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<br /> U1l1FR�A5. FH7ME F�DEF�AL �AVIP.fGS ANIJ �.QAN ASSQCI i�TYQN 0� GRAf+t� I:il.p�I). ��roin f te
<br /> �� r�fr�rred Co as '�l�ame Federal"� 1ann��1 LORAN C. CUf�K�1I�dG AND WIL�1R 7. CLIf+�+IING, hus�andr -
<br /> - �nd m�fe hereinafter referred to es 8orrawers � the ariginal
<br /> _---,-
<br /> --m ---- �Dollar� -
<br /> -- 1 pii►-►r.ipal sur�� o�' FG�tTY SEVEPJ 1'16IIU5Af!o ntib n!�a.nn-----------��_.._......---_»........_
<br /> _ ($ 47.0�0.0[l)� a� euidenced by a mortyaga note riated June ?, 199. ,_� rar�f
<br /> secured by a mortgags/deed of �rust duted �une 7. 1997,__ a�d rec�xded as Upcument
<br /> � ho. Q�_tin3�ti4 a in tha Office of the Regiater af Daeds in � NALL. County, NEEiRASKA
<br /> -- and
<br /> -"' UIHEREAS. s�id Bosrowera Itave sold to the ur�d�rsigned Purchasers �the psoperty
<br /> .._
<br /> --.:--
<br /> _ _ ,_��_._ legally describ�d as:
<br /> —.:�;� THE WE5T HALF OF THE N�R�'H NINETY�fl��£ (91) FE�T OF TNE WESY HALF OF THE NORTH HRLF (W�N�) �
<br /> QF BL�CK E�EUEN (11). PLEASA�lT HOP1E SUBOIVISION 0� PART OF THE EA5T HAI_F OF TtIE SOUTH-
<br /> �_r; JxtVE (9)RWESTtOF�THE SIXTHCP�iINCIP LTt�ERIUYRN,,HALL CO NTYIPNEBRRSKA`111 NOflTH� []F RANGE
<br /> ._.v'iy,�kL..3l�".�.�•� _
<br /> �ry h?�t7'�r,�r��;' • �--—
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<br /> _�r�'�`�.`� '� � WNEREAS, Purchasers desi.re to assume and pay the remaining indebta�ness described ___
<br /> � �t�oue as euidenceu ty tha a��re:n�n±ie�ie� noke and m�rtnane/cieed of trust: and ��
<br />�-'�`'��`'`' WHERERS� Borrowers desire to be released from an further obli ation in res ect �-=-�°-
<br />,_:,c-•`.,.•: Y 9 P
<br />�`� �-'+ '' tq thfl above descriaed note and mortgage/d°ed of trust; and �`�°
<br />_ � � �'�` -
<br /> '^'"°" �,' WFIERERS� Nome Federal is willing to permit the assumption by Purchasers of �,Y,,-
<br /> x-� �',�. ��'w� ` ihe note and mortgage/deed af trust and release ine 8orrow�r� i c�urn Li��c UJlll�d4i�r�s ,�,�
<br /> � �� �fP� euidenced b the afnxedescribed note and mort a e/deed of trust; sub,ject� howeuer� �•- T
<br /> -:,,:�;4:;.Y�• ': 1S,��r. Y 9 9 �,.:�d:,
<br /> _. ��„ , to a revision of the terms af payment of said indebtedness, �
<br /> � 4r� I�OW. THEREFURE� in consideration of the mutual covenants herein contained� ��=_�'
<br />_"' ' �Y'�� �Yr�
<br /> '�� r it is agreed: ' �"
<br /> .�`'f�"c,� -�:�;, � 1. The undorsigned Purchasexs hereby assume and agree to pay tha remaining
<br /> �..,�_
<br /> ., x, 'i�_...
