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<br />LOAN fI1OOIFICATlON AND ASSUMPTION
<br />AGREEMENT WITH RELEASE
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<br />84-=- 005172
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<br />WHEREAS. HOfllE FEDERAL SAVINGS AND LOAN ,4SS0CIATION OF GRANO ISLAND. hereinafter
<br />r referred to as "Home Federal", loaned JOHN R. HALL AND MARY DAWSON HALL, hwsband and wife
<br />r
<br />hereinafter referred to as "Borrowers". tr'e original principal sum of TWENTY THREE
<br />TH1lllqAI\jf1 NHJF HUIIIDRm AND NO!lDO--_____________________________J;lcllars ($ 23,900.00 ),
<br />,as evidenced by a mortgage note dated June 7, 1978 , and secured by a
<br />mortgage/deed of trust dated June 7. 1978 and recorded as Document
<br />No. 7R_omC;C;R in the Office of the RegL:;t.er of Deeds in HALL County,
<br />NFRRASKA : end
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<br />WHERCAS, saJd DQrrCl\.i.H-.:I":--: nave ':_;01[1 to the undprsigned Purchasers the property
<br />legally de5cribeu as:
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<br />LOT FOUR (4) IN BLOCK THIRTEEN (13) IN SCHIMMER'S ADDITION TO THE CITY OF
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<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
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<br />;'Clcj
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<br />tuHEREHS.. PurCr);:~3f:.?!-:'; (i!~~::;lre to 3S5ume and C:::.' *'hr> r~..aln'!nr, i~~'9b-t.e=;-ee~ -2~~~~=~~o';-o.c;'-
<br />IUC!',Jt;' d~" t~videncecj ny the drc:rement inned ,lote "-'Ci ",..Jrtgaqe!c ~2d of -tro~t,; and
<br />
<br />-:!t:::nCi:!O Ln.
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<br />t~,-,
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<br />. 'uc r-:'1 1 i_'J will~ng to Dermit t.he assumption
<br />:rust and release tt1e Borrowers from
<br />i.t1cd note 3nd rnuttgage/det:d of trust;
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<br />to bc relf!J3'"d from any further obligation in res~t .
<br />mortgage!dpE:d of trust; and .. '---~-_;"';__:__;~"
<br />:< - --/ --:'.'.--',-
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<br />by Purchasers of tlie-
<br />tht;) obligatioos,eli1....
<br />subject. howe'lleJ;'..to
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<br />wHEREAS, 8()r:-oU,!-~.?!r~-:, jc";~,irc
<br />t:~)c a.bovt.1 d!;?'_~cr i::-:~~i.J :~ote -3nd
<br />
<br />UHEREAS. rlUi:<C
<br />
<br />n~J te
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<br />and mar"
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<br />.-.~",. ._, -.-
<br />.i. t~\!-l-;:::,lU:!
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<br />~~f :}dV~r:ent elf -sai;..i indebtedness,
<br />
<br />~Jf1;i.
<br />
<br />THLht.F
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<br />. -" ,-"
<br />c,~'n'3lc,::;rattt~!n ct
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<br />;;C1i, mutual covenants herein contained; it,
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<br />: ,; :;)~~-ee;J:
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<br />:'~c t ':Dr~b See' i~~~,~~:;jL.~;;J t ;:~jf~;~~'~8;~:C :~~:~y f1~ ~~'-Jl~~d a:~r ::::'1 d~oe:~Yf ~~~s~e:~n~:~f;ri;'
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<br />'d of the ':,nl: C;3: Ln.' p~GJided therein and GS modified hereby. it being agreed atiQ;
<br />J'U8Lit.OOCJ t:OJt .15 ;:,f' tflis ;Jelte said indt'bt.edness is TWENTY THOUSAf\lD SIX HUNDRED
<br />FTr,HTFFN Ai\.lfl s~!Jnn-__---_------------------__--.f',.ollars ($ 20,618.53 ).
<br />
<br />Tht' 'J'rms 'It the repayment of the debt evidenced by the aforedescribed I'U)~
<br />_""j mort:;age'jeeCl of truc;t are hereby modified in that interest upon the ul'lPaidbe1~;,
<br />., ;:db indetlLednes;; ',;1e11 be at the rate uf thiTteen percent (..llJi paraotUt'-_
<br />:\.k~ thdt monthly Od)c"l.lt?nts shaJ 1 DB made cOfllnencing on the _ 1st, da,y'- of - October-,,', -:,' .,:.,
<br />1S~ and contirluing on the ~ day of each month ther-eaftet. H bEling: fi.tr~ '.
<br />s:Jfet1..1 tf1at such paym~nts shall De in the amount of Tu, HUt-JDRE.O- SIXTY SEVEN ANO~,49 100
<br />____________u__________________________ Dollars ($ 267 .49 peI'!1IOfIth, to be: ap.. .
<br />;'lied fi,st to interest and the balance to principal until said indebtedn.ess is paid
<br />fClil, a,-,(j that. ir\ addition. said Purchasers will pay the sum of NONE
<br />
<br />
<br />:lll;jrs ($ n nn \ per mont.h in ~_lscrow estimated sufficient to pay ta.){~S-, ~
<br />.,_,v"",~,_ "'. :'(}lei "rc;;)erty. which estimate may be revised fram time to time by Home
<br />.. ':<);-;>'1. !''''-'king .' ,,;- ell Cufll'nt :Jayment of TWO HUNDRED ..SD:TY SEVEN AND 49~lOO-------..---
<br />_ _______________________________.l.!olhrs ($ 267.49 ) per month. '
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<br />.~'.. ~:x':.:ept. 2jS J';1(}(..Efiec ;-'f!reoy. the note and mortqaqe/rjeed of trust above described
<br />d 1 !'t:~~:Lliq in ful} fnn:l ..1nd eft'2c.l. ~'1f1d thr:?: dnderc.).iqnt~d Purcha~~ers promise to pay
<br />"^;;~" lr~df_~t)te-jness ~~::;. ~Lr.3i[-, <t,:;lted :jod tlJ \.Jerform all of the obligations of said mort...
<br />~:;~3,':rk'\.~(j t;f tl'..J':'~ '.' f'"-t"t,, :n revi.~':-E'tJ.
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<br />~.; !,.'.-_;,1n ;"\:_:H'1ifi(~j!,io(1 jl-!~l ;'\" ,:.lmptino Agreement. HOfne Ft.~df~r-al
<br />:t:'dt ;~:"::', ~'.~t~\ ",YHJt-:.or5iqr\l,'l-d or ;..t}l'l~;-d ~'l,()rr'ouJer'3 from thHi r per-,;:~on.31
<br />~d 1 ~~j nd~,~u t t" :j; H:':..'; ':;, .
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