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<br />84 ........-Oq.f.8
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<br />~fPAC; LOAN r,U,:BER: ___ 130-03806-01_______
<br />OWNER (selIcr): Gary M, & Cathy E, Fi les
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<br />PROPERTY ADDRI:SS: 1410 North Custer
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<br />C lTY t, ~;TATE:
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<br />Grand Island, NE 68801
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<br />,IORTGAGE ASSU'I!'TlON A1~HEENENT
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<br />THIS AGREEH!-.NT, entered into this _.-9J;lL day of ..---.f:1~_, 19~, by and
<br />between Nebraska Investment Finnnce l\l1thority, hereinafter called "Nifall, and
<br />(Assumer): Melvin R. & Bernice .3. Allen , heTCin.:1fter called "norrower"
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<br />~T}{EREAS. BorrO'.Jcr dc>sires to purchase the following-described real estate:
<br />Lot Two (2), Calvary Subdivision, City of Grand Island, Hall County, Nebraska
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<br />WHEREAS, there is recorded in the Hortgage Fecords of
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<br />Kall
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<br />County.
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<br />Nebraska il\Xll~blX As Oocument "81-000269, mortgage on said real estate, dated
<br />January 16 ,19_~~, in favor of State Bank Palmer, Nebraska
<br />3nd assigned to the nebr.1ska Hortga.gc Fi nance Fund. (whose successor is the Nebraska
<br />Investment Finance ;\uthority), Recorded as Document #81-000270and
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<br />wHEREAS. norrower. as a part of the purchase price for said real estate,. desire-s
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<br />to aSsume said mortgage 3S described l}clew and pay the obligntions secured thereby.
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<br />The total a~ount of indebtedness or Borrower to NIFA on account of the herein~
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<br />before-desc,ribed note and mortgage as of the date hereof. including all pr1ncip_al,.
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<br />interest and any other ~1rnounts due. is $ _16.353.0L-~_ hereinOlfter ,ref.e-T-t'ed-' to"-as::
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<br />the Ilprincipal balanc.e. 1I 1,..:hich !~orro\.Je!., jointly nn-d severally. promises to p-ay Nt-,FA:;-
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<br />or order. at any Neb!'as~a office f,f the :--~~;-",'ici.,g I.cnJcr ~ together with inte~-est
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<br />at the rate of
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<br />10.75
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<br />percent per annu~.
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<br />in monthly installments of $ 345.39
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<br />beginning
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<br />June 1
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<br />, 19 84,
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<br />It is understood ~nd agreed by the unJersigned that the hereinbefore describ.ed
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<br />mortgage shall c{,lnstitutc and rcnuin ,,1$ security for the payment of the amount du~) as
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<br />above set forth~ and that all ~L:rms ,Hid c(\nditions of said mortgi\ge shall remain in
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<br />full force and effect.
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<br />It is further agreed that if within the first four ye:lrs from January 16, 1981
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<br />(th~ Date of the Note) the Borrower makes any prepayment to the IJrincipal, that in
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<br />addition to such payment, ~orrower shall pay an "mount equal to the percentage of
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<br />principal amount prepaid, as set forth in said note, Borrowers of VA Guaranty loans
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<br />or r-HA insured loans shall be allowed Lo make prepiiytn~ut..s OI pay the lean in full, at
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<br />anytime. without penalty.
<br />IN WITNESS \"'11E-REOF, thQ undersigllL:J. have hercuntt) set their hands the day and year
<br />-first ab-ove ~'rittenf and ngrce that this JOHn shall he governed by the law of Nebraska.
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<br />L
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<br />The Fir'st Nat~Ofia1 Bank (;f Grand Island
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<br />Grand Island, Nebraska
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<br />S;; I;v.l.<: ing t.end ,;r;--------~-----.--'----
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<br />By' ~~{e?C~~
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<br />Real Estate loan o:;{,~~
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<br />.,?/ !.. ,-, ,
<br />....Li.td:.:~,;;_J;-:C...:;t.'-.;;: tl/>~:)O'.,' ~_____,___
<br />!.o-n"rr"",er (,;i"f\,se): Bernice J, Allen
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<br />c,..... __'"
<br />-71 ..! J-~' <y/:
<br />,Y;?;!;tfk~. vi. _~~
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<br />gorr"w"r: Melvin R, Allen
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<br />r.tf?~ - (~lt)-4J
<br />196-0 A f", D ASS\Jm:pt 1!~l1 /\~~r~''i.,n'''~t\t
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