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' good and valuable consideration, the receipt of which are
• hereb acknowled ed the 3
y g , parties hereto, intending to~be
•legally bound, hereby agree as follows:
1. Grantees, jointly and severally, hereby
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assume and agree to pay the entire unpaid principal balance
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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: -
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' (a~ Beginning on the date of assumption, the - .
terest rate shall be nine and three-quarters per_~ent (9.75$)
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per annum;
(b) Beginning with the-first monthly installment
~ - due following the date of assumption, the monthly
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installments shall be •fourhundred-thirty and 38/100
r
E _ Dollars 430.38
• 2. Grantees further agree to keep and perform all
• covenants and. conditions on the part of the Mortgagors to be ~
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• kept and performed, according to the provisions of the
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Mortgage, with the .same effect as though Grantees had been
joint makers of the Note and joint Mortgagors of the Mort-
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gage; provided, however, that the rate of interest on the ~ ~
~ ~ OR~n ~r~ .
800+! W2 FACE~QlJt)
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