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good and valu~~ble consideration, the receipt of which arc
hereby acY.no:aledg:~d, the parties hereto, intending to he
legally bound, he?-cby agree as follows:
1. Grantees, jointly and severally, hereby
assume acid agree to pay the entire tini~aid principal balance
of the Note, together with interest thereon from the date of
assumption (which date shall mean the date on ~•:hich the deed
from Mortc;acjor to vrantee ~ s recorded) , accord.i ny to all the
provisions of the tote; provided, ho:ocvcr, that the provi--
siOnJ of the Note t•~liicl; Gran~ces assume and agree to pay
shall be acid hereby are modified as follows:
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i (a) Beginning on the date of assumption, the
intorest rate shall be nine•and seven-eighths per cent (9.875$)
per annum;
(b) Beginning ~•:ith the first rnont-h].y installment
due foliowiny the date of assumption, the monthly
installments shall be five hundred fifty-two and 25/100
Dollars ($_552.25
2. Grantees further agree to keep and perform ali
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~ covenants and conditions on the part of the t~;ortgagors to be
kept and performed, according t-o the provisions of the
~ _ t~ortgaye, with the same effect: as thoucjh Grantees had been
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joint makers of the tJote and joint P:ortyayors of the Mort-
gage; provided, however, that the rate of interest on the
socx 3U4 ~rE19~