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80-~c~8'?z WHEREAS ASSUMPTION AGREEMENT WITH RELEASE Loan No 004-01-473 THE FIRST NATIONAL BANK OF GRAND ISLAND loaned RICHARD W DAMME AND JUNE M. DAMME, HUSBAND AND WIFE the sum of FIFTY-TWO THOUSAND AND NO; 100----------------------'--------- Dollars (S 52,OD0.0fl ). evidenced by note and ~~~ortaage dated JUNE 25, 1979 and recorded as Document No. 79-004013 in HALL County NEBRASItA 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, the undersigned Purchasers hereby assume and agree to pay the indebtedness evidenced by said hate and mortgage and perform all of the obligations provided therein, it being agreed and understood that as of this date said indebtedness is FIFTY-ONE THOUSAND EIGHT HUNDRED NINE AND 76/lflfl--------------------------------------- Dollars ($ 51, 809.76 ) and that the interest rate shall be ~ 2~ $ per annum, and that the monthly payments shall bye made beginning the FIRST (13 day of APRIL 19 80 in the sum of FI~%E HUNDRED FIFTY-SIX Ai~ID NO; 100--------------Dollars {$ 556.00 ) per month, Lo be applied first to interest and the balance to principal until said indebtedness is paid in ft'1, and that in addition, said Purchasers will pay EIGHTY-SIR AND Nfl~00-----------------------------------Dollars ($fi6.00 ) estimated to be sufficient to pay taxes and insurance on said property, which estimate may be revised, making a total current payment of SIX HUNDRED FDRTY-TWO AND NO;/1.00-------- Dollars {$ fi42. DD )per month, and that in all other respects, all terms and conditions of said note-t~~toull force and effect, artd the undersigned Bank hereby releases and discharges say or~g~ rrewers upon their personal obligation upon said indebtedness. This assumption by said Purchasers is joint and severat and shaft bind them, their heirs, personal representatives, successors and assigns. l'.! YI'IT;VE55 WIIEREt3F, the parties have hereunto executed thissnstrument, this 2 day of s'883:UARY 19 6 D _ s .? .t .._ ct w. DAl~ ~ _ _ ~ ° .~ ~_ ~ ,tom 3 HN r is ~ ~~ ~, 'MARY i:AY A7AxN EY ers urc sers THE T NATIONA~K OF GRAND tSLAND GRAND I :IDS NEi3 Authorized Si afore DALLAS KISURZ, AS VICE-PRES.