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<br /> WfREAS. HOME fEDERAL 9AlIINGS AI� ltIRN�ASSOCIATION OF GRA(� ISLAl1p, herei�after � � =`�� -
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<br /> ���} ` .°� refersed to as "Hame Federal�• loaned_ N d�D PAR'!`NERSHIP t�;�, F �-
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<br /> � .. ,,�-. .,.:.:� hereinafter referred to as 8orrarers"• the o�cigir►al .' r :'`
<br /> �` -principai sum af UAtE HtlNDREO THa!lSAND �OLlAFiS !1!�!� OOItOD--------------------Dollars '
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<br /> ,�;��-�`-' ; ` — � (s100.000.�. as evides�ced by a mortgage note dated lMAY 1'!. 9989 , and . -
<br /> � gage/deed of tr�st dated IN1Y 11, 1988 a•�d iecorded as Dncument �: ;
<br /> -- � : , f ,: :_�;i. secured by a mort .
<br /> '� . .�='"F No. 88102 90 in the �ffice of the Register of Deeds in HALI. Cou►ty, B�IE RASf(A ���.�.
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<br /> ' - - �'��� . t�EREAS, said Bar�arers haue sald t� the undersigned Purchasers the PropertY �' : ,�,
<br /> _ ��y�;'-`:�.:.���..�.:'`�� 2egally described ast . . . -:-_� ., .
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<br /> �����• �;����� _ '`' � , l,f: f�FE�£A,S, �asers desire��ii'�rtie and pay the'relr�ir�� ie�de6tedne�s descri6ed � .. Y
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<br /> ., k� •����� ° .,_ ,.above:�`;��rid.e�r��4-by the.aforeniet'�€�aFS�d note and mortgage/de�'.� trusf;'�hd =
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<br /> , _ �.. .�. ,.,,�.t 3���S, Bo`rrowers t1��Ere to be released fran any further r�a�igation in respect
<br /> . . << - �'�';;fi_ to tir�,�+ue described-����:and martgage/deec#_:aF Lrust; �nd �,: :__ ; � '
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<br /> >��.tt��. � ,�f�,... i�EAS, H�me Federal,�.'.�is williag to,�pie�rt►it th�r. assumFs�aan� by ���rhasers of { ,�
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<br /> ^�,�`{��� . ::� �:�te note and �nort e dee�i'`of trus�'.as�d re3e3se the:'�"rauers �from t,�:'tz5ligations .� _
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<br /> �. �:5���+����Y``�"�r`!�`•�, , �•t•,��idenCed by the afored��i�s�hed lva�.and mortgage/de�:s�f trc�s�; sub��c�i homevert ,'t ..,,.�� t�
<br /> { f� ., �� T,; �� a ieuision of the ternis a�. pay�,;�►T.�;:�#f ,saic��.indebt���s, _�. , _, � t��
<br /> ° '�_f�:s� ° '�,��s/'; �;.�� � :�'- ,t�(�fit� THEREFORE, i�. c�-isider��i��, of_:�h�;mut�a��,.�aii`as�t��� ;"herei�r r�uittainQd, (� ._.'r z}
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<br /> �` ��:;J;�� -� ' . ,.t� - 1. The uncte�signed Purchase�'=.Czereby �assume 'a� .�'3r� �te ,�raY.;,';�+�:�remaining ; , �
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<br /> - ?r��•:�s� . .�indebl.edness euider�ced by the a�'ca��escri�ed �ate �ti���i:3t''..g?r��dsed ��£ ,tzust as� . '-_ --._.- — -
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<br /> perfoi'+�.all of the obligations pravided therein and as modi�'ie�f here,pyr; it being
<br /> # ,' " �. agreed'a�d understood that a��of this date said indebtedness is'� GHTY FOUR TH�USAND _
<br /> ' ;;r�.-' ' � . FTIIF HIINI1RFf1 ANC1 OO/70�---�--=-----------. Oollars ($g[�,, OO.OU •
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<br /> �•'�'�r� � Z. The �terms of the repayrr�ent of the debt evidenced by the af�eedescribed � '��
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<br />' <. � ' �,� note a�d mortgag,���eed of trust are hereby modified in that interest up�i �he unpaid �,' �
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<br />,- ,�;`.�- balance of saicl:� i.�debte����shall- tre-at the rate of fIGHT � perc��s't- (8:-£i;: ,��:;= , ���, ��<.;:;t:;:1,...`;, '.�,-:
<br />; . �. <. ,f�, � .� per arriva�,' and�±�t�t mont�i.h�::,��•�yments sha11 be made commeneit��;�i,.,the 'l�ST da c���. �'• � '.',�`�i';=s���;;�,,
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<br /> � - . ' : �CT���`�_•; 2g3Z , and can�:�:,r�n ttie.-�.iS"�' of each mont�r,°�r-_.reaft�=s, it b�i'ci�: . � ; • .',`,',�;��-;� ,
<br /> . � •� �t, ". �� '°.�ia �l�r:��reed *'hat such payrr.r�,Ws sEi�.LL be: �i�:��e amae� �f E��:��"��;�►Ji1tGrQl-�.'�"UEN ANa' . .,', . , ..
