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F, 11 1540100425 1 RELEASE AND ASSUMPTION AGREEMENT 89-- 103141 Agreement made_ March2Q, 19_89c ___, between--Michael Joie Press and Gec.%ia An_n Press ____________ __ __________of _ 29&3 meat loth -- ---- -- -- - -- ----------------- - - - - -- address City af G arbd x ia!► _,bounty of_ Hall _ __ _State of__ [lebraslca herein referred to **.Seller. CENTRAL MORTGAGE CORPORATION which, Is organized and existing under the laws of Michigan, whose wailing address is 36800 Gratiot, Mt. Clemens, MI 48043, herein referred to as Mortgageev and_ 6�ut1i�R1 .J.._SCb�PiMRalluh.�iDS�. itdcA_L..�s.hLeRRnntwb. tivahwuLJ JV1W _1W_W.._GA UAL AY._ _�3--------- ------------------- ---- -- address City of_QCAQd_L&j;UVL;._.County herein referred to is Purchaser 1: Seller is, obligated and liable for the payment to Mortgagee of the debt evidence by a promissory note in the aum of SixU_WM -----------L -------- ---------DO- - _dated__INov_tMJatC 23 _______,19 s� __ana -- executed by Seller, which promissory note is aftc �inf N Mortgage dated ' Nov_ember 23,x________,19 07 itE; 87_106841 An'the office of the Register of Deeds of the�County of__Aelt� -------- State of____ebraska and Mortgagee is _-.,... now the owner and holder of such - prolr#issory -------- - note and Mortgage. 2. Seller has sold and conveyet4 or is about to sell and convey the whole of the real property described in such mortgage to Purchaser, and both Seller and Purchaser have requested Mortgagee to release Seller from further liability under or on account of such promissory note end /or such Mortgage. For the reasons net forth above, and in consideration of the mutual conveyance and promises of the parties :hereto.- Seller._ lt6rtga9ee6, °end';Pu"tdhaser conveaant and agrsir 4&i '. follows: SECTION ONE UNPAID OALANCE OF SECURED OBLIGATION All monthly installments of Principal and Interest provided by such note to be paid after___ March 119 89 _ are unpaid. SECTION TWO RELEASE FROM LIABILITY Seller is hereby released from further liability under or on account of such Note and such Mortgage. SECTION THREE ASSUMPTION OF LIABILITY AND INTEREST AND INSTALLMENT INCREASE Purchaser agrees .to pay such Note in installments at the times and in the manner therein provided: to perform all of the , ., :bligations providod-in such Mortgage to be performed by Seller at the time, in the:,Asnner, and in all respects as therein provided: and to be bound by all of terms of such Mortgage: all as though such.Note and•Mortgage, and each of them, had gtAginally been made, executed, and delivered.by Purchaser:' provided, however, that. ere t on t p � principal 8alenca shall, until g/ e p � a jg ��2��0�SZ p _CAQt - - -- ULA__..��_ per annuim, incansecutivs monthly' installments of Six -------------- Ddred..F.A3 .sllisl_ 1I�QtlL4,: - -• 0- AWLIN ------ -- -' Including principal, plus 1/12 estimated .annual taxes and .Insurance on tha___lEti_- ___day of each month, beginning__ April ___ SECTION FOUR NO IMPAIRMENT OF LIEN The whole of the real property described in such Mortgage &hall remain subject to the lien, charge, or encumbrance.of such Mortgage, and nothing herein contained or done puraunnt hereto &hall affect or be construed to affect the lien, charge or encumbrance of the Mortgage or the priority thereof over other lien&, charges or encumbrances, or except as herein otherwise provided, to release or affect the liability of any party or parties whomsoever would now or may hereafter be liable under or on account of such note and Mortgage. SECTION FIVE INTERPRETATION In this agreement, the singular number includes the plural and the plural number includes the singular. If this agreement is executed by more than one person, firm or corporation an Purchaser, the obligations of each such person, firm or corporation hereunder shall be Joint and several. 7 r