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Nf~i '~REfnRE, !t?•CO~sideration ~~f SIX HUNDRED SIXTEEN AND 5?/100
DOIZARS (S 616.57 1 and other .~cxxi .,r.
valuable onnsideretion, reoeipt of w~hi~h is herehy acknowledqed t~yr Nhrr.~~.,c,~-•- •
it is mutually agreed by end between the parties hereto as follow~~ ,
1. 'it~at the eredit of the Purch~~sers is satisfactoty to the Mc~rrr:~-~: ~ ~
and that the PurcR~aears are aooepted Ear me~rbership in the wbrt~aaee.
2. 2T~at as a pert of the purchase for said real estate the Pu~c11~~~~~~ ~
hereby assur~ aind aqree to pay the above-described rote ar~d mortqaQe ~r
Nbrtgagee and thnt Ehe PurChaBers hold said property sub~ect to said ?Y~~ ~
m~rtgage ~nd thet they w~,ll maike the prescribed rronthly pa~m~ent4 there~~ •
said Nbrtgagee ~nd pesfOlm nll other i.-equirerr~ents in aooordanoe wi~h *1~~ ?-~~~~rs :
of this Agreement and sa~:d not~e and mc~rtgage . . ~
3a. 'Ifiat the parti~s ~heret4 aqree that the interest rate of 7. 50$ ~
per oent per annun as set fOrt11 in said orig~nal note hereinbefore ~ESCi'1~'X'_'r' ~
i3. p~r c~t per ann~ and the partles n~r~r.o
..:..I wi+~i xiCa CIO
further agree .that the ~payn~:nt of S__ 341. 38 per month as set fn!-~!' ±T1 said
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; original rot~e is atneflde~d`t~ S 443.37 for earh and evexy rronth hereaft~r.
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~ 3b. Tfiat ~he.parGl~~s;tier+ebo agree thaC henceforth the ctefault interF~t
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E rat~e of fiaen per oe~t?t* ~Yfl:01) per aiv~um as set forth in said original r~t~ ~Are- ~
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E inbefore Aescribed is heteby aceer?c3ed to 18 . 0 0~ per cent p~r anrnDt
~ ~ i.
~ 4. Zfiat all trB~mB~.•~,
~~tx',~Yerinnts and conditions in said original note an~
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croztr~agA Xeferret] b0 ~t~ ``~~ot in~nsist~t herewith are hereby expresslv
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; c~n~firn~ed, ratitied Yar+eQ~. to be in full forve and ef fect .
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z = S. Nbrt~gagee he~b1t n?le~tses James A. Hoos and Shirley H. Hoos,` ~
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~ his wife T r , as M~rtigagors unc3er the herezntr- fore
described rote and nr~rtqage,. fi~Om all ~ersonal liability on said note anr.
f '
~rortgage .
6. 'Ittis Agreenent Zbes not oonstitut~e the creatian of a new de.bt . ~-re
` extlnquis?ment of the 3~~ evidenoed ,by sai.d nate a~r~d rrortqaqe , nor c]~- ~ ~ r
anywise ~?€fect or itrpair t11e lien of said rrortgage, which lic~s is v.z: ~
existing ~irst lier? an th~:. above=descri.bed premises .
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~~~~~4i3 Pa~f 964 ~ ~ ;
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