<br /> , t.�I:r 3`.r-,•------•--------------•---'=-�.TaL•�,� � ,;f$ Sa7��:�_,��,gs��..:�rp�?,�, ��� fa's .applied • �
<br />-'� � �,, .,: i.�{t��a°' interest and the balance �o'�pfi�n;a:�� r�n+:i.E.:=a.id .�e�aeY�+Y:.es�ness� is paid.,in , �
<br />;:;rr� � . ,`;;; ��'u��;,,���iid��hat, in addition, said Purchas��s���1�2 pay`"�'�r�� s�c��::�:�=:�. . . �:, ;.,
<br /> � � `�<:_�L;'�� .. . . �r :� Qollars �;�- �t1.�0 ..i.;�:;p2� m;�!E.J�; _�; e=craw esti�a�ci � _
<br />��:'�. : ;'�64.._- .. , , :-� - � � ' • ..s ..�.r��......r.: { !.. .; ` _ _ .
<br /> ,}e.:<t. , _:�.sufficient t�, �}�.taxes and or i,n��.ance on said �i���..y,_,�.��,.��-.;e�ls�a�Q may� de . �
<br /> " 7t.c;.,;, . .� � 7 , . . �� .{ .� . . ,
<br />. � �;3'.r,�;. . : , ' revised from ti�°.�sto time by Home�I�c-�3era1, making a:t���.W; si�,,� � c'y��isti;-s;f �,,.� �,
<br /> . �3��;;;.. . . � EIGHT HUNOREO S�i,►�'� AND 53��1'�0-------�---------------==:"��a�ii�,�- .���=�M�°,,,;;,;;r) Per month� •,,
<br /> � � 3. Except as mati�����° hereby, the note and ma��t�'�::�r`� �` trwt �boue de- ��
<br />���`��, � �%;'�- scribed shall re�sain fn ���i:, force and effect, and th� �:a��i'Si �r-d PurahG,�ars pramise � . ' ;'=,�:;
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<br />::�h.,��-y�.�� �„�'3�;` . . " to pay said inr��ti:tudnes�• as here,i:�, stated a�d to ;;�e�t;arm all of t��;;�ab2igations .��;':;��, : � . .
<br /> ;r+tr� �}`�,, � : _.of said mortgaae�/?e�d of trust as t���ein revised. :�� ==; . ; �:. ,�:• �,'' ' ,
<br />-f �'� � � 4. By re�r��ir:�.f this Loan Madificatiar� .and. A�:,�;x,n'stion A.gFeeinent, k�r,ry Fe�e�xL. , ,, ��`. . •',;: �:
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<br /> ";,'� �, ' „��- . hereb��t,�=�leases•'cn:��13isc,t�cc�es the undersig,�Eti _arigir�l'�7r�i�sL�� 1�,�tom�f,�r�y� ���?a;�• ``- :r;,:�;��'',,.
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<br /> rt,'; . ;,',`:'.°;'::� obl�.gat�ori�uport;�,t+�����d���iness.. �,. .. �� , �. ,.. . � , �; . ,....
<br /> ,."',.� �5. �If arr �e ' .€ra�r►t� r�s�iction�or ro�is:��n �ai� i,���:�V ee.?�C is d�tEr- , �,., •t�.:,,,,;��'
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<br /> mined ta he vuid�r`i.r�valid or uner���rceable, the r��.�:�s'���'��Ltie terri�,,' covenants, '�, •.�
<br /> . ' �� r2st�ictians Q�,.{�svisions of thi5 pgreement sfiall remairs `I�t.;�ull force and effect, �`'
<br /> ``!,�.` ', and the pravisions. of tfie note and mortgage/deed of trust'a�ri�nded or modified by
<br /> suci� voirl, inva�id or unenfvrceable part hereoF shall be reaf�irmed and enforceable �
<br /> � �I to the samE extent as if this Agreement had nQt been executed. ' � �
<br />..- � - IN I�ITNESS WF�R�OF, the undersigne�have execut�d this instrument ars this 15TH �_. -
<br /> . � � � day af SEPTEP18ER , 19 9z . /. � '
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<br />;; - .. � plJRC�RSEf� UND�RS7ANDS THAT THIS IS RN AaJUSTAHLE f40RtG�iG� .I�AtV a���3 THAT AO�Y�IENTS �f�! � . , ',
<br /> . � �� ,� g� ADJUSTE� vEA�LV, pUEiCHt�SEft HRS H£UIEW`�0 TH�S£ p�JUST�iE��T TEiUY1S CUNTRItVEQ IN TH� ` '. "
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