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Loan NO U13-V1 -7 /1315 ASSUMPTION AGREEMENT WHEREAS V v e7 WITH RELEASE 85-- 0879 00 NORWEST BANK GRAND ISLAND, N.A. loaned Lonnie D. Musil and Dianne R. Musil, Husband and Wife the sum of Fourteen Thousand and no/ 100------------------------------------ - - -- -- Dollars ($ 14,000.00 * *, evidenced by note and mortgage dated March 30, 1984 _ and recorded as Document No. 84- 001694 in Hall County Nebraska WHEREAS, said Borrowers have sold said property to the undersigned Purchasers and said Purchasers desire to assume and agree to pay said indebtedness and perform all the obliga- tions under said Loan Contract, and said Sellers desire to be released therefrom, and said Bank is willing to accept said assumption and release said original Borrowers; THEREFORE, for and in consideration of the premises and other good and valuable considera- tions, the undersigned Purchasers hereby assume and agree to pay the indebtedness evidenced by said note and mortgage and perform all of the obligations provided therein, it being agreed and understood that as of this date said indebtedness is Thirteen Thousand Seven Hundred One and 08/ 100---------------------- ---- - - ---- Dollars($ 13,701.08** ) and that the interest rate shall be 11.75 % per annum, and that the monthly payments shall be made beginning the 1st day of March , 1995 , in the sum of One Hundred Sixty -five and 68/100---------- - - - - -- Dollars($ 165.68**lt_ ) per month, to be applied first to interest and the balance to principal until sa, indebtedness is paid in full, and that in addition, said Purchasers will pay N/A Dollars($ ) estimated to be sufficient to pay taxes and insurance on said propert�, which estimate may be revised, making a total current payment of Dollars($ ) per month, and that in all other repsects, all terms and conditions of said note and mortgage shall remain in full force and effect, and the undersigned Bank hereby releases and discharges said original Borrowers upon their personal obligation upon said indebtedness. This assumption by said Purchasers is joint and several and shall bind them, their heirs, personal representatives, successors and assigns. IN WITNESS WHEREOF, the parties have hereunto executed this instrument, this 15th day of February , 19 85 Robert A. Mu " >11 Marilyn J. Mus.il Bo • p- STATE OF NEB ss. COUNTY OF HALL ) The foregoing instrument wds acknowledg E'F.P.ruary , 1 r:niK D. Mu:'i I ant C�.i into. P. Mu My r,5 'Ion expires; ., wwwdw rti.i tl i ti Lonnie D. Musi.l r 'f ??anne R. Musi1 Purchasers NURWEST SAME- GRAND- ISI+AND, NATIONAL ASSOCIATION ke.. ltitve t r'r iuent ,P, o RECORDERS MEMO: _Reg, of Reds ",11::i i, hS�. i IVn •'Pc� 6iut,rrV I'u1.51 i�. &ty of