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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,
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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 F
Note.
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2. Grantees, .jointly and severally, hereby
assume and agree to pay the entire unpaid principal
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balance of the Note, together with interest thereon f
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from the date of assumption (which date shall mean the
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I; date on which the deed from Mortgagor to Grantee is
recorded), according to all the provisions of the Note; z
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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-eighths
percent (9.875 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 fifty-five and 69/100
~ Dollars
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455.69 ) .
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