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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
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 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:
I' (a) Beginning on the date of assumpt~ion, the .
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interest rate shall be nine and seven-eighths per cent (9.875$)
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~ per annum;
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(b) Beginning with the first monthly installment
' due following the date of assumption, the monthly
installments shall be four hundred~three and 30/100 .
Dollars 403.30
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2. Grantees'further agree to~keep and perform all
R covenants and conditions on the part of the Mortgagors to be
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~ kept 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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a
; joint makers of the Note and joint Mortgagors of the Mort-
1 .
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~ gage; provided, however, that the rate of interest on the
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an`;~312 P~cE1~1
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