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WHEREAS 85-- 00392.7 ASSUMPTION AGREEMENT WITHOUT RELEASE Loan 1Vo.._L..21,9ZFz __f1�I�� THE EQUITABLE BUILDING AND LOAN ASSOCIATION loaned , •Orvi F 1 i y,3i-�Pth S__ r.rmas ya_ htLchand and wi fp • which mart -gage ores rmnartrxi by_ Fky3pne M_ Esei rte artij Mi rpn.K__ Essink� husband - wi fps _ the sum of_ IWentV QI1 1I 4y 3d. Faye -ILUF W` - sue.. n9��0� —'_ = ' _ -- -=Dollars (bout ) evidenced by note/ mortgage dated.._.;AJP_uar_Y__ : recorded as Document No_ . _.74-004L3.5_. _ __ in Hall _ ______County, _ Nebraska_ WHEREAS, said Borrowers have sold said property to the undersigned Purchasers and said Purchasers desire to as- sume and agree to pay said indebtedness anti perform all the obligations under said Loan Contract, and said Associa- tion is willing to consent to said transfer of title and assumption of said indebtedness, but is not willing to release said Borrowers from their present liability on said note /and mortgage; (bond) THEREFORE, in consideration of the mutual covenants and agreements herein contained, IT IS HEREBY AGREED as follows: 1. The Association does hereby consent to the sale and ,! onveyance of said premises by the aforesaid Borrowers to said Purchasers. Any subsequent sale by the Purchasers shall, at the election of the Association, cause the entire unpaid indebtedness to beccre due and payable. (b 2. The Purchasers do hereby assume and agree to pay said mortgage indebtedness, evidenced by said :rote and taort- gage, and to perform all of the obligations provided therein, it being agreed and understood that as of this date said indebtedness is Eighteen Thcusand Fta�r HtirrJrea Six aixl__1(JJ -__ -_. __._Dollars 1E1$.44�43 —). and that the interest rate shall be __.10�—c?'r per annum, and that monthly payments shall lx made Ix-.ginning the 19 _ $S __, in the sum of - - -- - ---- -- - _) per month, _1v..n_ Htlsadr'ed One_a>�_fi�L10Q - - -- _ -. -- _ _ __ _ _ _ _ .._ _ _._.dollars 3_iOL _ to be applied first to interest and the balance to principal until said indebtedness, is paid in full, and that, in addition, said Purchasers will pay the gum of Fifty six and 35/100 -- -------------- - - -. - - - -- estimated to be sufficient to , :y taxes and insurance on said property, which estimate m,v be rcvi4rd, making a total current payment Fiity Fi�71zt_ancl- S]G�.1001)ollars I$..258.00 .. ix•r month. T1C final monthly paprent is payable not later than December, 2001. 3. 'rhe Borrowers agree that their present liability under said mortgage loan shall not he impaired, prejudiced or af- fected in any way whatsoever by this Agreement, or by sale or conveyance of said premises, or by the assumption by the Purchasers of -aid mortgage loan, or by any subsequent change in the terms, time, manner or method of payment of said indebtedness, or any part thereof, contracted by the Association and the Purchasers or the transferees of the Pur- chasers, whether or not such changes or such transfers have been consented to by the Borrowers. This assumption by said Purchasers is joint and ;rveral and shall bind them, their heirs, personal representatives, suc- cessurs and assigns. IN WITNESS WHEREOF, the parties have hereunto executed this instrument this_____...__._lYtk -day of August 29._ 65_. _- tl .r'Kc�r 'faier�� a Sing left rson - - $I]artYt K. F:SS.LitlCte ~�� 1'urrhasrrs THE EQUITABLE 13U�NG AND LOAN A$S(XJA I'ION L fly: "yam - % Authwi:i�t Si�aatuir 7 "IfiS INSI-fiUMINT 'XAA HIUVAi:1.) HY Hep „t 'W .