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' good and valuable consideration, the receipt of.which are
~ 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 deed
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:
I . .
~ ~ (a) Beginning on.the date of assumption, the
~ interest rate shall be nine and three-quarters.percent (9.75$)
i . . .
~ per annum;
(b) Beqinning.with the first manthly installment
- due following the date of assumption, the monthly
~ installments shall be~ Three Hundred Eighty-three and 58/100
.
Dollars 383.58 ~
" ~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 Mortqagors of the Mort-
~ gage; provided, however, ttiat the rate of interest on the
- ~ . S~~Kz~s ~ 809 _
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