HomeMy WebLinkAbout2505 NON TBSRSFORS, in consideration of ONE HUNDRED TWENTY-FIVE -
AND NO/100-----~---DOyyARg.(5125.00-w--------) and other good and
valuable consideration, receipt of which i• hereby acknowledged by
Mortgagee, it is mutually agreed by and between-the parties hereto
as follows:
1. That the credit of the Purchasers is satisfactory to
the Mortgagee and that the Purchasers are accepted for membership. in
the Mortgagee. - -
2. That as a part of the purchase for said real estate the
Purchasers hereby assume and agree to pay the above-described note
and mortgage to the Mortgagee and that the Purchasers hold said
property subject to-said note and mortgage and that they will make.
the prescribed. monthly payments thereon to said Mortgagee and perform
all other requirements in accordance with the tenas of. this Agreement
and said note and mortgage. - - -
3. That the parties hereto agree that the interest rate of
8.80 per cent per-annum as set forth in said original note.
hereinbefore described ie-hereby amended to 9.50 -per cent per
. annum and the parties hereto further agree that the payment of
$ 224.56 per month as set forth in said original note is amended
to $ 210.93 for each and every month hereafter. -
4. That all terms, covenants and conditions in said original
note and mortgage referred to which are not inconsistent herewith are -
i
I hereby expressly confirmed, ratified and declared to be in full force
.and effect. -
~ _
5. Mortgagee hereby Releases Edward Wharton
f
E -
as Mortgagors under the
hereinbefore described note. and mortgage, from all personal liability
on said note and mortgage.
6: This Agreement does not constitute the creation of a new -
debt nor the extin uishment-of the debt evidenced b said note and
g Y
E 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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- -2- BOOK PACEz5O1
Ana
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