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NOW THEREFORE, in consideration of O~ Htmdred and 00/100
DOLLARS tS 100.00 ) and other good and
valuable consideration, receipt of which is hereby acknowledged by
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
Purchasers hereby assume 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 and perform
all other requirements in accordance with the terms of this Agreement
and said note and mortgage.
~ ~ m~ +~1+e .+n r~ i oa 11A r~}n anrPP }-hat the interest rate Of
J • L l.4 V ?.l a i.. lr ~y y a. a ? ~ ~ ~
11.50 per cent per annum as set forth in said original note
hereinbefore described is hereby amended to 12.50 per cent per
annum and the parties hereto further agree that the payment of
$ 503.13 per month as set forth in said original note is amended
to $ ~~A ~0 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 . Kevin O. Peck, Individually, Jane Perk, Indi
ideally, Alden F. Peck, Sr.,~ Individ'nal.ly,
5. Mortgagee hereby releases he<3C Ct?ng}~~;r~n ~+r,R,a„L, A Flnrir~ C`n~~
& Alden F. Peck, Sr. President :~~Y
Ann Peck, Indivi
Alden Fl. Peck, Jr. , Individually, and , as 1~c~'rtgagors 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
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-
described premises.
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