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<br />
<br />LOAN MOOIFICATIONANOASSUMPTION
<br />AGREEMENT WITt+RELEASE
<br />
<br />r
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<br />WHEREAS, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
<br />referred to as "Home Federal", loaned STEPHENl. UEHLING
<br />
<br />hereinafter referred to as "Borrowers", the orlgina-l!pFj,l1t:ipal ~uijlof::
<br />THOUSAND AND NO/lOO ----------------------------,..-----.,--.,- DoHars
<br />as evidenced by a mortgage note datedAligu~t?q,lq7q ,>af1ct'o
<br />mortgage/ deed of trust dated Augllst.29,. 1 q7Q .. .ahd recordacl"r
<br />No. 79-001;1;47 in the Office of the Register of Deeds in.: Hall
<br />Nebraska ; and .
<br />
<br /><:"---~::~: _:'\ :.,:; :~<--',:::~-:::/:-,~~
<br />WHEREAS, said Borrowers have sold to the undersigned Purchasers t~.~o,JJrppefi:Y:~"-
<br />legally described as:
<br />
<br />LOT THIRTY (30) IN AMICK ACRES, HALL COUNTY, NEBRASKA;
<br />
<br />
<br />and
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<br />WHEREAS, Purchasers desire to aSSU'lle and pay the remaining indebtedness
<br />above as evidenced uy the aforementioned note and mortgage/deed of trust; and
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<br />WHEREAS, Borrowers desire to be released from any further obligation in respect
<br />to the above described note and mortgage/deed of trust; and
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<br />WHEREAS, Home Federal is willing to permit the assumption by Purchasers of the
<br />note and mortgage/deed uf trust and release the Borrowers from the obligations evi-
<br />aenced by the afaredescribed note and mortgage/deed of trust; subject, however, to
<br />a revision of the terms of payment of said indebtedness.
<br />
<br />NOW, THt:REFORE, in conooi(jeratiun of the mutu'll covenants herein contained. it
<br />is agreed:
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<br />1. The undersigned Purchasers hereby assume and agree to pay the remaln~ng in-
<br />debtedness evidenced by the dforedescribed note and mortgage/deed of trust and perform
<br />all of the obligations provided therein and as modified hereby, it being agreed and
<br />understoud that as of tr,is date "aid indebtedness is FORTY-THREE THOUSAND FOUR HUNDRED
<br />SIXTY-SIX DOLLARS AND 99/100 ------------------ Dollars ($ 43,466.99 ),
<br />
<br />2. The terms of the repayment of the debt evidenced by the aforedescribed note
<br />and mortgage/deed Df trust are her'eby modi fied in that interest upon the unpaid balance
<br />of SOlid indebtedness shall be at the rate of twelve & one-halfpercent (121.%) per annum.
<br />- tlnd that monthly payments ;>hall tle made cOffjllencing on the 1st day(;f September ,
<br />1 g~, and continuing on ttle ~_ day of ead! mont~ thereafter. it beinq furthet
<br />agreed that such payments "hall be in the amount of FOUR HUNDRED SEVENTY SEVEN DOLLARS
<br />AND NOIlOD -------------------------- Dollars ($ 477'00 ) per month, to be ap-
<br />plied first to interest ,md the balance to principal until said indebtedne% is paid
<br />in full. and that, in "dui tion, Sd td Purchaser,; will pay the ooum of ONE HUNDRED
<br />DOLLARS AND 06/100 - - - - .~_::-:::_:.:::..=~_~_=_=_::,::_~.:::.:.::_:::::::.::.::.::.::.::..::_:_:.::_=_:_==_::::::.:=_=:.:..-_:.::,=-~
<br />Dollars ($ 100.06 ) ()0r month in i"scrow estimated sufficient t.o pay taxt:5 and
<br />insurance on sdid prop(~rty, wh.ich estjfl\ate Inay be revised from lime to time by Home
<br />Federal, maki n<) " totd! current paymeflt of FIVE HUNDRED SEVENTY SEVEN DOLLARS AND 06/100
<br />0011031'0> ($ 577.06 ) 1"'1 month, ---
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<br />3.. Except as modi fied hereby J the nute dnd mur- tgdytd ueed of t ru~} l above dI.1:::,C l'itJed
<br />shall remain in full force and t"?ffectJ and the i:nder::.>.i.t}i"lt:d Pu ['Cf1dSt:: C:; prumist: t.u pJY
<br />said indebtedness as herein stated dnd to perform .,Jll of tJI8 utlliyatiuns uf >:Jiu f!1urt-
<br />q~jge/deed of trust as here in revised.
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<br />4. By reason of this LOJn r1udi.ficat.iurl dill'i ~\'-),'0mpt idil /hJlf'l-;!fjl~llt., HUHk.' t-!'~,:L:l_-I.l
<br />t"h;.-H-eby rclea;:,.~~~ dild di::'IChJrge;;> tile undec'iiqr,\,,!cJ ori-gi.ndl Lh:U'tOl.JPfS from Ull'tr lll:'f'.iilkIL
<br />oblit;U~t.ion tlpOn C,dtJ ~f)tl,',i_,lpl.jnc')~,.
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