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<br />200700713 <br /> <br />3. Borrowers' Continuing Liability. The Borrowers agree that Borrowers' present <br />liability under the Deed of Trust Note shall not be impaired, prejudiced or affected in any way <br />whatsoever by this agreement, or by the assumption of Assuming Party of said loan, or by any <br />subsequent change in the terms, time, manner or method of payment of said indebtedness or any <br />part thereof contracted by the Lender and the Assuming Party or the transferees of the Assuming <br />Party, whether or not such changes or such transfers have been consented to by the Borrowers. <br /> <br />4. Continuing Effect. Except as modified hereby, the Deed of Trust Note, Deed of Trust <br />and Right of First Refusal shall remain in full force and effect, and the undersigned Assuming <br />Party promises to pay said indebtedness as herein stated and to perform all ofthe obligations of <br />said instruments. <br /> <br />5. Binding Effect. This assumption by the Assuming Party shall bind on Assuming Party <br />and its legal representatives, successors and assigns. <br /> <br />IN WITNESS WHEREOF, the parties have hereunto executed this Loan Assumption <br />Agreement on the date first noted above. Notwithstanding the date of execution hereof, the <br />effective date is July 1,2005. <br /> <br />~~C~4' - <br />Douglas . Jo <br /> <br /> <br />':m.uluili! d.qunw <br />Michelle L. Jones' <br /> <br />"Borrowers" <br /> <br /> <br />Gerald S. Jones, Trustee of e Gerald S. <br />Jones Revocable Living Trust Agreement <br />dated February 1,2003, As Amended <br /> <br />"Lender" <br /> <br />DIAMOND-J FARMS, INC., A <br />Nebraska corporation <br /> <br />ByG,: rL ~/~ <br />Douglas t:. Jo , President <br /> <br />"Assuming Party" <br /> <br />STATE OF NEBRASKA ) <br />)ss: <br />COUNTY OF HALL ) <br /> <br />The foregoing Loan Assumption Agreement was acknowledged before me this --W:b- <br />day of January, 2007 by Douglas C. Jones and Michelle L. Jones, husband and wife. <br /> <br />-" <br /> <br />-'-$'lLL) J...,.~ CLA___l ( <br />Notary Public - <br /> <br />My commission expires: Oc.h1-)(jr ci.I.. d..OCi7 <br /> <br />GENERAL NOTARY. State of Nebraska <br />BRANDON S. CONNICK <br />My Comm. &po Oct 21. 2007 <br /> <br />2 <br />