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<br />AGREEMENT ~~ ~~ S J ~ ~ O ~ 3 <br />AGREEMENT made January 23 , 1984, between Michael R. <br />Bunger and Barbara A. Bunger, herein referred to as Sellers, Home Federal <br />Savings & Loan Association, herein referred to as Mortgagee, and Richard K. <br />Bunger and Peggy ,J. Bunger, herein referred to as Purchasers. <br />the parties recite and declare that: <br />1. Sellers and Purchasers are obligated and liable for the payment <br />to ,M,ortgagee of the debt evidenced by a Note in the sum of Fifty-Six Thousand <br />Dollars ($56,000.00) dated June 15, 1978, and executed by Sellers and Purchasers, <br />which Note is secured by a Mortgage dated June 15, 1978, which was recorded <br />as Instrument No. 78-003759 in the Office of the Register of Deeds of Hall County, <br />Nebraska, and Portgagee is now the owner and holder of such Note and Mortgage. <br />2. Sellers have sold and conveyed or are about to sell and convey their <br />entire interest in the real property described in such Mortgage to Purchasers <br />and both Sellers and Purchasers have requested Portgagee to release Sellers from <br />further liability under or on account of such Note and/or such Mortgage. <br />For the reasons set forth above and in consideration of the mutual <br />conveyance and promises of the parties hereto, Sellers, "Iortgagee and Purchasers <br />covenant and agree as follows: <br />UNPAID BALANCE OF SECURED OBLIGATION <br />All installments of principal and interest provided by such Note to <br />be paid on or after the date of [his Agreement are unpaid. <br />RELEASE FROM LIABILITY <br />Sellers are hereby released from further liability under or on account <br />of such Nate and/or such Mortgage. <br />ASSUMPTION OF LIABILITY <br />Purchasers agree to pay such Note in installments at the time, <br />in the manner, and in all other respects as therein provided; to perform all <br />of the obligations provided in such Mortgage to be performed 6y Sellers at <br />the time, in the manger, and in all respects as therein provided; and to be <br />bound by all the terms of such Mortgage; all as though such Note and such <br />Mortgage and each of them had originally been made, executed and delivered <br />solely by the Purchasers. <br />NO I?tPA1R~lEP+T OF' LIEN <br />The whole of the real property described in such "+ortQage shall <br />ruin subject to the ii,er~, charge, or encumbranee of such *iortgage, and <br />nothing herein captained or done pursuant hereto shall affect or he construed <br />HEGQ±r4Fy MCb_tl ~.-ic- - - f .r. ~ -.~ <br />5 <br />M~„ ' <br />