HomeMy WebLinkAbout0227 3. The current principal balance of the indebtedness
evidenced by the above-described promissory note shall bear
interest from September 4, 1980 at the rate of thirteen and
one-half (13-1/2$) percent per annum.
4. The indebtedness evidenced by the above-described
promissory note shall be payable in thirty-five (35) consecutive
monthly installments beginning November 1, 1980, in the amount
of Fifteen Hundred ($1,500.00) Dollars each and a final payment
due on October 1, 1983 of the then outstanding principal balance
and accrued interest. Each monthly installment shall first be
applied to payment of interest and then on the unpaid principal
balance.
5. As hereby modified, the terms and conditions of the
aforementioned promissory note and mortgage are hereby ratified,
confirmed and approved.
6. Nothing contained herein shall be construed to impair
the security of Mortgagee under the aforementioned Mortgage.
7. This agreement shall be binding upon the parties hereto
and their successors and assigns.
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IN WITNESS WHEREOF the parties have hereunto set them,°hands
and seals the day and year first above written.
J,. .
` JACOBSON-REA, INC.
Witnesses: ~ -
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C.C-• ~ ~ LcaY By: l ,~-t-~ Ll i~4~df"
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Donald E. Ja~SoL~on, President
As to Mortgagor • . ~
SUN BANK OF ST. .Lp~CI$ C?OIJDi'xY_
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to ortga ee 'Mortgag;e~"
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ar,'rr.•343 P~GE 227
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