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<br />r
<br />
<br />WHEREAS
<br />
<br />--<f
<br />84---' 003850
<br />ASSUMPTION AGREEMENT
<br />WITH RELEASE
<br />
<br />NORWEST BANK GRAND ISLAND, NATIONAL ASSOCIATION
<br />
<br />Loan No. 004-01-473
<br />
<br />',J,
<br />,
<br />
<br />".'-,-, -----,.,-,.:--,-
<br />'Co' _" ';--"_
<br />the sum of FIFTY-TWO THOUSAND AND NO!lOO------------------------..---.,.,.....~;.--~-...'-,;;lHi'l~~~<;
<br />
<br />
<br />":;~~-~~
<br />
<br />r
<br />
<br />cloaned Richard W, Dall1l1e and June M. Damme, Husband and Wife,wh'ich
<br />by John Michael Manley and t.1ary Kay Manley, Husband and Wffe
<br />
<br />($ 52.000.00 ), evidenced by note and mortgage dated June 25, 1979
<br />
<br />-"';':_'-::,:~
<br />
<br />as Document No. 79-004013 in Ha 11 County Nebraska
<br />
<br />WHEREAS, said Borrowers have sold said property to the. undersignedPiJrcllase!'san(FsM~'
<br />Purchasers des ire to assume and agree to pay sai d i ndebtednessand pel"forma1lt~eObliga'"
<br />tions under said Loan Contract, and said Sellers desire to be released thel"e:from.and',salt!~
<br />Bank is willing to accept said assumption and release said original Borrowers;,
<br />
<br />THEREFORE, for and in consideration of the premises and other goodandvaluableconsid~r~'l:.i~
<br />the undersigned Purchasers hereby assume and agree to pay the indebtednesseviden(;ed:O'y~aid,;
<br />note and mortgage and perfonn all of the obligations provided therein,itbein9ag~edi\nlf.
<br />understood that as of thi s date sai d indebtedness i s....ll"; 'ty-Ni neThousand andOO/lOO...n;';'
<br />
<br />E~~~~
<br />
<br />c!,';~.~:~~
<br />.'.->~,:\',.?
<br />;-,,~~!
<br />
<br />~-'--,~:i\
<br />
<br />.----------------------------- ($ 3~hOOO.::OO
<br />
<br />\ .
<br />I
<br />
<br />and that the interest rate shall be 12,75
<br />
<br />% per annum, and that the monthly pa~nts
<br />
<br />shall be made beginning the
<br />
<br />1st
<br />
<br />day of September
<br />
<br />, 19~. in
<br />
<br />the sum of
<br />
<br />Four Hundred Thirty Five and ll/iOO Dollars
<br />
<br />($ 435.11
<br />
<br />per month, to be applied first to interest and the balance to principal until said indebted~
<br />ness is paid in full, and that in addition, said Purchasers ~1i11 pay
<br />
<br />-----0000------ ($ -000- )
<br />estimated to be sufficient to pay taxes and insurance on salCriProperty, which estimate may
<br />
<br />be revised, making a total current payment of,~ Four HunQred Thirty Five and 11/100
<br />
<br />0011 ars ( 435. ~l J per month. and that in all other respects, all tenns and condi tions
<br />of said note an mortgage shall remain in full force and effect, and the undersigned Bank
<br />hereby releases and discharges said original Borrowers upon their personal obligation upon
<br />said indebtedness.
<br />
<br />This assumption by said Purchasers is joint and several and shall bind them, their heirs,
<br />personal representatives. successors and assigns,
<br />
<br />IN WITNESS WHEREOF, the parties have hereunto executed this instrument, this 18th
<br />day of ~l!..lL... ' 19_84 .
<br />
<br />II.if-- ,1ft U.^<iLU;~ltt(C'+-_,~:,;~td-
<br />/,John Michael Manley .,r\1
<br />
<br />(!~~-i A jn~.
<br />Cy ,la., Manley '--,---'
<br />,/
<br />
<br />c~~A~~~::.1~-t.,:~,"==..,
<br />
<br />," Ph i 1 rp ,.I, Shannon"
<br />
<br />BorrowerS
<br />
<br />--PurchaserS"'"
<br />
<br />NORWEST BANK GRANO ISLAND, NATIONAL ASSOClATION
<br />
<br />L
<br />
<br />IljCOROCllS MEM~t,,/cI;~ 'i il ",' .'.' ,
<br />': . t:".t:, . . ___ ~~_--
<br />
<br />JI .-/:.-.-..
<br />
<br />Hi;;,. vI u~t:<J:il
<br />
<br />By Ii . : :ii ".' ' .,,;,
<br />"Mil ;'ga;:;,~ [iij');;r;--;'-r;lo';'Tg:li)e--'[(ian-utfifpf
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