<br /> ,:°.-;�,.w,r:«.••p• indebtedness evfdenced by the aforedesc°ibed note and mortgage/deed of trust and ,
<br />•3'1'SlpN�:Y•. +� . perform all of the obligations provicJed 4.herein and as modified hereby� it heiny
<br /> -���^"M�`"'�'' �greed ana understood that as of this date said indc:btsdness is F�RTY F�UR TNOUSAND '�`'
<br /> ;�•r� .....r.:.,-y� .. 44�922 78
<br /> ;�,.� . ,��._,�„� NINE HUNDRED TUIENTY TWO AND 78/1�0----------[3ollars ($ • �
<br /> _=����,.;_;�:.��y� „� 2. The terms of the re�ayment of the debt Pvidenced by the afaredescribed ,
<br /> :r!��r�,���- •--��••� note and mortgage/deed af trust are hereby modified ii� the� in�erest upon the unpaid ,_;..
<br /> - � j �• �4: '� ba�ance of said indebtedness shall be at the rate of ��i�Pe/�ourths percent (7.75 ) ,�r�''
<br /> Yi`:'i`:� .'�mi'`
<br />__;-�'.",�"`„�;'"!�", ' • per annum� and that monthly payments shall he made comnEnciny on the lst day of
<br /> ��;°F"�.'_�`' _ „��_. 19�. and continuing on the lst of each month thereaftQr,it being
<br /> � ,.-;�::��-::
<br />`,.�,`^�'•°' further agreed that such payments shall be in the amount of Three hundred thirty faus
<br /> • '�: Dollars ($ 3�4.43 ) per month� to be applied
<br /> •- y�� tiz/1 OLI--------------------
<br /> first to inter�st and tr►e balance to principal until said indebtedness is peid in
<br /> � full, and that� in additinn. said Purchasers will pay the sum of Ninety Nine and �3/100
<br /> �`' "-' ' - Dollars ($ 99.D3 ) per manth in sscrow estitnated �
<br /> •.�. � •]a �. ill'.� __�_�__�__� __ ��..��..���.���__'__�_
<br /> . ;i.,
<br /> - � . . � ,..:.,. sufficient +to pay taxes and or insurance on said property� which estimate may be f��
<br /> '��.�;,; � •+• •� current na ment of Four Hun- !�;''"'
<br />�"'. ;'?"." � revised from time ta time by liome Federal� making a total Y t
<br /> �;�'��tr,E' -Y.-.� .+', . k S.
<br /> �F:.;;,.,,,�1`•.,. ; 4 1 - ----------------°------ Dol lars �$ 433.46 ) Per month. ( �,:!�.
<br /> �11�n Ir•,..:�
<br /> "` ' 3.. xcept as modified hereby► t.he note and mortgage/deed •�'` trust above de- �
<br /> � � • •° ,� scribed shbll remain in full force and effect, and the undersi.gned i'urchasers promise �.
<br /> �- �•••� • tr� pay said indebtedness as herein stated and to perForm all of the obligations
<br /> �� fi�"�"�'1 •�6 of said mort a e deed of trust as herein revised.
<br /> .. {•,�.;. 1 9 9 �
<br /> ..',•;.c� . , :. � . 4. By reasAn of this Loan modificatian and Assumption Agreement� Hame Federal
<br /> _ " ,,., ,:�,:. herehy releases �nd discfiargos th� undersigned original. f���rrowers from their personal
<br /> . ;r.3,'��;�� obligation upon said indebtedness.
<br /> ° " `{�'�� 5. If any term� cover.ant. restriction or provisian of this Aoreement is det:er-
<br /> � ' � �{ mined to be vnid. invalid or unenforr,eabie. the i•emainder of tl�e terms� covenants, � ,
<br /> : � � restrictions or provisions of this Agre�ment sha11 remain in full force and effect. ;_�-"
<br /> ____. ��•,r,__ ar,ri th� nrn�isfnns of the note and mortqaqe/daed uf trust amended or modified by i'�
<br />- �• such votd, invalid or u�enforceable part h�ereof shall b� reaffirmed and enForceabl.e ; �
<br /> �� � . • � to the saRe extent as if ihis Agreement had nut been executed. I
<br /> _ . IN WITNESS WNF.REOF� the undersir�ned ha�e executed this instrumant on this �� ,
<br /> � �� .. day of June . 19 �• Al1 other terms and conditions of the osiginal Adjustable ;
<br /> • � mnrtgage Note dated �une 7. 1991 wi11 remain in f force � ct. °' �
<br /> � I
<br /> • �' Lor�an..__. � m� 'ng � B�rrower i
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<br /> : , lUilma . Cumm ng ' B rawer 1
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