|
86,105514 ,
<br />NIFA LOAN NUMBER: 130- 02910 -01
<br />OWNER (seller): Daniel R. Cox & Sara L. Cox
<br />PROPERTY ADDRESS: 1511 North Eddy Street
<br />CITY a STATE: Grand Island, NE 68801
<br />MORTGAGE /DEED OF TRUST ASSUMPTION AGREEMENT
<br />THIS AGREEMENT, entered this 30th day of September , 1986 . by and between
<br />Nebraska Investment Finance Authority, hereinafter called "NIFA ", and (Assumes):
<br />Donna Jean Thompson , hereinafter called "Borrower:
<br />WHEREAS, Borrower desires to purchase the following- described real estate:
<br />The Northerly Forty -Four (44) feet of Lot Six (6) and Lot Seven (7),
<br />in Block Fourteen (14). in Schimmer's Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />a5 Document REAS !?Oh0u422g recorded in the Official Records of Hall County, Nebraska
<br />ftX�9ttXXHMgXXRXC b M, a mortgage /deed of trust on said real estate, dated
<br />AugL,,t 1? , 190_, in favor of State Bank Palmer, Nebraska
<br />and assigned to the Nebraska Investment Finance Authority (formerly known as Nebraska
<br />o as Document #80- 004227
<br />Mortgage Finance Fund) , AWjk kXXXXWXXXilgIfXXX=X and
<br />WHEREAS, Borrower, as a part of the purchase price for said real estate, desires to
<br />assume said mortgage /deed of trust as described herein and pay the obligations secured
<br />thereby.
<br />The total amount of indebtedness of Borrower to NIFA on account of the hereinbefore-
<br />described note and mortgage /deed of trust as of the date hereof, including all principal,
<br />interest and any other amounts due, is $24,677.05 , hereinafter referred to as the
<br />"principal balance ", which Borrower, jointly and severally, promises to pay NIFA. or order,
<br />at any Nebraska office of the Servicing Lender, together with interest thereon at the rate
<br />of 10_1,r percent per annum, in monthly installments of $ 239.46 beginning October 1
<br />19_g fi_.
<br />It is understood and agreed by the undersigned that the hereinbefore described mortgage/
<br />deed of trust shall constitute and remain as security for the payment of the amount due, as
<br />above set forth, and that all terms and conditions of said mortgage /deed of trust shall
<br />remain in full force and effect.
<br />It is further agreed that if the Borrower makes any prepayment to the principal, that
<br />in addition to such payment, Borrower may be required to pay an amount equal to the
<br />percentage of principal amount prepaid, as set forth in said note. Borrowers of VA
<br />Guaranty loans or FNA insured loans shall be allowed to make prepayments or pay the loan in
<br />full, at anytime, without penalty.
<br />IN WITNESS WHEREOF, the undersigned have hereunto set their hands the day and year
<br />first above written, and agree that this loan shall be governed by the law of Nebraska.
<br />Morvest Bank Nebraska, N.A. 1 1, r
<br />Servicing Lender Borrower 'Donna Jean Thbnpson
<br />/ R
<br />Ma t M. Dillon Burrow,,r
<br />N!':FA (7/96)
<br />
|