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good and valuable considerat~on, the receipt of which are
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hereby acknowledged, the parties hereto, intending to be
legally bound, hereby agree as follows:
1. Grantees, jointly and severally, hereby
assume and agree to pay the entire unpaid principal balance ~
of the Note, together with interest thereon from the date of
assumption (which date shall mean the date on which the ~eed
from Mortgagor to Grantee is recorded), according to all the
provisions of the Note; provided, however, that the provi-
sions of the Note which Grantees assume and agree to pay
shall be and hereby are modified as follows: ,
. (a) Beginning on the date of assumption, the
interest rate shall be Nine and Three Quarters percent (9.75$)
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per annum; .
(b) Beginning with the first monthly installment
' due following the date of assumption, the monthly
i installments shall be Four Hundred Fifty Two and
~ 87/100--------------------------- Dollars 452.87 ~
2. Grantees further agree to keep and perform all
covenants and conditions on the part of the Mortgagors to be .
kept and performed, according to the provisions of the
Mortgage, with the same effect as though Grantees had been
joint makers of the Note and joint Mortgagors of the Mort-
~ gage; provided, however, that the rate of interest on the
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