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- NOW, THEREFORE, in consideration of the foregoing,
the covenants and conditions contained herein, and
other good and valuable consideration, the receipt of
which are hereby acknowledged, the parties hereto,-"
intending to be legally bound, hereby agree as follows:
1. Mortgagee hereby advances credit to Grantees
in the amount of the unpaid principal balance of the
Note.
2. GLdl1lCC5, jviiitiy ai~u jCVClalii%, hcicbY
assume and agree to pay the entire unpaid principal ~
s
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;
k.
provided, however, that the provisions 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
interest rate shall be nine and seven-ei4hths (
percent (9.875 per annum;
(b) Beginning with the first monthly installment
due following the date of assumption, the monthly
installments shall be four hundred forty-two and 35/100
Dollars
442.35 i
3 o f 6 BO(l~ J~ ~ t!~ J1~
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