HomeMy WebLinkAbout0911 NOW THEREFORE, in consideration of TI~O HUNDRED AND NO/100-
DpLLARS 200.00---------) and othex good and ~
valuable consideration, receipt of which is hereby acknowledqed by ' ~
Mortgaqee, it is mutually agreed by and between the partiea hereto•
as follows: ~
1. That the credit of the Purchasers is satisfactory to ;
the Mor~gagee and that the Purchasers are accepted for membership in
the Mortgagee. ~
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2. That as a part of the purchase for said real estate the ~
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Purchasers hereby asswne and agree to pay the above-described note
and mortgage to the Mortgaqee and that the PurchaseY~-hold said
property subj~ct to said note and mortgage and that they will make
the prescr~.bed monthly payments thereon to said Mortgagee and perform
all other requirements in accordance with the terms of this Agreement ~
and said note and mortgage. . ~
3. That the~parties hereto agree that the interest rate of ~
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9.90 per cent per annum as set forth in said original note '
hereinbefore described is hereby amended to 10.25 per-cent per
annwn and the parties hereto further agree that the payment of
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$ 288.54 per month as set forth in said original note is amended
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to $ 298•28 for each and every month hereafter. , ;
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~ 4. That all terms, covenants and conditions in said original
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4 note and mortgage referred to which~are not inconsistent herewith are
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~ hereby expressly confirn?ed, ratified and declared to be in full force
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~ and effect. ~ •
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~ ~5. Mortgagee hereby releases Byron Larsen and Patricia
~ Larsen, his wife , as Mortgagors under the
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~ hereinbefore described not~ and mortgage, from all personal liability
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~ on said note and mortgage.
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~ 6. This Agreement does not constitute the creation of a new
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~ debt, nor the extinguishment of the debt evidenced by said note and
- mortgage, nor does it in anywise affect or impair the lien of said
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~ mortgage, which lien is a valid and existing first lien on the above-
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~ described premises.
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