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NOW THSRSFORE, in consideration of TWO~HUNDRED AhD NO/lOn---
ppyyAgs ~g 200.00---------) and other good and
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valuable consideration, receipt of which is hereby acknowledged by f
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Mortgagee, it is mutually agreed by and between the parties hereto
as follows: -
1." That the credit of the~Purchasers is satisfactory to _
the Mortgagee and that the Purchasers are accepted for membership in
the Mortgagee. _
- 2. That as a part of the purchase for said real estate the ~
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Purchasers hereby asswae and agree to pay the above-described note
and mortgage to the Mortgagee and that-the Purchasers hold said
property subject to said note and mortgage and that they will make
the prescribed monthly payments-thereon to said Mortgagee an,.d perform
ali other requirements in accordance with the terms of this Agreement
and said note and mortgage. -
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3. That the parties hereto agree that the interest rate of - ~
8.70 per cent per ,annum as set forth~in said-original note
hereinbefore-described is hereby amended to 10.75 -per cent per
annum and the parties hereto further agree that the payment of
$ 394.43 _ per month as set forth in said original note is amended
to $ 477.89 for each and. every month hereafter.
4. That all terms, covenants and conditions~in said original
note and mortgage referred to which are not inconsistent herewith are
hereby expressly confirmed, ratified and declared to be in full force
and effect. _
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5. Mortgagee hereby releases Douglas R. Swanson and Julie M. ~
Swanson, his wife , as Mortgagors under the
"-hereinbefore described note and mortgage, from all personal liability
on said note and mortgage.
6. This Agreement does not constitute the creation of a new
debt, nor the extinguishment of the debt evidenced by said note and
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mortgage, nor does it in anywise affect"or impair the lien of said
mortgage, which lien is a valid and existing first lien on the above-
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described premises.
_2_ 80~KJ~7 PAGE J~?