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f 86-- 105428 NIFA LOAN NUMBER: 19- 132 -21366 OWNER (seller): MICHAEL R. & LORI K. KOHL PROPERTY ADDRESS: 2308 W. Koenig CITY S STATE:_ Grand Island, NE 68803 MORTGAGE /DEED OF TRUST ASSUMPTION AGREEMENT THIS AGREEMENT, entered this _25th day of September , 19 86, by and between Nebraska Investment Finance Authority, hereinafter called "NIFA ", and (Assumer): ngmTrL J ru-sy nNn riiSam i riFSF, hits band and wife hereinafter called "Borrower: WHEREAS, Borrower desires to purchase the following - described real estate: LOT NINE (9), BLOCK TWD (2) IN ASHTON PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. �}y CWHEREAS, there is recorded in the Official Records of HALL County, Nebraska in S000�ment #aESPage239 , a mortgage deed of trust on said real estate, dated _ 4th flrrnhrar , 19 pr, _, in favor of HL�ME_ FEDERAL SAVINGS h LOAN ASSOCIATION OF GRAND ISLAND and assigned to the Nebraska Investment Finance Authority (formerly known as Nebraska Mortgage Finance Fund), in JgAkment r# p rQQ�240 and WHEREAS, Borrower, as a part of the purchase price for said real estate, desires to assume said mortgage /deed of trust as described herci.n and pay the obligations secured thereby. The total amount of indebtedness of Borrower to NIFA on account of the hereinbefore- described note and mortgage /deed of trust as of the date hereof, including all principal, interest and any other amounts due, is $ 60,834.27 , 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 r.;tr of 9.8 percent per annum, fn untIlly Installments 01 t 587.32 r,:tv to October ; 19 86 It is understood and agreed by the undersigned that the hereinbefore described mortgage deed of trust 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 /deed of trust shall remain in full force and effect. It is further agreed that if the Borrower makes any prepayment to the principal, that in addition to such payment. Borrower may be required to pay an amount equal to the percentage of principal amount prepaid, 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 the jhands the day and Year first above written, and agree that this loan shall be gover edi %by rile law of raska. Leader � Servicing Bori "owcr� V • 0 J it P by. q. IQ _ ..