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NOW, THEREFORE, in consideration of the foregoing,
the covenants and conditions contained herein, and
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other good and valuable consideration, the receipt of ~
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which are hereby acknowledged, the parties hereto,
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intending to be legally bound, hereby agree as follows: t
1. Mortgagee hereby advances credit. to Grantees
in the amount of the unpaid principal balance of the
Note. _ ~
2. 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 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-eiq_hths
percent ( 9.875 per annum;
(b) Beginning with the first monthly installment
due following the date of assumption, the monthly
installments-shall be fourhundred forty-one and 03/100
Dollars
441.03
3 of 6
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