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<br /> � � ' _ � � L�lW ImffIC!lTI�1 A[�D ASSIlPTIt�I� .
<br /> _ - � IrI1H tELEASE ��
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<br /> — W16A�A�,..i�f['� FEDEIiA! SAUINGS_`4rD IUAIltt A�SOCIATION OF GRAt�?�I5l�AM?�,herefna�ter
<br /> - ref+�rtad�:tdp�;e$-:'�l�a�me Federal". loar�d ISLat1D INitESTDENT INC.
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<br /> - hereinafter referred LQ as 8onrarers_,Y, tha�•ar g#riel•
<br /> — � ';:�+�n,;,#�€. ' EIGH�Y_iE�4fSMD.A1� NO/1Q�-��r�a��+�����.��w.�w������'r��-0�t�l�rs �
<br /> - - t�:��73,FIf1i�:tIQ'�'t:.�as evidenced b� a. mortgage.note dated uaust�3�',�, 989:a , an�d '
<br /> secirred�:b��a-�.mart9a9e�deed`s�f trust.dated. Auasst 3Q. 19@9 at�d ;seaer�ed f as: Obce�►�
<br /> _ lfb,.B�+•I�p�'���. 'in the Office of tt�e Register aP �eeds in HALL _ Ct��Yy,��A
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<br /> WlHA�AS,:,�:�aid BurroWers.hawe. sold ta the.urxiersigned �xch�sers::th��P��tY,� - -
<br /> � -- l�qa�'�Y��d�criEte�d as: ,
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<br /> - = tiQ'� t!!bF (`��.i.�I:�ESCHER St�DIUISION. 2N 71�E CITY OF, GRAN? ISIAt�?:,HACLi COUN'QY�.NEBRASKA.. �_ _
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<br /> �} , � �� _ . , �,'�#'il[iEREAS: F�urchas�ers ci�s3�re to assiene a�d pay the reTaiR��,iixt�b��dness�descrfbad. . �, _ _-
<br /> � ;�; �: . ,f�,: ` �, ahaii�.a� evid�nFed hy the a�orementioned note and mortgage/deed�ioR1 tiust�;an�-
<br /> �. -, � . -'t�HEREAS, Barromers desire to be released from any �further��ob�Dia��ibn��ir��respect �
<br /> �;� �{�s� ta:the abave described nnte and m�rtgage/deed of trust;,an$� - � .�__
<br /> '�� '�`" '�'" ' '�: W�REAS. �me FedgT�l, is willfng to permit the� assuniptfion:�by r Pi�rchasers of
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<br /> =��_%�'��•`� t#i� riu.te ar�d:�naict �d. of trust and release the Borrou�era•ffrom:�thia o�2i ticu�s , _-
<br /> ._ f•�:xt; . 989��:.. , �
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<br /> . , eu�d�siced by the afo�ribed note and mortgage/deed ofti ttvat�; sub�ect,. hauieuer, • - �:: �,-�- T
<br />. ._ :.: .: .,-,:-. . �c� i ' r�'s of payment o� said indebtedness„ ; _,_ ;-: '*�t-_
<br /> j . : . a���ev sion of th�. te
<br />, : :�y . ' ' � � I�W, THEF?EFORE, in �cansideration of the mutual��covenaR�t"s�� h�re� contained, " "
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<br /> `.: ,>:r . . i�t is-agreed: . ,� ;
<br />: ,. � �.. ' Ik The undersignr��:�urchasers hereby assume and�ag�ee:�tb�pay; the rema�ning , _
<br /> � i��de�t�f.Edness evidenced t��.the aforedescri6ad nate and� ��a�jefdeed'af trust and �
<br /> �erform all of the obli,gatians provided therein and �as rt��fied �hereby, it tze�g .
