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<br /> 1520f1'1N7�7
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<br /> � 89w �O�V�� '.
<br /> RE1.6ASE AND A�SUlIPTION AGR6fiPlENT
<br /> r l�graa�awnt wad�--- OCTQ�E,�.18_______. 19_89_--� betiwaan--•-----
<br /> --•----
<br /> Janies Me�er_---------
<br /> _.�R��±.��ESti��I�POD�LACE--------------------------------------------eddreaa
<br /> -�- --- --------- ____--_.�___.,_----
<br /> City of_,�g�a1�p�____,County of__ HALL_______Stat• o�^NEgRASKA__�_^_
<br /> h�r�in r�ferr�d to es S�ll�r. COLONIAL CENTRAI.. 9AVINGS BANK,
<br /> F.S.B. . which ia orgenized and exiating undar th• lewa of U.S.A.,
<br /> succ�aaor through ��rg�r, end whoao �ailing eddr�aa ia 36800
<br /> Gratiot. Mt. Cle�ena, NI 4�043� herein refarrerd to ae Mortgagee.
<br /> Qnd Beverly J. Wolfa of
<br /> 8l3 S__Vine---------------------------------_------_-- _ a�ddreaa
<br /> City ofGra_nd Island ___,County of Hall_________State of Nebraska______
<br /> : h�r�in r�ferred tio ea Puraheser
<br /> 1. Ssll�r ia obligatsd e+nd liabla for tho pay�ent Lo
<br /> I4artgege� of the dabt avid�nce by e pro�iasory nota ia the auw of
<br /> Forty Seven Thousand Si.x Hundred and 001]00-----------_��_�_���____�
<br /> Dol lera_�47�600_00-------_,da�tad 8_19---'�---------- -,19 86__and�--
<br /> . exacuted by Saller, which pro�iaaory note ia aecured by a
<br /> �lortgage datad_ _8-19_ _______ __ _,19 86__ as Do�:No. 86-1Q�9�i� �
<br /> -----------
<br /> in the office of the Regiater of Demda of the County
<br /> of Hall S�.ate of Nebraska end MortgAgee 18 �
<br /> now the owner and�holder of auch pro�ia8ory nota and Mortga�e. �
<br /> 2. Seller ha8 aold end conveyed oas� ia abotat �o aelb Arad �
<br /> convey the .whole of the real proper�y deacribed ia auch �ortgege
<br /> , to Purchaser, and both Seller and Purchaaer heve requestad
<br /> . Mortgagee to releeee Soller fro�n further liability under or on
<br /> account of auch pro�ia8ory note and/or auch Mortgage.
<br /> Eor tAe reasona aet forth above, and in conaideration of the �
<br /> � �utual conveyance and pro�iee8 of the perties hereto, Saller, '
<br /> Iiortgagee, and Purchaaer convenant and agree as follows: � ! ; ,_s_
<br /> � SECTION ONE � -°--_
<br /> �; UNPAID BALANCE OF SECURED OBLIGATION '
<br />. � � All �onthly ina�all�ent,a of Principel and Interest provided by � -
<br /> such note to be aid after 10-1- _,19_S9_ara unpaid. , �»
<br /> � p ----
<br /> -y SECTION TWO ' � -
<br /> , � .
<br /> � � RELEASE FROM LIABILITY
<br /> .�; Seller is hereby relea8ed fro� further liability under or on �
<br /> ,� account of auch Note end auch Mortgage. _
<br /> � 5ECTION THR�,E
<br /> '� ASSUMPTION OF LIABILITY AND INTfiREST AND INSTALLMENT IHCREASE
<br /> � Purcheaer agrees to pey such Note in inatall�ents at the ti�nea
<br /> W and in the �anner therein provided: to perform all of the ,
<br /> ° obligationa provided in auch llortgage to be perfor�ad by Seller
<br /> '' et the ti�e, in the �anner, end in ell reapects aa therein �
<br /> oprovided: end to be bound by all of ter�s of such Mortgage: all ��.�
<br /> � ea though euch Note and Ilortgage� end each of them, had � "
<br /> .� originally been Mede, executed, �nd delivered by Purchasers :
<br /> � provided, however, that th• interest on the unpeid Principel
<br /> � Balance shell, until paid, ba paid at tAe rate of Nine and One Half
<br /> � _ (9•5) x per annun�, inconaecutive monthly inatallmeata of '
<br /> , � Four HuncTre�l Dollars and 25/100-------------------_,� 400.25_ _��,
<br /> y ��_ � � .� �� ����
<br /> , �; including principal, plus 1/12 eati�►ated annuel texea and
<br /> • . � inau 8a�nce oa the_ Ist __^___dey of eech �onth, beginning_November 1,
<br /> � 19-------' -
<br /> SECTION FOUR
<br /> � NO IMPAIRMEH'P OF LIEN
<br /> � Th• whole of the renl property deacribed iri $uch Mortgage shall
<br /> -� re�e�in �ub�ect to the lien, charge, or encu�nbrance of auch
<br /> � I4ortgage, and nothinq herein contained or done pursuant hereto �-_--- -
<br /> -� �hell affect or be conetrued to affect the lien, charge or '
<br /> � ' encumbrence of tha Mortgege or the priority thereof ovar other i
<br /> s Iiens, chr�rge8 or er�cu�brencea, or except as herein otherwiae i
<br /> provided, to re].ease or affect the liability of any perty or
<br /> � pertiea who�aoever would now or �ey hereefter be lieble under or �
<br /> � � on account of 8uch note and Mortgage.
<br /> SECTION FIVE
<br /> � INTERPRETATION ��
<br /> In thia egreen�ent, the al.nguler number includes the plural and �
<br /> � tAe plural number includea the einguler. If thia agreenent is ��
<br /> •xecuted by �ore then one pexean, fir�n or corporetion ea r'
<br /> P�rcheaer, tihe obligetiona of each auch pdrson, firm or
<br /> :-.
<br /> carporotian heraunder shall be �oir�t end aeveral .
<br /> �.J
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