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202405572 As part of the purchase price of the above described property the Borrowers have agreed to assume and pay the indebtedness evidenced by Note and to be bound by the obligations of the Security Instrument, as amended by this Agreement. Upon such assumption the lender is willing to release the Sellers from all personal liability arising under the Note and Security Instrument. In consideration of their mutual promises the Borrowers and the Lender hereby agree as follows: 1. The Borrowers hereby assume and promise to pay all of the indebtedness evidenced by the Note as modified, and agree to be bound by and to perform all of the covenants of the Security Instrument at the time and in the manner provided therein. The Borrowers further agree that the above described property shall be held as security for any and all indebtedness of the Borrowers evidenced by the Note otherwise secured by the Security Instrument. 2. The Borrowers agree and acknowledge that the Note, Security Instrument and all other loan documents are valid and enforceable in accordance with their terms and there are no offsets, defenses, or counterclaims available with regard to the enforcement and validity of these documents. 3. The Lender hereby approves the assumption provided for in the preceding paragraphs and releases the Sellers from all personal liability which may hereafter arise under the Note and Security Instrument. 4. This Agreement shall not waive Lender's rights with respect to giving its approval of any subsequent assumptions of the obligation evidenced by the Note and secured by the Security Instrument. 5. On or before the Effective Date, Borrower/Seller shall pay to Lender a fee for in an amount indicated in the disclosure or other documents provided to Borrower/Seller by Lender in connection with the Assumption. 6. Save as provided in the Agreement, the terms and provisions of said Note and Security Instrument remain unchanged. 7. The Borrowers hereby acknowledge receipt of a copy of the Note and Security Instrument. In witness whereof, Borrowers and Sellers have executed this Agreement. - BORROWER - KARI WOLFE - DATE - - SELLER - BILLY J SKYLOR - DATE - gal 23428.65 Page 2 of 4