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<br />T1:e interest at=the 9~ per annum rate sha l commence to <br />accrue on UNE 1,198',2 <br />3i Recital bf outs`tandng principal.-sum and <br />interest. The principal sum-of the Wraparound ;<for gage, <br />mentioned is paragraph 1' above,,together with+the interest <br />mentianed iu paragraph'2 above, shall be`payaole as follows: <br />interest only on $1,100,000.00 at-the rate of 9X per: annum' <br />for the firs three years shall be payable in°mon*h1y <br />instal meats of $8, 250'.00 each, the first. payment payable <br />SUtY ~; 29$2, and: subsequent payments payable on the same <br />'date crf each. month thereafter for 3b consecutive months; <br />therea£ter_prineipal and interest at the 'rate ,of l0Y>>:'per <br />'aaaum=.pn the unpaid principal balance shall be payable in <br />equal` monthly insSallments of- $9, $35. i0 begixining -.Tu~y> <br />:1985,,:.and nu the same day of each month thereafter for 324 <br />consecutive months until fully paid. Piaal payment, if. not <br />sooner paid,.. shall be on VCY ~ , 202:2. <br />4. Payments on Yirst ~fort~aRe. <br />*lortgagee heretic agrees to pay-the holder of the <br />First Mortgage, the unpaid principal balance of said first <br />mortgage, together ~rfti~ all interest thereon accruing <br />thereunder as and when required by the teams of said'cirst <br />P1or t¢age. <br />5. :~o modifications oa First Mortgage.rhe <br />'4flrtgagar covenants it will not enter into any,agrsement wit-h <br />- 3 - <br />~__„_ <br />