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<br />LOAN MODIFICATION AND ASSLMTION 89._. .fa182�
<br />AGREEMENT WITH RELEASE
<br />WHEREAS, HOME ' FEDERAL SAVINGS AND LOAN ASSOCIAdION OF GRAND ISLAND, hereinafter
<br />referred to as "Home Federal ", loaned - ROBERT L_ MEYER AND MARY M YER husband an_g
<br />wife
<br />hereinafter referred to as "Borrowers ", the original principal•sum of THIRTY EIGHT •
<br />tFiOUSANDETWO HUNDRED FIFTY AND NO /100---- -- - - -- collars $-38.250.00 ,
<br />as evidenced by a mortgage note dated August 14. 1978, and secured by a
<br />mortgage /deed of trust dated and recorded as Document
<br />No. 7e- 005153 in :tt:.e Office of the Register of Deeds in HALL County,
<br />NEBRASKA,
<br />WHEREAS, said Borrq,4ars have sold to' the .undersigned Purchasers the property
<br />legally described as::.
<br />LOT THREE (3)s i.N 3LOCK TWENTY -Ur_- (21), IN CHARDS WASMER'S ADDITION TO THE CITY OF-
<br />GRAND MLAMD,...HALL• C12L, e.
<br />NTY, NESPRS0.
<br />and
<br />WHEREAS, Riu�#Ihasert.desire•:}o assume and pay,• "ti�-,e remaining indebtedness described
<br />above as evidenced by the aforementioned note and , u gage /deed of trust; and
<br />WHEREAS, Borrowers desire to be released from a'riy f=urther obligation in respect
<br />to the above described note and mortgage /decd of trust; and
<br />WHEREAS, Home Federal is willing to pL?zfr..it. the assumption by Purchasers of the
<br />note arrd 1.1artgage /deed of trust and release'., t a Borrowers from the obligations evi-
<br />aenced ty, the aforedescribed note and rrort- ce /deed of trust; subject, however, to
<br />a revision of the terms of payment of said :ndet- ,tel.tness,
<br />NOW, THEP-41 :C1RE, in consideration of the mutual covenants herein countained, i,, .
<br />is agreed:
<br />1. The undersignec Purchasers hereby assure and agree to pay the remaining in-
<br />debtedness evidenced by the aforedescribed note and mortgage /deed of trust and perf-u -m
<br />all of the OtLioations provided therein and as modified hereby, it being agreed and
<br />understfwd t -nat:as of this date said indebtedness is THIRTY FOUR THOUSAND NINETY SIX AND
<br />66/ 100 - ------------------------------ - - - - -- Dollars $ 349096.66
<br />2. The terms of the repa:yrnent of the debt evidencedt:y the aforedescribed not,
<br />and mortgage /deed of tv are hereby modified in that intara•:;t upon the unpaid balance
<br />of said indebtedness shall be at the rate of ten & three. - --Curthgrcent (1D -%� per annum,
<br />and that monthly Payments shall be made commencing on the 1st day of April
<br />19JLcL, and conOquing, on the 1st day of each munth thereafter-, it being further
<br />agreed that such payments shall be in the amount,ofr THREE HUNDRED FIFTY THREE AND 65/100
<br />- - -- --- `----------------- - - - - -- - -0ollars ($ 353.88 per month, ,,o be a
<br />pl ied Mi st to interest and the balance to principal until said indebtedness is paid
<br />in full, ar:1 that, in addition, said Purchasers gill pay the suin of CIGHTY EIGHT AND
<br />_ND /100 i_- --- - -- - - - - -- - -- - - -
<br />Dollars (S 68.00 - per m&-th in escrow estimated sufficient to pay taxes and
<br />insurance on said
<br />property, which estimate may be revised from time to time by Home
<br />Federal, making a total current payment of FOUR HUNDRED FORTY ONE AND 88/100-------- -
<br />- - - -- »--------- r•---------- - - - - -- -Dollars ($
<br />per month.
<br />3. Except as modified hereby, the note and mortgage /deed of trust abuve described
<br />shall remain in full frr:ce and effect, and the undersignd Purchasers promise to pay
<br />-,_ said indehtedness as he Lit. stated arld to purform ail ot, the obligatiuns of said mort-
<br />gage /deed of trust as here in revised.
<br />4- by r""()n of t,"is Loci) Modification and A--r,umptiun Agreement, Hume . r,deral
<br />c1erEby release:. _�:,d di��z:narge the unrlersigr�ed original anrrojers. f_-cm ttiE?ii Gur�cmal
<br />u!;ligation upcm :.;,icr ini ntedrse,s,,
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