIFFCATION ANa A5Sl1�TI0N
<br /> � AGREEI�NT WI TF1 RELEASE 90--1 0 3 9 4 9
<br /> � isnicn��s, Nui�i't rtu`tt�H� SHiIItVisS t��It1 LUHi� H�5UC1HIltliV Ur �HNNU l��HN13. heroinafter
<br /> referred ta as "Hane. Federal". laaned Raymond E. Stahla and �ianne R. 5tahla
<br /> Husbanci �nd Wi£e ,
<br /> ; h�reinafter �eferred to as "i3orrowers", the original prin�ipal sum of One Mundred en '
<br /> ' Tt�owand and no/100�------------------------------------------ Oollars 110.000.00�
<br /> as evidenced by a mortgage note dated February 25, 198Q , and secured by a
<br /> �, martgage%d�ed af trust dated February 25, 1980 and recorded as Oocument
<br /> , No. 60-C1b0846 in the Dffice of the Rsgister of Qeeds in Hall County,
<br /> ' ' t�bra�ka ; a�d later assumed by I�ichael L. Rarick an au e e . arick ,
<br /> !
<br /> ! WiEREAS, said BorroWers have sold to the undersigned Purchasers the property
<br /> � legally described as; �
<br /> ! Lat T�o (2) iR Hidden Lakes Subdivision Number One (1 ), a Subdivision of the
<br /> � Southeast quarter of the Narth�ast quarter (SE�NE�) and the North Half of the
<br /> , � Noz�theast Quarter of the Southeast Quarter (N�NE�SE�) of Section Thirteen (13),
<br /> : Townahip Eleven (91) North, Range Nine (9) West of the 6th P.m., in Hall County,
<br /> - - !►!O�3'�+°!;R.
<br /> and
<br /> 4 WHEREAS, Purchasers desire to assume and pay the remainin� indebtedness deserfbed : ;
<br /> above as e�idenced by the, aforementioned note and mortgage/deed of trust; a�d ,
<br /> WNEREAS, 8orrowers desire to be released from anv further obl.inatinn in r�snprh `
<br /> --- --_--- --- — -- - _._ .
<br /> _ _ _.. _ . _
<br /> _ � _ _. ---�--- - - �._
<br /> _ � __„
<br /> ; to the abo�e described note a�� mortgage/deed of trust; and �:_-
<br /> . ; _
<br /> ' WHEREAS, Home Federal is willing to permit the assumption by Purchasers of the E-=�
<br /> note and mortgage/deed of trust and release Lhe 8orrowers from the obligations evi-
<br /> • denced by the afnred2scribed note and mortgage/deed of trust; subject, however, to
<br /> , a revisfon o�' the terms of payment of said indebtedness, �
<br /> NOW, THEREFORE. in consideration of the mutual covenants herein contained, it �
<br /> � is agreed:
<br /> 1 . T;�e undersigned Purcf�asers herehy ass�me and agree to �ay the r�maining in-
<br /> . debtedness evidenced by the aforedescribed note and mor�gage/deed of trust and perform
<br /> all of the obligations provided therein and as modified her�by, it beinr� agreed and
<br /> understood that as of this date said ind�btedness is Seventy Thousand anct no/10D-------
<br /> ------------------------------------------------ Dollars 5 . . . :�e
<br /> � . . ��
<br /> : 2. The terms af the rapayment vf the debt evidenced by the aforedescribed note �`
<br /> and��mortgage/deed of trust are her�by madified in that interest upon the unpaid balance �
<br /> of said indebtedness shall be at the rate of ten and one/half percent ( ►�) per an�um,
<br /> and that monthly paymen�s shail be made camnenCi�g on the �s� day of qu�ust �
<br /> 79� and �ontinuing an the �_ day of ear.h month therPafter, it being fur�:�er
<br /> �greet3 that such payments shali be in the amount of' SP�!en Nunr.ired Set�ent Three and
<br /> 78/1fl0-------------�-------------------Dollars ($ 7?3.78 per month, to be ap-
<br />� plied first to interest and the balance to pri�cipal �;�til said in�ebtedness is paid
<br /> in full, and that, in additian, said Purchasers +,sill pay the sum of Tti�o Hundred
<br /> Twentv Einht and OS/10J-----------------------------------------------------------� .
<br /> Oollars �$ �Zg_05 per month xn �scrow estimated sufficient to pay taxes and
<br /> insurance Ofi Shct� NL'U�el �y� ;u�+l(.�� �'Stlt„c�t� r•ay �g T�����SC�� �'TOm t j tit� �O tl.(T18 by Home
<br /> Federal, making a total current payment of Qne ThousanC Jne and 63/100----------------
<br /> - ---- ----- ---- - - -- - - ---0�-llars ($ 1 ,00'I ,83 uer month. -------
<br /> �
<br /> 3. Except as mc�dified hereby, the note a�d mortgayc/deed nf trust above described
<br /> sha�l rem�in in full force ar�d eFfect, and Lhe undersi;ned Purchaser; piomis� to pay
<br /> said indek�tedness �s herein �t�tec; �:nd to perforn�� ail of the ur�lig�tians of' said rrort-
<br /> gay�:;deecf of` trust as here ir� revised. �!
<br /> 4. E3y reasnn of this l.oan i�odific�tior� �nd �+,su-n�tior, A, p ��r
<br /> L �re��m��r�t, Fi:�,r�U r f.;d..i3l �
<br /> �'18�E'by r�lea5e� r�nd C�1�(:�lE3I'[�P!� thE' unCfPislr�n��i 1;i.1(jlt���l C�:JIIG:JE'I'`., from ',hE�it 1);'.f .('�'i.:�j
<br /> �G1 ig��t.ian upon ;.-�id i�d��bttcinE��s, i�r.
<br /> ��
<br /> .__.J
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