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<br /> � - LOAN t�DIFICATI�i! RND 'ASSUI�TION . _ •
<br /> �• liGREEfiENT WITH RELEASE �[.`� r-
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<br /> � �v?�` WIEREAS, NQmE FEDERAL SAVINGS AN[7 LqAN tISSQCIATION 0� GRAND ?aLAND. hereinafter\ � `"� •��1-
<br /> � � � referred to as �'Hame Federal", leaned CELIA F. GARCIA A SINGLE PERSON AND SALUAOOR � '''�'�
<br /> � `, � , � hereinafter referred to as '6orrawers", the original , _
<br /> �.
<br /> � � Y� pr ncipal sum of asxTFFnt THOUSaND ANQ NU/1U0------------=---------~----- Oollars � -
<br /> ' � � ($��. as eUidenced by a m�rtgage note dated 7uly l, 99 , �� '_ ° _-_
<br /> secursd by a mortgage/deed o� trust dated July 11. 1994 a�d recorded as Onc�anent _. . _--
<br /> - �. . -- No. g�_�n�q3o in the Office of the ReySster uF flee�is in HALL Coui�ty,NEeRASKA —
<br /> - , and .. �a
<br /> � WiEREaS, seid 8orrowers have sold to the undersigned Purchasers the praperty ' ' � �9!"-.:
<br /> legally described as: . ' Y;;�-_-_—
<br /> ' � � LOT NINE (9)s IN; BLUCK SIXTEEN (16)s IN H. G. CLARK�S ROOITION TD THE CITY �F .. v� �a`��
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<br /> � . ' ��,�t GRANd ISGANO, HALL COUNTY, NEBRASKA '` g=-__-
<br /> , � : '. -_—_
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<br /> �. _ WHEREAS, Purchasers deaire to assume and pay the remaining indebtedness described ' � ���-�
<br /> � ; • ,. abaue as evidenced by the aforementioned npte and mortgage/deed of trust; and .'.� � •
<br /> `� . � , WIEREAS, Borrowers desire to be released from any further obligation in respect . � ,
<br /> ' �� � tn the above described note and morl.gaye/deed nf trust; and " :'�"'' �--
<br /> - .. . • tilHEREAS, fiome Federal is willing ta permit the assumption by Purchasers of • •: �
<br /> ''�. . � „ the note and mortgage/deed of trust and release the Borrowers from the o5ligations � ,' . . .
<br /> .. , : evidenced by the eforedescribed note and mortgage/deed of trusti subject, hawever, • � ..
<br /> . . ��'� ? to a revisinn of the terms of payment of said indebtedness, �� :� �
<br /> � � , NOW, THEREFORE, in consideration of the mutual covenants harein contained, �, . � • ,
<br /> • � !� it is agreed: �� � � ;' .
<br /> � - . � 1. The undersigned Purchasers hereby assume and agree ta pay the remaining .
<br /> � � � indehtedness evidenced by .the aforedescribed nate and mortgage/deed of trust and -• . � ,
<br /> ' ' perform all af the obligations provided t,herein and as modified hereby, it being � �
<br /> . � ayreed and understood that as of thiS date said indabtedness is -Y '� � . . .
<br /> ? HIIN�RFtI G IIFNTY STX AND A�1pCl-------------do118TS �� 14.276.$5 . . • �
<br /> � ' � j Z. The terms of the repayment of the debt evidenced by the aforedescribed . ' ,' ;
<br /> � nntP anri mnrt.r�age/�leed nf tr�ist. are hPrehy mnriffie�i in thet interest upnn the unpaici
<br /> . , � balance of said indebtedness shall be �t t.he rate of ei h�t & 1/2 percent ( 8.50�)
<br /> • ' } per annum, and that munthly payments st�all be made conunencing on the lst day of
<br /> �'f' ` ' ' � Adril , 19 96, and continuing on the lst of each month thereafter, it being . ,�
<br /> • . � � � further agreed that such payments shall be in the amo�fnt of ONE HUNOREO NINETY EIGHT ' � �
<br /> � � � AND 38/lOD---------------------------Dol lars ($ 198.38 ) per month, to be applied � �.
<br /> .i first t.o 3nt�rest a�d the t�alance to ��rinc9pal until said indebtedness is patd in
<br /> .' . " � full, and that, fn addition, said Purchasers will pay the sum of FORTY ONE ANO 84/100 • '
<br /> �� � j __________________________________ DnLlars ($ 41.64 ) per month in escrow estlmated �
<br /> � suFficient to pay taxes and ar insurance on said property, which estimate may be � . �
<br /> � .
<br /> . � ) revised fram time to time by Hnme Federal, making a total current payment of Tb10 � �
<br /> ' �� HUNOREO FORTY AND 22/100------- Dollars ($ 240.22 ) ��er mo�itf�.
<br />, � � . � 3. Except as modified hereby, the note and mortgage/deed of trust above de- •
<br /> E sr.ri.hr�d shall remain in full force and efFect, and the undersigned Purchasers promist� . . • .
<br /> ',•�.� . j t� ��ay said indebt�dness as herein stated an�t to �erfnrm all of the ul�l igat.ior�s ,
<br /> � ��f said mortgage/deeci of trusL as herein revised. ��;
<br /> ' . � 4. Hy reason of this Loan Modi f ication and Assum�tion Agreement, Horne Federal
<br /> � • • . ! I��iF�hy rPleas�s and discharg�� t.he �nui��r�.i�nr.�l �ric�in:�l R��rmmers frum thr�ir pei•snnal � "_ �
<br /> ' .--��--�- - nhl+��:�tinn u��nn said indebteriri�ss. i
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