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NOW, THEREFORE, THE PARTIES HERETO HEREBY AGREE AS FOLLOWS: 1. The above recitals are incorporated herein by this reference. 2. New Borrower hereby unconditionally assumes the Note and Mortgage and agrees to become fully liable and responsible for the debt and all other obligations set forth therein as if New Borrower were the original maker and obligor of the Note and Mortgage. 3. Bank hereby consents to said assumption. 4. Nothing in this Agreement shall affect or be construed to affect in any way the Note, Mortgage or lien which shall remain in full force and effect and enforceable against Original Borrower and New Borrower in accordance with their terms. 5. New Borrower must reside in the property. 6. Any indebtedness between Original Borrower and New Borrower, now or existing after the date of this Agreement, is subordinated to the Note and Mortgage. 13. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same document. 201800218 7. All of the representations and warranties made by Original Borrower in the Note and Mortgage are true as of the date of this Agreement. 8. No event of default has occurred or is continuing under the Note or Mortgage. 9. Original Borrower has no claims, offsets or defenses of any kind against Bank or any other party relating to the Note or Mortgage. 10. There are no suits or actions threatened or pending against Original Borrower which affect the enforcement or validity of the Note or Mortgage. 11. Notwithstanding Bank's consent to New Borrower's assumption of the Note and Mortgage, such consent in no way constitutes a waiver of Bank's rights with respect to future assumptions which shall require Bank's written consent. 12. New Borrower agrees to execute such other documents as Bank may require to document the assumption and to more fully implement the provisions of this Agreement.