<br /> .,= agreed and understaod that as of this date said indabtedhess is SEUENTY�Thi�USAND ANQ
<br /> -,:' �1Q0•----------------;;------------------_-0ollars ($�. TOs00Q.00 � i. ��. . =
<br /> ` ;, 2. The terms of�;"tfte repayment of the debt euid�nced�by; the aforedescrib8d _
<br /> ,�,.::.��;.;-'r. rote and mortgage/deed of. trust are hereby modified ir� tha�� ���erest�upon .the unaaid �� _ _
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<br /> �. ;,�r}?�r; � b a l a n c e a f s a i d i n d e b t e�s s s h a l l be at the rate of te�� percent ( 1� �
<br /> � �5,; � per annum, and thata��y paym�nts shall be made cammanaing,an �the 4th day o f.
<br /> '•'�` �';��� �!` �,;., � Qctober, , 19 9$ �rnOkx�+R'.,�+�x�ptaxxxxxxx�ax6cxRSiltl�x�c�tkx'�1tet�'Ir�� ft baing
<br /> �`.ti�%�� �'�� !� ��,'�. , further agreed that such �y:�2��s shall be in the ae�-e����oR��'SUH� THOi�:,e�r�' AND_IUOf10U ; t�
<br /> ,.�� �.�:�.r;;,;;'4:',`=:' :, _,,,,__--_--------- 0 1 s $ .O�Q �� .�! _�! mi�n�h, to be �iECi� ., .
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<br /> '' �"�-' `� `� first to xbt�baaot�cxaatdx�c�becie�ao9cx�o principal until sa4t�::a�ebtedness is p�c� zn I�
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<br />� �� Full, and that, i�.��k�ion, said Purchasers will. pay the sumrof� Interest is to ga !`
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<br /> -• ' paid uarterl � � - 0e33assx:��xx^xxxxxxxx��c�cnwpt�k�c��eb�b�ti � �
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<br />;. ' ' ' 3. Except as modified hereby, the note and ��r9rtqage/dded�oF trust a6o�e d�- ;
<br /> ��� � ��'�;,;;;.;�.;;' scribed shall =e�nain in full force and effect, and t�ih� undHrsigned Purchassrs prom�se
<br /> :�.,''.;;,t .-;,;,,���..,.,..:,,.� to pay said zrtdebtedness as herein stated a^d �er- p^arfbrm� aZl� of tC�se otrligativns ,
<br /> ' � ��"�� ' of said mort�?f deed vf.Erust as herein seu`s�=_+�:. ' � � { ,� � �
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<br /> . . .t„�. ,.,,,; 4. By r:�er� flf�tliis Loan modificatzon. ar:�d �'ssumpbibn �Agreement, Hame Fe�;��2 •�, � ,.�
<br /> � � . � '�'�.<<`�, hereby releasc-� �r:�.,di.s�:sarges the unciersigned o�-;:m:�3i�8�rrowers from Lheir pes��. ��'��"� `�
<br /> ';r';' abligatian u�ca� �i�;in�'ebtedness. `
<br /> . :.�' �' •�;.�.�::` 5. If �i��r term, ca�lenant, restr3ction or prcvi�sibn �of� thi:s Agreement is deter- -
<br />. � �;;;?,,;':;;j,° mined to be vnid, in�ra�I�d ar unenforceable, the rema3ndtlr of tha terms, covena�ts,
<br /> ~�,�',f;-"'���x`�� ��_ � restrictians ar provisios�s of this Agreement shall remain��in fu11 force and effe�t, . �
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<br /> � �'', ";:�` �;.;�•` and the prauisions u.° the note antl mortgage/d�ed �o'F� tr�s�� an:end�d or modiPi�d; �y
<br />, �";'!,`�.� such void, inualid ur unenforceable part hereof� shatl�be reaFffimed and enfor�e�le �
<br /> ��� ` to tfie same extent as if this Agreement had nat been executed. ��
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<br /> � ;�'�-' ! IN WITNESS WHEAEOF, tha undersigned have executed �thi� instrument on this :�'�
<br />- :._.,..;:`:':•'.�'' � day of. October , 1991 . ISLA �"�NUESTm�NT, NC-T- - -�.�.:_� i
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