HomeMy WebLinkAbout0824 NOW THEREFORE, in consideration of ONE HUNDRED SEVENTY-F~VE
AND NO/100----- DpLLARS ($1~75.00----------) and other qood and
valuable~consideration, receipt of which fe hereby acknowledged by ;
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Mortgaqee, it is mutually agreed by and between the parties hereto ~
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as followa: i
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1. That the credit of the Purchasers is satiafactory to ~
the Mortqagee and that the Purchasers are accepted for membership in ~
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the Mortgagee.
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2. That as a part of the purchase for said rea2 estate the ~
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Purchasers hereby asswae and agree to pay the above-described note ~
and mortqaqe to the Mortgagee and that the Purchasers hold said {
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property subject to said note and mortgage and that they will make
the prescribed monthly payments thereon to said Mortgagee and perform
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aII other requirements in accordance wfth the terms of this Agreement
and said note and mortgaqe. }
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3. That the parties hereto agree that the interest rate of 4
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8•8 per cent per annum as set forth in said oriqinal note
hereinbefore described is_hereby amended_to 8•8 per cent per
annum and the parties hereto further agree that the payment of
$ 267.49 per month as set forth in said original note is amended -
to S 267.49 for each and every month hereafter.
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4. That all terms, covenants and conditions in said original
note and mortgage referred to which are not inconsistent herewith are ~
hereby expressly confirmed, ratified and declared to be in full force
and effect.
FIRST SUNRISE DEVELOPMENT COMPANY,
5. Mortgagee hereby releases Alden F. Peck, Sr., President & Indiv.
& Alden F. Peck, Jr., &~ane T. Peck
& Ann Peck , as Mortgagors under the
hereinbefore described note and mortgage, from all personal-Ziability t
on said note and mortgage.
6. This Agreement does not constitute the creation of a new
debt, nor the extinquishment of the debt evidenced by said note and
mortgage, nor does it in anywise affect or impair the lien of said
mortgage, which lien is a valid and existing first lien on the above-
described premises.
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