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Loan No 010-01-633 ASSUMPTION AGREEMENT WITH RELE ,SE 83- 004608 '.VHEREAS THE FIRST NATIONAL BANK OF GRAND ISLAND loaned Ronald N. Janes and Catherine D. ,Janes, Husband and Wife I he sum of Twenty Eight Thousand Seven Hundred and NO/1 00---------------------------1)0Ilars ( $ 28,700.00 ). evidenced by note and l.lort9age dated, Augus t 29, 1983 and recorded as Document No. #79-004500 in Ha 11 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 obligations 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 considerations, t he undersigned Purchasers hereby assume and agree to pay the indebtedness evidenced by said llQte and mortgage and perform ail of the obligations provided therein, it being agreed and understood that as of this date said indebtedness is Twenty Eight Thousand Fifty Five and 46/1 00-____________________________________________._________ Dollars ($ 28,055.46 "nd that the interest rate shall be 12.50 % per annum, and that the monthly payments ,hall be made beginning the 1st day of September 19 83 ,in the sum of Three Hundred Four and 241100----------------_________ Dollars ($ 304.24 per month. to be applied first to interest and the balance to principal until said indebtedness is paid in full, and that in addition. said Purcnasers will pay fi fty and 761100--- -- __________n -- --- ____Uh __on --::::::.::.:.:::.:.:.::...... Dollars ($ 50.76 ~~;t:m::t~d t~ ~ ;f;uffic;ant tv pay taX€:5 4.1fiu insurance on said property, which estimate may be revised, making a total current payment of---.!~ree Hundred Fifty Five and NO/100----u-- Dollars ($ 355.00 \ per month. and thilt in all other ,-espects, aHterms and conditions of ~aid note <lno mortgage s .all remain In full fOI'ce and effect, afld the undersigned Esanl{ hereby n,leases and discharges said ol'iginal Borrowers upon thei,- personal obligation lIpon said indebt- .~nes$. T his assumption by said Purchasers is joint and several and shall bind them. their heirs, personal representatives. successors and assigns. the parties have hereunto executed this instrument, this 29 19 83 . 'tlorrowers Purchasers THE FIRST NATIONAL BANK OF GRAND ISLJlND GRAND ISLAND, NEBRASKA /~,~ .- By..i~;( MarQ'a~ M. .-\.... ,(.t.- t -{" ) , lIon, MortQage loan Officer lfl941 ~trtpthln; lot 7, Block 15, Asilton Place, An AddHion to the City of Grand Island, Hall County, Nebraska.