Transcription of PROMISSORY NOTE, ASSUMPTION AGREEMENT …
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PROMISSORY NOTE, ASSUMPTION AGREEMENT …
MULTI-FAMILY HOUSINGCONVERSION AGREEMENTUSDA RDForm RD 3560-50(02-05)1. Borrower Name2. Project Name5b. Loan Number3. Borrower Case Number5a. Fund Code4. Project Number6. Date of Conversion7. Amount of Conversion8. Conversion Code9. Amortized Installment1 - Voluntary2 - InvoluntaryFor value received: 10. Borrower acknowledges liability for, reaffirms, and promises to pay to the United States of America acting through the Department ofAgriculture, Rural Housing Service (herein referred to as Government) at the office address set forth below, the total unpaid balance of the indebtednessincurred under the instruments of debt and related security instruments described as follows: PROMISSORY NOTE, ASSUMPTION AGREEMENT OR OTHER INSTRUMENT OF DEBTP rincipal AmountInstrumentDateExecuted By:MORTGAGE OR OTHER SECURITY INSTRUMENTR ecording DataSecured PartyInstrumentDateExecuted ByPosition 2 11. Borrower agrees to pay said indebtedness in accordance with the terms of said instrument and any supple-mentary agreements as amended below except that any indebtedness now past due under the terms of said instru-ment shall be due and payable on the date hereof.
11. Borrower agrees to pay said indebtedness in accordance with the terms of said instrument and any supple-mentary agreements as amended below except that any indebtedness now past due under the terms of said instru-
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