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~a? ;0 n () ~ :t: )> ~(),.... c: m (I) "'" N~~ ~. z n ::::t ~ ('") Ul g' () c:::> . C> 0 ~ ~~ ~ O-l :c n c: J:>- ar I\.) m > 0') c_ Z-l N S n (I) ~ ~t = -lIT! [ S ~~ ;n :=: ~ :t: :z -<0 b CJ) s ~ ~. o~ 0"'Tl C> ~ S "'- ~ 1 "T\ W "'Tlz en s ~ s ~C\ ~ a 0 :r: fTl 3' CJ) ~ rr1 t -0 ]>aJ C> 0,.. C) -. !T1 ::3 r ::u I t;"-D 0 r J> \0 ('> C/l (j) f'( ....... '0 N ;?<; ;t> '0 0 -- -...f) ..~ . N (J1 0:> :l -....0 ".'~. ... ASSUMPTION AGREEMENT WITH RELEASE (J1 ~ .----.. ....,p ~ WHEREAS, HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as "Home Federal", loaned KEY FINANCIAL. INC hereinafter referred to as "Borrower", the original principal sum of FOUR HUNDRED EIGHTEEN THOUSAND FIVE . HUNDRED AND NO/IOO Dollars ($418,500.00), as evidenced by a Universal note dated JUNE 1. 2005, and secured by a mortgage/deed oftrust dated JUNE 1. 2005 and recorded as INSTRUMENT NO. 0200504964 in the Office of the HALL COUNTY REGISTER OF DEEDS IN HALL COUNTY, NEBRASKA and WHEREAS, said Borrower has sold to the undersigned Purchaser the property legally described as: Lot One (1), Stoltenberg Subdivision in the City of Grand Island, Hall County, Nebraska AND Lot Nine (9), except the South 176.3 Feet thereof, Bachman and Lester Subdivision, in the City of Grand Island, Hall County, Nebraska WHEREAS, Purchaser desires to assume and pay the remaining indebtedness described above as evidenced by the aforementioned note and mortgage/deed oftrust; and WHEREAS, KEY FINANCIAL, INC., (As Borrower) desires to be released from any further obligation in respect to the above described note and mortgage/deed of trust; and WHEREAS, Home Federal is willing to permit the assumption by Purchaser of the note and mortgage/deed of trust and release KEY FINANCIAL, INC (Borrower) from the obligations evidenced by the aforedescribed note and mortgage/deed of trust; NOW, THEREFORE, in consideration of the mutual covenants herein contained, it is agreed: 1. The undersigned Purchaser hereby assumes and agrees to pay the remaining indebtedness evidenced by the aforedescribed note and mortgage/deed of trust and perform all of the obligations provided therein, it being agreed and understood that as of this date said indebtedness is FOUR HUNDRED ELEVEN THOUSAND SEVEN HUNDRED FIFTY THREE AND 171100 Dollars ($411.753.17). 2. Except as modified hereby, the note and mortgage/deed of trust above described shall remain in full force and effect and the undersigned Purchaser promises to pay said indebtedness as herein stated and to perform all of the obligations of said note and mortgage/deed of trust as therein contained. 3. By reason ofthis Assumption Agreement, Home Federal hereby releases and discharges the undersigned original Borrower, KEY FINANCIAL. INC. from its obligation upon said indebtedness. 4. If any term, covenant, restriction or provision of this Agreement is determined to be void, invalid or unenforceable, the remainder ofthe terms, covenants, restrictions or provisions ofthis Agreement shall remain in full force and effect, and the provisions of the note and mortgage/deed of trust amended or modified by such void, invalid or unenforceable part hereof shall be reaffirmed and enforceable to the same extent as if this Agreement had not been executed. IN WITNESS WHEREOF, the undersigned have executed this instrument on this Decemb~ ~~- Key Financial, Inc. "Borrower" By: Gordon Glade, President ~ By: Gordon Glade, Member 3J tb day of "Purchaser"