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<br /> , LQAN f�'IODIFICATION Ah0 ASSUt+�TIpN 98� �(j,�94� , .
<br /> AGREEf+IENT WITH RELEASE
<br /> � WHEREAS� fiOmE �'EDERAL SAVINGS AND LOAN ASSDCIRTION OF GRANO ISLAND� hereinafter �
<br /> i referred to as "Home Federal", laaned NHUNG T T , ``
<br /> A STNGLE PCRSON hereinafter referred to as 'Borruwers , the or gina �
<br /> ' I principal sum of ��J�, TLO THOLSAhD FOLR HLRDRED AND N❑/10❑-----------------Dollars
<br /> � ($�, as evidenced by a mortgaga note dated Oct°tier 24. 1q94 , and
<br /> � secured by a mortgage/deed of trust datc?d f)ctober �4. 19QA a� recorded as Dacument
<br /> , _ �� No. qti_i na674 _ in the Of f ice of the Register of Deeds in . HA�i_ County, N BRASKA .. �-
<br /> � and --- � � . ... '
<br /> WHER�AS, said Borrowers have sold to the undersignEd Purchasers the property � • � °��=
<br /> _'y;•;,
<br /> legally described as: ' � y�
<br /> :�����
<br /> ..�. -�'.-
<br /> ALL OF LOT TWELUE (12) ANO THE EASTERLY THIRTEEN FEET (E 13' ) OF LOT ELEUEN (11), '��`__n�"'u�-�.
<br /> � IN BLOCK EIGHT (8), IN I�IORRIS FIFTH AODITION TO THE CITY OF GRAND ISLAND, HALI. '`�
<br /> '` COUNTY, NEBRASKA '
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<br /> � WHEREAS, Purchasers desire to assume and pay the remaining indebtedness described �=�
<br /> �� abovs as evidenced by the aforementioned note and mortgage/deed of trust; and _,�,
<br /> '� WHEREAS, Borrowers desire ta be released from any further obligation in respect F�
<br /> � to the above described note and mortgage/deed of trust; and ��
<br /> �. WHEREAS, Homo Federal is willing to permit the assumption by Purchasers of �.__
<br /> _ � the note and mortgage/deed of trust and release the Borrowers from the o51igations ��_:_
<br /> - �videnced tiy the aforcdc�c:ibed r.ots an� rnertgagefde?d �f trust; subject. however� �+�
<br /> • to a revision of the terms of payment of said indebtedness� t_-
<br /> NOW, THEREF�RE, in consideration of the mutual covenants herein contained� '.'"`
<br /> ; ;y=
<br /> ' '' i� is agreed: '=
<br /> �� 1. The undersigned Purchasers hereby assume and agree to pay the remaining :�;-
<br /> indebtedness evidenced by the aforedescribed note and mortg.age/deed of trust and ���_r
<br /> � perform all of the obligations provided therein and as modified hereby, it being ���-
<br /> '�: agreed and undarstood that as of this date said indc�btedness is �gTY EIGHT �'HOUSAND
<br /> �- ,�7NF H IN�R fl Tf:HTEEN ANf] i4�100-----------�o11aTS ($tiR,q1R,34 ) —.
<br /> �' 2. The ter.ms of the repayment of the deht evidenced by the aforedescribed _
<br /> ; note and mortgage/deed of trust are hereby modified in that interest upon the unpaid _ -
<br /> � balance of said indebtedness shall be at the rate of NINE percent ( 9�0 �)
<br /> � per annum. and that monthly payments shall be made commencir.g on the lst day of N
<br /> � Februar�,. 19 98, and continuing on the lst of each month thereafter, it being /t/� �'
<br /> further agreed that such payments shall be in the amount of FOUR HUNDRED SEUENTY ONE N.L
<br /> � AND 46/10l]---------- ----------Dollars ($ <<71.46 ) per month, to be applied
<br />' � first to interest and ths balance to principal until said indebtedness is peid i���. —
<br /> ' full, and th�t, in addttion, said Pur.chasers will pay the sum of
<br /> � �� .{�yE.._q{�-}�p�_________________ pollars ($�O) per month Sn escrow estimated
<br /> ' � sufficient t� pay taxes and or insurance on said property, which estimate may be �:-r�
<br /> � revised from time to time by Home Federal, making a total current payment of �4� �'L
<br /> � ���., r� T�T� CT��B--5g1�8B-- --- -------------Dollars (S�f'7/,�(� ) Per month.:7-L . ; .
<br /> � 3. Except as modified hereby, the note and mortgage/deed of trust above de- � � �,t ,,-�:
<br /> � scribed shall remain in full force and effect� and the undersigned Purchasers promise ,��'=' �� .
<br /> � to pay said indebtedness as herein stated and to perform all of the obligations t,.•,.� �''���• -
<br /> of said mortgage/deed of trust as herein revised. �� � ���
<br /> .:, .
<br /> 4. 8y reason of this Loan modification and Assumption Agreement, Nome Federal .
<br /> hereby releases and disctiarges the �mdersigned origi.nal 8orrowers from their personal
<br /> � obligation upon said indebtedness.
<br /> I 5. If any term, covenant, restriction or provision of this Agreement is deter-
<br /> + rnined to be void, invalid or unenforceable, tfie remainder of the terms, covenants,
<br /> � restrictions or provislons of this Agreement sFial.l remain in full force and effect,
<br /> and the provisions of the note and mortgage/deed of trust amended or modified by
<br /> such vo.id, invalid or unenforceable part hereof sf�all be reaffirmed and enforceable
<br /> .._�
<br /> � to thIN�WITNES5efW11EF2E0F, the unde signed�have executedCLt�isuinstrurnent on this 29th `
<br /> ' day of January , 19 98 .
<br /> /� ' _� I
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<br /> Nhunq T Le Borrower �
<br /> `�-�►t:u�c . I
<br /> � Trany T,X. Le -- '� Bnrrower (
<br /> �
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<br /> �
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