HomeMy WebLinkAbout0867 _ - . . -
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The remaining principal balanc~ due and awing ~
as of the date of this agreement ($88,040.00) ;
shall be paid by the Martgagor to the M~ortgagee, ~
~ plua interest thereon at the rate of S~ per '
annum on the unpaid balance from July 15, 1977,
as follo~ws : ~ ~ ~
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1) ~A principal pa~?ment shall be paid in a !
sum not to euceed SSVENTEEN T[iOUSAND SIX '
iy HUNDR.ED EIGHT ($17,608.00~ DOLIARS but
not ta be lese than SIGAT ~iOUSAND ;
~ 8,000.00) DOLLARS ON Jul 15 1977 lus
nte~rest; 9 s s P ~
2) A princi al a nt shall be ~
p p yme paid in a sumn
not to exceed SEVENTEEN THOUSAND SIX -
HUNDRED EIGHT ~
($17,608.00) DOLLARS but not
to be less than EIGHT THOUSAND ($8,000.00) ~
DOLLARS on July 15, 197~, plus interest; '
i' 3) A principal payment shall be paid in a swn ~
not to exceed S~EVENTEEN THOUSAND SIX HUNDRED
a~ _ ~~GHT !$17,608.00) DOLLARS but not to be ~
less Chan EIGHT 3HOUSANDr($8,000.00) DOLLARS
on July 15, 1979, plus interest; ~
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4) A principal payment shall be paid in a sum
not to egceed SSVENTEEN TH~USAND SIX IiUNDRED - °
EIGHT ($17,508.00~ DOLLARS but not to be -
less than EIGHT-THOUSAND ($8,000.00) DOLLARS `
on July 15, 1980, plue intrest; `
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S) The remaining principal balance and interest `
orf said note ahall be paid in a lump sum ~
on Julp 15, 1981 by Mortgagor to Mortgagee
and upon payment of same by Mortgagor, said
note shall be paid in full.
There ahall be no right~of prepayment by the
~ maker eithe-r in whole or in part. '
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NOW THEREFORE, in consideration of the premises and the '
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'~mutual cavenants and conditions hereinafter contained as
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;`well ae the sum of TEN DOLLA?RS ($14.00) in hand paid by~ .
~~the Mortgagor to the Mortgagee, receipt of whi~:~ is hereby ~
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':acknawledged, and other good and valuable considerations, - ;
''it is hereby agreed as follaws:
A) That the original note of the above referred ;
to mortgage is altered as hereinabove set-out; , `
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~ 600K ~G~ PACE 8 ;
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