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<br /> �►�SUMPSJ� AGpEEMENT
<br /> ('J11ith Release) 97� 10�i��
<br /> THIS ASSUtMpTION AGREEMENT is made this �day of
<br /> , '9 897, by and between MID-NEBRASKA D�SPOSAL,
<br /> I � a Neb aska Corporatinn, he�einafter referred to as "Borrower" and
<br /> ONALD J. VI.ACii and LINDA VLACH, husband and wife, hereinafter
<br /> referred tv �s "Pa�/ee" ansl L7SC, INC., a Nebraska Corporetion,
<br /> I�ereinafter referre�l to as "Assuming Party".
<br /> � WITNESS�'�"H:
<br /> WHER�AS, Borrower is desirous of selli�g certain real property
<br /> logally described as:
<br /> All of Lot TF�ree (�) except the North Forty (40) feet and the
<br /> � North Half (�V'/:) of Lot Four (4) in Gerden Place,a
<br /> subdivisian of part of the Northwest Quaner (NW'/.) of
<br /> Section Thre�o (3), Township Eleven (i�) Nortn, Range ivind
<br /> � (9) West of the 6"' P.M., Hal! County, Nebraska,
<br /> to Assuming Party conditioned upon assumption of certain indebtedness
<br /> created by the orsgmal purchase of such �eal praperty;and
<br /> {��;;�^���, r.s�uming Party is desirous of assuming all obligations
<br /> with respsct tv a certain installment P�omissory Note dated October 16,
<br /> 1996, in the original principal amount of Thirty-Eight Thousand and
<br /> No/100 Dollars (438,000.00) ("the Installment Promissory Note"1 a�nd
<br /> further assuming all obligations in resQe�t to tha19958�s Document No.
<br /> dated October 1�, 19g6, and filed OctobeP 18,
<br /> 9fi-107Q47 in the Office of the Register of Desds of Hall County,
<br /> :. Nebrask� ("the Deed of Trust"); and
<br /> WHEREAS. P�yee consents to s�sch assumptio�in a�ccordance with
<br /> the terms of this Assumption Agreement and agrees not to accelerate the
<br /> indebtednoss evidenced by such Installment Promissory Note and Payee
<br /> consents to the release of the Borrower from personal liability in respect to
<br /> = said Installment Pa�omissory Note.
<br /> '� NOW, THI=REFORE, in co�sideration of the mutual covenants herein
<br /> r.�w or�cces
<br /> ��p�� cantai�ed, it is agreed:
<br /> % ,�►1{pNC;i1EF,P.C.
<br /> :; 1 . Payc3e dcn�s hereby consent to the assurnption of said
<br /> � �.oXi�B1'1D� Installment Promissmry Not� by the Assuming party and agrees nofi to
<br /> (.%I)��6331 3£6��2 declare a default by reason of such assumption by the Assuming Party,
<br /> 1
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