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ARTICLFS OF AGREEMENT ~
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Come, the undersigned parties in consideration of their ~
mutual agreements and ANE DOLLAR in hand paid by the second partie
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~i and the consideration hereinafter .appearing as running to the ~
second parties, and consent and agree to the extension and ~
~ correction of that certain Articles of Agreement dated April 8,
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~i 1963 be tween ECIWARD ANTOON and EDNA ANTOON , his wif e, and SAMUEL ;
J, LE~JIS, and recorded in O.R. Book 77, Page 163 on December 20,
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i~ 1963 ;
WITNESSETH, That the said parties have corrected and
f~ extended the said Articles of Agreement as follows:
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1`;, That the agreed sum due and owing and unpaid February 1, ~
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1970, is $10,396.91 and,
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WHIItFAS, The original contract is in default and,
WHEREAS, The parties desire to extend the agreement,
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j~ the said agreement is hereby amended by increasing the interest
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f rom s ix percen t to e ight percent on the unpaid princ ipal s ums
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i from time to time owing and increasing the payments from those
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~ originally set at $65.00 per month to the following: Second
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~ party shall pay quarterly interest at eight percent on the sums
~ owing and continue the said interest payments for one year which
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~q are a part of $2,400.00 which shall be paid by the second party
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~ to the first parties on or before one year from date and in
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4.~~j~~ :ti:~::F: ! a~nsideration therefor, . f irst parties shall withhold foreclosure
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"'r~; proceedings and all sums paid during the first said year shall be
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~ ~ applied first to interest and then to principal.
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It is intended that the second party shall pay the
~ taxes and insurance and in the event the same shall become
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~ delin uent for thirt da s or more first arties ma a the
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same and add costs thereof to principal with the same interest
~ provision of eight percent on the unpaid balance and in the
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~ ;j absence of payment of $2,400.00 to the first parties within the
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~ ~i said year, first parties shall have the option to re-enter and
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~ take possession of the property without further expense and costs
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