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.. <br />IA -14804 Spence -rat e, <br />1.00742 <br />8- 100979 z <br />LOAN MODIFICATION AGREEMENT <br />THIS LOAN MC3JZFICP.TION AGREEMENT made and 'executed this <br />BATS day of :DEreptASA 1984&, try and be en ANTHONY WHEELER and <br />EARTH A.' OTIS, hereinafter called the -Jor- rowers'.; and ORAL' Tt4GHL <br />and JOYCE TAGUE, husband and Wife,'bereiaaa- Called the Lenders";_ <br />W I T id E 5. 5 E TI <br />3 <br />WHEREAS, the Borrowers have ass d I- <br />lab ility for the <br />uayment of a certain NOtL in the c�racInal amount of .� �zuhdre€3 ' ' <br />Fiftp Thousand and No /106 Dollars ($2250,00-0-40), dated Apri3- 7, _ <br />39(31; <br />y <br />WERREAS , u <br />POh receipt of the December 1986„ payment there... <br />kill be- ontstandiasg a remaining ;principaal sty in'YeS�ect td said <br />IdOie' in. the amount of TWO Hundred Twent -,g 71iousared Forty arts <br />936 /-190 Dollars (�220 €34fi_Q6); <br />WHEREAS- Borrowers. have mace appl Cat -ion to the Lenders to <br />ad?ust the terms of payment i n respect to said Note; and <br />WHEREA -S Tenders hase agreed to adjust tae terms for payment <br />`L? <br />in respect to such Note conti-nVent- uvwm the - Borrowers* perfozm- <br />in accordance with i#a prC33 —_ors of this Loan �odiLcatL#SiCe <br />Ag ement <br />r THEREF` RZ,,' ' in ..consideration of the mutual covenants <br />sl <br />herein eOntainedt it is agreed- <br />I. In -accordance with the terms of this ��n �;ficallote, ti <br />f <br />r- t ;t' lTkG terms - S..R respect; to payment lof *'� -i'�.J ex 3S�. .. <br />-. <br />ted p. ,t are heereby,modift-d to ''�Si":= ..SAC -_ i- sai3i.. after <br />wne Z?e--e=ber 1,986 -Pa Mont, the re-..aini dg Pr.fi'E.CM'pa l sue'. or- <br />Fsundred Twenty Thousand Fo-ty ash 336 ,/I00 Do hs (1220,040.06), <br />wits interest computed fret December 1$, 19860 an such - unpaid <br />pr nciPal, balance at the adjusted annual rate of eleeser percent <br />UIV) shall tae payable i.'s fifty njne (59) monthly nstal?M hts of <br />TWO ?'t sand Sur Hundred Weelme and 601lo8 Dollars ($2,412.60) <br />each . applied - first � tO a-ccrued interest and there t0 -- principal <br />- <br />CLORMencing On the 18th day Of January, 1983, and continuing on <br />the 10th; day of, each €smith thereafter, with a final Payment of <br />the then remaining ' principal balance. together with accrued <br />nterest, clue and payable on the 10th day of December, 1 °9l t <br />2. Except as specifically modified b* ah?s Loan godiriCa- <br />tion Agreemesat, all other terms and provisions cf the mote dammed <br />April ?; I983, previous y executed by the Brri -twers shall remain <br />in "fall-: force and effect_ <br />