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A <br />MPACS LOAN NUN81:11: 134- 02792 -01 <br />OkTER (seller): Donald L. & Roxanne E.H3nsen <br />PROPERTY ADDRESS: 503 Kennedy Drive <br />85-- Q0348i CITY 6 STATE: Grand Island <br />Nebraska <br />MORTGAGE ASSUMPTION AGREEMENT <br />1980 Series A 6 R <br />THIS AGREEMENT, entered into this lJ <br />between Nebraska Investment July <br />n estment Finance Authority. ; 19 by and <br />v <br />(ASsumer): Robert Lee & Ruth Ann Anderson Y ereinaftcr called "Nita ", and <br />hereinafter called "Borrower" <br />k'HEREAS, Borrower desires to purchase the follovins_ described real estate: <br />The Northerly Thirty Five Feet (35') of Lot Ten (10) and the Southerly <br />Forty Feet (40') of Lot Nine (9), Wolfe`s Subdivision, i <br />Of Grand Isiand, Hall County, Nebraska. n the City <br />WHEREAS, there is recorded in <br />Nebraska -� t #80- 003569 the Mortgage Records of Hall <br />"W County, <br />July 17 1 30 _ • a mortgage on said real estate, dated <br />• 19 , in favor of The Overland National <br />and assigned to the Nebraska Mortgage Finance y� Bank of Grand Island <br />Investment Finance Authority) or is the Nebraska , aS DocentMt1-WSe successor <br />6"EREAS, Borrower, as a part of the and <br />to assume said Purchase price for said real <br />mortgage as described below and estate, desires <br />The total amount of indebtedness of BorrowerytohNIFAlona account secured thereby. <br />before - described note and mortgage ss of the date hereof, including all the hetsin- <br />interest and any other amounts due, fa S 4he date <br />30 <br />B Principal. <br />the "Principal balance," v • Hereinafter referred <br />which Borrower, Jointly to as <br />or order. at any Nebraska office of Y and severally, promises to <br />at the rate of 10.75 the Servicing pay NIFA, <br />g Lender, together with interest thereon <br />ng <br />Au$ufit lent per annum, in monthly installments of o <br />- 19 85 5 45i.i.. <br />It is understood and agreed b <br />mortgage shall constitute a y the undersigned that the hercinbefore described <br />nd remain as security for the payment of the amount due. as <br />above set forth, ansl [hat all terms and conditions of said mortgage shall romiln in <br />full force and effect. <br />It is further agreed that if within the first four years from July 17, 1980 <br />(the Data of the Note) the Borrower makes an <br />addition to such paY01e Y Prepayment to the a' that in <br />Payment- Borrower shall pay an amount equal to the percentage of <br />Principal amount prepaid, as sei forth in said note. <br />or FMA insured loans shall be allowed to make Borrowers of V <br />A Guaranty loans <br />anytist, without Prepayments or Pay the loan in full, at <br />penalty. <br />IN WITN"S 141EREOF, the undersigned have hereunto set their hands the day and year <br />first above written, and agree that this loan shall be <br />governed by the law of Nebraska. <br />1 J NATICNAL BANK OF GRAND ISLAND <br />Servicing L or.- c <br />Pe ®O/' <br />(spouse): <br />Rut . nn <br />NIFA - (4/04) ower <br />1900 A d B Assumpti,n Agreement <br />