84001014 - Laserfiche WebLink

Browse

(~ ~~-~ !1U10i`-f AGREEMENT ('' AGREEMENT made January 23 1984, between P*ichael R. I Bunger and Barbara A. Bunger, herein referred to as Sellers, Five Points Bank, herein referred to as Mortgagee, and Richard K. Bunger and Peggy J. Bunger; herein referred to as Purchasers. The parties recite and declare that: 1. Sellers and Purchasers are obligated and liable for the payment to Mortgagee of the debt evidenced by a Note in the sum of Fifty-Three Thousand Dollars ($53,000.00) dated November 4, 1981, and executed by Sellers and Purchasers;, which Note is secured by a Mortgage dated November 9, 1981, which was recorded as Instrument No. 81-005651 in the Office of the Register of Deeds-of Hall-COUnty~-_ Nebraska, and Mortgagee is now the owner and holder of such Note and Mortgage. 2. Sellers have sold and conveyed or are about to sell and convey their entire interest in the real property described in such Mortgage to Purchasers and bath Sellers and Purchasers have requested Mortgagee to release Sellers from- further liability under or on account of such Note and/or such 24ortgage. For the reasons set forth above and in consideration of the mutual conveyance and promises of the parties hereto, Sellers, Mortgagee and Purchasers. covenant and agree as follows: UNPAIll BALANCE OF SECURED OBLIGATION :111 installments of pri.nci.pal and interest provided by such Note to be paid on or after the date of this Agreement are unpaid. RELEASE FROM LIABILITY Sellers are hereby released from further liability under nr on account of such Note and/or such "tortgage. ASSUMPTION OF LIABILITY Purchasers agree to pay such Note in installments at the time, in the manner, and in all other respects as therein provided; to perform all of the obligations provided in such Mortgage to be performed by Sellers at the time, in the manner, and in all respects as therein provided; and to be bound by all the terms of such '.Mortgage; all as though such mote and such Piortgage and each of them had originally been made, executed and delivered solely by the Purchasers. NO IMPAIRhIENT OF LIEN The whole of the real property described in such *torCgage sha17. remsirt subject to Che lien, charge, or encumbrance of such ^iortgage, and nothing harei.n conCained or. done pursuant hereto shall alkect p7- he cone;trued ~, ~'~ ..,e. t`y_ ~~EGQRC+rrt , i..,, ~rS:s