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�i r "'�'5 9�r1O8999 SUBSTITUTION of UMUTY 90 IV Ibis Agreement math and entered into this 5th day of October , 19 9f) , by and between PRINCIPAL MUTUAL LIFE INSURANCE COMPANY, an Iowa Corporation, formerly known as Bankers Life Company, hereinafter referred to as the Mortgagee, . ' d . this c POW husband and Of.& of Hall _ ,innt�%� uaa auu�� --- County, Nebraska hereinafter referred to as the Purchasers, husband, and wife ybaiRM � Scott H Haave and Julie ann Heave, _ Courdy. Nebva*a hereinafter referred to as the Sellers, WITNESSETH: Whereas on the 22nd dry of September , 19 89 Sellers executed and da-migmd a promissory note in the principal amourd of $ 45,650.00 , plus interest. payable to principal Mutual Life Insurance Co. which note is secured by a deed of trust of sarrw date as saiW note. which was recorded on fBtQ 18th day of October /9 !rf► //�� 1051 89 of am mortgage records '01 �� --�- CApj* Nebcaska and Whereas Mortgagee Is now the legal owner and holder of said note and the mortgage securing same and Purchasers have purchased the real estate covered by said mortgage from the Sellers, and Sellers desire to be released from all further IlablllAyy for the payment of said note and Mortgagee is willing to Want asid release upon agreement of the Purchasers to assume and agree to pay said indebtedness. NOW, THEREFORE, In consideration of the premises, IT IS HEREBY AGREED AS FOLLOWS: 1, Purchasers hereby assume and agree to pay said note at the times and in the manner provided for ihereln, and �. •.'ra ;era further agree to be bOlind by and to perform all of the terms. conditions, covenants and agreements contained in said note and the mortgage securing same, including all modifications and extensions thereto, nolhirtg herein being deemed to interfere in any way with the Ilan of said mortgage. It is agreed that ant monthly installments of principal and interest to be paid on and after oc t ober t : 19 90 . are unpaid. 2. Sellers hereby assign and transfer to Purchasers all Sellers' right, title and Interest In and to all escrow funds presently hold or which may later accrue in connection with the aforesaid note and mortgage, lncluding refunds of any nature or fees returned from any source. 3• Mortgagee hereby releases and discharges Sellers of and from all liability under the aforesaid note and/or the mcagge securing same. / PRINCIPAL MUTUAL LIFE INSURANCE COMPANY (formerly known as 8 kern Life Carrtpany) , Attest: B � (.✓^' yG. J s, S o Vice res. &Sec. Rea. Mtge. E.A. Huttm►' eT, Ass Air, �, Sec. DefBault Admin yEA. Hi h, A t. Dir. & Sec. Escrow Admin. r�Purchase 4,L sever 'L Purchase " Sealer j STATE OF IOWA S MEMO: ss. COUNTY OF POLK d Bast: On this 02 day of October A.D. 19 90 . before me, a Notary Public in and for said County personally appeared ar . W . J one R and L.A. Hirsch , to me personally known, who being by me duty .. d1_4 ea.. oh.# thou nra the Second Y.P. & Sec. Res. Mtgs. __ and Asst. Dir. & Sec. Escrow Admin. 0 of said Principal Mutual Life Insurance Company. that the seal affixed to said instrument is the seal of said corporation, and that said instrument was signed arid sealed on behalf of the said corporation by authority of its Board of Directors, and the said sec osd V . P . and Sec. Res. D1[RS• and Asst. Dir. &Sec. Escrow Aeag acknowledged the execution of said instrument to be the voluntary act and deed of said corporation by it voluntarily executed. �forftl uI jy'A tt lic in aou , Iowa My commission expires ` If 1 .ii 3 sows: - --- - •v1JV�1.Y i I,i . t7_ f ..