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~'-"i~C~p08fl Assuming Parties and agrees not to declare a default by reason of such assumption by the Assuming Parties, providing ali remaining indebtedness and the terms and conditions of such Mortgage- Note; Modification and Extension Agreement and Mortgage-are well and- truly satisfied by the Assuming Parties: 2. The Assuming-Parties do hereby assume and- agree to-pay the indebtedness evidenced by sa9.d Note and Modification -and Extension Agreement and to perform al.l of the obligations provided' therein; it. being understood and agreed that as of this date said principal indebtedness is Thirty-Fight Thousand Four Hundred Seventeen and 36J100 Dollars {$38,417.36), that- the- interest rate- shah be fourteen r_ercent {14~) ger annum, and that monthly payments of Five Hundred Forty-Four. and 10/100`Dollars ($544.10) each shall be made by Assuming Parties commencing with that payment due January 1, 1P84, as required by such Mortgage Note and Modification and Extension Agreement until such time as the entire then remaining principal balance, together- with accrued interest thereon, shad have been paid pursuant to the terms thereof. 3. The Borrower agrees that its present liability under said Mortgage Note and Modification and Extension Agreement sha11 not be impaired, prejudiced or affected in any way whatsoever by this agreement, or by the assumption of. the Assuming Parties of said loan, or by any subsequent change in-the terms, time, manner or method of Aavment of said indebtedness, or any part thereof, contracted by the Payee and the Assuming Parties or the transferees of the Assuming Parties, whether or not such changes or such transfers have been consented. to by the Borrower. 4. This assumption by the Assuming Parties is joint end several and shall bind the Assuming Parties and their heirs, personal representatives, successors and assigns. IN WITNESS WHEREOF, the parties have hereunto executed this Assumption Agreement on the date first noted above. BRADY AND ASSO~jCI~AJTEnS, SN/fC/f~ t~. ichar Hac~enf€3dt President "BORROWERS" THE OVERLAND NATIONAL BANK OF GRAND ISLAND-.. j ~ ~« ~> ~ By ~;£~...,, _-- -7 % _' .,%~,tz... <.~_ '~"PAYEE" -2- t~~,.