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<br />Loan No. 040 -01 -58106
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<br />ASSUMPTION AGREEMENT 87— 10803
<br />WITH RELEASE
<br />WHEREAS, The First National Bank of Grand Island, Nebraska, now known as Norwest
<br />Bank Grand Island, National Association, now known as NORWEST BANK NEBRASKA, N.A.,
<br />loaned V.M. Tool Co., Inc.
<br />the sum of f fifty- ive 1housand and no/1OGths ---------------- -0oliars,
<br />evidenced by ,a note and mortgage /deed of trust dated Novem r 26 1973 ,
<br />and recorded aix.9stiiwn4ox in Nall County, Nebraska:
<br />WHEREAS, said 643hAgSoNsaid property to the undersigned Purchasers and
<br />said Purchasers desire.toassume and agree to pay said indebtedness and perform
<br />all the obligations, under said loan contract, and said Sellers desire to be re -.
<br />leased therefrom, and said Bank is willing to. accept` said assumption and .release
<br />said original Borrowers;
<br />THEREFORE, for and in consideration of the premises and other good and valuable;
<br />considerations, the undersigned Purchasers hereby assume and agree to pay the
<br />indebtedness evidenced by said note a,d,mortgageldeed of *_rust and perform all
<br />of the obligations provided therein, 'it being agreed and understood that as of
<br />this.,date said indebtedness is,
<br />Twelve Thousand Three Hundred Sixty -eight and 041100ths ($12.368.t'4) Dollars,
<br />and that the interest rate shall be 8__50 per annum: The Buyer agrees to ;lay
<br />the ,regular payments wing for January and February 1987 each in the amount of
<br />Five Hundred Forty- one and 61l100fhs (S541_61) Dollars. R uhr monthly;pay-
<br />ments shall be made beginning March I,1987. in.the sum of five Hundred Fort -.
<br />one;and 611100ths {'S541.61) Dollars per smith., to be applied first to interest
<br />and the balance to. principal until Said indebtedness 'is paid in full',
<br />RECCRDV�s Z i
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<br />and that 'in d €€ Other respects., all terms and conditions of said note and
<br />mortgage /deed of trust shall remain in full force and effect,.and the under -.
<br />signed Sank hereby releases and discharges said original Borrowers upon their,
<br />personal obligati- on-upon said 3_nde4te_d_ness'. _
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<br />IN WITNESS WHEREOF, the parties have hereunto executed this instrument, this
<br />30thday of . Janua rl 1987
<br />iv
<br />Trivia P rove rties Limited Partnership
<br />y= H. '001 Co. ,_Inc Triad investments Coruoration, a Nebraska
<br />LJLf € Zo L4
<br />Richard J. 1*rrick, lresi,+4nt Fichard J. rrikk, president
<br />.10RWEST .BANK N €BRAS€CA, NA ZONAL ASSOCIATION
<br />F
<br />By _
<br />STATE OF NEBRASKA ) Lrad C c�lstecdt, assistant Vice President
<br />�
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<br />COU€iT Y OF HALL }
<br />The foregoing instrument as acknowledged before me this 30thdav of January
<br />1987, by Richard 3 i#errir. %.__Presiziant i.,M. 1041 Lt 7nr.. -- —_ _•
<br />-my cOjimi ss5 ion expires: 22-64-88
<br />STATE OF NEBRASKA j
<br />NOTARY P1191
<br />1 s
<br />i p iys4 � 6, i91a
<br />COUNTY OF HALL
<br />The foregoing instrument was acknolwedge before me this 3GthdayY 0f January -'+
<br />14B7 . by Richard J: Merrick, President,
<br />Triad Properti'Limited Tfart.:i?i5li`i
<br />In
<br />Mr commission Expires: 2 -r -8B
<br />•-: ` —F... � -rte
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<br />NOT L
<br />p�INI MMt� >tsru�F
<br />1At.11Al;iiES►
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<br />if 87
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