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1 L 1C: -'cc % ' /(/)iX11I8IT P -2 MPACS LOAN NUMBER: 16- 239 -16081 OWNER (aeller):Scott D. And Susan C. Runck PROPERTY ADDRESS: 822 South Sycamore CITY i STATE: Grand Island, NE 68801 MORTGAGE ASSUMPTION AGREEMENT 86..,E 102851 1982 Series A i R. 1983 Series A, n 6 1 1 -Ser.c , IIJ95 Serles A THIS AGREEMENT. entered into this X7124" day of May . 19 86, by'and between Nebraska Investment Finance Authority, hereinafter called "Nifs ". and (Assumer):Everett I. 6 Patricia L. Thies . hereinafter sited "Borrower" WHEREAS, Borrower desires to purchase the following- describs<j reel estate: Lot Four (4) in Block Seven (7), in South Grand Island an Addition to the City of Grand Island, Hall County, Nebraska WHEREAS. there is recorded in the Mortgage Records of Hail County. Nebraska AXX�ocumen�t - 006469 Ogg a mortgage on said real estate, dated December 12 1984 in favor of Tower Financial, Inc. N /K /A CFS Mortgage ^-- poration and assigned to the Nebraska Mortgage Finance Fund, (whose successor is the Nebraska Investment Finance Authority). in xcumenat(rage O()6 ; and, WHEREAS. Borrower, as a part of the purchase price for said real estate, desires to assume said mortgage as described below and pay the obligations secured thereby. The total amount of indebtedness of Borrower to NIFA on account of the herein - before- described note and mortgage as of the date hereof, including all principal. interest and any other amounts due. is $ 23,161.94 , hereinafter referred to as the "principal balance." which Borrower. jointly and severally, promises to pay NIFA, or order. at any Nebraska office of the Servicing Lender, together with interest thereon at the rate of 11.15 percent per annum, in monthly installments of $ 224.54 + escrows beginning h,nn 1 . 19UL, It is understood and agreed by the undersigned that the hereinbefore described mortgage shall constitute and remain as security for the payment of the amount due, as above set forth, and that all terms and conditions of said mortgage shall remain in full force and offset. It is further agreed that if within the first five years from December 12, 1984 (the Date of the Note) the Borrower makes any prepayment to the principal, that in addition to such payment, Borrower shall pay an amount equal to the percentage of principal amount prtpaid, as set forth in said note. Borrowers of VA Guaranty loans or FHA insured loans shall be allowed to make prepayments or pay the loan in full, at anytime. without penalty. IN WITNESS WHEREOF. the undersigned have hereunto set their hands the day and year first above written, and agree that this loan shall be governed by the law of Nebraska. Tower Financial, Inc., N /K /A CFS Mortgage Corporation Servicing Lender: By: Assumption Servicer �tf n lei Borrower: Everett I. Thies 1 LL -C L GJL L •P_c1�� Co- Borrower (spouse): Patricia L..Thles NIFA (4184) 1982 A 6 a; 1983 A. B t l Asakimj >tion A1;receaei.t 1994 5^rie5 A 1935 Series A