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<br />I <br /> <br />: <br /> <br />I <br /> <br />Blanche Ann Marks and Ronald A. Marks <br />Page 2. <br /> <br />August 17, 1982 <br /> <br />----------------------------------------------------------- <br /> <br />monthly installments of principal and interest payable from <br />January 1,1982 to December 1,1986, shall be $3,222.08. <br />The amount of the monthly installments due from and after <br />January 1,1987 will be adjusted as necessary to reflect any <br />change made on December 1,1986 in the rate of interest. <br /> <br />4. Prior to or concurrent with your acceptance of <br />this Commitment, you shall pay the following amounts to the <br />Agency, or execute and deliver to the Agency the enclosed <br />Promissory Note for the sum thereof: <br /> <br />Professional Services Cost: <br /> <br />Reimbursement per Section l2(b) <br />of the Participation Agreement ... $ 22,780.00 <br /> <br />2% Fee per Section 15 of the <br />Participation Agreement ......... <br /> <br />$ <br /> <br />6,400.00 <br /> <br />$ 29,180.00 <br /> <br />If and when escrow closes on the Loan, you shall be required <br />to pay an additional three (3) percent fee in the amount of <br />$9,600.00, in accordance with Section 15 of the <br />Participation Agreement. <br /> <br />5. <br /> <br />This Commitment shall expire on December 21,1982. <br /> <br />Reference is hereby made to Section 8 of the Project <br />Agreement and to the Standard Terms and Conditions (as <br />modified by said Section 8) set forth as Exhibit C to the <br />Participation Agreement for a statement of the terms and <br />conditions to which this Commitment is subject. Copies of <br />said Section 8 and said Standard Terms and Conditions are <br />attached hereto for your convenience. Please note the lease <br />and income coverage requirements of Section 8.2.2 of the <br /> <br />-IT A <br />