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sum of Ten Dollars ($10.00) in hand paid by the Mortgagors to
the Mortgagee, receipt of which is hereby acknowledged, it is
hereby agreed as follows: ~
1. That the interest rate of eight and three-fourths percent
(8.758) per annum as set forth in the original note dated September
16, 1976, for Sixty Nine Thousand Dollars and 00/100 ($69,000.00)
is hereby amended to ten and three-fourths (10.758) per annum; and
~ 2. That the payment of Five Hundred Sixty Seven Dollars and
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0 29/100 ($567.29) is amended to Six Hundred Sixty Eight Dollars and
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U' 68/100 ($668.68) per month; all payments made upon said note and
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mortgage shall be first applied to accrued interest and secondly
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i upon the principal; and
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3. That, in default, the interes~ rate of ten percent (10.0$)
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ger ann~n as set forth in th~ original note dated Septemher 15, Zg76
- i~ is.hereby amended to fifteen (15.0$) per annum; and
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~ 4. That Mortgagors agree to bring said note and mortgage
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J current. -
5. That all terms, covenants and conditions ~n the original
~ note and mortgage referred to which are not inconsistent herewith
' are hereby expressly confirmed, ratified and declared to be in
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; full force and effect.
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E 6. That the provisions of this Agreement shall be binding upon
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all the parties hereto, their heirs, personal representatives,
~ successors and assigns.
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~ 7. That the provisions of this Agreement in no way affect
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¢ Mortgagee's right of foreclosure for any default of Mortgagors
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sebsequent to the date of this Agreement.
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