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a EXHIBIT P -1 MPACS LOAN NUMBER: 130- 01726 -01 OWNER (seller): Robert Mark Wilson PROPERTY ADDRESS: 1830 West ;lth Avenue CITY b STATE: Grand Island NE 68801 MORTGAGE ASSUPfPTION AGREEMENT 1980 Series 001319 THIS AGREEMENT. entered into this 22nd day of March 19 85, by'and between Nebraska Investment Finance Authority, hereinafter called Nifa (Assumer );Michael R. Schachta A Single �� ". and WHEREAS. Borrower desires to purchase the followingadescribede real oestate: Lot Ten (10), in Block Six (6), in Boggs and Hills Addition to the City of Grand Island, Hall County, Nebraska WHEREAS, there is recorded in the Mortgage Records of as Document No. 80- 002394 _____e__ County, Nebraska 4Xr- ak �,n V , a mortgage on said real estate, dated Mav 2? 19 8th. n faor of ' i v 1he first Jational Bank or Grand island and assigned to the Nebraska Mortgage Finance Fund, (whose successor is the Nebraska Investment Finance Authority), s Document No. 80- 002395 Y)• AftAftkxx xxxxxx*txR*= ; 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�5�,5.59 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 :u.i, percent per annum, in monthly installments of $ beginning - April i , 19 8 ; . It is understood and agreed by the undersigned that the he.einbefore cescribed mortgage shall constitute and remain as security for the payment of the amount due, as above set forth, and that all tern and conditions of said mortgage shall remain in full force and effect. It is further agreed that if within the first four years from N 7rav '7 a,o (the Date or 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 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 anYtiale, without penalty. IN WITNESS WHEREOF, the undersigned have hereunto set their hands the day and year first above written, and agree that this Loan sh:M be governed by the law of Nebraska. Bink Servicing Lender: - - y• NIFA - (6084) 1980 A 4 9 Assumption Agreement Borrower. Co.porrowLr