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86-- 103753 Twenty -Eight Thousand Eight Hundred Fifty -Five and 44/100 Dollars ($828,855.44), plus interest thereon, as hereinafter modified from July 1, 1986, and further assuming all obligations in respect to that certain Open End Mortgage dated June 12, 1981, upon the above- described real estate given as security for said Mortgage Note; WHEREAS, Lender consents to such assumption of the indebted- ness by the Assuming Parties and agrees t:o the release of all other obligors to such Mortgage Note; WHEREAS, Assuming Parties desire a modification of the terms of the Mortgage Note hereby assumed; and WHEREAS, Leader agrees to modify the terms of such Mortgage Note in accordance with the provisions hereinafter set forth, NOW, THEREFORE, in consideration, of the mutual covenants herein contained, it is agreed: 1. Consent to Assumption. Payee does hereby consent to the assumption of said Mortgage ?vote obligations by Assuming Parties and agrees not to declare a default by reason of such assumption by the Assuming Parties providing all remaining indebtedness and the terms and conditions of such Mortgage Note and Mortgage as hereinafter modified are well and truly satis- fied. 2. Modification Fee. As consideration for the modifica- tion of terms and adjustment (i� rates in the loan hereby to be assumed, Assuming Parties shall pay to the Lender at the time of the execution of this agreement that amount equal to one and one - half percent (1 1/2%) of the remaining principal balance hereby assumed. 3. Assumption of Obligations. The Assuming Parties do hereby assume anal agree to pay the :ciebtedne.ss evidenced by said Mortgage Note and to perform all of the obligations provided therein, as modified hereby, and in respect to the Mortgage securing the same; it being understood that the Assuming Parties hereby agree to pay to the order of Lt::ntler the remaining principal sum of Fight Hundred Twenty - right Thousand Eight Hundred Fifty - Five and 44/100 Doliars ($828,855.44), together with interest thereon at the rage of eleven and one- fourth percent (11.25$) per annum from and after July 1, 1986, and that monthly payments of Nine Thousand Fi•-e Hundred Fifty -Two arid 98/100 Dollars ($9,552.98) each shall be made by Assuming Parties, commencing with that payment due August 1, 1986, and calculated upon an amortization of fJhe Principal amount hereby assumed over a period of one hundred igt:ty (180) months, until such time as the entire remaining balance evidenced hereby, together with interest accrued thereon, shall have been ;.,aid pursuant to :he terms hereby modiie:d. � _J