HomeMy WebLinkAbout2776 t'
f
v
good and valuable consideration, the receipt of which are
hereby acknowledged, the parties }iereto, 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 (w}iich 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:
(a) Beginning on the date of assumption, the
f
E interest rate shall be nine.and~three-quarters percent (9.75$)
r
-per annum;
~ (b) Beginning with the first monthly installment
due following the~date of assumption, .the monthly
installments shall be Three hundred forty and 30/100
Dollars 340.30
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
Mortyage, with the same effect as though Grantees had been
joint makers of the Note and joint Mortgagors of the Atort-
5
gage; provided, however, that the rate of interest on the
s
{
~c?cK310 ractZ774
s
_ _ _