HomeMy WebLinkAbout0348 ~ • ~r~#.
.r..
" ~
- ..K ~ ~
.t
`i
1 _
's fit.
"
. yt
' f
~
good-and valuable consideration, the receipt of which are "
hereby acknowledged, the parties hereto, 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 (which date shall mean the date on which the deed
from Mortgagor to Grantee is recorded), according to all the
s
provisions of the Note; provided, however, that the provi-
t
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 assumption, the
~
interest rate shall be nine and seven-eighths percent (9.875$) "
per annum; j'
(b) Beginning with the first monthly installment
~dve following the date of assumption, the monthly
installments shall be five hundred twenty-eight and 91/100
Dollars 528.91
2. Grantees further agree to keep and perform all
i
p.
covenants and conditions on the part of the :~ortgagors to be
kept and performed, according to the provisions of the
Mortgage, with the same effect as though Grantees had been
joint makers of the Note and joint Mortgayors of the Mort-
- f
gage; provided, however, that the rate of interest on the
F
k
f ~ ~~~t~
3 of 6 900KJ~~ PdGf J