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Loan No 013-01-609 ASSUMPTION AGREEMENT W17H RELEASE WHEREAS ~1®01768 THE FIRST NATIONAL BANK OF GRAND !BLAND Loaned Steven C. lyianninq and Pamela L. O'Hara the sum of Thirty-four thousand and noj204--------------------=-------- Dollars (9 34,000.00 }, evidenced by note and ~~iortpage dated July 5, 2979 and re~rded as Dowment No. 79-004309 in Hall County _Nebraska_ _ __ WHEREAS, said Harrowers have sold said property to the undersigned Purchasers and said Purchaser desire to assume and agree to. pay said indebtedness and perform atI the abligations under said Loan Contract, and said Sellers desire to be rel~sed therefrom, and said t3antc is witting to accept said assumption and release said origina! Burrowers; THEREFORE, for and in consideration of the premises and other good arx3 valuabte wnsideratkuss, the undersigned Purchaser~k hereby assume and agree to pay the indebtedness evidenced by said note and mortgage and perform alt of the obligations provided therein, it being agreed and understood that as of this dale said indebtedness is Thirty-three thousand six hundred seventy-one and 45/100-------------°--°-------------- Dollars ($ 33.671.95 and that the interest rate shall be 10.50 $ per annum, and that the monthly payments shall be made beginning the 1 day of t 4~_, in the sari sf ~T•hree hundred twelve and X100---_------------ Dollars (S ~1~ _ 5$__) per month, to be applied first LosnteresL and the balance io principal anti! said indebtedness is paid in full, and that in addition; said Purchasers wit! pay Seventh--nine and 42100----------------------------------Ooltars ($79.42 } estimated to be sufficient to pay taxes and irsurence on said property, which estimate may be revised, making a total current payment of Three hsnd_red ninety-twa and nol100--- - Dollars ($ 392.00 per month, and that in all other respects, alt terms and conditions of said note and mortgage s alt remain In fail force and effect, aald the undersigned !sank hereby releases and discharges said original Borrowers upon their persona! obligation upon said indebt- edness. him his This assumption by said PurchasersI i~~Rjpik~sax=>idcshail bind Win, fi~ir heirs, personal representatives, successors and assigns. IN WITNESS WHEREOF, the parties have hereunto executed this instrument, this_~~ day of _, t9~~ . C n ~--~ ~--- r Borrowers ~ arc asers TI?E FIRST NATIONAL SANK OF GRAND !BLAND GRAND ISfL~AN/D, NE~8RASKA Senior Vice-E~reGiden~ REC~ERS hlEMO:.~ ~ ~ -T tft ~ ~,, r, • - ~ 7 ~t' l ~'- _ ~~_ . G! f