AND WHEREAS . the Mortgagor. and Guarantor have requested. an

_extension for the repayment of the same, which. the Mortgagee has
agreed to, subject. to the parties herein entering Into the within and.
Modification Agreement which, _ da addition to other provisions,»
stipulates that the monthly” payments and interest rate ‘charge. under
the sald Mortgage of a Lease are to be Ineveased, all as hereinafter

provided,

NOW this Agreement witnesseth that in ‘consideration - of the:

premises, other ‘valuable consideration and the “sum of ONE DOLLAR
($1. 00) now paid by the Mortgagor. and the Guarantor | to the “Mortgages
(the ‘receipt whereof ts hereby acknowledged), “the “parties agree as

follows:

The. Mor tgagor and the Guarantor covenant mtth ths Mortgagee that
the “Mor tgagor and the. Guar antor “will pay to the “Mor tgagee oe
aforesaid principal: sum of FOUR, HUNDRED © NINETY- NINE’ “THOUS AND

“HUNDRED NINETY-FOUR DOLLARS “AND THIRTY -ONE AENTS- ($499; 394 31). with:
- interest” thereon at” EIGHTEEN AND THREE- QUARTERS . (68 316%). per. cent | “per.

annum, as follows:

” By equal consecutive nonthly instalments of SEVEN THOUSAND, SIX
HUNDRED AND ONE © ($7, 601. 00) DOLLARS | each, commencing on fst ‘day
of February,. 1983, and continuing | on the” Ist day of each: and
every month in “each and every: year until and tneluding: ‘the, Ase.
day of December, 1989, cand the. balance payable ‘on vthe 1st: day, of:

‘January, 1990.

That all principal “monies remaining | ‘unpaid under

Mortgage of a Lease, as at.the Ist: ‘day- of January;

bear interest from the Ist day of January, 1983, at. the. ‘cate of

EIGHTEEN AND THREE- QUARTERS. (18 3/48) per cent. per annum ‘computed,

half-yearly not in advance, and all other. monies advanced by” “the:

Mortgagee from time | to time: in payment of, taxes,” Insurance

_ premiums: or other charges assessed against the aforesaid lands, |

shall.- bear. interest from. the date of such. advance by" “the:

sonatas ana sme seon Abe Aa REM AEE REE
Hse . ; . *