HomeMy WebLinkAbout1904 ~ t.•:
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good and valuable'consideration, the~receipt of which are
hereby acknowledged, the parties hereto~ intending to be
legally bound, hereby agree as follows:
l. Grantees, jointly and severally, hereby
assume and agree to pay the entire unpaid principal balance T
of the Note, together with interest thereon from the date of '
assumption (which date shall mean the date on which the deed
from Mortgagor to Grantee is Xecorded), according to all the
provisions of the Note; provided, however, that th~ provi- ~
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sions of the Note which Grantees assume and agree to pay '
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~ shall be and hereby are modified as follows:
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~ (a) Beginning on the date of assumption, the
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~ interest rate shall be nine and seven-eighths p~ercent (9.875$)
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~ per annum;
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(b) Beginning with the first monthly installment
~ due following t;~e date of assumption, the monthly
installments shall be Five hundred fourteen and 64/100 . ±
~ Dollars 514.64
~ 2. Grantees ~urther agree to~keep and perform all
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~ covenants as:u conditions.on the part of the Mortgagors to be
~ kP~t: and performed,•according to the provisions of the
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~ Mortgage, with the same effect as though Grantees had been
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~ joint makers of the Note and joint Mortgagors of the Mort-
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gage; provided, however, that the rate of interest on the ~
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~ ~ B~~K311 FA~~~1~t13 -
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